At a Glance
- Tasks: Support actuarial reviews, assess assumptions, and contribute to risk management activities.
- Company: Flexible working environment with a focus on collaboration and development.
- Benefits: Blend of home and office work, competitive salary, and professional growth opportunities.
- Other info: Great opportunity for career advancement in a supportive environment.
- Why this job: Join a dynamic team and make an impact in the insurance industry.
- Qualifications: Part-qualified actuary with experience in insurance or consultancy.
The predicted salary is between 30000 - 40000 £ per year.
Location: We're happy to talk about what flexibility looks like for you. We offer a blend of home and office working, with team time at our Windsor site when needed.
Responsibilities:
- Support the quarterly review of technical provisions.
- Help assess assumptions and ensure robust actuarial outputs.
- Assist in overseeing underwriting activities.
- Support the Chief Actuary in forming opinions on underwriting and reinsurance strategies.
- Contribute to broader risk management activities, including the ORSA process.
- Support stress testing and scenario analysis.
- Support PRA compliance, including horizon scanning and regulatory monitoring.
- Contribute to maintaining a strong governance and risk framework.
Qualifications:
- A part‑qualified actuary, progressing well through IFoA exams.
- Experience within insurance (ideally GI), consultancy, or actuarial risk.
- Good understanding of Solvency II / Solvency UK.
- Curiosity and a desire to develop across multiple actuarial disciplines.
- Strong communication skills, with the ability to engage and influence senior stakeholders.
- A proactive mindset and confidence to operate in a second-line oversight role.
Actuarial Analyst in Milton Keynes employer: British Gas
As an Actuarial Analyst at our Windsor location, you will thrive in a supportive and flexible work environment that values your professional growth and development. We offer a unique blend of home and office working, fostering a collaborative culture where you can engage with senior stakeholders and contribute to meaningful risk management activities. With opportunities for continuous learning and a commitment to maintaining a strong governance framework, we are dedicated to helping you succeed in your actuarial career.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst in Milton Keynes
✨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 British Gas). 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 British Gas. 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 Actuarial Analyst in Milton Keynes
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 British Gas.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at British Gas. 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 British Gas
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at British Gas 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 British Gas, 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 British Gas'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.
