Graduate Actuarial Analyst

Arthur J. Gallagher & Co.; London; On-site; GBP 30,000 - 50,000; Full time

Job summary

Join a dynamic team at a leading reinsurance firm where you'll embark on a journey of professional growth as a Graduate Actuarial Analyst. This role offers a unique opportunity to dive into the world of actuarial science, engaging in client interactions and hands-on analysis from day one. You'll develop your skills in financial modelling and reinsurance optimisation, while contributing to impactful projects that shape the future of the industry. With a commitment to your professional development and a supportive environment, this position promises to be both challenging and rewarding.

Benefits

25 days holiday plus bank holidays

Defined contribution pension scheme

Life insurance up to 10x salary

Income protection up to 50%

Health cash plan or Private medical insurance

Employee Stock Purchase plan

Discounted gym membership

Three fully paid volunteering days

Season ticket loan

Emergency back-up family care

Qualifications

• Minimum 2:1 degree in Maths or Actuarial Science required.
• Proficiency in Microsoft Office Suite is essential.

Responsibilities

• Conduct analysis for client pitches and meetings.
• Assist in building reinsurance pricing models.

Skills

Analytical Skills

Numerical Literacy

Problem Solving

Relationship Management

Statistical Methodologies

Education

2:1 degree in Maths or Actuarial Science

Tools

Microsoft Office Suite

Financial Modelling Software

Reinsurance Optimisation Software

Job description

Introduction

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you'll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

How you'll make an impact

As a Graduate Actuarial Analyst, you will be immersed in all aspects of front line actuarial work for our insurance clients from early in your career, including:

• Analysis for client pitches and meetings and participation in client meetings
• Assisting in building reinsurance pricing models and actuarial benchmarks
• Data collection and manipulation in spreadsheets and other database applications
• Developing expertise in using proprietary Financial Modelling and Reinsurance Optimisation software

You will also have the opportunity for:

• Domestic or global travel, as required
• Increasing opportunities for client interaction and responsibility as your experience and capabilities evolve

• Support for industry qualifications

About you

Educational Requirements

Minimum 2:1 degree in Maths or Actuarial Science and 128 UCAS points (2017 UK tariff) including A-Level Maths/Economics grade A/B or equivalent qualification.

Desired Skills and Qualifications

• Demonstrated enthusiasm and keen interest in the fields of Insurance, Risk Management, and Reinsurance.
• Proven ability to cultivate and maintain robust relationships with internal and external stakeholders across all organizational levels.
• Proficiency in Microsoft Office Suite, including Excel, Word, and PowerPoint.
• Exceptional numerical literacy and quantitative analysis skills.
• Proficiency in statistical and mathematical methodologies.
• Strong drive to identify and resolve complex problems.
• Innovative in developing effective solutions.
• Meticulous attention to detail and accuracy.
• Ability to propose and evaluate alternative solutions.

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…

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.

Should you require reasonable adjustments to your application, please get in touch with [e-mail] . If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.