Actuary - UK Actuarial Function in London

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism. Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

The Role

We are recruiting for an Actuary to join our UK Actuarial Function, to assist with BAU and projects within the department! Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Key Accountabilities

• Contributes to the tactical Actuarial plan and provides support to others to achieve positive results for the business in line with strategy.
• Contribute to shaping Actuarial strategy and provide tactical leadership and support to colleagues to achieve positive results for the business in line with strategy.
• Contributes to the delivery of key Actuarial projects in line with Actuarial strategic vision.
• Determines own work priorities and activities in line with agreed plans to ensure the achievement of the function's objectives.
• Provide appropriate level of governance, as well as documentation/training material for the specific work being undertaken, in line with professional standards and/or Aspen specific standards and regulatory requirements.
• Develop, maintain and validate actuarial systems, data, reporting and procedures to ensure that these are aligned with business needs and fit for purpose.
• Build and maintain relationships with internal and external stakeholders to improve customer focus and to be the primary point contact for relevant business units in relation to actuarial services.
• Collaborate effectively with colleagues and third parties from actuarial and other disciplines to achieve successful outcomes.
• Provide and participate in feedback and cross training to/from other members of Actuarial, as required.
• Assist in wider initiatives, as required, and prioritised by Senior Actuarial Management, in line with business needs.
• Network within Actuarial functions, and counterparts within Aspen, around the world, to encourage the sharing and adopting of best practice.
• Specify approaches, structure, and associated testing of actuarial analysis, as required.
• Maintain and develop actuarial best practice in line with the strategic priorities of the business.
• Identify areas for process or actuarial methodology improvement and create cases for these to be implemented as appropriate.
• Enhance organizational initiatives by positively influencing and supporting change management initiatives within assigned areas of responsibility.

Knowledge, Skills and Experience

• Previous experience in an actuarial role in general insurance.
• Good knowledge of actuarial analysis across pricing, reserving and model development.
• General experience in insurance industry involving data/analysis/systems/projects.
• Preferred area of studies in a field where analytical and problem-solving skills were fundamental and clear written and verbal communication skills were encouraged.
• Established knowledge of actuarial techniques used for pricing and/or reserving insurance.
• Proficient user of simulation techniques and other actuarial techniques used for pricing loss sensitive product features.
• Good understanding of financial services industry best practice in actuarial analysis, modelling, and underwriting.
• Effective communication ability to persuade and influence both directly and indirectly.
• Good knowledge of MS Excel and other analytical tools.
• Ability to conceptualise in solving specific problems.
• Excellent in the use and interpretation of numerical data.
• Ability to work within defined procedures as recommended by functional teams.

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.