Actuarial Analyst

  • Full-time
  • Working Hours: 35 hours per week
  • Salary: Competitive
  • Department: Actuarial

Company Description

Here at esure Group, we’re no strangers to change. As one of the industry leaders in the insurance business, striving to become a world class digital insurer, we’re getting ready for more. It’s creating great new opportunities for innovative and talented industry professionals to join us at a pivotal point in our development.

It’s an opportunity you simply don’t want to miss. You can expect our investment in you to include a highly competitive package, career and development opportunities and flexible benefits built around you and your lifestyle.

Job Description

We currently have a fantastic opportunity for an Actuarial Analyst to join us on a permanent basis!

As a key member of esure's Finance team, the Actuarial Analyst will contribute to the enhancement of business insight and performance through actuarial analysis, whilst fulfilling regulatory reporting accountabilities efficiently and professionally.

 

What the role involves:

Business Insight and Reserving - Immersing yourself within the business to understand the drivers and uncertainties behind claims emergence, the Actuarial Analyst will carry out reserve reviews to underpin esure’s booked claims reserves. You'll strive to make our analysis and interaction with colleagues in Claims Analytics, Pricing, Planning, Capital Management, and the wider business close and continuous to land practical and engaging insight

Communication - We are on a journey to make significant improvements to the processes and capabilities of the team, through building enhanced models and using more sophisticated modelling techniques, implementing new tools and reporting suites, and ensuring a greater integration with the rest of the business. We are looking for a collaborative Actuarial Analyst to add value to the teams continuous development.

Our Tech Journey and Future Development - esure is undergoing a transformation in tech platforms which will make our data more enriched and accessible than it has ever been. Where our analysis can be automated, we want to use our new systems wherever possible whilst holding ourselves to the highest professional standards. This will further enable us to monitor emerging trends and drivers of performance, especially for the more complex and long-tailed claims. This will involve collaborating with our Data Science team.

 

The day to day:

Undertaking internal reviews across the Motor and Home portfolios to produce the best estimate and reporting results to internal parties including Reserve and Audit Committees and producing formal Actuarial reports.

Carrying out data manipulation using SQL/Python to help investigate emerging trends and explain drivers of results, and developing processes and methodology to improve the efficiency, accuracy and communication of results.

Building effective relationships with other teams to bring actuarial insight to the forefront of business decision making with the aim of demonstrably improving business performance and supporting other areas of the Finance function with business planning and forecasting.

Qualifications

We would love you to bring:

  • Minimum 2:1 degree or equivalent with substantial mathematical/statistical content
  • Student Actuary with experience within general insurance reserving, ideally with Retail UK Motor and Home business experience
  • Good progress with exams with Core Principle exams completed or close to completion.
  • Experience of ResQ and SQL/Python beneficial
  • Strong Excel model building skills including VBA coding
  • The candidate must be well organised and have a logical approach to problem solving, with attention to detail and excellent communication skills.
  • Strong teamwork with can do attitude and enthusiastic approach.

 

We’ll help you gain:

  • Exposure to wider business area such as Pricing, Risk and Data Science to enhance your knowledge and career growth
  • Engagement in preparing Reserve Committee papers and attending the meeting to understand the wider business issues relating to reserves and how our numbers help the business and its impact on company financials

Additional Information

What we will offer you in return:

  • A competitive salary that recognises your skills, experience and potential
  • 25 days annual leave plus 8 flex days (equivalent to bank holidays to be taken as and when suits you) 
  • Bonus scheme
  • Flexible working – including hybrid working post covid
  • Staff discount on our products

 

At esure, we are committed to promoting equity, inclusion and diversity. We celebrate and nurture our diversity because it makes strong business sense and because it’s the right thing to do. We are passionate about making everyone feel welcome, included and comfortable bringing their whole self to work every day.

esure cares for our people, our customers, our society and our planet. We aim to ensure all colleagues and job applicants are given equal opportunity and our company is truly representative of all sections of society and our customers. esure is an inclusive environment which provides everyone the support they need to feel included, thrive, grow, meet their goals and have some fun.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

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