At a Glance
- Tasks: Assist with analysis and reporting in the UK Actuarial Function, collaborating across teams.
- Company: Join Sompo UK, a forward-thinking company with a focus on strategic objectives.
- Benefits: Flexible working, competitive salary, and opportunities for professional growth.
- Other info: Dynamic team atmosphere with opportunities to work on exciting projects.
- Why this job: Make an impact in the actuarial field while developing your skills in a supportive environment.
- Qualifications: 2-5 years in an actuarial role with strong communication and problem-solving skills.
The predicted salary is between 29700 - 36300 £ per year.
The purpose of the Actuarial Analyst is to assist with the analysis and reporting within the UK Actuarial Function, supporting the achievement of Sompo UK's strategic objectives. The role requires strong communication skills given the need to interact with various teams including other Actuarial areas, Underwriting, Claims, Finance, Risk and Capital, amongst others. The role is a junior position in the UK Actuarial Function team, overseen by the Chief Actuary, Sompo UK.
KEY RESPONSIBILITIES
- Assist in the delivery of accurate management information and reporting for the UK entities, applying market insights and critical judgement to the process.
- Support the Lloyd's reporting requirements for the Syndicate 4711 as well as responses to requests from the PRA.
- Development of Management Information to enhance Executive, Board and Senior Management understanding of key actuarial insights, in respect of all aspects of the UKAF.
- Support to the Head of UK Regulatory Reserving relating to the SII/Technical Provisions.
- Work collaboratively with other business functions in fulfilling the UKAF's objectives.
- Assist with the preparation of the Actuarial Function Holder reports.
- Support and assist in actuarial projects and initiatives.
- Assist with independent reviews, responding to both internal and external stakeholder challenge.
- Collaborate with pricing and reserving to strengthen the feedback loop between the teams.
- Support with the review and challenge of the UK entity reserving results.
- Be able to effectively articulate the legal and regulatory demands impacting the actuarial team and broader business.
- Contribute to decision making with regards to technical actuarial issues.
QUALIFICATIONS AND EXPERIENCE
- 2-5 years within an actuarial role in general insurance with relevant experience of actuarial analyses and project related work.
- Strong interpersonal and communication skills.
- Good organisational and problem-solving skills.
- Able to work independently and collaboratively as part of a team.
- Proficient in MS Office applications; Word, Excel, and PowerPoint.
- Ability to utilise Power BI and use of programming languages will be helpful, but not a necessity.
Location: London, United Kingdom
Type: Full time
Actuarial Associate Consultant - flexible working in London employer: Sompo International
Sompo is an exceptional employer, offering a dynamic work environment in the heart of London where Actuarial Analysts can thrive and develop their careers. With a strong focus on collaboration, employee growth opportunities, and a commitment to diversity and inclusion, we provide competitive compensation and comprehensive benefits that support our employees' well-being and professional development. Join us to make a meaningful impact while working alongside experienced professionals in the exciting field of Specialty Lines insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Associate Consultant - flexible working in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Sompo International). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Sompo International. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Associate Consultant - flexible working in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Sompo International.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Sompo International. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Sompo International
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Sompo International to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Sompo International, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Sompo International's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
