Actuarial Analyst - Reserving

The Lancashire Group; London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading insurance firm in London is seeking an Actuarial Analyst to join their reserving team. This role offers an excellent opportunity for junior candidates to gain experience, assisting with data procurement, projections, and regulatory reporting. Essential requirements include a degree in a mathematical or science based subject and strong IT skills, especially in MS Excel. Study support for actuarial exams is provided.

Benefits

Study support for actuarial exams

Qualifications

• Good IT skills, in particular MS Excel.
• Excellent attention to detail.
• Good written and verbal communication skills.

Responsibilities

• Extraction and reconciliation of data for use in UK GAAP.
• Updating spreadsheets used by the reserving team.
• Assistance in production of reserving projections and reporting packs.

Skills

IT skills, particularly in MS Excel

Attention to detail

Written and verbal communication skills

Education

Minimum of a second class degree in a mathematical or science based subject

Tools

SQL

Power BI

Job description

Actuarial Analyst - Reserving

Department: Actuarial

Employment Type: Permanent - Full Time

Location: London

Description

This is an excellent opportunity for a junior actuarial candidate to learn and be part of an established and training-focussed reserving team. The successful candidate will be reporting to the Head of Reserving and will assist in all aspects of reserving work, including data procurement, projections and reporting.

Study support will be provided to a successful candidate who wishes to pursue the actuarial exams. We also welcome applications from candidates who have chosen not to sit the actuarial exams.

We welcome applications both from candidates with no actuarial industry experience, and junior candidates with some actuarial experience in either the insurance or pensions industries.

Specific Responsibilities

• Extraction and reconciliation of data for use in UK GAAP, Lloyd\'s, Solvency II/Solvency UK and US Trust Fund reserving
• Updating spreadsheets and other processes used by the reserving team
• Running of processes to assist in the production of regulatory returns
• Assistance in provision of data to external parties such as auditors
• Assistance in production of reserving projections and reporting packs
• Other general assistance in all aspects of the reserving process as required

Essential Skills & Requirements

Essential

• Minimum of a second class degree in a mathematical or science based subject as well as good ‘A’ Levels (or equivalent) including at least one mathematical subject
• Good IT skills, in particular MS Excel
• Excellent attention to detail
• Good written and verbal communication skills

Desirable

• Some knowledge of SQL and/or Power BI

The Lancashire Way

At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.

Straight-talking

We feel empowered to share thoughts and ideas, because everyone’s voice matters.

Collaborative

We work together towards common goals, share knowledge and support each other.

Hard-working

We all have a stake in the company’s success and are proactive in contributing to our goals and vision.

Responsible

We focus on achieving tangible results with consistent standards across the Group.

Positive

We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.