At a Glance
- Tasks: Support quarterly solvency reports and analyse data in a life insurance environment.
- Company: Join Foresters Financial, a purpose-driven organisation with a collaborative culture.
- Benefits: Up to £35,000 salary, bonus potential, 25 days holiday, and flexible working options.
- Other info: Flexible start times and remote work after training; excellent career development opportunities.
- Why this job: Gain hands-on experience and develop your skills while making a real impact.
- Qualifications: Recent graduate in a quantitative subject with strong analytical skills.
The predicted salary is between 35000 - 35000 € per year.
As our Actuarial Analyst you will support the production of quarterly solvency reports, contribute to data analysis and modelling, and gain hands-on experience within a life insurance environment. This is a permanent position offering excellent development opportunities, including support with IFoA exams.
The role sits within the Actuarial Reporting team and will primarily support the production of quarterly reporting metrics, through data preparation and running and maintaining actuarial liability models. Working as part of a small team, the successful candidate will take ownership of a number of end-to-end processes and will support the communication of results to senior management from an early stage. The role is suited to either an individual at the start of their career or with a few years prior experience, who is looking to build and broaden their skills within a life insurance environment.
In addition to core reporting activities, the role will offer exposure to a range of other projects, e.g. reporting and methodology process improvements, data analytics, experience analysis, which should provide both breadth and depth of actuarial experience. The individual will also support the development of data science and automation solutions, for example using Python and Power BI, either to improve reporting efficiency or to analyse large datasets to produce management information (MI) and support the company’s strategic objectives. You will be committed to completing the IFoA qualification.
What you will do:
- Support the production of quarterly solvency reports (January, April, July and October)
- Data cleaning, analysis and model execution
- Run actuarial models and analyse outputs
- Follow process documentation for tasks
- Collaborate with analysts and actuaries
Working hours are 35 hours a week Monday to Friday. Start times are flexible from 8.00am to 9.30am. After a successful training period there is flexibility to work from home for 2 days a week.
What we require:
- Recent graduate (minimum 2:1), ideally in a quantitative subject
- Understanding of actuarial work and interest in life insurance
- Strong analytical skills and attention to detail
- Excel skills or willingness to learn
- Motivation to progress through IFoA exams
- Python, SQL or PowerBI advantageous
- Team player with eagerness to learn
What we offer you:
- Basic salary up to £35,000 per annum
- Discretionary annual bonus dependent on your performance and company performance provided you are employed on bonus payment date.
- Annual holiday allowance of 25 days holiday plus bank holidays
- Life Assurance (based on pensionable earnings)
- Generous contributory Pension scheme
- Season Ticket Loan
- 1 days paid charitable workday
- Employee Assistance Programme
About us:
Foresters Financial is not your typical financial services provider. Those who join our purpose-driven organisation enjoy a culture of collaboration, creativity, and mutual respect and are challenged to do their best to make a difference every day. We help everyday families achieve their financial goals and make a lasting difference in their lives and communities.
What we do:
We help everyday families achieve their financial goals and make a lasting difference in their lives and communities. We will continue to do this by employing enthusiastic and talented Financial Advisers working across the country and equally talented people to be based at our Head Office in Bromley.
Actuarial Analyst in Bromley employer: Foresters Financial
Foresters Financial is an exceptional employer that fosters a collaborative and creative work culture, making it an ideal place for aspiring Actuarial Analysts. With a commitment to employee development, including support for IFoA exams and opportunities to engage in diverse projects, you will gain invaluable experience in the life insurance sector while enjoying flexible working arrangements and a generous benefits package. Join us in Bromley, where your contributions will make a meaningful impact on families and communities.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst in Bromley
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, attend industry events, and join relevant online forums. You never know who might have the inside scoop on job openings or can refer you directly.
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. Get comfortable discussing your analytical skills and any relevant projects you've worked on. Remember, confidence is key!
✨Tip Number 3
Show off your skills! If you’ve got experience with Python, SQL, or Power BI, be ready to demonstrate how you’ve used these tools in your work. Real-life examples can really make you stand out.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining our team at Foresters Financial.
We think you need these skills to ace Actuarial Analyst in Bromley
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Actuarial Analyst role. Highlight any relevant coursework, projects, or internships that showcase your analytical skills and understanding of actuarial work.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about life insurance and how your background makes you a great fit for our team. Don’t forget to mention your motivation to progress through IFoA exams!
Show Off Your Technical Skills:If you've got experience with Python, SQL, or Power BI, make sure to include that in your application. We love candidates who are eager to learn and can bring technical skills to the table, so don’t be shy about showcasing them!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team at StudySmarter!
How to prepare for a job interview at Foresters Financial
✨Know Your Numbers
As an Actuarial Analyst, you'll be dealing with data analysis and modelling. Brush up on your quantitative skills and be ready to discuss any relevant projects or coursework. Show them you understand the importance of accuracy in actuarial work!
✨Familiarise Yourself with Tools
If you have experience with Python, SQL, or Power BI, make sure to highlight it! If not, express your eagerness to learn these tools. Being proactive about your technical skills can set you apart from other candidates.
✨Understand the Role
Read up on the responsibilities of the Actuarial Analyst position. Be prepared to discuss how you can contribute to quarterly solvency reports and support process improvements. Showing that you understand the role will demonstrate your genuine interest.
✨Ask Insightful Questions
Prepare a few thoughtful questions about the team dynamics, ongoing projects, or the company's approach to data analytics. This shows you're engaged and eager to be part of their collaborative culture. Plus, it gives you a chance to assess if this is the right fit for you!
