Projects Actuarial Analyst (SII IFRS17)

RSA Group; City Of London; Hybrid; GBP 30,000 - 50,000; Full time

Job summary

A leading insurance company in London is seeking an actuarial trainee or part-qualified actuary to join their team. You will prepare, analyze, and enhance reserving processes while leveraging technology and stakeholder management skills. The position offers a hybrid working model, opportunities for development, and a comprehensive benefits package including pension contributions. This role encourages diversity and inclusivity within a supportive work environment.

Benefits

Pension contributions up to 11%

Continuous development opportunities

Hybrid working model

Qualifications

• Good communication and stakeholder management skills.
• Strong numeracy, mathematical and problem-solving skills.
• Proficient in relevant reserving software and technologies.
• Ability to challenge standard thinking and work independently.

Responsibilities

• Prepare and analyze reserves and technical provisions.
• Drive change through new technologies and techniques.
• Work flexibly during quarter-end bookings.

Skills

Communication skills

Stakeholder management

Numeracy

Mathematical skills

Problem-solving skills

Technology skills

Independent working

Team collaboration

Education

Actuarial trainee or part-qualified actuary

Tools

ResQ

Excel

VBA

R

Python

Job description

Overview

The key purpose of your role is to be part of the team that prepares, analyses, calculates, improves, validates and reports on all Solvency II/UK and IFRS17 aspects of our reserves and technical provisions outside the actuarial analysis covering IELR calibration, actuarial indication patterns and methodology in the reserve review and roll-forward booking.

The other main purpose of this role is to work as part of the team responsible for all project, development and improvement work within the Corporate Actuarial function. This is the work to drive change through new technologies, techniques and ways or working to relentlessly improve our actuarial services.

The working day timetable requirements around the SII/UK and IFRS17 booking responsibilities, combined with the global nature of our team, will require occasional working day/hour flexibility particularly at quarter-end booking.

You will typically be around the actuarial trainee or part-qualified actuary level. Reserving Consultants in the team will be supporting and guiding Analysts in achieving their goals.

About you

To be successful in this role you will need good communication skills, coupled with stakeholder management skills. You will have good numeracy, mathematical and problem solving skills, with the ability to work independently and as part of a wider team.

You will have good technology skills and having exposure to key reserving software (e.g. ResQ) or wider software skills that can be applied to reserving models or improvements (e.g. Excel, VBA, R, Python etc).

You will need to be able to challenge standard thinking, as well as being an independent, self-starter.

What we offer you

At RSA we put our people first. We have adopted hybrid working as standard, to give you a better work/life balance and an excellent flexible working mindset. That is on top of a comprehensive range of benefits, including pension contributions of up to 11% looking after you now, and in the future.

We\'ll give you countless opportunities to continuously develop, alongside a diverse and passionate community of experts - the best the industry has to offer. You\'ll be empowered to be your best self, do your best work, and make a meaningful impact. Our employee promise allows you to shape the future, win as a team, and grow with us.

About Us

We celebrate individuality and it is important to us that we have a culture where our people feel respected and valued for who they are. We pride ourselves on being accessible and encourage inclusive environments where our people can always give and show the very best of themselves.

We understand that home life is a priority and are happy to consider reduced hours or job shares.

If you think you would be a great fit for us, but do not meet all the requirements of the role, please contact us as we would love to discuss how RSA could be the next step in your career journey.

As a Disability Confident employer, we will ensure that a fair and proportionate number of disabled applicants that meet the minimum criteria for this position will be offered an interview. If you wish to be considered under the scheme then please answer yes to the question Do you wish to be considered under the Disability Confident Scheme? in RSAs application form. Please let us know if there are any changes we could make to the application process to make it easier and more comfortable for you. Contact our recruitment team so we can work with you to support you throughout your application.