Senior Actuarial Analyst
Senior Actuarial Analyst

Senior Actuarial Analyst

London Full-Time 36000 - 60000 ÂŁ / year (est.) Home office (partial)
Q

At a Glance

  • Tasks: Support actuarial services, analyse data, and help make informed business decisions.
  • Company: QBE is a global insurer with a commitment to resilience and innovation.
  • Benefits: Enjoy flexible working, 30 days holiday, and comprehensive health insurance.
  • Why this job: Join a supportive team that values diversity and offers growth opportunities.
  • Qualifications: Actuarial exam progress and experience in Reserving preferred.
  • Other info: Hybrid work model available; be part of a company making a real impact.

The predicted salary is between 36000 - 60000 ÂŁ per year.

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Primary Details
Time Type: Full time

Worker Type: Employee
To support the provision of a range of Actuarial services to help ensure that business decisions are made using the best possible quantitative information and support
Senior Actuarial Analyst
London/ Leeds
Permanent (Hybrid)

At QBE, our purpose is to enable a more resilient future.
We are an international insurer and reinsurer with a local presence in 27 countries.
The opportunity
We\’re hiring for a Senior Actuarial Analyst to join our London or Leeds team on a full time, permanent basis. In this role, you\’ll support the provision of a range of Actuarial Reserving services to help ensure that business decisions are made using the best possible quantitative information and support.
What will you get in return?

  • Full actuarial study support including paid study leave and financial incentives linked to exam progress
  • Supportive, collaborative and fun working environment
  • A company where diversity and inclusion are much more than just buzzwords but rather philosophies which are anchored in our DNA
  • Be part of a company that writes a diverse global portfolio of insurance business and is one of the biggest players in the Lloyd’s/London market

Your new role
In this role, you\’ll maintain close working relationships with the Underwriting divisions, and Claims, Reinsurance and Finance in order to gain a thorough understanding of the portfolios and their drivers of profitability.
The Actuarial department strives for continuous improvement. We\’re supported by a dedicated combined in-house development team for database and system maintenance and development. This enables the teams to spend less time processing data and more time on analytical thinking.
Main responsibilities:

  • Good quality data provides the bedrock of any solid actuarial analysis – you will spend time preparing, validating, and analysing data for use in models.
  • Use your growing actuarial knowledge to help make parameterisation decisions e.g. how volatile should a particular distribution be? How much can we rely on the historical claims data when trying to model the future?
  • Help to calibrate and run models (e.g. reserving models, capital models etc.) and then analyse the outputs to make sure the results make ‘real-world’ sense
  • Use the outputs of these models to help the company make better decisions e.g. should we buy an additional layer of reinsurance coverage or not? Should we continue writing a particular type of insurance business?
  • Reserving: support half yearly reserve assessments, monitoring performance with interim analyses including actual vs expected and portfolio analysis. Helping to provide business analysis/MI for reports and accounts.
  • Capital Modelling: assist in the preparation of Reserve Risk and Underwriting Risk parameterisation
  • Ensure to maintain the high standards of the actuarial profession by complying with all:
  • Relevant actuarial standards and good practice
  • Legal and regulatory requirements

About You
We’re looking for someone who’s currently working through their actuarial exams and have some experience in Reserving ideally from within London Market General Insurance.
Skills you\’ll need:

  • Communicate information in a clear, well-organised and professional manner
  • Comfortable in building and maintaining strong relationships both internally and externally
  • Ability to work independently
  • Strong skills in Excel and other analytical tools
  • Comfortable working with and interpreting numerical data
  • Ability to organise own work to meet deadlines
  • Demonstrated interest in enhancing knowledge; seeks opportunities to learn and grow

Why QBE? At My Best

At QBE, we want our people to feel rewarded and inspired to perform at their best, that’s why we have created “At My Best”. It’s our connection, our way of showing we have your back. We understand that one size doesn’t fit all and that priorities can change depending on your life stage. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you. It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA.
We’re an international insurer that’s building momentum towards realising our vision of becoming the most consistent and innovative risk partner. We can never really predict what’s around the corner, but at QBE we’re asking the right questions to enable a more resilient future – helping those around us build strength and embrace change to their advantage.

QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job, we have adopted flexible working across the company and welcome this conversation ( more than more than 13,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.

To find out more about why you should work for QBE, visit our careers website.

At My Best – QBE Benefits
You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support and flexibility to help you concentrate on living your best life personally and professionally. As well as the benefits below we also offer an extensive choice of other options to suit you!

30 days holiday a year with the option to buy up to 2 additional days.
Flexible working – balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share and compressed hours.
Pension – you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
Private medical insurance – we fund fully comprehensive private medical cover for you and all the family.
Family friendly policies – we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
Short term remote work abroad – you can request up to 20 days per year to work remotely from certain locations abroad.
Sustainable investing – we believe sustainable integration is important for long term financial, environmental, and social outcomes. Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market, so your savings are looking after the planet\’s future, as well as your own.
Cycle-to-Work – benefit from regular exercise whilst making your commute greener and cheaper, select and bike and/or accessories up to the value of £5,000.
To find out more visit our Reward Page

QBE Awards
Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include;

AXCO Global Insurance Awards 2024 Winner: Network Management of the Year
Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer
UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year
Working Dads Employer Awards 2023 Winner: Parental Policies Award
Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employer

You can view all our awards here

Inclusion of Diversity
We are striving to create a workplace culture where all our people feel included, and we are committed to building a diverse workforce that is reflective of the communities we operate in. We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent. For more information on our strategy targets please take a look at our Careers Page

Accessibility
Here at QBE, we are promoting an accessible workplace for all, which includes supporting candidates to perform at their best during their recruitment process. If you require any accommodations, please make your Talent Acquisition contact aware.

