At a Glance
- Tasks: Analyse data, model trends, and mentor junior actuaries in a leading insurance firm.
- Company: Join a top-tier insurance organisation with a focus on innovation and teamwork.
- Benefits: Enjoy 25 days holiday, flexible hours, health plans, and a competitive salary.
- Other info: Dynamic team environment with opportunities for career growth and mentorship.
- Why this job: Make a real impact in the insurance industry while developing your actuarial skills.
- Qualifications: Experience in actuarial analysis, strong IT skills, and a proactive mindset required.
The predicted salary is between 36000 - 60000 £ per year.
We have an excellent opportunity available for a Senior Actuarial Analyst / Actuarial Manager to join a leading insurance organisation. This Senior Actuarial Analyst will assist in delivering data-driven analysis, performing and reviewing actuarial modelling. As a Senior Actuarial Analyst and member of the Actuarial Team, the role requires a high degree of competence and specialist knowledge to ensure the Actuarial Department continues to meet the expectations of Senior Management.
25 days’ holiday (rising to 27 days after 3 years) - with the ability to buy an additional 5 days
37.5 hours per week – Flexitime
Discretionary annual bonus
Personal car lease option
Company pension
Health and dental plans
Private medical insurance
Life assurance (4 x salary)
Discounted gym membership
Discounts on a wide range of retailers
Main Duties and Responsibilities
- Model, interpret and monitor business data to identify and confirm market trends and niche product opportunities.
- Carry out and supervise elements of the quarterly and monthly reserve review exercises.
- Conduct and oversee regular and ad hoc pricing analyses to support Underwriting teams.
- Mentor junior members of the Group actuarial team.
- Assist in the development and maintenance of effective statistical models and MI in relation to the company's underwriting performance and pricing strength.
- Contribute to the development and launch of new products from an Actuarial perspective.
- Liaise directly with stakeholders, in particular Underwriting, Finance and Claims teams.
- The Senior Actuarial Analyst will support the Heads of Actuarial and Chief Actuary as appropriate.
Skills Required
- Ability to prioritise work, be a confident decision maker, proactive and innovative.
- A good working knowledge of the commercial lines market.
- A sound understanding of reserving and pricing analysis and principles & experience of a wide range of technical issues.
- Strong IT skills and in-depth experience of Excel and working knowledge of SAS is essential.
- Additional IT skills (Python, R) may be beneficial.
- A high level of understanding of modern actuarial and statistical modelling and techniques is essential.
- A flair for manipulating and interpreting data and making decisions or recommendations as appropriate is essential.
- Excellent skills in explaining, both internally and externally to key business partners, pricing decisions based on detailed analysis.
- Able to work with people at all levels, both internally and externally.
- Ability to lead by example, maintain a visible leadership presence, experience of managing and addressing performance consistently.
- Ability to delegate effectively and mentor, coach and develop less experienced members of the team.
Senior Actuarial Analyst – Insurance in Southampton employer: Bowers Partnership
Join a leading insurance organisation that values its employees and fosters a collaborative work culture. With competitive benefits including 25 days of holiday, flexible working hours, and opportunities for professional growth, this role as a Senior Actuarial Analyst offers a rewarding career path in a supportive environment. The company prioritises employee well-being with health plans, a generous pension scheme, and various discounts, making it an excellent choice for those seeking meaningful employment in the actuarial field.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Analyst – Insurance in Southampton
✨Network Like a Pro
Get out there and connect with people in the insurance and actuarial fields. Attend industry events, join relevant online forums, and don’t be shy about reaching out on LinkedIn. You never know who might have the inside scoop on job openings!
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your technical skills and experience with data analysis. Be ready to discuss specific projects where you've modelled or interpreted data, as this will show you're the real deal.
✨Prepare for Interviews
Do your homework on the company and the role. Think about how your experience aligns with their needs, especially in areas like pricing analysis and statistical modelling. Practise common interview questions and prepare some thoughtful questions to ask them too!
✨Apply Through Our Website
Don’t forget to check out our website for the latest job openings! Applying directly through us can sometimes give you an edge, as we love seeing candidates who are proactive and engaged with our brand.
We think you need these skills to ace Senior Actuarial Analyst – Insurance in Southampton
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Actuarial Analyst role. Highlight your experience with data-driven analysis and actuarial modelling, as these are key aspects of the job. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for our team. Mention specific projects or experiences that showcase your ability to mentor others and lead by example, as these qualities are super important to us.
Showcase Your Technical Skills:Don’t forget to highlight your IT skills, especially in Excel and SAS. If you have experience with Python or R, make sure to mention that too! We love seeing candidates who can manipulate and interpret data effectively.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it makes the whole process smoother for everyone involved!
How to prepare for a job interview at Bowers Partnership
✨Know Your Numbers
As a Senior Actuarial Analyst, you'll be expected to have a strong grasp of data analysis and modelling. Brush up on your technical skills, especially in Excel and SAS, and be ready to discuss specific examples of how you've used these tools in past roles. This will show your competence and confidence in handling the responsibilities of the position.
✨Showcase Your Leadership Skills
Since mentoring junior team members is part of the role, prepare to share experiences where you've led or coached others. Think about specific situations where you made a positive impact on your team's performance. This will demonstrate your ability to lead by example and your commitment to developing talent within the organisation.
✨Understand the Business
Familiarise yourself with the company's market position and recent trends in the insurance industry. Be prepared to discuss how your insights can contribute to identifying niche product opportunities. This shows that you're not just a numbers person but also someone who understands the broader business context.
✨Prepare for Stakeholder Engagement
You'll need to liaise with various teams, so think about how you can effectively communicate complex actuarial concepts to non-technical stakeholders. Prepare examples of how you've successfully collaborated with underwriting, finance, or claims teams in the past. This will highlight your interpersonal skills and ability to work across departments.
