Reinsurance Lead Actuary

Introduction

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you\’ll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

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

To be a key team member of the actuarial team providing expert analytical support to brokers and clients working across a wide range of multinational and Lloyd’s carriers. The successful candidate should be comfortable working across a number of different tasks e.g. pricing, model building, profitability study, dealing with large data sets, as well as making reasonable progress through the actuarial exams. Candidate expected to lead client engagements and support work on larger accounts.

The role is aimed at recently qualified actuaries with a keenness to learn a fast-growing line of business.

How you\’ll make an impact

The Gallagher Re Analytics team currently offers a range of services including, but not limited to:• Exposure and experience based pricing; proportional and non-proportional reinsurance• Dynamic Financial Analysis (DFA) modelling; stochastic modelling to investigate impact of reinsurance structures P&L, Balance Sheet and Capital Requirements.• Optimisation; capital efficiency and return from using reinsurance structures for both prospective and retrospective liabilities.• Benchmarking; compilation, analysis and presentation of product and sector benchmarking.

The candidate is expected to:• Lead client engagement and analytics projects for small and mid-size accounts.• To build effective working relationships within the team, other internal departments and clients.• To act as a point of contact within the department for ownership of processes.• Develop forward thinking research into emerging risks.• To ensure effective and structured verbal and written communication, with the ability to present information in a clear manner and contribute to meetings as required. • To demonstrate a clear understanding of the Actuarial department and the wider business.• To be proactive in seeking opportunities to develop own experience and technical skills wherever possible. • To be effective managing own workload, demonstrating effective prioritisation of tasks and providing regular progress updates against project plan.• To develop and automate new and existing modelling processes• Contribute to RFPs for reinsurance strategies placements• Lead in strategic reviews of both the inwards underwriting and outwards reinsurance strategies for London Market clients • Thought leadership in the development of benchmarking: collation and analysis of pricing, structural and performance benchmarking by line of business.

About you

• Strong analytical skills, ability to apply advanced mathematical / actuarial concepts and techniques to a dynamic environment.• Functional programming skills – R or Python.• Strong interpersonal skills to deal with a wide variety of stakeholders.• Sound oral and written communication skills.• A \’can do\’ attitude and the ability to work across different teams in a transversal manner. • Personable, enthusiastic, ability to summarise and explain key drivers of complex situations in a clear and concise manner.• Ability to manage competing priorities within the Gallagher Re Analytics team. Forward planning (ability to anticipate future outcomes).• Experience of working within an actuarial team within a commercial general insurance company / Lloyd’s Managing Agent is preferable but not essential.

Education/Qualification• University degree required in numerate/quantitative discipline at 2:1 or above, Financial Mathematics, Actuarial Science, Statistics, Quantitative Risk Management, MORSE.• Making good progress towards IFoA qualification or looking to start with a willingness to complete the full qualification.• Excellent IT skills, in particular, MS Excel. Evident proficiency in R and/or Python

Eligibility Requirements• Eligible to work in the UK

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 TAGlobalSupport@ajg.com . 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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