At a Glance
- Tasks: Join a dynamic team to analyse data and support actuarial projects.
- Company: Forward-thinking actuarial department with strong team collaboration.
- Benefits: Gain exposure to diverse actuarial roles and innovative projects.
- Other info: Opportunities for growth and involvement in machine learning projects.
- Why this job: Make an impact in a supportive environment while progressing your actuarial career.
- Qualifications: Progress with actuarial exams and a background in Maths/Statistics/Science.
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. There will be opportunities to get involved with forward looking projects using machine learning and data science (depending on experience).
Duties And Accountabilities
The ideal candidate will get to work alongside senior members of the team across the following activities:
- 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
The successful candidate will have:
- 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 employer: Resourgenix Ltd
Join a dynamic and innovative actuarial department that prioritises employee development 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 professional growth opportunities and a strong commitment to work-life balance, making it an excellent choice for those seeking a fulfilling career in actuarial science.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst
✨Network Like a Pro
Get out there and connect with people in the actuarial field! Attend industry events, join online forums, or even reach out to alumni from your university. Building relationships can lead to job opportunities that aren't even advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your actuarial skills and any relevant projects you've worked on. Whether it's capital modelling or using Python, let them know what you bring to the table!
✨Ace the Interview
Prepare for interviews by practising common actuarial questions and scenarios. Be ready to discuss your exam progress and how your background in Maths or Statistics makes you a great fit for the role. Confidence is key!
✨Apply Through Us!
Don't forget to check out our website for the latest job openings. Applying directly through us not only gives you access to exclusive roles but also shows your commitment to joining our team!
We think you need these skills to ace Actuarial Analyst
Some tips for your application 🫡
Show Off Your Actuarial Journey:Make sure to highlight your progress with actuarial exams in your application. We want to see how far you've come and your commitment to the field, so don’t hold back on sharing your achievements!
Tailor Your Application:Take a moment to customise your CV and cover letter for this role. Mention specific skills and experiences that align with the duties listed, like your experience with capital modelling or data analysis. It helps us see why you’re a great fit!
Be Clear and Concise:When writing your application, keep it straightforward and to the point. Use clear language to describe your experiences and skills, as we appreciate good communication just as much as technical know-how.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Resourgenix Ltd
✨Know Your Numbers
Brush up on your actuarial knowledge and be ready to discuss key concepts like capital modelling, reserving, and pricing. Make sure you can explain how these areas relate to the role and the company’s objectives.
✨Showcase Your Skills
Prepare to demonstrate your statistical and data analysis skills. Bring examples of past projects or experiences where you've used tools like R or Python, even if they're from your studies. This will show your practical understanding of the role.
✨Communicate Clearly
Practice explaining complex actuarial concepts in simple terms. The ability to communicate effectively with non-actuarial teams is crucial, so be ready to showcase your communication skills during the interview.
✨Ask Insightful Questions
Prepare thoughtful questions about the team’s current projects, especially those involving machine learning and data science. This shows your interest in the role and helps you understand how you can contribute to the team’s success.
