Actuarial Analyst

Key Responsibilities

• Support team members with developing, updating and maintaining actuarial data sources to ensure the data within remains appropriate, accurate and complete, including carrying out appropriate validation checks.
• Identify opportunities and suggest improvements to make better use of data and produce more insightful actuarial analysis.
• Reserving: Contribute to the quarterly and year-end reserving calculations and production of all required Technical Provisions, QRTs and outputs for financial reporting (eg SFCR, financial statements, etc).
• Contribute to regular performance monitoring of insurance schemes, including monthly loss ratio analysis.
• Contribute to the development and embedding of processes to ensure factor reserves and earning patterns are robust.
• Contribute to the production of documented actuarial outputs for sign-off by the Chief Actuary, any relevant committees, and the external auditors (as required).
• Automate processes relating to data preparation and transformation, data visualisation, reporting, etc and generate concise summary dashboards to share with the business.
• Support with reinsurer requests for data and respond to queries promptly.
• Ensure professional qualifications and any CPD requirements are adequately maintained.

Knowledge, skills and experience required

• Studying towards Fellowship of the Institute of Actuaries (FIA) or equivalent actuarial exams.
• 1+ years non-life insurance modelling experience.
• An analytical mindset, commercial awareness and strong written and verbal communication skills.
• An ability to work proactively and autonomously to take ideas from proof of concept through to delivery.

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