At a Glance
- Tasks: Drive pricing and risk evaluation projects while collaborating with clients and data teams.
- Company: Gallagher Re, a leading reinsurance advisory firm with a focus on innovation.
- Benefits: 25+ days holiday, pension scheme, life insurance, health plans, and discounted gym memberships.
- Other info: Inclusive workplace committed to diversity and community support.
- Why this job: Join a dynamic team and make a real impact in the reinsurance industry.
- Qualifications: Qualified or nearly qualified actuary with reinsurance pricing experience.
The predicted salary is between 55000 - 65000 £ per year.
Gallagher Re is one of the world’s leading reinsurance advisory and broking firms. We bring together sophisticated analytics capabilities, risk transfer and transactional expertise to provide advice and counsel to our clients. We help our clients interpret the data to guide their decisions surrounding the management of their risk portfolio.
The role
We are seeking to hire a qualified or nearly qualified actuary to join our Program Solutions Analytics team. In this role, you will apply your expertise in insurance and reinsurance pricing techniques across a broad range of lines of business to provide outstanding client service and contribute to the ambitious growth targets of the team. The Program Solutions team is focused on placing capacity for Lloyd’s Coverholders and MGAs.
How you'll make an impact
- Drive pricing and risk evaluation projects for Program Solutions.
- Conduct client meetings to discuss model outputs, limitations, and assumptions.
- Carry out market analysis to benchmark assumptions on rate change, loss inflation, etc.
- Collaborate with the data team to ensure accurate, efficient data processing and analysis.
About You
- Qualified or newly qualified actuary with experience ideally from a reinsurance background.
- Prior experience in reinsurance pricing essential.
- Ideally from a Casualty and/or Property experience.
- Excellent interpersonal skills, with a proactive approach to forming relationships with clients.
- Sound knowledge and confidence in presenting model outputs, model limitations, and assumptions.
- Excellent verbal and written communication skills.
- Eligible to work in the UK.
Compensation and benefits
- Minimum of 25 days holiday, plus bank holidays, and the option to buy extra days.
- Defined contribution pension scheme, which Gallagher will also contribute to.
- Life insurance, paying 4x your basic annual salary, upgradable to 10x.
- Income protection, covering up to 50% of your annual income, with options to top up.
- Health cash plan or private medical insurance.
Other benefits include
- Three fully paid volunteering days per year.
- Employee Stock Purchase plan, offering company shares at a discount.
- Share incentive plan, HMRC approved, tax effective, stock purchase plan.
- Critical illness cover.
- Discounted gym membership, with access to over 3,000 gyms nationally.
- Season ticket loan.
- Access to a discounted voucher portal to save money on your weekly shop or next big purchase.
- Emergency back‑up family care.
- And many more.
We value inclusion and diversity
Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work. Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.
Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long‑term health conditions or disabilities. We understand that applicants may have disabilities, and if you do, you may find some parts of the recruitment process more challenging. Don’t worry, we’re here to help, however, we can only do this if you let us know. Should you require reasonable adjustments to your application, please get in touch with TAGlobalSupport@ajg.com. If you’d prefer to speak on the phone, please request a call back, leaving details, so we can get in touch.
Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/belief, age and those with caring responsibilities. Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non‑conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected by applicable federal, state, or local laws.
Equal employment opportunity will be extended in all aspects of the employer‑employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.
Actuary - Programs Solutions Analytics employer: Gallagher Re
Gallagher Re is an exceptional employer, offering a dynamic work environment in the heart of London where actuaries can thrive. With a strong commitment to employee growth, generous benefits including a defined contribution pension scheme, and a culture that values inclusion and diversity, Gallagher Re empowers its team members to make a meaningful impact while enjoying a healthy work-life balance. The company's dedication to community support and sustainability further enhances its appeal as a workplace where employees can feel proud to contribute.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary - Programs Solutions Analytics
✨Tip Number 1
Network like a pro! Reach out to your connections in the reinsurance industry and let them know you're on the lookout for opportunities. A friendly chat can lead to valuable insights or even a referral.
✨Tip Number 2
Prepare for those interviews! Brush up on your knowledge of pricing techniques and be ready to discuss your experience with model outputs. Practising common interview questions can help you feel more confident.
✨Tip Number 3
Show off your analytical skills! Bring examples of past projects where you've driven pricing or risk evaluation. This will demonstrate your expertise and how you can contribute to the ambitious growth targets at Gallagher Re.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining our team at Gallagher Re.
We think you need these skills to ace Actuary - Programs Solutions Analytics
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Actuary role. Highlight your experience in reinsurance pricing and any relevant qualifications. We want to see how your skills align with what we’re looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about joining Gallagher Re and how you can contribute to our Program Solutions Analytics team. Keep it engaging and personal!
Showcase Your Communication Skills:Since excellent verbal and written communication skills are key, make sure your application reflects this. Use clear language and structure your thoughts well. We love seeing candidates who can present complex ideas simply!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, you’ll find all the info you need about the role and our company culture there.
How to prepare for a job interview at Gallagher Re
✨Know Your Numbers
As an actuary, you'll be expected to have a solid grasp of pricing techniques and risk evaluation. Brush up on your knowledge of insurance and reinsurance pricing methods, especially in Casualty and Property lines. Be ready to discuss specific examples from your experience that demonstrate your analytical skills.
✨Master the Model Outputs
You’ll need to present model outputs clearly and confidently. Prepare to explain the limitations and assumptions of your models during the interview. Practise articulating complex concepts in simple terms, as this will showcase your communication skills and ability to engage with clients.
✨Research Gallagher Re
Familiarise yourself with Gallagher Re’s approach to reinsurance advisory and broking. Understand their market position and recent developments in the industry. This knowledge will not only help you answer questions but also show your genuine interest in the company and its goals.
✨Showcase Your Interpersonal Skills
Since the role involves client meetings, highlight your interpersonal skills during the interview. Share examples of how you've built relationships with clients or collaborated with teams in the past. Being personable and proactive can set you apart from other candidates.
