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- Tasks: Support actuarial services, analyse data, and help make informed business decisions.
- Company: QBE is a global insurer with a strong local presence in 27 countries.
- Benefits: Enjoy flexible working, 30 days holiday, and comprehensive health insurance.
- Why this job: Join a diverse team focused on innovation and making a real impact in the insurance industry.
- Qualifications: Actuarial exam progress and experience in Reserving within London Market General Insurance are preferred.
- Other info: Hybrid work model available; we value diversity and inclusion in our workplace.
The predicted salary is between 48000 - 84000 £ per year.
To support the provision of a range of Actuarial services to help ensure that business decisions are made using the best possible quantitative information and support.
In this role, you will maintain close working relationships with the Underwriting divisions, Claims, Reinsurance and Finance in order to gain a thorough understanding of the portfolios and their drivers of profitability. The Actuarial department strives for continuous improvement. We are supported by a dedicated combined in-house development team for database and system maintenance and development. This enables the teams to spend less time processing data and more time on analytical thinking.
Main responsibilities:
- Good quality data provides the bedrock of any solid actuarial analysis – you will spend time preparing, validating, and analysing data for use in models.
- Use your growing actuarial knowledge to help make parameterisation decisions e.g. how volatile should a particular distribution be? How much can we rely on the historical claims data when trying to model the future?
- Help to calibrate and run models (e.g. reserving models, capital models etc.) and then analyse the outputs to make sure the results make ‘real-world’ sense.
- Use the outputs of these models to help the company make better decisions e.g. should we buy an additional layer of reinsurance coverage or not? Should we continue writing a particular type of insurance business?
- Reserving: support half yearly reserve assessments, monitoring performance with interim analyses including actual vs expected and portfolio analysis. Helping to provide business analysis/MI for reports and accounts.
- Capital Modelling: assist in the preparation of Reserve Risk and Underwriting Risk parameterisation.
- Ensure to maintain the high standards of the actuarial profession by complying with all relevant actuarial standards and good practice, legal and regulatory requirements.
About You
We’re looking for someone who’s currently working through their actuarial exams and has some experience in Reserving ideally from within London Market General Insurance.
Skills you’ll need:
- Communicate information in a clear, well-organised and professional manner.
- Comfortable in building and maintaining strong relationships both internally and externally.
- Ability to work independently.
- Strong skills in Excel and other analytical tools.
- Comfortable working with and interpreting numerical data.
- Ability to organise own work to meet deadlines.
- Demonstrated interest in enhancing knowledge; seeks opportunities to learn and grow.
QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job. We have adopted flexible working across the company and welcome this conversation.
To find out more about why you should work for QBE, visit our careers website.
Senior Actuarial Analyst employer: QBE Insurance Group
Contact Detail:
QBE Insurance Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in actuarial science, especially in reserving and capital modelling. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals in the London Market General Insurance sector. Attend industry events or webinars where you can meet current employees of QBE or similar companies, as personal connections can often lead to job opportunities.
✨Tip Number 3
Prepare to discuss specific examples of how you've used data analysis to influence business decisions in your previous roles. Being able to articulate your analytical thinking process will set you apart from other candidates.
✨Tip Number 4
Showcase your soft skills, particularly in communication and relationship-building. Since the role involves working closely with various departments, emphasising your ability to collaborate effectively will be crucial.
We think you need these skills to ace Senior Actuarial Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial reserving and any progress you've made with your actuarial exams. Use specific examples that demonstrate your analytical skills and ability to work with data.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention how your skills align with the responsibilities outlined in the job description, particularly your experience with data preparation and model calibration.
Showcase Your Analytical Skills: Provide examples of past projects or experiences where you used your analytical skills to solve problems or improve processes. This could include any relevant coursework, internships, or previous job roles.
Proofread Your Application: Before submitting, carefully proofread your application materials. Look for any spelling or grammatical errors, and ensure that your documents are well-organised and professional. A polished application reflects your attention to detail.
How to prepare for a job interview at QBE Insurance Group
✨Showcase Your Actuarial Knowledge
Be prepared to discuss your understanding of actuarial principles, particularly in reserving and capital modelling. Highlight any relevant experience you have, especially if it relates to the London Market General Insurance.
✨Demonstrate Analytical Skills
Expect questions that assess your analytical thinking. Be ready to explain how you've used data to make decisions in past roles, and provide examples of how you've validated and analysed data for actuarial models.
✨Communicate Clearly
Since the role involves collaboration with various departments, practice articulating complex actuarial concepts in a clear and professional manner. This will show your ability to build strong relationships internally and externally.
✨Prepare Questions About Company Culture
QBE values diversity and inclusion, so prepare thoughtful questions about their workplace culture. This shows your interest in their values and helps you determine if it's the right fit for you.
