Projects Actuarial Analyst (SII IFRS17)

RSA Group; London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

RSA Group is seeking a Projects Actuarial Analyst to bolster our Corporate Actuarial team in London. The successful candidate will contribute to Solvency II and IFRS17 reporting and engage in transformative actuarial projects using various technologies. We're committed to offering a flexible working environment and a robust set of benefits, including generous pension contributions and opportunities for professional growth within a diverse community.

Benefits

Hybrid working opportunities

Pension contributions up to 11%

Continuous development opportunities

Qualifications

• Good communication and stakeholder management skills.
• Experience with reserving software or similar.
• Independent, self-starter attitude.

Responsibilities

• Prepare, analyze, and report on Solvency II and IFRS17 reserves.
• Drive change through new technologies within the Corporate Actuarial function.
• Work flexibly during quarter-end booking timings.

Skills

Communication

Numeracy

Problem Solving

Technology Skills

Education

Actuarial Trainee or Part-Qualified Actuary

Tools

Excel

VBA

R

Python

ResQ

Job description

At RSA, we believe insurance is about people, not things. We provide our inspiring colleagues the support and opportunity to grow together, shape the future, and win as a team. We are going through a transformation journey, providing our people with opportunity to be integral to improving our service and delivering better products to brokers and customers. We are a proud member of the Intact family, we feel part of something bigger, with a presence in North America, the UK and Europe.

We have a bold ambition to become the best Commercial Lines business in the UK, demonstrated by our recent acquisition of NIG and Farmweb, allowing us to scale by leveraging our combined financial strength and importantly ensure our people feel the benefits of our joint capabilities.

We are currently recruiting for a Projects Actuarial Analyst to join our established and experienced Corporate Actuarial team here at RSA on a hybrid basis.

Your role

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.