Senior Risk Actuary/ Analyst

Senior Risk Actuary/ Analyst

Full-Time 60000 - 75000 £ / year (est.) No working from home possible
QBE Europe

At a Glance

  • Tasks: Deliver insightful risk management and provide second-line challenge across various business functions.
  • Company: Join a leading insurance firm with a focus on innovation and collaboration.
  • Benefits: Enjoy 30 days holiday, flexible working, and comprehensive medical cover for you and your family.
  • Other info: Opportunities for career growth and training junior analysts within a supportive team.
  • Why this job: Make a real impact in risk management while developing your skills in a dynamic environment.
  • Qualifications: 3+ years in insurance with a quantitative background; strong analytical and communication skills required.

The predicted salary is between 60000 - 75000 £ per year.

We are looking for a Senior Risk Analyst/Actuary to join our Risk Challenge team in London on a permanent basis. This is a fantastic opportunity for someone with a strong quantitative background who is curious, keen to learn and motivated by adding real value to the business. The role offers exposure across a broad range of risk management activities, providing second line challenge to the business and partnering closely with stakeholders across QBE.

Main Responsibilities

  • Deliver insightful risk management activity, being curious and tenacious in identifying insights that support sound business and risk decisions.
  • Provide effective second-line challenge to a range of business functions, engaging constructively with stakeholders across QBE.
  • Apply actuarial or quantitative expertise to deliver agreed risk management activities, aligned to priorities set with your line manager.
  • Support, and where appropriate lead, the delivery of key risk reporting to agreed quality and governance standards.
  • Analyse quantitative risk areas including, but not limited to, Insurance Risk, Credit Risk and Market Risk.
  • Represent Risk at relevant forums, providing appropriate, proportionate and value-adding challenge.
  • Contribute to independent validation activities, such as capital model validation under Solvency II, and risk reviews of the business plan.
  • Collaborate closely with colleagues across the Risk function and other assurance teams to ensure a joined-up approach.
  • Actively role-model strong risk behaviours and promote effective risk management discipline across the business.
  • Support people development within the team, including training junior analysts and sharing knowledge across the Risk function.

Skills and Experience You'll Need

  • A quantitative background, such as an actuary or accountant (nearly or newly qualified), or similar, with at least 3 years’ experience in insurance.
  • Experience working within general insurer writing business through Lloyds is preferred.
  • Background in risk, actuarial, finance, reserving or capital modelling is desirable.
  • Ability to analyse data and provide clear, actionable insights.
  • Stakeholder engagement and relationship-management skills, with the ability to influence and challenge constructively.
  • Excellent communication and presentation skills, with the ability to articulate key messages clearly.
  • Good organisational skills and the ability to operate at pace.
  • Knowledge of risk management processes, language, tools and systems.
  • Understanding of internal models and related processes is advantageous.
  • Report-writing skills and attention to detail.
  • Good IT skills, including Microsoft Excel capability.

Benefits

  • 30 days holiday a year with the option to buy up to 2 additional days.
  • Flexible working – including part-time, job share and compressed hours.
  • Automatic enrollment in the QBE pension plan with 10% employer contributions of basic salary.
  • Fully comprehensive private medical cover for you and all family members.
  • Family friendly policies – 26 weeks leave at full pay regardless of gender identity, sexual orientation or how you become a parent.
  • Up to 20 days per year of short-term remote work abroad.
  • Sustainable investing support – our pension strategy aligns with net-zero goals, investing more in green businesses than the broader market.
  • Cycle-to-Work benefit – up to £5,000 value for bicycle purchase and accessories.

Equal Employment Opportunity

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

Senior Risk Actuary/ Analyst employer: QBE Europe

QBE is an exceptional employer that fosters a collaborative and inclusive work culture, offering a hybrid working model in the vibrant city of London. With generous benefits such as 30 days of holiday, comprehensive medical cover, and robust support for employee development, QBE prioritises the well-being and growth of its staff. The opportunity to engage in meaningful risk management activities while working alongside experienced professionals makes this role not only rewarding but also pivotal in shaping the future of the business.

QBE Europe

Contact Details:

QBE Europe Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Senior Risk Actuary/ Analyst

Network Like a Pro

Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at QBE. A friendly chat can sometimes lead to opportunities that aren’t even advertised.

Show Off Your Skills

When you get the chance to meet potential employers, make sure to highlight your quantitative skills and any relevant experience. Bring examples of your work or projects that demonstrate your ability to analyse data and provide actionable insights.

Prepare for the Interview

Do your homework on QBE and the role of Senior Risk Analyst/Actuary. Be ready to discuss how your background aligns with their needs, especially in risk management and stakeholder engagement. Practice common interview questions to boost your confidence!

Apply Through Our Website

Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the team at QBE.

We think you need these skills to ace Senior Risk Actuary/ Analyst

Quantitative Analysis
Actuarial Expertise
Risk Management
Stakeholder Engagement
Data Analysis
Communication Skills
Presentation Skills

Some tips for your application 🫡

Tailor Your CV:Make sure your CV is tailored to the Senior Risk Analyst/Actuary role. Highlight your quantitative background and relevant experience in insurance, especially if you've worked with Lloyds. We want to see how your skills align with what we're looking for!

Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to express your curiosity and motivation to add value to our business. Share specific examples of how you've delivered insights or engaged with stakeholders in previous roles. We love a good story!

Showcase Your Analytical Skills:In your application, don’t forget to showcase your analytical skills. Mention any experience you have with data analysis, risk management processes, or capital modelling. We’re keen to see how you can apply your expertise to deliver effective risk management activities.

Apply Through Our Website:We encourage you to apply through our website for a smoother process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, we love seeing applications come directly from our site!

How to prepare for a job interview at QBE Europe

Know Your Numbers

As a Senior Risk Analyst/Actuary, you'll need to demonstrate your quantitative skills. Brush up on key metrics and data analysis techniques relevant to risk management. Be prepared to discuss how you've used these skills in past roles to influence business decisions.

Engage with Stakeholders

Stakeholder engagement is crucial in this role. Think about examples where you've successfully influenced or challenged stakeholders. During the interview, show your ability to communicate clearly and constructively, as this will be key in your new position.

Show Your Curiosity

The job description highlights the importance of being curious and tenacious. Prepare questions that show your interest in the company's risk management processes and how you can add value. This will demonstrate your proactive approach and eagerness to learn.

Prepare for Technical Questions

Expect technical questions related to risk areas like Insurance Risk, Credit Risk, and Market Risk. Review your knowledge on these topics and be ready to discuss how you've applied your actuarial expertise in real-world scenarios. This will help you stand out as a knowledgeable candidate.