At a Glance
- Tasks: Join a dynamic team to analyse data and support actuarial projects.
- Company: Forward-thinking actuarial department with strong industry presence.
- Benefits: Gain exposure to diverse actuarial roles and innovative projects.
- Other info: Collaborate with senior members and explore machine learning opportunities.
- Why this job: Make an impact in the insurance industry while advancing your actuarial career.
- Qualifications: Progress in actuarial exams and a background in Maths/Statistics/Science.
The predicted salary is between 30000 - 40000 £ per year.
A high performing and forward looking actuarial department is looking for an analyst with an actuarial background to bolster the team. Strong actuarial presence is at the core of the organisation, across all departments including the Executive team. We are looking for an individual making good progress with actuarial exams to join the team where they will get exposure to all the traditional actuarial roles (capital modelling, pricing, reserving, business planning etc).
The ideal candidate will be comfortable interacting with other teams within the business and have a Mathematical/Statistical/Science background within the Insurance industry. There will be opportunities to get involved with forward looking projects using machine learning and data science (depending on experience).
Duties And Accountabilities
- Business Planning & Capital Modelling – a bespoke internal model written in VB.NET is in use for Solvency II purposes. The model is used for capital setting, reinsurance purchasing, business planning, risk appetite setting and monitoring on a monthly basis.
- Setting parameters for and running model on a monthly basis to monitor risk against pre-defined appetite and tolerances.
- Solvency II: analysis and reporting.
- Reserving: full quarterly analyses using ICRFS including confidence intervals and monthly actual versus expected exercises.
- Pricing support: ad hoc pricing using frequency severity analysis in R Market analysis.
- Processing of data from external economic scenario generator and analysis of monthly investment performance.
- Opportunity to support the maintenance of pricing models on our new platform (hx Renew), which relies on understanding and day to day use of Python.
- Undertake specific project work and other related tasks to support the work of the Actuarial team as required.
Skills, Knowledge And Experience
- Made progress with actuarial exams / part qualified
- Demonstrable actuarial experience preferably in a Lloyd's environment
- Relevant statistical/data manipulation/data analysis skills
- Relevant academic background (preferably in Maths/Statistics/Science)
- Highly proficient in required IT packages (Pyramid, Power BI an advantage)
- Good organisation and planning
- Good written and face to face communication skills
- Programming skills desirable but not mandatory (Python and R an advantage)
Actuarial Analyst in Slough employer: n/a
Join a dynamic and innovative actuarial department that prioritises professional growth and collaboration. As an Actuarial Analyst, you will benefit from a supportive work culture that encourages continuous learning through exposure to diverse projects, including cutting-edge machine learning applications. Located in a vibrant area, the company offers a range of employee benefits and opportunities for career advancement, making it an excellent choice for those seeking a meaningful and rewarding career in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst in Slough
✨Tip Number 1
Network like a pro! Reach out to professionals in the actuarial field on LinkedIn or at industry events. We can’t stress enough how important it is to make connections; you never know who might have the inside scoop on job openings.
✨Tip Number 2
Prepare for those interviews! Brush up on your technical skills and be ready to discuss your actuarial exams and projects. We recommend practising common interview questions and even doing mock interviews with friends or mentors.
✨Tip Number 3
Show off your skills! If you’ve worked on any relevant projects, create a portfolio or a presentation to showcase your work. We love seeing candidates who can demonstrate their experience and knowledge in a tangible way.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we often have exclusive roles listed there that you won’t find anywhere else.
We think you need these skills to ace Actuarial Analyst in Slough
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your actuarial background and any progress you've made with your exams. We want to see how your skills align with the role, so don’t be shy about showcasing your relevant experience!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about the Actuarial Analyst position and how your background in Maths/Statistics/Science makes you a great fit for our team.
Showcase Your Technical Skills:If you've got experience with programming languages like Python or R, make sure to mention it! We love seeing candidates who are comfortable with data manipulation and analysis, especially in relation to our projects.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us that you’re serious about joining our forward-looking actuarial team!
How to prepare for a job interview at n/a
✨Know Your Actuarial Stuff
Make sure you brush up on your actuarial knowledge, especially around capital modelling, pricing, and reserving. Be ready to discuss your progress with actuarial exams and how your experience aligns with the role. This shows you're not just a number cruncher but someone who understands the bigger picture.
✨Show Off Your Technical Skills
If you've got experience with programming languages like Python or R, make sure to highlight that. Even if it's not mandatory, it can set you apart. Be prepared to talk about any projects where you've used these skills, especially in relation to data analysis or machine learning.
✨Communicate Like a Pro
Since you'll be interacting with various teams, strong communication skills are key. Practice explaining complex actuarial concepts in simple terms. This will demonstrate your ability to collaborate effectively and ensure everyone is on the same page.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities, especially in real-world scenarios related to risk management or business planning. Think of examples from your past experiences where you've successfully tackled challenges, and be ready to share those stories.
