At a Glance
- Tasks: Join our Underwriting team as a Senior Actuarial Analyst, supporting pet insurance growth.
- Company: ManyPets is dedicated to improving the lives of pets and their owners through innovative insurance solutions.
- Benefits: Enjoy flexible working, top-notch tech support, and a fun, pet-loving culture.
- Why this job: Make a real impact in the pet insurance industry while collaborating with passionate teams.
- Qualifications: Degree in Maths or related field; experience in actuarial roles preferred.
- Other info: We offer an actuarial study scheme and support your personal and professional development.
The predicted salary is between 36000 - 60000 ÂŁ per year.
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We love pets – which is why we’re on a mission to make the world a better place for pets and their parents. We offer pet insurance policies with generous pet health benefits that are designed with their needs in mind. We’ve helped half a million pets stay happy and healthy since 2017 – and many more customers throughout the world are joining us every day. Our company is respectful, fun-loving and passionate about pets and their wellbeing. Throughout our business you\’ll meet people who think differently, aim for impact, and love to try new things. Want to join our pack? Join us. Love every moment. Love ManyPets.
This is an exciting opportunity to join our wider Underwriting team as an Actuarial Analyst, where you’ll play a key role in supporting the continued growth and evolution of ManyPets.
Working closely with the Head of Reserving, you’ll contribute to the delivery of robust reserving analyses and actuarial insights across our Pet insurance book. In this role, you\’ll support the development of reserving methodologies, analyse claims trends, and help ensure the accuracy of our financial forecasts.
You’ll sit at the heart of the Underwriting function, collaborating with teams across Actuarial, Finance, Claims, and Data to deliver actionable insight that supports sound decision-making and sustainable growth.
Your Focus
- Support day-to-day actuarial reserving activities, including input into assumption setting and methodology reviews.
- Assist with reserving quarterly “deep dives” into methodology, assumptions, and development patterns.
- Deliver reserving analyses and reporting as needed, working in ResQ and Excel.
- Enhance the development of claims analytics, including frequency/severity and peril analysis, and support tech initiatives around the business such as claims automation and fraud detection.
- Support the review of classification methods to improve reserving accuracy and enhance risk assessment.
- Interpret and communicate insights from our suite of management information, taking initiative to improve reporting where appropriate.
- Partner with our Engineering team to support the delivery of data to ensure real-time, high-quality data suitable for actuarial reserving analysis.
- Extract and prepare datasets and maintain spreadsheets that support accurate and efficient analysis.
- Conduct scenario and stress testing to assess the impact of different conditions on reserve adequacy, while monitoring emerging risks and trends to ensure reserves remain sufficient.
- Ensure reserve calculations comply with actuarial standards and work with auditors to ensure full documentation and transparency.
- Ensure quality and accuracy in all actuarial output.
What Leads to Success
Here are some of the individual skills we know will enable you to succeed in this position. If you don’t tick every box – don\’t worry, as we can support you in both your personal and professional development:
- You bring high accuracy, quality, and attention to detail in everything you do.
- You’re able to work and learn quickly in a fast-paced and often changeable environment.
- You’re detail focused, analytical, and able to communicate outputs clearly and simply.
- You build collaborative relationships and demonstrate the ability to influence across the business – you make change happen by working well with others.
- You\’re a customer-centric and can view what you do through customer’s eyes – while remaining commercially astute.
- Your colleagues know you as being a clear communicator, and someone who can present persuasively and explain why something is important.
- You’re curious – you like to keep up to date with technical developments in the insurance industry.
What We’re Looking For
- You’ll be working closely with the Head of Reserving, providing support on reserving analyses, methodology development, and strategic actuarial initiatives.
- You have strong commercial experience in an actuarial role, preferably in personal or commercial lines insurance with a focus on reserving or claims analytics.
- You’ll have strong skills in technical modelling and statistical analysis relevant to reserving, development pattern analysis, and assumption setting.
- You’re up to date with technical developments in the insurance industry and best practices in actuarial reserving methods.
- You can collaborate with cross-functional teams to ensure real time data and effective communication of actuarial insights.
