At a Glance
- Tasks: Analyse claims reserves and provide insights to improve processes in a leading insurance company.
- Company: 1st Central, a market-leading insurance firm using smart data and tech.
- Benefits: Flexible hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with regular team meet-ups for enhanced teamwork.
- Why this job: Join a dynamic team and make a real impact on insurance analytics.
- Qualifications: Degree in maths or science, with experience in data analysis software.
The predicted salary is between 30000 - 40000 £ per year.
We're 1st Central, a market‐leading insurance company that utilises smart data and technology to deliver excellent service to 1.4 million customers and to our colleagues. 1st Central is seeking an Actuarial Reserving Analyst to provide analysis and insight on claims reserves, assist in calculating a Best Estimate claims reserve for Motor and Home business, and make recommendations to senior members of the Reserving team.
Key Responsibilities
- Assist in the production of timely and accurate best estimate reserves for Motor and Home to the Head of Reserving.
- Support the Reserving team's monthly reporting requirements, including monitoring claims experience.
- Support improvements to the reserving process.
- Identify solutions to everyday business issues and provide recommendations.
- Analyse detailed claims and premium data for actuarial reserving analysis.
- Produce new analyses using appropriate software to promote efficient processes.
- Produce findings in a clear and logical manner.
- Assist in the production of inputs into the Solvency II technical provision model.
- Ensure compliance with company and relevant standards/regulations at all times.
- Communicate effectively with colleagues and stakeholders.
Qualifications and Experience
- Degree in a mathematical or science‐based discipline.
- Some experience working within a personal lines insurance company, with exposure to Motor and/or Home lines of business.
- Experience in data analysis software (e.g. SAS, R, Python), Excel and statistical techniques such as linear regression.
- Knowledge of personal lines insurance data, purposes and uses.
Skills and Competencies
- Strong data analysis, reporting, and statistical skills.
- Advanced MS Office skills, particularly Excel.
- Excellent numerical and analytical thinking with a logical approach to problem solving.
- Strong computer skills, familiarity with actuarial and data software such as ResQ.
- Good time management, organisational skills, and the ability to work independently and as part of a team.
- Effective verbal and written communication skills.
Working Environment
Flexible hybrid working – teams are based across Salford Quays (Manchester), Haywards Heath (West Sussex), and Gibraltar. Typically work from home but meet in person once a week or fortnight to facilitate collaboration.
Actuarial Reserving Analyst in Manchester employer: First Central Services UK Ltd
At 1st Central, we pride ourselves on being a forward-thinking insurance company that values innovation and collaboration. Our flexible hybrid working model allows you to balance your professional and personal life while contributing to a dynamic team dedicated to delivering exceptional service to our 1.4 million customers. With opportunities for growth and development in a supportive environment, joining us as an Actuarial Reserving Analyst means becoming part of a culture that encourages continuous learning and improvement.
Contact Details:
First Central Services UK Ltd Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Reserving Analyst in Manchester
✨Tip Number 1
Network like a pro! Reach out to current or former employees at 1st Central on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your data analysis skills. Be ready to discuss how you've used software like SAS or Python in past roles. Show us you can turn complex data into clear insights!
✨Tip Number 3
Don’t just wait for job openings—create your own opportunities! If you see a project or initiative at 1st Central that excites you, mention it in your conversations. It shows initiative and genuine interest.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who take the time to engage with us directly.
We think you need these skills to ace Actuarial Reserving Analyst in Manchester
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your experience in data analysis and personal lines insurance. We want to see how your skills align with the role of an Actuarial Reserving Analyst, so don’t be shy about showcasing relevant projects or software you’ve used!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about actuarial work and how you can contribute to our team. We love seeing enthusiasm and a clear understanding of the role, so make it personal and engaging.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis, be sure to mention any specific tools or techniques you’re familiar with, like SAS, R, or Excel. We appreciate candidates who can demonstrate their analytical prowess through examples from past experiences.
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at First Central Services UK Ltd
✨Know Your Numbers
Brush up on your data analysis skills, especially with software like SAS, R, or Python. Be ready to discuss how you've used these tools in past roles, particularly in relation to claims reserves for Motor and Home insurance.
✨Understand the Business
Familiarise yourself with 1st Central's approach to personal lines insurance. Research their products and recent developments in the industry so you can speak knowledgeably about how you can contribute to their goals.
✨Prepare for Problem Solving
Think of examples where you've identified solutions to business issues. Be prepared to explain your thought process and how you approached the problem, as this will showcase your analytical thinking and logical approach.
✨Communicate Clearly
Practice articulating your findings and analyses in a clear and logical manner. Since effective communication is key, consider how you would present complex data to colleagues who may not have a technical background.
