At a Glance
- Tasks: Analyse claims reserves and provide insights to enhance our insurance offerings.
- Company: Join 1st Central, a top-rated insurance company with a focus on innovation.
- Benefits: Enjoy flexible hybrid working, competitive salary, and a supportive team environment.
- Other info: Collaborative culture with opportunities for career growth and development.
- Why this job: Make a real impact in the insurance industry while developing your analytical skills.
- Qualifications: Degree in a mathematical or science-based discipline and strong data analysis skills.
The predicted salary is between 30000 - 40000 £ per year.
We’re 1st Central, a market-leading insurance company utilising smart data and technology at pace. Rapid growth has been based on giving our 1.4 million customers exactly what they want: great value insurance with an excellent service. And that’s the same for our colleagues too; we won Insurance Employer of the Year at the British Insurance Awards 2024 and our Glassdoor score is pretty mega too!
1st Central are seeking an Actuarial Reserving Analyst who will provide analysis and insight on claims reserves, assisting in calculating an appropriate Best Estimate claims reserve for Motor and Home classes of business and making recommendations to senior members of the Reserving team. You will also be required to analyse detailed claims and premium data to be used within the actuarial reserving analysis.
We’re big on flexible hybrid working. Our teams are based across Salford Quays (Manchester), Haywards Heath (West Sussex), and Gibraltar. We primarily work from home but value collaboration, so we come together in person to keep ideas flowing, typically once a week or fortnight. Prefer being in the office more often? That works for us too.
We’re looking for someone who has:
- Technical & Systems Skills: Advanced MS Office skills, particularly Microsoft Excel skills; any experience of using actuarial and data software such as ResQ is highly advantageous.
- Data & Statistical Analysis: Strong data analysis skills, with the ability to create and adapt reports and apply appropriate statistical techniques based on the scenario. Experience with data analysis tools (e.g. SAS, R, Python) and Excel, including methods such as linear regression.
- Analytical Thinking & Problem-Solving Skills: Strong analytical and numerical skills, with a logical approach to problem solving.
- Industry Experience: Some experience of working within a personal lines insurance company, with exposure to Motor and/or Home lines of business.
- Education & Qualifications: Degree in a mathematical or science-based discipline.
Data-Driven Actuarial Reserving Analyst (Hybrid) in Manchester employer: 1st Central
At 1st Central, we pride ourselves on being an award-winning employer that values both our customers and our colleagues. With a strong focus on flexible hybrid working arrangements and a collaborative culture, we offer exceptional growth opportunities in the heart of Salford Quays, where innovation meets community. Join us to be part of a dynamic team that not only excels in the insurance industry but also prioritises employee satisfaction and development.
StudySmarter Expert Advice🤫
We think this is how you could land Data-Driven Actuarial Reserving Analyst (Hybrid) in Manchester
✨Tip Number 1
Network like a pro! Reach out to current or former employees at 1st Central on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your data analysis skills. Be ready to discuss how you've used tools like Excel, SAS, or Python in past roles. We want to see your analytical thinking in action!
✨Tip Number 3
Show off your problem-solving skills during interviews. Think of specific examples where you tackled complex issues in your previous jobs, especially in the insurance sector. We love hearing about real-life scenarios!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our awesome team at 1st Central.
We think you need these skills to ace Data-Driven Actuarial Reserving Analyst (Hybrid) in Manchester
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Data-Driven Actuarial Reserving Analyst. Highlight your experience with data analysis and any relevant software skills, especially in Excel and actuarial tools like ResQ. We want to see how your background fits perfectly with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills align with our needs. Don’t forget to mention your experience in personal lines insurance and your analytical prowess – we love a good story that connects the dots!
Show Off Your Analytical Skills:In your application, be sure to showcase your analytical thinking and problem-solving skills. Give examples of how you've tackled complex data challenges in the past. We’re all about data-driven insights, so let us know how you’ve used data to make informed decisions!
Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s super easy and ensures your application gets to the right place. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at 1st Central
✨Know Your Numbers
Brush up on your data analysis skills before the interview. Be ready to discuss how you've used tools like Excel, SAS, or R in past roles. Prepare specific examples of how you’ve applied statistical techniques to solve problems, especially in the context of claims reserves.
✨Understand the Business
Familiarise yourself with 1st Central and its approach to insurance. Research their products, particularly in Motor and Home insurance. This will help you tailor your answers and show that you're genuinely interested in the company and its mission.
✨Prepare for Technical Questions
Expect questions that test your technical knowledge and analytical thinking. Practice explaining complex concepts in simple terms, as you may need to communicate your findings to non-technical team members. Think about how you would approach a problem using logical reasoning.
✨Showcase Your Collaboration Skills
Since the role involves hybrid working and collaboration, be prepared to discuss how you work effectively in teams. Share examples of how you’ve contributed to group projects or how you’ve maintained communication while working remotely. Highlight your adaptability to different working environments.
