Senior Actuarial Analyst - Pricing Model Development & Analytics

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

To assist in delivering the priorities of the Actuarial team by providing a high quality and effective actuarial service that looks to achieve solutions for complex technical challenges. Through the design, development and enhancement of tools and analytical reports, and undertaking data analysis to help understand and shape potential solutions to support the strategic objectives of the company through achieving plan loss ratios for Aspen whilst adhering to actuarial techniques and any other considerations. The role requires the ability to appropriately interact and collaborate with relevant stakeholders, both within and outside Actuarial, and to propose suitable ways of addressing any feedback. To develop a fundamental understanding of the Reinsurance Pricing Platform and associated coding languages used to deliver tools and reports to stakeholders to enable appropriate design and testing.

Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Key Accountabilities

• Contributes to the preparation and implementation of the Modelling team plans.
• Contribute 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 personal and team objectives.
• Performs, analyses and documents conclusions as well as making recommendations to assist Actuarial management with making sound business decisions, as directed.
• Provide appropriate level of documentation and training to all users of actuarial work, in line with professional standards, internal standards and regulatory requirements.
• Acts in accordance with and is an advocate of the Aspen Principles & Values.
• Performs appropriate checks within processes to minimize errors and inaccuracies and verify data reconciliations.
• Assists in wider initiatives, as required, and prioritised by Actuarial Management to align to business need.
• Contributes to improving the Aspen actuarial process.
• Undertake investigations of data and technical issues to identify misuse or to identify training needs, as required.

Knowledge, Skills, & Experience

• Good understanding of financial services industry best practice in actuarial analysis, model development and underwriting.
• Develop a good understanding of Aspen insurance and business processes.
• Strong knowledge of actuarial analysis, modelling, and communication.
• Proven knowledge and capability in applying industry and marketplace knowledge in shaping actuarial and underwriting strategy.
• Demonstrate a degree of understanding of coding, database design & effective process flow.
• Good knowledge of MS Excel (essential).
• Knowledge of programming languages such as VBA, SQL, Python, C#, R, T# etc advantageous.
• Previous experience of working in HX Renew advantageous.
• Good working knowledge of MS Access, MS PowerPoint, and MS Word advantageous.
• Good progress and/or commitment towards becoming a qualified Actuary accredited by Institute of Actuaries or equivalent body.
• Familiarity with technical concepts and practices in Reinsurance Pricing required.

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.