Actuarial Consultant

Introduction

Indulge your passion for problem-solving and embrace the thrill of addressing risk head-on at Gallagher\’s global brokerage team. Join a family of diverse minds, united by a relentless pursuit of excellence. As part of our team, you\’ll be the architect of protection, safeguarding businesses and empowering their ambitions. Together, we\’ll build a legacy of trust and triumph in the dynamic world of risk management.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Overview

Gallagher Specialty is looking to hire an Actuarial Consultant for their highly dynamic and growing team. The role supports broking divisions by providing analytical services for existing large clients, assisting in tenders and new business activities, and contributing to the development and implementation of new products, including software and technology initiatives. This position is ideal for someone who thrives in a dynamic environment and is skilled in actuarial analysis and consulting.

Primarily the role will support Risk Financing and design Insurance optimisation strategies for large corporate clients. In addition, various Gallagher divisions require a full portfolio statistical/actuarial analysis including but not necessarily restricted to: – Rate analysis and rate adequacy, deductible and lapse impact analysis, exposure analysis regarding accumulation and aggregation issues for underwriters.

How you\’ll make an impact

• Develop statistical models for the frequency and severity of claims to analyse alternative insurance programme structures that may include self-insurance retentions, captive insurance companies or mutual
• Present risk financing outcomes and technical information to a broad audience including risk managers, C-suite execs and brokers.
• Perform Risk Tolerance analysis of financials to help clients understand their ability to withstand insurance losses
• Oversee reserving studies for corporate and public sector clients with large self-insurance retentions.
• Price and design cat-exposed property programmes using RMS and AIR output.
• Provide actuarial input into captive feasibility studies and formation.
• Conduct dynamic financial analysis and capital studies for captives.
• Manage your own time include deadlines and prioritisation of projects.
• Mentor and review work performed by junior colleagues including promoting a curious and learning environment.

Key Characteristics

• Intellectually curious on insurance market development and emerging analytic techniques.
• Comfortable with non-repetitive work and changing stakeholders.
• Adaptable and dynamic.
• Strong project management skills

About you

• Strong communication and presenting skills.
• Knowledge of Specialty insurance lines.
• University degree required in appropriate numerate/quantitative discipline
• Associate or Fellow of the Institute of Actuaries
• Proficiency in Excel, Word and Powerpoint. Working knowledge of wither Python or R.
• Exposure to cat modelling software (RMS, AIR) would be beneficial.

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits.

Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

• Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ extra days
• Defined contribution pension scheme, which Gallagher will also contribute to
• Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
• Income protection, we’ll cover up to 50% of your annual income, with options to top up
• Health cash plan or Private medical insurance

Other benefits include:

• Three fully paid volunteering days per year
• Employee Stock Purchase plan, offering company shares at a discount
• Share incentive plan, HMRC approved, tax effective, stock purchase plan
• Critical illness cover
• Discounted gym membership, with over 3,000 gyms nationally
• Season ticket loan
• Access to a discounted voucher portal to save money on your weekly shop or next big purchase
• Emergency back-up family care
• And many more…

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.

Should you require reasonable adjustments to your application, please get in touch with . If you’d prefer to speak on the phone, please request a call back, leaving details, so we get in touch.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

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