Claims Actuary

AXA UK; London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

AXA UK is seeking a Claims Actuary in London with a passion for data analytics and an eye for detail. In this hybrid role, you will analyze volatile claims, collaborate with teams, and contribute insights that shape strategic decisions. Join a supportive environment where you can make a significant impact while enjoying excellent benefits and flexible work arrangements.

Benefits

30 days holiday a year

Flexible working opportunities

Pension plan with employer contributions

Private medical insurance

Family friendly policies

Qualifications

• Strong abilities in the use and interpretation of numerical data.
• Exceptional skills in Excel and other analytical and data tools.
• Understanding of risks, uncertainty, and the actuarial profession.

Responsibilities

• Lead the analysis of volatile claims and deliver reports.
• Communicate trends to Reserving Actuaries to inform assumptions.
• Identify data improvement opportunities in collaboration with teams.

Skills

Actuarial Science

Analytical Thinking

Critical Thinking

Decision Making

Stakeholder Management

Statistical Analysis Software (SAS)

Tools

Excel

Power BI

SQL

Job description

Primary Details

Time Type: Full timeWorker Type: Employee

Claims Actuary

London / Hybrid

The opportunity:

This is a unique opportunity to join QBE as a Claims Actuary. In this dynamic role, you will delve into the intricate world of volatile claims and reserve volatility within the long tail claims population of EO Complex Claims. You will be the key player in providing trend analysis and actionable insights to both the Reserving Actuaries and the EO Complex claims team, acting as a trusted intermediary and "translator" between these vital teams. Your expertise in data analytics will be crucial in the EO Complex claims team, where you will not only identify and remedy data anomalies, but also provide valuable context that impacts the downstream processes for Reserving Actuaries. Join us and make a significant impact with your skills and insights!

At QBE, we strike the perfect balance—not too big, not too small—giving you the opportunity to make a real contribution. With hybrid working arrangements, excellent benefits, and a supportive environment, we are committed to helping you succeed and grow.

Your new role:

• Leading on the analysis of volatile claims on a monthly basis and delivering the volatility proforma submission twice a year. Communication with all key internal stakeholders as required.

• Understanding trends and drivers of movements and communicating with Reserving Actuaries to help inform their assumptions.

• Meeting with claims leaders and adjusters to understand and interpret claims volatility and liaising with Underwriting leads regarding the information.

• Identifying data improvement opportunities and implementing solutions and change in conjunction with Operations, Change and Transformation teams

• Understanding and influencing monthly movements in incurred position and communicating with internal stakeholders.

• Deliver claims insights for Claims Managers ( e.g.long term trends in development, insured level performance metrics etc).

• Assist the EO Complex claim team and Reserving Actuaries with learning and development to support continue collaboration and technical excellence.

• In depth analysis and reviews of - and presentations to internal stakeholders on - trends specific to classes of business, emerging risks and market-wide exposure events.

• Supporting the EO Complex claims team with automation, AI, GenAI, regular reporting to internal and external stakeholders.

• Identifying and lead on opportunities for further analyses that drives efficiencies and action.

About you

• Effective communication and ability to collaborate across various teams with different priorities and skillsets

• Strong abilities in the use and interpretation of numerical data

• Ability to work independently, organise own work and meet deadlines

• Exceptional skills in Excel and other analytical and data tools, for example Power BI and SQL

• Ability to question established processes and suggest improvements

• Understanding of risks and uncertainty, the actuarial profession and/or London Market claims

Why QBE? At My Best

At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”.It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA.

We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner. We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future – helping those around us build strength and embrace change to their advantage.

QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation (https://qbeeurope.com/careers/flex-qbe/).

With more than more than 13,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.

To find out more about why you should work for QBE, visit ourcareers website.

At My Best - QBE Benefits

You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally. As well as the benefits below we also offer an extensive choice of other options to suit you!

• 30 days holiday a year with the option to buy up to 2 additional days.

• Flexible working -balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.

• Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.

• Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.

• Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.

• Short term remote work abroad -you can request up to 20 days per year to work remotely from certain locations abroad.

• Sustainable investing - we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet's future, as well as your own.

• Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select andbike and/or accessories up to the value of £5,000.

To find out more visit our Reward Page

QBE Awards

Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include;

AXCO Global Insurance Awards 2024 Winner: Network Management of the Year

Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer

UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year

Working Dads Employer Awards 2023 Winner: Parental Policies Award

Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee

You can view all our awards here

Inclusion of Diversity

We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in. We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent. For more information on our strategy targets please take a look at ourCareers Page

Accessibility

Here at QBE, we are promoting an accessible workplace for all, which includes supporting candidates to perform at their best during their recruitment process. If you require any accommodations, please make your Talent Acquisition contact aware.

ESG & Sustainability

At QBE, we believe that integrating sustainability into our business helps us deliver on our purpose of enabling a more resilient future. Our three key focus areas include fostering an orderly and inclusive transition to a net-zero economy, enabling a sustainable and resilient workforce, and partnering for growth through innovative, sustainable, and impactful solutions. For further information regarding QBE’s sustainability targets, including our net-zero pledges and inclusion of diversity targets, and our award-winning impact investment initiative ‘Premiums4Good’, please visit our Sustainability homepage and read our latest Sustainability Report

What next?

If you have a passion to contribute to QBE’s vision of enabling a more resilient future for our customers and the community, we encourage you to apply! Simply click the “apply” button to submit your CV and other relevant documents, and a member of our friendly Talent Acquisition team will be in contact to discuss your interest further if you meet the requirements of the role.

We believe this is our moment – what if it was yours too?

APPLY NOW and let’s make it happen!

Skills:

Actuarial Science, Analytical Thinking, Critical Thinking, Decision Making, Financial Products, Intentional collaboration, Managing performance, Price Modelling, Problem Solving, Process Improvements, Risk Management, Sound Judgment, Stakeholder Management, Statistical Analysis Software (SAS), Waterfall Model

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.