Actuarial Trainee - Reserving

Markerstudy Ltd; Manchester; On-site; GBP 25,000 - 35,000; Full time

Job summary

An established industry player is seeking an Actuarial Trainee to join their dynamic team in Manchester. This exciting opportunity involves providing actuarial and data analytical support to ensure the success of key business objectives. You will engage in complex analysis, contribute to regulatory reporting, and enhance the actuarial control cycle. This full-time role is perfect for recent graduates eager to develop their skills in a supportive environment while making a meaningful impact in the insurance sector. Join a company that values personal development and offers a collaborative atmosphere for growth.

Qualifications

• Graduate level position; no prior direct experience required.
• Ability to perform accurate calculations under time pressure.

Responsibilities

• Support Reserving team to ensure delivery against business plans.
• Undertake complex analysis using actuarial techniques.

Skills

Analytical Skills

Microsoft Office

Communication Skills

Time Management

Education

Graduate Degree

Job description

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Company: Markerstudy Insurance

Graduate Actuarial Trainee - Reserving

Location: Manchester

Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of the private cars on the UK roads, 20% of commercial vehicles and over 30% of motorcycles in total premium levels of circa £1.2b. The majority of business is written as the insurance pricing provider behind household names such as Co-op, Sainsbury’s, O2, Halifax, AA, Saga and Lloyds Bank to list a few and Markerstudy also has a large and growing direct presence in the market as well.

Role Overview

• To provide actuarial and data analytical analysis to support the relevant department to deliver their objectives.
• To deliver assigned pieces of work as directed.
  
  

Responsibilities

• Support Reserving team to ensure delivery against business plans.
• Undertake highly technical / complex analysis using actuarial techniques under the guidance of the senior team members, providing quality assurance.
• Support in producing Reserving and other Actuarial input into business planning, regulatory reporting, re-insurance placements and M&A transactions.
• Input into the production of exhibits and presentations for key internal and external stakeholders (Pricing, Underwriting, Claims, Reinsurers and Regulators as required).
• Continually improving the ‘actuarial control cycle’, by improving and developing processes to improve reserving accuracy and efficiency.
• Driving personal development and demonstrate a positive attitude.
• To ensure that:
• Customers are always considered in all actions,
• All regulatory requirements including DPA, FCA, TCF and other are met, and
• To adhere to all relevant Company policies and processes.
• To undertake other reasonable responsibilities and projects as instructed by their line manager.
  
  

Essential Skills

• Graduate level position up to two years' experience - no prior direct experience required.
• Ability to perform accurate calculations under time pressure
• Can interpret analytical outputs in the context of the question posed.
• Ability to communicate results in a clear and concise manner to senior members of the team
• High level of computer literacy with good understanding Microsoft packages
  
  

Desirable Skills

• Ability to manage time effectively
• Has a good understanding of Insurance products.
• Interpersonal skills and self-awareness - proactive in seeking out development opportunities

Seniority level

• Seniority level

  Internship

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Sales

• Industries

  Banking

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