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- Tasks: Join us as a Senior Actuarial Analyst, tackling insurance pricing models and enhancing client solutions.
- Company: We're a dynamic insurtech scale-up with Series A funding, ready to revolutionise the insurance sector.
- Benefits: Enjoy opportunities for remote work, advanced qualifications, and a vibrant company culture.
- Why this job: Be part of an innovative team shaping the future of insurance in the London market.
- Qualifications: BSc/MSc in analytical subjects; insurance experience is essential, especially in the London Market.
- Other info: Gain advanced BA qualifications and develop your project management skills while making a real impact.
The predicted salary is between 36000 - 60000 £ per year.
My client is a vibrant scale-up who have secured Series A funding and are looking to expand greatly over the coming years. They specialise in the insurance sector and are in need of an additional Senior Technical Analyst/Actuarial Analyst with plenty of experience in the insurance space to help them develop their two key products.
Summary of role:
The Senior Analyst is responsible for reviewing assigned client business processes from end-to-end to identify and address operational, financial and technological risks. Identify opportunities to improve efficiency. Liaise with software team to provide the most efficient solution. Creating pricing models in Excel, Python and R that can be used as templates for clients who do not have this capacity. This role will work in the General Insurance space, specifically helping them to develop their product for the insurance markets of Reinsurance and the London market.
Experience of:
- BSc or MSc in analytical subject e.g. Mathematics, Sciences, Engineering is required
- Insurance - either in an underwriting, actuarial or systems capacity a must
- Prefer London Market or large Reinsurance experience either directly within Lloyd’s or one of the Managing Agents or Delegated Authorities
- Advanced knowledge of MS Excel including VBA and User Defined Functions is essential
- Insurance/actuarial pricing model techniques preferred
- R or Python experience beneficial but not required
- Experience and knowledge of Behaviour-Driven Development (BDD) in Gherkin syntax beneficial
- Product development and the life cycle of a software product
- Ticket tracking software such as JIRA and Agile workflows
- Populating backlogs and building/planning sprints
Tasks involved:
- Requirements gathering using appropriate technique(s) including:
- Facilitating requirements workshops with business stakeholders
- Provide diagrams and other visual aids to clearly communicate concepts
- Ask clarifying questions to ensure understanding and tease out implicit requirements
- Document and communicate the outcomes of the workshop in specifications and BDD documentation
- 1:1 Interviews
- Converting existing, complex pricing models clients have created in Excel (VBA), Python and R into our proprietary solutions
- Creating models that can be used as templates in similar that can be used by less sophisticated clients that do not have them ready to go.
- Creating custom models/raters in similar from underwriter guidelines and rules.
- Orchestrating pricing workflows between a combination of the above.
Additional skills and qualifications you will develop as a Business Analyst and into future roles:
- Continue to develop your understanding of the dependencies between elements of a project through running daily meetings with developers, business analysts and clients.
- Be able to understand client priorities and how these relate to software deliverables through running meaningful and structured meetings
- Client/project management skills required to keep clients happy and projects on track
- Advanced BA qualifications provided and funded depending on your specialisation (industry specific, project management, product development etc.)
- Actuarial qualifications provided and funded.
- Advanced product/project management skills based on the path taken
Contact Detail:
The Workplace Consultancy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst - Insurtech - Reinsurance and the London market (pricing) ...
✨Tip Number 1
Familiarise yourself with the specific requirements of the London market and reinsurance. Understanding the nuances of these sectors will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your Excel skills, especially VBA and User Defined Functions. Since advanced knowledge in these areas is essential for the role, being able to showcase your proficiency can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the insurance and actuarial fields, particularly those with experience in the London market. Engaging with industry experts can provide valuable insights and potentially lead to referrals.
✨Tip Number 4
Prepare to discuss your experience with pricing models and any relevant software development methodologies like Agile or BDD. Being able to articulate your past projects and how they relate to the job will show your readiness for the role.
We think you need these skills to ace Actuarial Analyst - Insurtech - Reinsurance and the London market (pricing) ...
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the insurance sector, particularly in actuarial roles. Emphasise your skills in pricing models, Excel, Python, and R, as well as any experience with the London market or reinsurance.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurtech industry and your understanding of the company's goals. Mention specific projects or experiences that align with the role's requirements, especially in product development and stakeholder management.
Showcase Technical Skills: In your application, clearly outline your technical skills, particularly your advanced knowledge of MS Excel, VBA, and any experience with Python or R. Provide examples of how you've used these skills in previous roles to create pricing models or improve efficiency.
Highlight Communication Abilities: Since the role involves liaising with various teams, emphasise your communication skills. Include examples of how you've successfully managed stakeholder expectations and documented requirements in past projects.
How to prepare for a job interview at The Workplace Consultancy
✨Showcase Your Technical Skills
Make sure to highlight your experience with Excel, Python, and R during the interview. Be prepared to discuss specific projects where you've created pricing models or used advanced functions, as this will demonstrate your technical proficiency.
✨Understand the Insurance Market
Familiarise yourself with the London market and reinsurance concepts. Being able to discuss current trends or challenges in the insurance sector will show that you are engaged and knowledgeable about the industry.
✨Prepare for Stakeholder Management Questions
Since the role involves liaising with various stakeholders, be ready to share examples of how you've managed expectations and communicated requirements effectively in past roles. This will illustrate your ability to navigate complex project dynamics.
✨Demonstrate Problem-Solving Abilities
Be prepared to discuss how you've identified operational or technological risks in previous positions and the steps you took to address them. This will showcase your analytical skills and your proactive approach to improving efficiency.
