UW Review Actuary

UW Review Actuary

Full-Time 60000 - 80000 £ / year (est.) Home office (partial)
Brit Insurance

At a Glance

  • Tasks: Support the Head of UW Review in developing and delivering loss ratio insights.
  • Company: Join a diverse and inclusive team at a leading actuarial firm.
  • Benefits: Competitive salary, flexible working, and opportunities for professional growth.
  • Other info: Work in a dynamic environment with excellent career advancement opportunities.
  • Why this job: Make a real impact by influencing business decisions with your analytical skills.
  • Qualifications: Experience in an actuarial role and strong analytical abilities required.

The predicted salary is between 60000 - 80000 £ per year.

We’re looking for an UW Review Actuary (a newly created role) to help us maximise the impact of actuarial analysis and support our strategic ambitions. If you’re looking for a place to make a real difference read on.

What you’ll be doing

  • You’ll play a key role in supporting the Head of UW Review with the ongoing development and delivery of the Business Management Loss Ratio Framework, helping to ensure it is embedded effectively across the business.
  • You’ll work closely with colleagues across Actuarial, Risk and Underwriting, acting as a trusted point of contact for loss ratio insights, cycle management support and business planning activity.
  • In this role, you’ll contribute to the production and interpretation of business management loss ratios, providing clear analysis that helps stakeholders understand prospective underwriting performance.
  • You’ll support regular reporting into governance forums and help identify areas for targeted review, working closely with Actuarial Portfolio Insights teams to deliver high quality outputs to agreed timelines.
  • You’ll also be involved in the wider business planning process, supporting the coordination of actuarial input and providing thoughtful challenge to ensure plans properly reflect the impact of the underwriting cycle.
  • Alongside this, you’ll collaborate across teams to support cycle management activity, helping to shape forward-looking views and supporting a consistent and joined up approach to decision making across the business.
  • More broadly, you’ll contribute to the ongoing development of the Actuarial team, supporting improvements in processes and the use of insight across the business.
  • You’ll build strong relationships with stakeholders and use your technical expertise to influence decisions, helping the business navigate uncertainty with confidence.

What you’ll bring

  • You’ll have experience working in an actuarial role at a Lloyd’s Syndicate, London Market (re)insurer or a consultancy firm, with a solid understanding of a broad range of long-tail and short-tail lines of business.
  • You’ll be analytically minded, be able to interpret data and analyses, and summarise conclusions in a succinct and impactful way.
  • You’ll communicate clearly with both technical and non-technical stakeholders and bring a proactive, professional approach to your work.
  • You’ll demonstrate curiosity and a continuous improvement mindset and will be comfortable challenging the status quo.
  • You’ll be comfortable working with ambiguity and be able to manage your time effectively in a deadline-driven environment.

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.

UW Review Actuary employer: Brit Insurance

As an employer, we pride ourselves on fostering a diverse and inclusive work environment where every employee is respected and valued. Located in the iconic Leadenhall Building, our team enjoys not only a vibrant workplace but also excellent accessibility to major transport links, making commuting a breeze. We are committed to employee growth, offering opportunities for professional development and collaboration across teams, ensuring that you can make a meaningful impact while advancing your career.

Brit Insurance

Contact Details:

Brit Insurance Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land UW Review Actuary

Dive Into Industry Networking Events

Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.

Use LinkedIn to Your Advantage

Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Brit Insurance). A thoughtful message explaining your interest can really make a difference!

Look Out for Graduate Schemes

Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.

Leverage Your Current Connections

Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Brit Insurance. Don’t shy away from asking for a coffee chat; you never know what doors it might open!

We think you need these skills to ace UW Review Actuary

Actuarial Analysis
Business Management Loss Ratio Framework
Data Interpretation
Stakeholder Communication
Analytical Mindset
Proactive Approach
Continuous Improvement Mindset

Some tips for your application 🫡

Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.

Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.

Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Brit Insurance.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Brit Insurance. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.

How to prepare for a job interview at Brit Insurance

Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Brit Insurance to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

Showcase Your Analytical Side

In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!

Prepare for Behavioural Questions

As a full-timer at Brit Insurance, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.

Know the Company Culture Inside Out

Understanding Brit Insurance's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.