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 assist in delivering the strategic objectives of the Actuarial team and to provide a high quality and effective actuarial service, in line with the actuarial business plan and broader strategic objectives within Aspen.
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 Corporate Reserving Actuarial Analyst within the global actuarial function:
- Demonstrate understanding of the day-to-day application of actuarial techniques in reserving and best practice in the preparation of the Solvency 2 technical provisions.
- Preparation of the Solvency 2 technical provisions for the UK entities. This will potentially involve consideration of entities outside of the UK.
- Supporting the UK Actuarial function with various MI requirements that arise from the relevant UK management committees.
- Assist in the review of results from the annual external reserve review.
- Understand the importance of, and contribute to, effective collaboration with the relevant business functions (to include but not limited to actuarial reserving,
- actuarial pricing, actuarial modelling, capital modelling, underwriting, claims, finance) and contribute to the implementation of process improvements and recommendations being cascaded down from actuarial senior leadership.
- Assist in the preparation of the AFH reports for the UK Entities.
- Assist in actuarial projects arising from the recommendations of the Actuarial function.
- Support the Actuarial function with the analysis required to review the business plan for the reserving sign off.
- Support the functions understanding and effective articulation of the legal and regulatory demands that impact the actuarial team, and the broader business, to contribute to decision making with regards to technical actuarial issues, risk appetite and underwriting strategy.
- Contribute to a collaborative, values driven team culture.
Skills & experience
Knowledge
- Good understanding of financial services industry best practice in actuarial analysis, modelling 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.
- Assist in the annual planning process as directed
Skills
- Effective communication/interpersonal skills
- Good influencing and negotiation skills
- Ability to conceptualise in solving specific problems
- Strong data analytics and data manipulation skills
- Good organisation and planning skills to meet deadlines
- Attention to detail
- Inquisitive and investigative skills
- Proficient user of Microsoft Office, specifically Microsoft Excel
- Knowledge of programming languages such as VBA, SQL, Python, C#, R etc advantageous
Experience
- BSc in Mathematics, Statistics, Economics, Actuarial Science, Computer Programming or similar
- Recognised actuarial qualification (FIA or equivalent) or progress towards becoming a qualified Actuary accredited by Institute of Actuaries or equivalent body
- Familiarity with technical concepts and practices in the US admitted and E&S Markets / London Market / UK Commercial Lines Insurance / Financial & Professional Lines Insurance advantageous
- 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
- Independent challenger - ability to innovate and challenge, utilising consultative questioning, current norms to drive change within the global actuarial function, and work with people of varying backgrounds and organisational levels
- Knowledgeable practitioner – deals confidently with uncertainty, leans into difficult conversations while lowering the pressure of resistance
- Strong problem-solving skills with the ability to think, influence and act strategically
- Effective communicator – structures insights into clear messages and effectively engages others within group actuarial function, as well as internal stakeholders, professional and regulatory bodies
- Change agent – leverages a skilful understanding of persuasion and influence, knowing which techniques to deploy while remaining a trusted advisor to Group ExCo and the Board
Corporate Reserving 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.
