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- Tasks: Join our team to analyse and improve actuarial services for Solvency II and IFRS17.
- Company: RSA is a leading insurance provider, part of the Intact family, with a strong presence in Europe and North America.
- Benefits: Enjoy hybrid working, opportunities for growth, and be part of a transformative journey.
- Why this job: Be integral to shaping the future of insurance while working with innovative technologies and techniques.
- Qualifications: Ideal for actuarial trainees or part-qualified actuaries looking to advance their careers.
- Other info: Flexibility required during quarter-end bookings; collaborate with a global team.
The predicted salary is between 36000 - 60000 £ per year.
Introduction At RSA, we believe insurance is about people, not things. We provide our inspiring colleagues the support and opportunity to grow together, shape the future, and win as a team. We are going through a transformation journey, providing our people with opportunity to be integral to improving our service and delivering better products to brokers and customers. We are a proud member of the Intact family, we feel part of something bigger, with a presence in North America, the UK and Europe. We have a bold ambition to become the best Commercial Lines business in the UK, demonstrated by our recent acquisition of NIG and Farmweb, allowing us to scale by leveraging our combined financial strength and importantly ensure our people feel the benefits of our joint capabilities. We are currently recruiting for a Project Actuarial Analyst to join our team here at RSA on a hybrid basis. Your role The key purpose of your role is to be part of the team that prepares, analyses, calculates, improves, validates and reports on all Solvency II/UK and IFRS17 aspects of our reserves and technical provisions outside the actuarial analysis covering IELR calibration, actuarial indication patterns and methodology in the reserve review and roll-forward booking. The other main purpose of this role is to work as part of the team responsible for all project, development and improvement work within the Corporate Actuarial function. This is the work to drive change through new technologies, techniques and ways or working to relentlessly improve our actuarial services. The working day timetable requirements around the SII/UK and IFRS17 booking responsibilities, combined with the global nature of our team, will require occasional working day/hour flexibility particularly at quarter-end booking. Analysts will typically be around the actuarial trainee or part-qualified actuary level, whereas Reserving Consultants will typically be around the nearly or newly qualified actuary level. The key difference is Consultants will be able to work with increased responsibility and require less direction. Consultants will be expected to guide and support Analysts in achieving their objectives.41bf1e1f-b16b-4260-a40a-17c77a06fd15
Project Actuarial Analyst (SII & IFRS17) (IT) employer: RSA
Contact Detail:
RSA Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Project Actuarial Analyst (SII & IFRS17) (IT)
✨Tip Number 1
Familiarise yourself with Solvency II and IFRS17 regulations. Understanding these frameworks will not only help you in interviews but also demonstrate your commitment to the role and the industry.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work in project roles. Engaging with them on platforms like LinkedIn can provide insights into the company culture and expectations for the Project Actuarial Analyst position.
✨Tip Number 3
Showcase your analytical skills through practical examples during discussions. Be prepared to talk about specific projects or experiences where you've successfully applied analytical techniques relevant to actuarial work.
✨Tip Number 4
Research RSA's recent projects and transformations. Being knowledgeable about their current initiatives will allow you to ask informed questions and show your genuine interest in contributing to their goals.
We think you need these skills to ace Project Actuarial Analyst (SII & IFRS17) (IT)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Project Actuarial Analyst at RSA. Familiarise yourself with Solvency II and IFRS17 concepts, as well as the specific tasks mentioned in the job description.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the role. Emphasise any actuarial qualifications, project work, or experience with financial reporting standards that demonstrate your suitability for the position.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also reflects your understanding of RSA's mission and values. Mention how you can contribute to their transformation journey and improve their actuarial services.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for spelling and grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail, which is crucial in actuarial roles.
How to prepare for a job interview at RSA
✨Understand the Role
Make sure you have a solid grasp of what a Project Actuarial Analyst does, especially in relation to Solvency II and IFRS17. Familiarise yourself with the key responsibilities mentioned in the job description, as this will help you demonstrate your knowledge and enthusiasm during the interview.
✨Showcase Your Analytical Skills
Prepare examples from your past experiences where you've successfully analysed data or improved processes. Be ready to discuss specific tools or methodologies you've used, as this role heavily relies on analytical capabilities.
✨Emphasise Teamwork
Since the role involves working within a team, be prepared to talk about your experience collaborating with others. Highlight instances where you've contributed to team projects or supported colleagues, as RSA values teamwork and collective success.
✨Be Ready for Flexibility Questions
Given the nature of the role, you may be asked about your ability to adapt to changing schedules or work hours, especially around quarter-end bookings. Think of examples that showcase your flexibility and willingness to go the extra mile when needed.
