At a Glance
- Tasks: Join our three-year rotational programme and dive into exciting actuarial projects.
- Company: AXIS Capital, a global leader in specialty insurance and reinsurance.
- Benefits: Paid study leave, financial support for exams, competitive salary, and comprehensive benefits.
- Other info: Work in a dynamic team with opportunities for growth and development.
- Why this job: Shape your actuarial career while learning from industry experts in a supportive environment.
- Qualifications: First class or 2:1 degree; strong numeracy and analytical skills.
The predicted salary is between 30000 - 40000 £ per year.
This is your opportunity to join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry.
At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.
The Actuarial Graduate Programme is a three-year rotational programme committed to helping you grow throughout your career within the insurance industry. As a Graduate Actuarial Analyst, you will play a crucial role getting involved in front line actuarial work and developing an understanding of key actuarial techniques. While rotating through three actuarial departments, this programme will help you develop a core knowledge of actuarial concepts, fundamental analytical skills, and project management experience.
You will take on key roles in various projects and communicate with senior Actuaries. You will also engage proactively with other professionals and actuarial management to achieve desired business outcomes. Join us at Axis where you’ll have the opportunity to shape your actuarial career, learn, grow, and have fun in the process.
What will you do in this role?
- You will gain exposure to at least two of the following areas:
- Pricing / Pricing Analytics / Portfolio Management: Assist in insurance pricing and analysis in order to communicate and explain outputs from pricing tools, support development and testing of pricing platforms, conduct detailed reviews within classes of business to objectively assess profitability, create, analyse, and manipulate SQL databases to support portfolio management, monthly reporting and ad-hoc requests, collaborate with underwriters, catastrophe modellers and pricing actuaries to develop rating models and methods, deliver relevant data and insights to inform decision making, assist with preparing regular portfolio management MI and with preparing business plan review materials.
- Capital Modelling: Actuarial modelling and testing, work with capital modelling team to improve risk parameterisation and methodology, assist the capital modelling team in maintaining and enhancing the capital model.
- Regulatory Reserving: Carry out a first cut of reserve projections for a selection of classes, support the reserving process including pack production, providing support for Lloyd’s submissions and the Standard Formula.
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You:
- Excellent communication and interpersonal skills
- Thoroughness and attention to detail
- Ability to document work appropriately
- Ability to work well in a team
- Self-starter and a quick learner with strong numeracy skills
- Willing to question and investigate
- Strong data analytical skills
- Interest in the insurance industry
What you need to have:
- First class or 2:1 university degree
What we prefer you to have:
- Experience within the insurance industry either academically or through prior internships.
- Familiarity with SQL, VBA, R, Microsoft Office is preferable.
Role Factors:
- Be in the office 3 days per week, or when required as per your manager.
What we offer:
During these 3 years you will be eligible for the Actuarial Study Program which includes paid study leave for up to 40 days a year, financial support for the cost of course materials and exam fees, and salary increases for passed exams. Additionally, you will be provided a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
This posting is for an existing vacancy.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Graduate Analyst in London
✨Get Clued Up on Insurance Events
Join local insurance events or workshops to network and soak in knowledge about the industry. It's a great way to meet potential employers, like Axis, and show off your enthusiasm for the field. Plus, you’ll gain insights that'll make you stand out during your interviews!
✨Tap into Your University’s Resources
Many universities offer career services specifically tailored for students looking for trainee roles in insurance. Make sure to utilise these—they can connect you with alumni in the industry or help you snag those hidden opportunities that aren't advertised widely!
✨Showcase Your Knowledge
Start a blog or social media account where you can share insights about current trends in insurance. This demonstrates your passion and keeps you in the minds of recruiters at places like Axis. A personal touch always helps in making a memorable impression!
✨Apply Through Our Website & Make It Personal
Don’t just hit 'apply' on the Axis website. Tailor your application to highlight your interest in the insurance sector and showcase any relevant projects or experiences. A few personal touches can go a long way in landing that trainee spot!
We think you need these skills to ace Actuarial Graduate Analyst in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, analytical skills are a must. Make sure to showcase any relevant coursework or projects where you've solved complex problems or worked with data. This can really set you apart, especially in your CV or cover letter!
Show Your Interest in the Sector:For a trainee role, it’s super important to demonstrate your genuine interest in insurance. Talk about any internships, part-time jobs, or relevant studies that have sparked your passion for this field. We want to see that you're eager to learn and grow with us at Axis!
Tailor Your Cover Letter to the Role:Your cover letter should reflect your enthusiasm for the trainee position at Axis. Use it to explain why you're excited about a career in insurance and what you hope to learn during your time with us. Make it personal and engaging—it’ll catch our eye for sure!
Include Relevant Certifications or Courses:Even as a trainee, any extra certifications or courses related to insurance can really boost your application. Whether it's online courses or workshops, throw them in your CV to show us that you’re proactive about your professional development. It’ll demonstrate your commitment to stepping into this industry with enthusiasm!
How to prepare for a job interview at Axis
✨Understand the Basics of Insurance
Since you're interviewing for a trainee role in insurance, it’s vital to brush up on the key concepts in the industry. Familiarise yourself with terms like underwriting, risk assessment, and claims processing. It shows your genuine interest and helps you answer those technical questions more confidently.
✨Prepare for Scenario-based Questions
Expect scenario-based questions during your interview! They might dive into how you would handle specific insurance situations or customer complaints. Think about examples from your studies or past experiences where you demonstrated problem-solving and customer service skills. They're looking for how you approach issues in a practical setting.
✨Focus on Your Learning Potential
As a trainee, your eagerness to learn is key. Be ready to discuss what excites you about the insurance field and how you plan to grow within the role at Axis. Highlighting your adaptability and willingness to learn will make a great impression.
✨Show Your People Skills
Insurance is all about building relationships, whether it's with clients or colleagues. Prepare to share experiences where you’ve effectively communicated or worked as part of a team. Remember, your soft skills are just as important as your technical knowledge in this industry!
