At a Glance
- Tasks: Assist the Actuarial team with pricing, performance measurement, and business planning.
- Company: Brit Insurance helps businesses thrive by managing risk and embracing uncertainty.
- Benefits: Enjoy a diverse workplace, professional growth opportunities, and a supportive environment.
- Why this job: Make a real impact while developing technical skills in a collaborative team.
- Qualifications: No specific experience required; enthusiasm for analytics and teamwork is key.
- Other info: Located in a vibrant area of London with excellent transport links.
The predicted salary is between 28800 - 43200 £ per year.
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Recruitment Business Partner at Brit Insurance
We’re looking for an Actuarial Analyst – Treaty
About Brit
At Brit, we believe that the uncertainty of the future should never stand in the way of progress. That’s why we exist. To help people and businesses face the future and thrive. We are change-makers enabled by a global workforce who collaborate to deliver a risk service. A team empowered to help our customers not only to survive the risks they face, but to stay on the front foot and keep moving forward. We believe the uncertainty of tomorrow isn’t something to fear but to seize; that it’s full of potential. Not only for our customers but our employees too.
We might write the future of risk for our brokers and clients, but we would love to help you write your future at Brit: a future based on not just progressing but on thriving – both professionally and emotionally. If you’re looking for a place to make a real difference read on.
What you’ll be doing
You’ll assist the Actuarial team providing insights into Property Treaty and Casualty lines of business
You\’ll support a range of activities including actuarial pricing, performance measurement, business planning, reserving, and insurance risk, while also contributing to other actuarial functions as required.
This position offers an excellent opportunity to develop technical skills, gain exposure to various lines of business, and work closely with underwriters, risk management, and claims teams.
You\’ll foster a strong partnership with underwriters to ensure that actuarial insights effectively support decision-making.
By assisting with technical pricing and reserving analysis, you\’ll help optimize performance while supporting the improvement, recalibration, and documentation of pricing models.
You\’ll also conduct segmentation analysis to highlight areas of outperformance and underperformance, which will inform and challenge underwriting decisions.
Additionally, you’ll contribute to business planning by assessing loss ratios and preparing the necessary documentation, while also engaging in divisional underwriting peer reviews to provide expert actuarial input.
In the reserving area, you\’ll support the half-yearly reserving exercise by assessing best estimate reserves and delivering class-specific submissions as required.
You’ll also provide input into Solvency II technical provisions work as necessary. Regarding insurance risk, you\’ll contribute to the internal model parameterisation of underwriting and reserving risk. In this capacity, you\’ll apply expert judgement, justify assumptions, maintain thorough audit trails, and support stakeholder communications.
We welcome everyone wholeheartedly
We’ve got a truly diverse, genuinely inclusive work environment. We comfortably and confidently bring our whole selves to work, because we know we’ll be respected, valued and accepted whoever we are. Our Employee Resource groups are safe spaces for people to share their experiences, aspirations and suggestions about how we do things.
Accessibility
We are located in the Leadenhall Building on Leadenhall Street (EC3V 4AB) and are situated on floors 17, 18, and 39. All of our floors are accessible by lift, and there are building staff on hand to point you in the right direction.
The closest train / underground / DLR links are: Liverpool Street Station (7 mins), Bank Station (6 mins), Fenchurch Street Station (6 mins), Aldgate Station (7 mins).
The nearest bus stop is St Mary Axe (Stop LR or Z), which is located just outside the building.
If you have any other questions regarding accessibility, please ask.
Seniority level
-
Seniority level
Associate
Employment type
-
Employment type
Full-time
Job function
-
Job function
Analyst
-
Industries
Insurance
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Actuarial Analyst - Treaty employer: Brit Insurance
Contact Detail:
Brit Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst - Treaty
✨Tip Number 1
Familiarise yourself with the key responsibilities of the Actuarial Analyst role, especially in areas like pricing and reserving. Understanding these concepts will help you engage in meaningful conversations during interviews and demonstrate your knowledge of the industry.
✨Tip Number 2
Network with current or former employees at Brit Insurance through platforms like LinkedIn. This can provide you with insider insights about the company culture and expectations, which can be invaluable when preparing for interviews.
✨Tip Number 3
Stay updated on the latest trends in the insurance and actuarial fields. Being able to discuss recent developments or challenges in the industry can set you apart as a knowledgeable candidate who is genuinely interested in the role.
✨Tip Number 4
Prepare specific examples from your past experiences that showcase your analytical skills and ability to work collaboratively with teams. Highlighting these experiences can help you illustrate how you would contribute to the Actuarial team at Brit.
We think you need these skills to ace Actuarial Analyst - Treaty
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of an Actuarial Analyst - Treaty. Familiarise yourself with key terms and concepts related to actuarial pricing, reserving, and insurance risk to demonstrate your knowledge in your application.
Tailor Your CV: Customise your CV to highlight relevant experience and skills that align with the job description. Emphasise any previous work in actuarial roles or related fields, and include specific examples of how you've contributed to projects involving pricing models or performance measurement.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role at Brit Insurance. Mention why you are drawn to their mission of helping businesses thrive and how your values align with theirs.
Showcase Your Analytical Skills: In your application, provide examples of your analytical skills and how you've used them in past roles. Highlight any experience with data analysis, segmentation analysis, or technical pricing, as these are crucial for the Actuarial Analyst position.
How to prepare for a job interview at Brit Insurance
✨Understand the Role
Make sure you have a solid grasp of what an Actuarial Analyst - Treaty does. Familiarise yourself with key responsibilities like actuarial pricing, performance measurement, and reserving. This will help you answer questions confidently and demonstrate your genuine interest in the position.
✨Showcase Your Technical Skills
Prepare to discuss your technical skills relevant to actuarial analysis. Be ready to explain your experience with pricing models, segmentation analysis, and any software tools you've used. Highlight how these skills can contribute to optimising performance at Brit Insurance.
✨Prepare Questions for the Interviewers
Think of insightful questions to ask your interviewers about the team dynamics, company culture, and specific projects you might be involved in. This shows that you're not only interested in the role but also in how you can fit into their team and contribute effectively.
✨Emphasise Collaboration
Since the role involves working closely with underwriters and other teams, be prepared to discuss your experience in collaborative environments. Share examples of how you've successfully partnered with others to achieve common goals, as this aligns with Brit's emphasis on teamwork.