At a Glance
- Tasks: Support underwriters with pricing, develop rating models, and analyse risk factors.
- Company: Brit helps businesses thrive by managing risks and embracing future uncertainties.
- Benefits: Enjoy a diverse workplace, inclusive culture, and opportunities for professional growth.
- Why this job: Make a real impact while collaborating with a global team of change-makers.
- Qualifications: No specific experience required; enthusiasm for data analysis and problem-solving is key.
- Other info: Located in the accessible Leadenhall Building, close to major transport links.
The predicted salary is between 28800 - 48000 £ per year.
Overview
We’re looking for an Actuarial Analyst
About Brit
At Brit, we believe that the uncertainty of the future should never stand in the way of progress. That’s why we exist. To help people and businesses face the future and thrive. We are change-makers enabled by a global workforce who collaborate to deliver a risk service. A team empowered to help our customers not only to survive the risks they face, but to stay on the front foot and keep moving forward. We believe the uncertainty of tomorrow isn’t something to fear but to seize; that it’s full of potential. Not only for our customers but our employees too.
We might write the future of risk for our brokers and clients, but we would love to help you write your future at Brit: a future based on not just progressing but on thriving – both professionally and emotionally. If you’re looking for a place to make a real difference read on.
What you’ll be doing
- In this role, you\’ll assist with the design and maintenance of central reserving tools, process and validate reserving data, interpret results, and produce comprehensive actuarial reports.
- You\’ll work closely with the actuarial department, underwriting, claims, finance, and audit teams, gaining exposure across multiple lines of business while developing your technical skills.
- You\’ll help prepare and undertake the production of reserving studies, applying robust analytical techniques to calculate best estimate reserves.
- You\’ll prepare and analyse reserve estimates for regulatory reporting, such as QMA, QMB, and US Trust Funds, ensuring the highest standards of accuracy and clarity.
- You\’ll support the Reserving Manager in delivering clear, insightful materials for both internal and external stakeholders through the production of formal actuarial reports, including Statements of Actuarial Opinions and Actuarial Function Reporting.
- In addition, you\’ll collaborate with pricing, underwriting, claims, reinsurance, and finance teams to gather and validate data inputs, contribute to Solvency II and IFRS17 technical provisions work, and assist in refining our processes to improve efficiency, data quality, and controls across our reserving workflows.
- You\’ll also support internal and external audit processes, including Lloyd’s reviews, ensuring our practices remain rigorous and compliant.
- If you\’re analytical, detail-oriented, and ready to contribute to a dynamic team environment, we encourage you to apply.
We welcome everyone wholeheartedly
We’ve got a truly diverse, genuinely inclusive work environment. We comfortably and confidently bring our whole selves to work, because we know we’ll be respected, valued and accepted whoever we are. Our Employee Resource groups are safe spaces for people to share their experiences, aspirations and suggestions about how we do things.
Accessibility
We are located in the Leadenhall Building on Leadenhall Street (EC3V 4AB) and are situated on floors 17, 18, and 39. All of our floors are accessible by lift, and there are building staff on hand to point you in the right direction.
The closest train / underground / DLR links are: Liverpool Street Station (7 mins), Bank Station (6 mins), Fenchurch Street Station (6 mins), Aldgate Station (7 mins).
The nearest bus stop is St Mary Axe (Stop LR or Z), which is located just outside the building.
If you have any other questions regarding accessibility, please ask.
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Actuarial Analyst employer: Ki Insurance
Contact Detail:
Ki Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst
✨Tip Number 1
Familiarise yourself with the latest actuarial software and tools commonly used in the industry. Being proficient in these can set you apart during interviews, as it shows your readiness to contribute from day one.
✨Tip Number 2
Network with professionals in the actuarial field, especially those who work at Brit or similar companies. Attend industry events or join relevant online forums to gain insights and potentially get referrals.
✨Tip Number 3
Stay updated on market trends and regulatory changes affecting the insurance industry. This knowledge will not only help you in interviews but also demonstrate your commitment to the role and the company.
✨Tip Number 4
Prepare to discuss specific examples of how you've used data analysis to solve problems or improve processes in previous roles. This practical experience is crucial for an Actuarial Analyst position and will impress your interviewers.
We think you need these skills to ace Actuarial Analyst
Some tips for your application 🫡
Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of an Actuarial Analyst at Brit. Familiarise yourself with actuarial pricing support, rating models, and risk analysis to tailor your application accordingly.
Highlight Relevant Skills: In your CV and cover letter, emphasise skills that are crucial for the role, such as data analysis, market research, and collaboration with underwriters and actuaries. Use specific examples from your experience to demonstrate these skills.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also reflects your understanding of Brit's mission to help businesses thrive amidst uncertainty. Show your enthusiasm for contributing to their goals.
Proofread Your Application: Before submitting, carefully proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise. A polished application reflects your attention to detail.
How to prepare for a job interview at Ki Insurance
✨Understand the Role
Make sure you have a solid grasp of what an Actuarial Analyst does. Familiarise yourself with key responsibilities like pricing support, data analysis, and market research. This will help you demonstrate your knowledge and enthusiasm during the interview.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples of how you've used analytical skills in past roles or projects. Highlight your experience with rating models, risk factors, and any relevant software tools. This will show that you're ready to contribute from day one.
✨Emphasise Collaboration
Since the role involves working closely with underwriters and actuaries, be ready to talk about your teamwork experiences. Share examples of how you've successfully collaborated on projects, as this will align with the company's emphasis on a collaborative work environment.
✨Ask Insightful Questions
Prepare thoughtful questions about the company’s approach to risk management and their future projects. This not only shows your interest in the role but also gives you a chance to assess if the company culture aligns with your values.