- You\’re a confident user of tools, systems, and languages such as Excel, ResQ, SQL, R, Python and similar reserving or actuarial software.
- Due to the technical nature of the role, you should have a degree-level qualification (or equivalent) in Mathematics, Science, Engineering, or a related discipline, with a minimum of a 2:1 classification.
- We offer an actuarial study scheme package that is available for the right candidate, but we are very flexible and don’t require you to be training as an actuary to undertake this role
Ways of working
On a typical day you’ll be working from a laptop with a screen, mouse, keyboard, and headset. You’ll be meeting your colleagues on Zoom and keeping in touch regularly via email and Slack too – we’d expect you to be using your computer for around seven hours a day. We’d ask that you have a distraction-free work area and a reliable internet connection with a speed of 25Mbps so you can work effectively. We’ll make sure you have the right home set-up that supports you in the role by providing best-in-class technology, money towards a desk, and vision support.
Inclusion at ManyPets
We promise to give you the same opportunities as everyone else and we won’t discriminate against you at any point in the process. This includes how we source talent, our interview process, our conditions of employment (including pay) and feedback. If you\’d like to read more about this, please download our policy.
Reasonable adjustments and support
If you need any help, support, or advice at any point during the hiring process please email . If you want to ask any questions or request an adjustment, please let us know and we\’ll do what we can to flex our approach.
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Senior Actuarial Analyst employer: Bought By Many
Contact Detail:
Bought By Many Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Analyst
✨Tip Number 1
Familiarise yourself with the latest trends in pet insurance and actuarial practices. This will not only help you understand the industry better but also allow you to engage in meaningful conversations during interviews, showcasing your passion for the role.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work in pet insurance or similar sectors. Attend industry events or join relevant online forums to build connections that could lead to referrals or insider information about the role.
✨Tip Number 3
Brush up on your technical skills, particularly in Excel, ResQ, SQL, R, and Python. Being proficient in these tools will not only boost your confidence but also demonstrate your readiness to tackle the technical aspects of the job.
✨Tip Number 4
Prepare to discuss how you can contribute to cross-functional collaboration. Think of examples from your past experiences where you've successfully worked with different teams, as this is a key aspect of the role at ManyPets.
We think you need these skills to ace Senior Actuarial Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial roles, particularly focusing on reserving and claims analytics. Use specific examples that demonstrate your skills in technical modelling and statistical analysis.
Craft a Compelling Cover Letter: Write a cover letter that reflects your passion for pets and aligns with ManyPets' mission. Discuss how your background and skills make you a great fit for the Senior Actuarial Analyst role, and mention any relevant projects or achievements.
Showcase Technical Skills: In your application, emphasise your proficiency in tools like Excel, ResQ, SQL, R, and Python. Provide examples of how you've used these tools in previous roles to deliver actionable insights or improve processes.
Highlight Collaborative Experience: ManyPets values teamwork, so be sure to include examples of how you've successfully collaborated with cross-functional teams. Describe situations where your communication skills helped influence decisions or drive change.
How to prepare for a job interview at Bought By Many
✨Show Your Passion for Pets
Since ManyPets is all about making the world a better place for pets, make sure to express your love for animals during the interview. Share any personal experiences or stories that highlight your passion for pets and how it aligns with the company's mission.
✨Demonstrate Your Analytical Skills
As a Senior Actuarial Analyst, you'll need strong analytical skills. Be prepared to discuss specific examples of how you've used data analysis in previous roles, particularly in reserving or claims analytics. Highlight your experience with tools like Excel, ResQ, SQL, R, or Python.
✨Prepare for Technical Questions
Expect technical questions related to actuarial methodologies and statistical analysis. Brush up on key concepts in reserving, development patterns, and assumption setting. Being able to explain these clearly will show your expertise and confidence in the field.
✨Emphasise Collaboration
ManyPets values teamwork, so be ready to discuss how you've successfully collaborated with cross-functional teams in the past. Provide examples of how you influenced decisions or improved processes by working well with others, showcasing your ability to communicate effectively.