Senior Actuarial Analyst in City of London

Senior Actuarial Analyst

To Provide actuarial expertise in reserving and pricing across 30+ niche commercial lines products, supporting key business decisions with accurate analysis and insights.
The role focuses on enhancing processes and collaborating with stakeholders to drive strategic goals, optimise performance and deliver actionable solutions.

Key Responsibilities:

Technical

• Assist in the preparation and analysis of quarterly reserving estimates, ensuring accuracy within reporting timelines.
• Use analytical tools (e.g. Excel, SQL) to maintain and enhance data quality for accurate reserving and pricing models.
• Support the development and enhancement of pricing and reserving models whilst ensuring alignment within industry best practices.

Reporting

• Work closely with key stakeholders including Portfolio Directors, Data Team and insurance providers to communicate reserving outcomes and pricing strategies.
• Draft and deliver reports and documentation on reserving processes and pricing methodologies, maintaining compliance with professional standards.

General

• Identify and implement process improvements to enhance efficiency and effectiveness in actuarial functions.
• Participate in ad-hoc analyses and strategic initiatives as required to support business objectives.
• Pursue professional development and excellence with the support of the Learning & Development team

Conduct Rules and Fitness & Propriety

All PIB employees are expected to conduct themselves with integrity and professionalism, placing the customer at the centre of all we do and is central to our culture. You must adhere at all times to the FCAs Conduct Rules set out below.

Individual Conduct Rules:

You must act with integrity. You must act with due skill, care and diligence. You must be open and cooperative with the FCA, the PRA and other regulators. You must pay due regard to the interests of customers and treat them fairly. You must observe proper standards of market conduct.

Compliance with the FCA Conduct Rules is required at all times and will be evidenced through annual performance reviews.

Fitness & Propriety

You will be assessed on a regular basis in line with PIBs requirements to ensure that you:
Maintain your fitness at an appropriate level to undertake the function you perform in a sound and prudent manner at all times-this relates to your experience, knowledge, skills and professional qualifications(where appropriate) and associated CPD. Maintain your propriety at all times-this relates to good repute, honesty, integrity and financial soundness. This includes advising the firm of any changes in circumstances and conflicts of interest that could materially affect your fitness or propriety. Have undertaken or are undertaking all relevant training.

Compliance of Fitness & Propriety will be evidenced through PIBs annual checks on Fitness & Propriety (e.g. financial soundness), through annual performance reviews and through completion of your Fitness & Propriety Declaration.

Qualifications

• Bachelor\’s degree in Actuarial Science, Mathematics or a related field
• Progressing towards an actuarial qualification or similar body

Experience

• A minimum of 2-4 years of non-life industry experience in actuarial roles, preferably in reserving
• Experience with ResQ
• Experience with other actuarial industry software: Radar, Akur8, Emblem, Earnix

Knowledge

• Understanding of general insurance principles and practices
• Understanding of the Lloyds and London markets lines of business

Skills

• Proficiency in Excel
• Strong analytical skills with the ability to interpret complex data and derive actionable insights.
• Strong organisational skills and the ability to manage multiple tasks and projects effectively.
• Excellent communication skills, with the ability to present technical information clearly to both technical and non-technical stakeholders.
• Familiarity with programming languages such as SQL, R, or VBA for data analysis and model development
• A proactive and collaborative approach to working with cross-functional teams.

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