Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join our reserving team to analyse data and support financial reporting.
- Company: Starr Insurance is a global leader in insurance and investment, operating in 128 countries.
- Benefits: Enjoy first-class training, inclusive culture, and opportunities for growth.
- Why this job: Make an impact in a fast-growing company while developing your analytical skills.
- Qualifications: Recent graduates or students with a passion for data analysis and finance are welcome.
- Other info: We value diversity and are committed to creating an inclusive workplace.
The predicted salary is between 28800 - 48000 £ per year.
Social network you want to login/join with:
Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.
Role Purpose:
Assist the reserving team with reserve reviews, primarily within the Casualty lines of business. Support the Solvency II reporting process including Pillar III reporting, Technical Provisions and Standard Formula capital calculations.
Responsibilites:
- Assist with drafting the results for agreed lines of business across all Starr Entities, encompassing data analysis, ultimate loss ratio selections, and writing reserve reports.
- Assist with loss ratio analysis underpinning the business planning process. Assist the Reserving Team with ad-hoc queries and analyses.
- Commitment to ongoing improvement of the reserving process within the Company with particular focus on efficiencies and improvement to Actuarial MI. This includes both Power BI and excel based reporting.
- Assist in the calculation of and reporting on the Solvency II Technical Provisions including analysis of change in Technical Provisions and Own Funds, writing Actuarial Function Reports
- Assist with the development and delivery of management information for senior management including monthly Actual versus Expected reports.
- Support the Capital Team in Solvency II Standard Formula SCR calculations across all Starr Entities.
- Support the Capital Team with the increasing demand from the business in respect of Return on Equity calculations
- Support Reserving team with the independent external actuaries and external auditors in providing their annual analysis of reserves. Report any suspicion of financial crime to the Money Laundering Reporting Officer immediately.
- Operate within the Company’s standards for Treating Customers Fairly. Manage any potential conflicts of interest to avoid disrepute to the company’s integrity. Advise Compliance of any complaints immediately.
Performance measures:
- Perform Analyses with guidance and ability to sense check own work
- Ability to collaborate with others effectively when working with others on cross functional projects
- Able to manage own time but takes guidance on prioritisation.
- Assistance with the delivery of the quarterly reserving process against the deadlines set.
- Assistance with the delivery of Solvency II deadlines to Lloyd’s and the PRA.
- Accuracy of information, including Reserving, Management Information, SCR.
Starr is an equal opportunity employer, which means we\’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we\’re committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
#J-18808-Ljbffr
Actuarial Analyst (Grad Role) employer: Starr Insurance Companies
Contact Detail:
Starr Insurance Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst (Grad Role)
✨Tip Number 1
Familiarise yourself with the Solvency II framework, especially the Technical Provisions and Standard Formula capital calculations. Understanding these concepts will not only help you in interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Brush up on your data analysis skills, particularly in Power BI and Excel. Being able to showcase your proficiency in these tools during discussions can set you apart from other candidates.
✨Tip Number 3
Network with current or former employees of Starr Insurance Companies on platforms like LinkedIn. Engaging with them can provide valuable insights into the company culture and expectations, which you can leverage in your conversations.
✨Tip Number 4
Prepare to discuss your approach to teamwork and collaboration, as this role involves working closely with cross-functional teams. Have examples ready that highlight your ability to work effectively with others.
We think you need these skills to ace Actuarial Analyst (Grad Role)
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to understand the responsibilities and requirements of the Actuarial Analyst position. Highlight key skills such as data analysis, reporting, and collaboration that are essential for the role.
Tailor Your CV: Customise your CV to reflect relevant experiences and skills that align with the job description. Emphasise any actuarial projects, analytical skills, or coursework that demonstrates your capability in handling tasks like reserve reviews and Solvency II reporting.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for the insurance industry and your understanding of the role. Mention specific examples of how your background prepares you for the responsibilities outlined in the job description.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. Ensure that your information is clear and concise, as attention to detail is crucial in the actuarial field.
How to prepare for a job interview at Starr Insurance Companies
✨Understand the Role
Make sure you have a solid grasp of what an Actuarial Analyst does, especially in relation to reserving and Solvency II reporting. Familiarise yourself with key terms like 'ultimate loss ratio' and 'Technical Provisions' so you can speak confidently about them during the interview.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with data analysis and any relevant tools you've used, such as Power BI or Excel. Be ready to provide examples of how you've approached complex problems and the outcomes of your analyses.
✨Demonstrate Team Collaboration
Since the role involves working with cross-functional teams, think of examples where you've successfully collaborated with others. Highlight your ability to communicate effectively and manage your time while taking guidance from team members.
✨Emphasise Continuous Improvement
Starr Insurance values ongoing improvement in processes. Be prepared to discuss any initiatives you've taken in previous roles to enhance efficiency or accuracy, particularly in actuarial work or reporting.
