Actuarial Analyst - Specialty

Gallagher; London; On-site; GBP 40,000 - 55,000; Full time

Job summary

Gallagher is seeking an Actuarial Analyst for its Specialty team in London. This role involves applying insurance pricing techniques and conducting risk analysis for clients. Ideal candidates will have strong interpersonal skills and some experience in the re/insurance sector, contributing to client solutions and the team's growth ambitions.

Benefits

25 days holiday plus bank holidays

Defined contribution pension scheme

Life insurance up to 10x salary

Health cash plan or private medical insurance

Paid volunteering days

Employee Stock Purchase plan

Critical illness cover

Discounted gym membership

Season ticket loan

Emergency family care

Qualifications

• 1-2 years of professional work experience in Re/Insurance industry.
• Ability to present model outputs and assumptions clearly.
• Proactive in forming relationships with clients.

Responsibilities

• Conduct risk analysis and modelling for clients' portfolios.
• Design risk management strategies for specialty lines.
• Evaluate and price reinsurance contracts and solutions.

Skills

Interpersonal skills

Analytical skills

Verbal communication

Written communication

Education

Part-qualified actuary

Job description

Social network you want to login/join with:

Overview

Gallagher Re – Actuarial Analyst – Specialty Reinsurance - London (City)

The company:

• Gallagher Re is one of the world’s leading reinsurance advisory and broking firms.
• We bring together sophisticated analytics capabilities, risk transfer and transactional expertise to provide advice and counsel to our clients.
• We help our clients interpret the data to guide their decisions surrounding the management of their risk portfolio.

The role:

• We are seeking to hire an Actuarial Analyst to join our Specialty team based in London (City).
• In this role, you will apply your expertise in insurance and reinsurance pricing techniques to provide outstanding client service and contribute to the ambitious growth targets of the team.
• We are looking for someone with strong interpersonal skills, happy to lead meetings and deliver risk solutions.

How you'll make an impact

The responsibilities:

• Risk analysis and modelling of clients’ portfolios including complex multinational groups.
• Design and evaluation of risk management strategies for specialty lines including emerging risks.
• Building bespoke models and developing new modelling approaches for un-modelled perils, niche portfolios or black swan events.
• Valuation and pricing of reinsurance contracts, structured insurance solutions and capital market products.
• Being involved in renewals, tenders and ad-hoc projects.
• Liaising with stakeholders and building strong relationships by communicating effectively, internally and externally, to maximise service delivery levels.

About You

The qualifications:

• Part-qualified as an actuary ideally although not mandatory
• Excellent interpersonal skills, with a proactive approach to forming relationships with clients.
• Sound knowledge and confidence in presenting model outputs, model limitations, and assumptions.
• Excellent verbal and written communication skills.
• From 1/2 years of professional work experience in Re/Insurance industry.

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance

Other benefits include:

• Three fully paid volunteering days per year
• Employee Stock Purchase plan, offering company shares at a discount
• Share incentive plan, HMRC approved, tax effective, stock purchase plan
• Critical illness cover
• Discounted gym membership, with over 3,000 gyms nationally
• Season ticket loan
• Access to a discounted voucher portal to save money on your weekly shop or next big purchase
• Emergency back-up family care
• And many more…