Senior Actuary in Leicester

Welcome to Hastings Direct. We are a digital insurance provider with ambitious plans to become the best and biggest in the UK market. We’ve made huge investments in our pricing and data capabilities over the past few years along with nurturing our 4Cs culture. We provide insurance for over four million customers but we know there’s even bigger opportunity out there.

Our Pricing Data and Analytics community value curiosity, collaboration and constructive challenge. We are always looking for new ideas and diverse perspectives to question established thinking and drive meaningful change. Great pricing is built on trust, innovation and precision so our aim is to ensure customers receive a fair and accurate price based on their individual risk, supporting fair outcomes while delivering sustainable and profitable growth for our company. Pricing is more than just a number; it’s a strategic capability. At the heart of Hastings is deep risk insight, continually improving how we assess, segment and price risk through data and analytics.

Join Us in Shaping the Future of Home Insurance at Hastings. Building on our early successes in Home insurance, Hastings is investing in the growth of our Home team. We’re looking for an experienced Senior Actuary who is passionate about data and excited by the opportunity to combine actuarial expertise with cutting-edge machine learning techniques. As a Senior Actuary within the Home Actuarial & Data Science Team you’ll play a key role in developing actuarial models, analyses and data assets that power Hastings market-leading pricing strategies. Working closely with the wider Home team, your contributions will help deliver our ambitious growth plans for Home insurance products.

This is an exciting time to join us. Our team champions the adoption of advanced machine learning methods supported by a state-of-the-art tech stack and collaboration across Hastings Actuarial and Data Science (AnDS) community. Your deep understanding of general insurance principles and actuarial techniques will ensure that new models are not only commercially impactful but also deliver fair outcomes for customers. You’ll have the opportunity to influence strategic decisions, mentor junior team members and shape how advanced analytics and actuarial science come together to drive innovation in Home insurance.

Accountabilities:

• Develop, analyse and monitor risk models to support pricing activities
• Lead development of actuarial assumptions and methodologies that inform modelling
• Create and maintain analytical tools to support in the management of our risk portfolio
• Collaborate with data scientists to integrate actuarial analyses into predictive models
• Partner with underwriters and risk analysts to identify blind spots and develop strategies to mitigate emerging risks
• Stretch the teams capabilities in actuarial capabilities
• Lead a small team of actuaries and data scientists

Required experience:

Essential:

• Fellow of the Institute and Faculty of Actuaries (IFoA) or equivalent professional body
• Experience in general insurance and strong technical modelling skills
• Keen interest in emerging ML techniques and applications in underwriting & pricing
• Strong SQL skills
• Strong senior stakeholder management and communication skills
• Ability to work cross-functionally with data engineers, data scientists, underwriters and analysts

Desirable:

• Proficiency in Python
• Experience with using Git and GitHub as a code collaboration tool

Interview Process:

• Recruiter screening call
• 1st Round Intro call with Hiring manager
• 2nd Round Case study round followed by call with Hiring leader

What we will give you:

Join us and you’ll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company and community. As one of our colleagues you’ll be helping to drive our growth so in return we’ll give you all the support, training and development you need. Not to mention plenty of recognition and rewards and the scope to voice your ideas and put them into practice.

As a Disability Confident employer we’re committed to ensuring our recruitment processes are fully inclusive. If you’re applying for a job with us you’ll have fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS).

Benefits:

• In addition to a competitive salary and 5k car allowance you will also receive:
• Flexible working: we champion a flexible hybrid working approach; please speak to your recruiter to discuss in more detail
• Competitive bonus scheme: all colleagues are eligible for our annual 4Cs performance bonus
• Physical wellbeing: Hastings pays for private medical insurance (PMI) for Band 4 colleagues
• Financial wellbeing: 4x salary life assurance, income protection, pension contributions up to 10%, discounts, cashback, mortgage advice and financial wellbeing support
• Mental wellbeing programme: Thrive mental health app, employee assistance programme, 24/7 support, in-house mental health first aiders
• Additional benefits: 27 days annual leave, health care cash back plans, dental plans, Cycle to work, tech schemes, onsite facilities, social events, and more

Hastings Group is an equal opportunities employer. We welcome applications from all suitably skilled persons regardless of gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status. We also have a thorough referencing process including credit and criminal record checks. At Hastings Direct we’re committed to creating an inclusive environment where everyone has the opportunity to succeed. If you require any reasonable adjustments during the recruitment process we encourage you to be open with us. Our recruitment team is here to provide the support you need to ensure a fair and accessible experience for all.