Senior Actuarial Analyst

Bought By Many; United Kingdom; On-site; GBP 35,000 - 50,000; Full time

Job summary

Join a leading pet insurance company as an Actuarial Analyst, providing essential support to the Underwriting team. You'll leverage your analytical skills to conduct reserving analyses, improve methodologies, and contribute to strategic actuarial initiatives. Your insights will help shape the company's growth, ensuring pets and their owners receive top-notch care and support.

Qualifications

• Support reserving analyses and methodology development.
• Experience in the insurance industry, focusing on claims analytics.
• Degree-level qualification in relevant technical field.

Responsibilities

• Contribute to reserving analyses and actuarial insights.
• Support day-to-day actuarial reserving activities.
• Enhance development of claims analytics and support tech initiatives.

Skills

Analytical skills

Attention to detail

Communication

Collaboration

Education

Degree in Mathematics, Science, Engineering or related discipline

Tools

Excel

ResQ

SQL

R

Python

Job description

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We love pets - which is why we’re on a mission to make the world a better place for pets and their parents. We offer pet insurance policies with generous pet health benefits that are designed with their needs in mind. We’ve helped half a million pets stay happy and healthy since 2017 - and many more customers throughout the world are joining us every day. Our company is respectful, fun-loving and passionate about pets and their wellbeing. Throughout our business you'll meet people who think differently, aim for impact, and love to try new things. Want to join our pack? Join us. Love every moment. Love ManyPets.

This is an exciting opportunity to join our wider Underwriting team as an Actuarial Analyst, where you’ll play a key role in supporting the continued growth and evolution of ManyPets.

Working closely with the Head of Reserving, you’ll contribute to the delivery of robust reserving analyses and actuarial insights across our Pet insurance book. In this role, you'll support the development of reserving methodologies, analyse claims trends, and help ensure the accuracy of our financial forecasts.

You’ll sit at the heart of the Underwriting function, collaborating with teams across Actuarial, Finance, Claims, and Data to deliver actionable insight that supports sound decision-making and sustainable growth.

Your Focus

• Support day-to-day actuarial reserving activities, including input into assumption setting and methodology reviews.
• Assist with reserving quarterly “deep dives” into methodology, assumptions, and development patterns.
• Deliver reserving analyses and reporting as needed, working in ResQ and Excel.
• Enhance the development of claims analytics, including frequency/severity and peril analysis, and support tech initiatives around the business such as claims automation and fraud detection.
• Support the review of classification methods to improve reserving accuracy and enhance risk assessment.
• Interpret and communicate insights from our suite of management information, taking initiative to improve reporting where appropriate.
• Partner with our Engineering team to support the delivery of data to ensure real-time, high-quality data suitable for actuarial reserving analysis.
• Extract and prepare datasets and maintain spreadsheets that support accurate and efficient analysis.
• Conduct scenario and stress testing to assess the impact of different conditions on reserve adequacy, while monitoring emerging risks and trends to ensure reserves remain sufficient.
• Ensure reserve calculations comply with actuarial standards and work with auditors to ensure full documentation and transparency.
• Ensure quality and accuracy in all actuarial output.

What Leads to Success

Here are some of the individual skills we know will enable you to succeed in this position. If you don’t tick every box - don't worry, as we can support you in both your personal and professional development:

• You bring high accuracy, quality, and attention to detail in everything you do.
• You’re able to work and learn quickly in a fast-paced and often changeable environment.
• You’re detail focused, analytical, and able to communicate outputs clearly and simply.
• You build collaborative relationships and demonstrate the ability to influence across the business - you make change happen by working well with others.
• You're a customer-centric and can view what you do through customer’s eyes - while remaining commercially astute.
• Your colleagues know you as being a clear communicator, and someone who can present persuasively and explain why something is important.
• You’re curious - you like to keep up to date with technical developments in the insurance industry.

What We’re Looking For

• You’ll be working closely with the Head of Reserving, providing support on reserving analyses, methodology development, and strategic actuarial initiatives.
• You have strong commercial experience in an actuarial role, preferably in personal or commercial lines insurance with a focus on reserving or claims analytics.
• You’ll have strong skills in technical modelling and statistical analysis relevant to reserving, development pattern analysis, and assumption setting.
• You’re up to date with technical developments in the insurance industry and best practices in actuarial reserving methods.
• You can collaborate with cross-functional teams to ensure real time data and effective communication of actuarial insights.
• You're a confident user of tools, systems, and languages such as Excel, ResQ, SQL, R, Python and similar reserving or actuarial software.
• Due to the technical nature of the role, you should have a degree-level qualification (or equivalent) in Mathematics, Science, Engineering, or a related discipline, with a minimum of a 2:1 classification.
• We offer an actuarial study scheme package that is available for the right candidate, but we are very flexible and don’t require you to be training as an actuary to undertake this role

Ways of working

On a typical day you’ll be working from a laptop with a screen, mouse, keyboard, and headset. You’ll be meeting your colleagues on Zoom and keeping in touch regularly via email and Slack too – we’d expect you to be using your computer for around seven hours a day. We’d ask that you have a distraction-free work area and a reliable internet connection with a speed of 25Mbps so you can work effectively. We’ll make sure you have the right home set-up that supports you in the role by providing best-in-class technology, money towards a desk, and vision support.

Inclusion at ManyPets

We promise to give you the same opportunities as everyone else and we won’t discriminate against you at any point in the process. This includes how we source talent, our interview process, our conditions of employment (including pay) and feedback. If you'd like to read more about this, please download our policy.

Reasonable adjustments and support

If you need any help, support, or advice at any point during the hiring process please email . If you want to ask any questions or request an adjustment, please let us know and we'll do what we can to flex our approach.