About us
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 provide high quality actuarial/modelling work using appropriate methods, systems and platforms in support of the actuarial function achieving its strategic objectives, and overall company ambition to achieve sustainable portfolios and profitable growth.
Our Aspen Values are expected to be reflected in the delivery and performance of every role.
Key accountabilities
Specific accountabilities assigned to the role of Actuarial Risk Analyst – Pricing within the global actuarial function:
- Partner with team members to develop a thorough understanding of actuarial ratemaking and pricing principles with the intention to apply this knowledge to appropriate tasks with guidance, as and when required.
- Develop an understanding of coverage within the context of pricing
- With appropriate guidance and support, develop a basic understanding of how-to analysis profitability and recommend changes with guidance to enhance profitability of line of business/placement
- Assist peers and actuaries with the analysis and updating of pricing parameters as directed
- Support and participate in client, Broker, and other external meetings to enhance analysis and support underwriting and the Ceded reinsurance Department efforts as directed.
- Perform ad hoc actuarial calculations and analysis with guidance as directed
Skills & experience
Knowledge
- Develop a good understanding of financial services industry best practice in actuarial analysis, modelling, and underwriting
- Develop a good understanding of Aspen insurance and business processes
- Develop a good understanding of compliance issues
- Develop skills in actuarial analysis, modelling, and communication
- Ability to apply industry and marketplace knowledge in shaping actuarial and underwriting strategy.
- Assist in the annual planning process as directed
Skills
- Good interpersonal and communication skills.
- Good organisational skills.
- Able to work independently and as part of a team.
- Proficient in MS Office applications; Word, Excel, and PowerPoint.
- Able to manage conflicting priorities to achieve deadlines.
- Ability to plan effectively and efficiently.
- Attention to detail.
- Inquisitive and investigative skills.
Experience
- Strong academic record in Mathematics, Statistics, Economics or Actuarial Science
- Capable and willing to work towards a recognised qualification relevant to the role and function
- Experience of working within a corporate environment
Other
Desirable personal attributes aligned to what success looks like in the role:
- Intellectually curious – to have an inquisitive mind that asks ‘what does this mean?’, and explore what is going on behind the numbers
- Ability to innovate and work with people of varying backgrounds and organisational levels
- Knowledgeable practitioner – capable of dealing with uncertainty, be curious with the data and willing to explore
- Organised with a demonstrated ability to multi-task, analyse and problem solve, seeking guidance and support when needed
- Good problem-solving skills with the ability to think and influence others in the team
- Effective communicator – structures insights into clear messages and effectively engages others both in and outside of the actuarial function
- Comfortable with change – be curious and open minded, ask questions to understand different perspectives and influence
Actuarial Analyst in London employer: Aspen Insurance
Aspen is an exceptional employer that fosters a dynamic and inclusive work environment, where respect, honesty, trust, and professionalism are at the core of our values. As an Actuary in our UK Actuarial Function, you will have the opportunity to engage in meaningful projects, develop your skills, and collaborate with talented colleagues while being rewarded for your achievements. Our commitment to employee growth and a supportive culture makes Aspen a fantastic place to advance your career in the insurance industry.