ESG & Sustainability

At QBE, we believe that integrating sustainability into our business helps us deliver on our purpose of enabling a more resilient future. Our three key focus areas include fostering an orderly and inclusive transition to a net-zero economy, enabling a sustainable and resilient workforce, and partnering for growth through innovative, sustainable, and impactful solutions. For further information regarding QBE’s sustainability targets, including our net-zero pledges and inclusion of diversity targets, and our award-winning impact investment initiative ‘Premiums4Good’, please visit our Sustainability homepage and read our latest Sustainability Report
What next? If you have a passion to contribute to QBE’s vision of enabling a more resilient future for our customers and the community, we encourage you to apply! Simply click the “apply” button to submit your CV and other relevant documents, and a member of our friendly Talent Acquisition team will be in contact to discuss your interest further if you meet the requirements of the role.
We believe this is our moment – what if it was yours too?
APPLY NOW and let’s make it happen!
#reserving #actuaryexams
Skills:
Actuarial Science, Analytical Thinking, Business Writing, Communication, Critical Thinking, Customer Service, Data Science, Detail-Oriented, Financial Modeling, Financial Risk Management (FRM), Intentional collaboration, Managing performance, Process Improvements, Risk Management, Stakeholder Management
How to Apply:
To submit your application, click \”Apply\” and follow the step by step process.
Equal Employment Opportunity:
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

Seniority level

  • Seniority level

    Not Applicable

Employment type

  • Employment type

    Full-time

Job function

  • Job function

    Finance and Sales

  • Industries

    Insurance

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Senior Actuarial Analyst employer: QBE Europe

At QBE, we pride ourselves on being an exceptional employer, offering a supportive and collaborative work environment that champions diversity and inclusion. With comprehensive benefits such as flexible working arrangements, extensive actuarial study support, and a commitment to employee growth, our London and Leeds teams are dedicated to fostering a culture where every individual can thrive and contribute to a resilient future.
Q

Contact Detail:

QBE Europe Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Actuarial Analyst

✨Tip Number 1

Network with professionals in the actuarial field, especially those who work at QBE or similar companies. Attend industry events, webinars, or local meetups to make connections and learn more about the company culture and expectations.

✨Tip Number 2

Familiarise yourself with the latest trends and developments in actuarial science, particularly in reserving and capital modelling. This knowledge will not only help you during interviews but also demonstrate your commitment to staying current in the field.

✨Tip Number 3

Prepare for potential interview questions by practising how to explain complex actuarial concepts in simple terms. This skill is crucial as you'll need to communicate effectively with various stakeholders within the company.

✨Tip Number 4

Research QBE's values and recent initiatives, especially around diversity and inclusion. Being able to discuss how your personal values align with theirs can set you apart from other candidates and show that you're a good cultural fit.

We think you need these skills to ace Senior Actuarial Analyst

Actuarial Science
Analytical Thinking
Data Analysis
Financial Modelling
Risk Management
Communication Skills
Attention to Detail
Stakeholder Management
Problem-Solving Skills
Excel Proficiency
Business Writing
Critical Thinking
Customer Service Orientation
Process Improvement

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in actuarial analysis, particularly in reserving and capital modelling. Use specific examples that demonstrate your analytical skills and familiarity with the London Market.

Craft a Strong Cover Letter: In your cover letter, express your passion for actuarial science and how your skills align with QBE's mission of enabling a more resilient future. Mention any relevant actuarial exams you are currently pursuing and how they relate to the role.

Showcase Your Analytical Skills: Provide examples of past projects or experiences where you successfully used data analysis to inform business decisions. Highlight your proficiency in Excel and other analytical tools, as these are crucial for the role.

Prepare for Potential Questions: Think about how you would answer questions related to your understanding of actuarial standards and practices. Be ready to discuss how you ensure compliance with legal and regulatory requirements in your work.

How to prepare for a job interview at QBE Europe

✨Understand the Role

Before your interview, make sure you thoroughly understand the responsibilities of a Senior Actuarial Analyst. Familiarise yourself with key concepts in actuarial reserving and capital modelling, as well as the specific requirements mentioned in the job description.

✨Showcase Your Analytical Skills

Be prepared to discuss your experience with data analysis and modelling. Highlight any relevant projects where you've used Excel or other analytical tools to derive insights from numerical data, as this is crucial for the role.

✨Demonstrate Communication Skills

Since the role involves building relationships with various departments, practice articulating complex actuarial concepts in a clear and professional manner. Be ready to provide examples of how you've effectively communicated findings to non-technical stakeholders.

✨Prepare Questions

At the end of the interview, you'll likely have the opportunity to ask questions. Prepare thoughtful questions about the company's approach to actuarial services, their team dynamics, and opportunities for professional development, which shows your genuine interest in the role.

Senior Actuarial Analyst
QBE Europe
Q
  • Senior Actuarial Analyst

    London
    Full-Time
    36000 - 60000 ÂŁ / year (est.)

    Application deadline: 2027-07-24

  • Q

    QBE Europe

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