At a Glance
- Tasks: Support actuaries in pricing, reserving, and capital modelling while working on exciting projects.
- Company: Join a leading firm in the actuarial field with a focus on innovation.
- Benefits: Competitive salary, study support for professional exams, and a collaborative work environment.
- Why this job: Kickstart your career in actuarial science and make a real impact in the industry.
- Qualifications: Numerate graduate with up to 2 years of experience; coding skills are a plus.
- Other info: Dynamic role with opportunities for growth and development in a supportive team.
The predicted salary is between 28800 - 48000 £ per year.
Main purpose of the job: The Actuarial Analyst will be involved in pricing, reserving and capital modelling, supporting each of the actuaries working in these areas. In addition to this there will be project work and preparing information and data for stakeholders across the business.
Key tasks:
- Involvement in preparing reserving estimates and projections, on an ultimate, GAAP and Solvency II basis for all classes of business.
- Providing support to the Pricing Actuary, helping with case pricing and reviewing pricing model changes.
- Parameterisation and validation work to support the successful delivery of the Internal Model for submission in the LCR.
- Liaise with and provide data and information as requested by internal stakeholders from Claims, Finance, Underwriting and Risk.
- Review of papers and reports.
Key personal skills required:
- Highly numerate graduate (or equivalent) with up to 2 years of experience.
- Knowledge of the actuarial techniques for London market lines of business useful but not essential.
- Knowledge of various IT tools including, but not limited to, Excel, Access, Word.
- Any coding experience would be very useful.
- Able to formulate appropriate judgement based on actively gathering all relevant information and input and defend this judgement when challenged.
- Ability to manage multiple priorities on projects simultaneously.
- Ability to communicate with a number of stakeholders.
- Ability to manipulate and analyse data to identify trends and anomalies, working to a high level of accuracy.
- Work with Finance, Compliance and Underwriting teams in the development of the Actuarial Function.
- Ensure compliance with company and other relevant standards and regulations.
Key technical skills, knowledge and professional qualifications required:
- Self-motivation and the ability to work on projects with little support, highlighting issues or points relevant to reviewers.
- A desire to study for IFoA or similar exams.
- Strong communication skills to effectively manage internal stakeholders of all levels.
Junior Actuarial Analyst /Actuarial Graduate employer: Blenheim
Contact Detail:
Blenheim Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Junior Actuarial Analyst /Actuarial Graduate
✨Tip Number 1
Network like a pro! Reach out to professionals in the actuarial field on LinkedIn or at industry events. We can’t stress enough how valuable personal connections can be in landing that Junior Actuarial Analyst role.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of actuarial concepts. We recommend practising common interview questions and scenarios related to pricing and reserving to show you’re ready to hit the ground running.
✨Tip Number 3
Showcase your coding skills! If you’ve got any experience with IT tools or coding, make sure to highlight that in conversations. We know employers love candidates who can bring that extra tech-savvy edge to the table.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we often have exclusive opportunities listed there that you won’t want to miss out on.
We think you need these skills to ace Junior Actuarial Analyst /Actuarial Graduate
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Junior Actuarial Analyst role. Highlight any relevant experience, especially in pricing, reserving, or data analysis. We want to see how your skills match what we're looking for!
Showcase Your Skills: Don’t forget to showcase your technical skills! Mention your proficiency in Excel, Access, and any coding experience you have. We love seeing candidates who can manipulate and analyse data effectively.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about actuarial work and how your background makes you a great fit for our team. We want to know what drives you!
Apply Through Our Website: Make sure to apply through our website for the best chance of getting noticed. It helps us keep track of applications and ensures you’re considered for the role. We can’t wait to hear from you!
How to prepare for a job interview at Blenheim
✨Know Your Numbers
As a Junior Actuarial Analyst, you'll be dealing with a lot of data. Brush up on your numerical skills and be ready to discuss how you've used them in past projects. Be prepared to explain your thought process when analysing data or making projections.
✨Familiarise Yourself with Key Concepts
Make sure you understand the basics of pricing, reserving, and capital modelling. Review concepts like GAAP and Solvency II, as well as any relevant actuarial techniques. This will show that you're not just a graduate but someone who is genuinely interested in the field.
✨Showcase Your IT Skills
Since knowledge of IT tools is crucial, be ready to discuss your experience with Excel, Access, and any coding languages you know. If you've worked on projects that required these skills, share specific examples to demonstrate your proficiency.
✨Communicate Effectively
You'll need to liaise with various stakeholders, so practice articulating your thoughts clearly. Prepare to discuss how you've managed multiple priorities in the past and how you approach communication with different teams. Good communication can set you apart!