Senior Actuarial Analyst in London

The Senior Actuarial Analyst generates new protection business for the Branch achieving required profitability hurdles. Managing the lifecycle for both existing and new Protection treaties, they ensure all appropriate action is taken in a timely manner. They support the client leads in engaging with clients, pricing opportunities, onboarding new business and monitoring the performance of treaties.

Duties & Responsibilities:

• Contribute effectively to the development of protection reinsurance solutions and services, considering client demands in a changing market and HRUK’s risk appetite.
• Contribute to the relationship management of protection clients, assisting senior members of the team, and taking responsibility for day-to-day contact with client contacts.
• Price protection treaties accurately within agreed deadlines, ensuring all relevant guidelines are followed and departments liaise accordingly. This includes:
• Analysing experience data, using data analytics techniques to gain insight into the performance of the business.
• Researching the product being priced, ensuring suitable information has been obtained from the client.
• Proposing a pricing basis by applying actuarial judgement to the analysis performed.
• Calculating reinsurance rates.
• Completing all supporting documentation to obtain the necessary sign-offs.
• Producing tender response documents.
• Ensure ‘treaty underwriter’ responsibilities are carried out for allocated treaties such as onboarding, performance monitoring and updating key internal systems.
• Contribute to the external visibility programme for Protection BD including client events, seminars, industry events, industry working groups and writing articles.
• Maintain a high level of knowledge of the industry with a focus on how developments impact the Branch and its clients. Transfer this knowledge throughout the Branch as required.
• Identify and enhance the quality and value of processes within the department and wider Branch.
• Adhere to all Local and group guidelines.
• Support all other functional activities as required.

Qualifications and Experience Required:

• Track record of strong progress towards qualifying as an actuary.
• Pricing protection business experience.
• Use of actuarial modelling software, including model development and improvement.

Skills:

• Excellent written and verbal communication skills, including the ability to give engaging presentations.
• Strong project management skills.
• Enthusiasm for innovating and driving the protection market forwards.

Person Specification:

• Delivery and Accountability: Is accountable for own delivery to support the overall Branch priorities and objectives. Works in an efficient and responsive manner to ensure deadlines are met.
• Problem solving: Ability to think analytically and creatively. Demonstrates strong problem-solving ability and intellectual curiosity, applying analytical skills across a range of business challenges and domains. Pragmatic when developing solutions and capable of adapting new techniques and approaches to deliver business value.
• Team Player: Strong team player who embraces a positive team culture based on trust, openness, feedback, and collaboration. Works effectively with colleagues, shares knowledge and contributes to successful achievement of team objectives.
• Communicating and Influencing: Ability to translate analytical findings into business recommendations and communicate effectively with both technical and non-technical audiences, building understanding, support and buy-in for ideas.
• Innovation and Continuous Improvement: Proactively creates and tests out new ideas and improvements that could have an impact on the business.

Life at Hannover Re UK:

• Atmosphere: Work in a global team that values innovation, agile decision-making and mutual respect. We challenge convention, encourage open feedback and foster a community where everyone’s voice matters.
• Benefits: From structured onboarding to a comprehensive range of benefits, we invest in your well-being every step of the way. Our offerings include health and wellness initiatives, personal and professional development opportunities and a support system designed to help you thrive in all aspects of your growth and daily life.
• Prospects: Bring your expertise and curiosity – here, you'll have the space to drive change and own your ideas. We’ll keep you engaged with fresh challenges, mentorship, skill-building opportunities and the freedom to shape your path.