At a Glance
- Tasks: Lead actuarial processes, analyse data, and influence strategic decisions in a dynamic insurance environment.
- Company: Join a leading MGA within a global insurance group, known for innovation and growth.
- Benefits: Competitive salary, hybrid work model, and opportunities for professional development.
- Other info: Collaborative culture with excellent career advancement opportunities.
- Why this job: Make a real impact in a key leadership role while working with diverse teams.
- Qualifications: Newly-qualified actuary with strong analytical skills and experience in non-life insurance.
The predicted salary is between 36000 - 60000 £ per year.
Our client, a well-established MGA that forms part of one of the world’s largest insurance groups, is seeking an Actuarial Manager to join their growing team. This is a key leadership position within the actuarial function, responsible for delivering high-quality reserving, pricing, and performance analysis across multiple product lines. The role will work closely with underwriting, finance, and senior leadership teams to ensure decisions are supported by robust actuarial insight and data-driven analysis. This is an excellent opportunity for a commercially minded newly-qualified actuary to take ownership of key actuarial processes, influence strategic direction, and contribute to the continued growth of a successful and innovative international business.
Role Responsibilities
- Lead the quarterly reserving and profitability review process, assessing performance across business lines and identifying emerging trends or underwriting concerns.
- Project profit commission receipts and support wider financial forecasting activities.
- Review, challenge, and refine existing pricing strategies to ensure alignment with business objectives and market conditions.
- Develop and maintain pricing models, including calibration of rating factors in response to experience and exposure.
- Conduct in-depth analysis of pricing data to inform profitability reviews and portfolio management decisions.
- Develop and enhance MI dashboards and rate monitoring tools to provide clear, actionable insights to stakeholders.
- Ensure the accuracy, timeliness, and integrity of all actuarial reporting and documentation.
- Act as a key point of contact for relevant underwriting teams, providing expert actuarial support and building strong working relationships.
- Work on a varied exposure to different classes of business.
- Collaborate with actuarial and underwriting colleagues across multiple geographic locations.
Qualifications
- Newly-qualified actuary (FIA or equivalent) with proven experience in non-life insurance.
- Strong academic background – First-class or 2:1 degree in Mathematics, Statistics, Actuarial Science, or a related field.
- Significant experience in reserving within an insurance or reinsurance environment (MGA experience advantageous).
- Advanced technical and analytical skills, including experience with ResQ, SQL, and ideally HX and Python or similar analytical tools.
- Excellent communication and presentation skills, with the ability to explain complex actuarial concepts to non-technical stakeholders.
- Strong attention to detail and accuracy, with the ability to manage multiple priorities in a fast-paced environment.
- Demonstrated ability to work both independently and collaboratively within a small, fast-paced team.
If you are passionate about this opportunity and meet the qualifications and skills outlined, we encourage you to promptly submit your CV for consideration. Please note that the duties mentioned above are not exhaustive, and the role's responsibilities may evolve in response to changing circumstances and requirements.
Senior Actuarial Analyst employer: Sure Exec Search
At Sure Exec Search, we pride ourselves on being an excellent employer by fostering a collaborative work culture that values innovation and security in the rapidly evolving field of AI and emerging technologies. Located in the vibrant city of London, we offer our employees competitive benefits, opportunities for professional growth, and a chance to work alongside industry experts dedicated to responsible technology adoption. Join us to be part of a forward-thinking team that prioritises your development while making a meaningful impact in the tech landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Analyst
✨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 Sure Exec Search). 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 Sure Exec Search. 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 Senior Actuarial Analyst
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 Sure Exec Search.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Sure Exec Search. 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 Sure Exec Search
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Sure Exec Search 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 Sure Exec Search, 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 Sure Exec Search'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.
