At a Glance
- Tasks: Join a reinsurance company to build and run capital models using innovative software.
- Company: Dynamic reinsurance firm focused on cutting-edge actuarial solutions.
- Benefits: Gain valuable experience, flexible working options, and opportunities for professional growth.
- Other info: No reinsurance experience needed; great chance to learn and grow your career.
- Why this job: Be part of a team shaping the future of capital modelling in a collaborative environment.
- Qualifications: Ideal for students or new actuaries with coding skills and a passion for modelling.
The predicted salary is between 29700 - 36300 £ per year.
Reinsurance company seeking a capital modelling actuarial analyst (student or possible AIA) with some knowledge of Igloo, Tyche or Re Metrica.
The ideal level would be a nearly/newly qualified or Associate actuary (AIA) who sees the Associate qualification as their final level of exams.
The business is currently using Igloo Standard Formula, and the model has been partially built, so candidates need to be interested in continuining the build as well as doing model runs, parametrisation etc.
Reinsurance experience is not essential, and qualification is not essential either.
Candidates with coding skills are especially sought after. Longer term, the client is interested in having a bespoke capital model in Python.
Please note the client is unable to sponsor a work permit.
Actuary employer: Hanover
Join a dynamic team where your expertise as an Experienced Analysis Actuary will be valued and rewarded. Our company fosters a collaborative work culture that prioritises employee growth, offering ample opportunities for professional development in the exciting field of insurance linked securities. Located in a vibrant area, we provide a competitive salary and an attractive bonus structure, making us an excellent employer for those seeking meaningful and impactful work.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary
✨Hit Up Local Job Fairs
Insurance internships are often showcased at local career fairs, so pop down to a few and chat with recruiters from companies like Hanover. It’s a great way to get your face out there and show off your enthusiasm for the industry – plus, you can ask questions that show you’ve done your homework!
✨Leverage Your Uni’s Career Services
Your university’s career services can be a goldmine for finding insurance internships. They often have partnerships with companies and can give you access to exclusive opportunities – so be sure to check in and get help polishing your application for roles at places like Hanover.
✨Connect with Alumni in the Industry
Look for alumni from your university who are working in insurance. Reach out for a chat on LinkedIn – they can give you insider tips about landing spots like internships at Hanover. Plus, they might even know of openings before they’re posted!
✨Show Off Your Skills Online
Create a professional online presence showcasing your skills and interests in insurance. Whether it’s writing articles on LinkedIn or sharing insights on industry trends, being visible can attract attention from hiring managers at companies like Hanover. Don’t hesitate to apply through our website!
We think you need these skills to ace Actuary
Some tips for your application 🫡
Highlight Your Analytical Skills:In the insurance industry, analysing data is key! Make sure to sprinkle examples of your analytical and problem-solving skills throughout your CV and cover letter. This could be from your studies or any relevant projects where you've had to assess risk, assess financial data, or use statistics.
Show Enthusiasm for Learning:As an intern, it's super important to show your eagerness to learn. Use your cover letter to express why you're passionate about the insurance field and what you hope to gain from the internship at Hanover. We're looking for those who want to dive in and make the most of this opportunity!
Include Relevant Coursework and Projects:Don't be shy about mentioning specific courses or projects that relate to insurance! If you've taken modules in risk assessment, finance, or related topics, make sure they're highlighted in your application. This not only shows your background but helps us connect the dots about your fit for the role.
Tailor Your Documents to Hanover:Every company has its unique vibe and values! Take a little time to tailor your CV and cover letter specifically for Hanover. Look into their culture, their services, and mention why you think you’d be a great fit. It shows you care and that you’ve done your homework—huge plus points!
How to prepare for a job interview at Hanover
✨Get a Grip on Insurance Basics
Before heading into the interview with Hanover, brush up on fundamental insurance concepts. Understand the different types of insurance products, like life, health, and property insurance, as well as basic terms like underwriting and premiums. This will show your genuine interest in the field and help you articulate your thoughts better.
✨Prepare for Scenario-Based Questions
In insurance internships, interviewers love to liven things up with scenario-based questions. Think about how you’d handle common situations—like a client asking about policy options or presenting a claim. Practising these scenarios will help us feel confident and ready to showcase our problem-solving skills during the interview!
✨Highlight Your Analytical Skills
Insurance relies a lot on data and analysis. Make sure to mention any relevant coursework or projects that involved data interpretation, risk assessment, or financial analysis. We want to show that we can combine our analytical skills with a fresh perspective to contribute to the team at Hanover.
✨Show Enthusiasm for Learning
As an intern, your motivation and willingness to learn can be just as impactful as your current knowledge. Be ready to discuss what excites you about the insurance industry and how this internship at Hanover fits into your career goals. Let’s convey that we’re eager to soak up as much knowledge as we can during our time there!
