Actuary

  • 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

Are you a fully or nearly qualified actuary looking for their next career move?

esure are currently looking for an Actuary to join us on a permanent basis to enhance business insight and performance through actuarial analysis. Fulfil regulatory reporting accountabilities efficiently and professionally.

The day to day:

Business Insight and Reserving:

As an Actuarial team, our primary objectives are simple - to expertly carry out reserve reviews to underpin esure’s booked claims reserves.

We believe the best way to do this is by immersing ourselves within the business to truly understand the drivers and uncertainties behind claims emergence. Once we have achieved this, the booking by our colleagues in Finance is simply the final piece of the jigsaw.

We therefore strive to make our analysis and collaboration with colleagues in Claims Analytics, Pricing, Planning, Capital Management and the wider business close and continuous to land practical and engaging insight.

Team Structure:

As a senior member of the Actuarial team, the Actuary will use their experience to shape the analysis and reporting of ultimate claims projections for the reporting of performance to the Group Executive, Board and Shareholder alongside statutory reporting on an IFRS and Solvency II basis. This will involve hands on analysis coordinated by an Actuarial Manager but also involve leading junior resources wherever applicable.

IFRS 17:

We are, of course, also on a journey to understand and implement IFRS17 reporting. Along with the rest of the team you will shape the actuarial aspects of the new standards and help take us to full implementation.

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 maximise our new systems whilst holding ourselves to the highest professional standards. This will free up time to explore emerging trends and drivers of performance, especially for the more sophisticated and long-tailed claims.

Part of our transformation ambition is to use data science wherever we can to achieve market leading analysis. Collaborating closely with esure's data science team, our Actuary will explore the art of the possible for next generation reserving techniques.

Qualifications

We would love you to bring:

  • Fully or nearly qualified actuary (IFoA or equivalent)
  • Experience in personal lines reserving
  • A real passion for driving colleagues within the team to be the best that they can through mentoring
  • A passion for communication and the ability to build meaningful relationships throughout the organisation
  • Experience in, or a desire to explore, the insights that can be achieved by using machine learning techniques in reserving

We’ll help you gain:

Exposure to wider business area such as pricing/Risk and data science to improve your knowledge and career growth.

Engagement in preparing Reserve Committee papers and sometimes attend the meeting to understand the wider business issues relating to reserves and expose to 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

 

We welcome you to ask about the flexibility you need. This might be part-time, job share or compressed hours for example. Anyone who applies for a role can ask about flexibility at interview. In return, we will explore what is possible for the role.

We understand some people may not apply for jobs unless they tick every box. If you are excited about joining us and think you have some of what we are looking for, even if you’re not 100% sure we would love to hear from you.

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