Senior Actuarial Analyst

Lockton Companies; Greater London; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading insurance firm in Greater London is seeking an Actuarial Analyst to work within its Alternative Risk Solutions & Analytics team. This role requires extensive experience as an actuarial analyst, strong data science skills, and the ability to lead analytical projects. You will support our strategy by providing analytical and consulting expertise while working closely with top-tier clients. The ideal candidate should have a solid understanding of the insurance industry and be comfortable presenting complex information. Competitive compensation is offered.

Qualifications

• Extensive experience as an actuarial analyst at an insurer or broker.
• Thorough understanding of the insurance industry and experience in client presentations.
• Highly numerate with a qualification in mathematics/statistics.

Responsibilities

• Lead and review various types of analytical projects.
• Support brokers by engaging with actuaries to challenge results.
• Run financial analysis based on reported accounts.

Skills

Analytical project leadership

Data science techniques (R Studio, Python)

Financial analysis

Report writing

Presentational skills

Education

Degree level mathematics/statistics qualification

Passed a minimum of 5 IFoA exams

Tools

Excel

Job description

The primary purpose of the Actuarial Analyst is to work within Lockton’s Alternative Risk Solutions & Analytics team to support our strategy of providing Actuarial Analytics & Consulting to Lockton’s growing European Retail and Specialty business. You would join an existing, market leading and fast‑growing function that works across our entire business with exposure to a range of technical lines of business. The exciting role will require a high degree of self‑motivation and ability to effectively manage multiple tasks. You will be involved in projects in a lead capacity and provide technical support to other analysts in our team as well as working closely with some of the world’s leading organisations as part of a wider client team.

Your responsibilities include:

• Leading and reviewing various types of analytical projects
• Supporting brokers by engaging with insurers actuaries to challenge results when necessary
• Data cleansing, adjustment and processing
• Running financial analysis based on reported accounts
• Provide analytical model building support, such as Aggregate Loss Projections
• Provide report writing support for the above analytics
• Provide content during new business opportunities
• Applying technical skills to develop new products and sales materials
• Attending client and prospect meetings and leading the analytics component as required

You must have:

• Extensive experience as an actuarial analyst at an insurer or broker
• Passed a minimum of 5 of the Institute and Faculty of Actuaries (IFoA) exams
• A thorough understanding of the insurance industry & experience in presenting to clients
• Experience with using data science techniques in a developing environment such as R Studio or Python
• Ability to compile, analyse, present, and interpret complex financial and statistical information
• Highly numerate with degree level mathematics / statistics qualification
• Advance user of Excel to utilise and build analytical models
• Experience with the use of analytical models in an insurance broking environment
• Up‑to‑date knowledge of the application of analytics and data in the insurance market
• Comfortable and confident presentational skills
• Familiar with recognised actuarial models for analysing general insurance data
• Good financial acumen with reasonable understanding of financial statements