Actuary

TN United Kingdom; London; Hybrid; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a Principal Analyst to join their Actuarial team. In this pivotal role, you will leverage your actuarial expertise to support critical business decisions, focusing on Reserving and Capital Modelling. You will be responsible for analyzing risks, developing models, and providing insights that drive profitability for some of the UK's most recognized brands. This innovative firm promotes a hybrid working model, allowing you to balance home and office work while enjoying excellent benefits and a commitment to diversity and inclusion. If you are a problem solver with a passion for actuarial science, this opportunity is perfect for you.

Benefits

50% off home, motor, and pet insurance

Free travel insurance

Green Flag breakdown cover

Health and dental insurance options

EV car scheme

Generous holiday allowance

Buy as you earn share scheme

Employee discounts and cashback

Qualifications

• Nearly or newly qualified actuary with experience in Reserving and Capital Modelling.
• Programming skills in SQL and R are essential.

Responsibilities

• Provide actuarial technical expertise and analysis for business decisions.
• Research and develop models for reserving, ensuring quality and compliance.

Skills

SQL

R

Reserving

Capital Modelling

Problem Solving

Education

Actuarial Qualification

Tools

Reserving Software

Job description

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Direct Line Group is one of the top-tier motor, home, and small business insurers in the UK, home to well-known brands such as Direct Line, Churchill, Privilege, Green Flag, and NIG. Our mission is to make insurance easier and better value for customers.

We have an exciting opportunity to join our Actuarial team as a Principal Analyst on a full-time and permanent basis!

Our Actuarial teams handle risk on a billion-pound scale. By leveraging a wide range of skills, tools, and information, they assess the risk involved in policies and potential claims. We use market-leading techniques to maximize profitability and support the growth of some of the UK's most recognizable brands.

What you'll be doing:

You will be part of our SME Squad, providing actuarial technical expertise, analysis, and recommendations to support Reserving, Capital Modelling, Forecasting, Monitoring, and related business decisions.

You will also:

• Plan, manage, and deliver tasks and projects, providing insights and recommendations; lead specialized investigations, produce reports, and contribute to presentations for internal partners.
• Research and develop models for reserving or other purposes, ensuring the use of appropriate techniques and data, and maintaining quality, documentation, and verifiability.
• Review analyses prepared by Analysts in the SME Squad and propose reasoned, viable outcomes to Category managers.
• Identify areas for improvement and demonstrate awareness of team requirements to enhance modeling and data processes.
• Maintain compliance with relevant professional, legal, regulatory, and risk management frameworks such as Technical Actuarial Standards, IPL, SOX, PRAIS, SII, and UK GAAP.

What we're looking for:

• Nearly or newly qualified actuary
• Experience in Reserving and Capital Modelling
• Programming skills in SQL and R; experience with reserving and capital software is desirable
• An excellent problem solver comfortable working independently

Ways of Working

Our hybrid working model combines the benefits of home and office work. Currently, the team meets twice a week in our London Bridge office. Read our flexible working approach.

We offer excellent benefits, including:

• 50% off home, motor, and pet insurance, plus free travel insurance and Green Flag breakdown cover
• Additional health and dental insurance options
• EV car scheme for leasing electric or hybrid vehicles
• Generous holiday allowance
• Buy as you earn share scheme
• Employee discounts and cashback
• And many more

At Direct Line Group, we value diversity and are committed to creating an inclusive environment. We are proud to be recognized as one of the UK's Top 50 Inclusive Employers. If you require adjustments during the recruitment process, please contact our recruitment team.