Lead Actuary – UK&I

Arthur J. Gallagher & Co. (AJG); City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading global reinsurance firm is seeking a qualified Lead Actuary in London. This role involves leading reinsurance pricing analytics, conducting client meetings, and driving discussions with reinsurers. Ideal candidates will have approximately 10 years of experience in insurance/reinsurance pricing and strong communication skills. Competitive salary and extensive benefits offered.

Benefits

25 days holiday plus bank holidays

Defined contribution pension scheme

Life insurance up to 10x salary

Health cash plan or Private medical insurance

Discounted gym membership

Qualifications

• Circa 10 years of experience in insurance or reinsurance pricing techniques.
• Excellent verbal and written communication skills.
• Sound knowledge in presenting model outputs and assumptions.

Responsibilities

• Lead reinsurance pricing analytics on a portfolio of clients.
• Conduct client meetings to discuss model outputs and assumptions.
• Drive analytical discussions with reinsurers for optimal terms.

Skills

Interpersonal skills

Analytical skills

Communication skills

Education

Qualified actuary

Job description

Overview

Gallagher Re – Lead Actuary – London (City) – UK&I

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 a qualified actuary to join our UK & Ireland 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.
• The UK&I team is focused on placing risk solutions within the motor, property, liability and PL (Personal Lines).

How you\'ll make an impact

• Lead reinsurance pricing analytics on a portfolio of clients, including strategic reviews to refresh and optimise reinsurance strategy
• Drive analytical broking discussions with reinsurers to help our clients achieve optimal reinsurance terms
• Conduct client meetings to discuss model outputs, limitations, and assumptions.

• Carry out market analysis to benchmark assumptions on rate change, loss inflation, etc.
• Help drive the team growth through participation in RFPs, team management / mentorship and developing current and prospect client relationships

About You

• Qualified actuary with circa 10 year experience
• Prior experience in insurance and/or reinsurance pricing techniques.
• Ideally from a PL experience 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.
• Eligible to work in the UK.

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…

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 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. 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.