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For Companies At a Glance
- Tasks: Support actuarial statistics, risk pricing analysis, and year-end reports in a dynamic insurance environment.
- Company: Join a leading Fortune 500 specialty insurer with a strong reputation in the industry.
- Benefits: Enjoy a competitive salary, annual bonus, 25 days holiday, and comprehensive health benefits.
- Why this job: Perfect for recent grads eager to learn and grow in a supportive, collaborative culture.
- Qualifications: Numerate degree (2:1 or above) and a passion for becoming an actuary required.
- Other info: Study support for actuarial exams and opportunities for career progression.
The predicted salary is between 28800 - 48000 £ per year.
Avencia Consulting is partnering with a leading specialty insurer and Fortune 500 company to recruit an Assistant Actuarial Analyst for their London office. This is an excellent opportunity for a recent graduate aspiring to become an actuary, or for actuaries currently working in life or pensions who are looking to transition into a new sector.
The role
- Assist with the production of Actuarial statistics to other internal departments within a leading international insurer.
- Assist with risk pricing analysis to support profitability.
- Plan and parameterise insurance risk in the capital model.
- Assist with the production of year-end reports, year-end returns and US Trust Fund calculations.
- Analyse the solvency of clients based upon the ratios and thorough analysis, to ensure clients are able to pay off debts.
- Assist with core tasks that support the overall department workload and strategy.
- Support and be proactive with the enhancement of internal processes.
- Attend regular check-ins to review performance so that you have every opportunity to progress and gain more autonomy within your role.
- Commit to studying for actuarial exams.
- Be proactive in developing your own knowledge, relating to both technical and soft skills.
Skills & experience
- Have a numerate degree with a classification of 2:1 or above, or equivalent.
- Be inquisitive and curious about the insurance world.
- Aspire to become an Actuary with a commitment to becoming a student of the Institute and Faculty of Actuaries.
- Be patient, proactive, resilient and hard-working, with a strong eagerness to learn from experienced peers.
- Be confident working with data to formulate calculations related to tasks.
- Be team players who love building relationships, bringing out the best in others, and contributing to an enviable culture.
- Be organised and dedicated, able to self-manage workloads effectively to deliver results in a timely manner.
- Be strong problem solvers, targeting a high level of accuracy when making decisions.
- Be self-motivated and driven individuals, with a willingness to meet and exceed targets.
- Be IT literate, familiar with using Microsoft Office packages such as Word and Excel.
- Have well-developed communication skills to interact effectively within the team, and with underwriters, the finance team, and senior management.
Benefits
- A great starting salary plus annual bonus & strong benefits package.
- 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave.
- Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer.
- Study support package for actuarial exams.
Assistant Actuarial Analyst employer: Avencia Consulting Services
Contact Detail:
Avencia Consulting Services Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Actuarial Analyst
✨Tip Number 1
Familiarise yourself with the insurance industry and current trends. This will not only help you in interviews but also show your genuine interest in the field, which is crucial for an Assistant Actuarial Analyst role.
✨Tip Number 2
Network with professionals in the actuarial field. Attend industry events or join relevant online forums to connect with actuaries and gain insights into their experiences, which can be invaluable during your application process.
✨Tip Number 3
Brush up on your data analysis skills, particularly in Excel. Being confident in handling data and performing calculations will set you apart as a candidate who can hit the ground running in this role.
✨Tip Number 4
Demonstrate your commitment to becoming an actuary by discussing your study plans for actuarial exams. Showing that you are proactive about your professional development can make a strong impression on potential employers.
We think you need these skills to ace Assistant Actuarial Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your numerate degree and any relevant experience or coursework related to actuarial science. Emphasise your analytical skills and any projects that demonstrate your ability to work with data.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the insurance industry. Mention your commitment to becoming an actuary and how you plan to study for the actuarial exams. Use specific examples to illustrate your curiosity and eagerness to learn.
Showcase Relevant Skills: Highlight your IT literacy, particularly with Microsoft Office, and any experience you have with data analysis. Discuss your problem-solving abilities and how you've worked effectively in teams, as these are key attributes for the role.
Proofread Your Application: Before submitting your application, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail and professionalism, which are crucial in the actuarial field.
How to prepare for a job interview at Avencia Consulting Services
✨Show Your Passion for Actuarial Science
Make sure to express your enthusiasm for becoming an actuary during the interview. Discuss any relevant coursework or projects that sparked your interest in the field, and demonstrate your commitment to studying for actuarial exams.
✨Demonstrate Your Analytical Skills
Prepare to discuss specific examples where you've successfully worked with data or solved complex problems. Highlight your ability to analyse information accurately, as this is crucial for the role of an Assistant Actuarial Analyst.
✨Ask Insightful Questions
Come prepared with thoughtful questions about the company and the role. This shows your curiosity about the insurance world and your eagerness to learn more about how the department operates and contributes to the overall strategy.
✨Emphasise Teamwork and Communication
Since the role involves collaboration with various teams, be ready to share experiences where you successfully worked in a team setting. Highlight your communication skills and how you can contribute to building strong relationships within the company.
