Senior Actuarial Analyst - Reserving
Location: London
Contract Type: Permanent
Work Pattern: Full Time and Hybrid
About The Job
Our Reserving team has a key position in our evolving business. The team is crucial to our financial and regulatory reporting and pivotal to providing insight on our business performance.
Analysts within the team are involved in the data processing, discussions with stakeholders, projections and analysis that underpins the work of the team. This role includes the opportunity to study for the actuarial exams but is also open to qualified actuaries or those with experience who are no longer studying.
What you’ll spend your time doing:
Here’s a snapshot of some of the key parts of the job:
Data Processing and Interrogation
- Ensure the data that supports the reserving exercise is robust.
- Create and run processes to ensure data is efficiently and effectively transferred for use in the reserving exercise.
- Use understanding of data available to ensure the reserving exercise is undertaken in the most informative way.
Analysis and Projections
- Undertake and review reserving projections to provide estimates for use in financial reporting and consideration of business performance
- Undertake analysis on data to inform reserving conclusions and drive additional insight, including suggesting innovative analysis to understand emerging risks
- Supporting the development and delivery of new reserving tools within the team, including the opportunity to work with new tools and software
Communication
- Discuss trends and analysis with a range of business areas including claims, underwriting and pricing
- Communicate outcomes of analysis to a wide range of stakeholders in order to ensure these are understood and have maximum impact
- Actively contributing to the actuarial team culture of high performance and inclusivity
You’re going to enjoy this job if you…
- Are a strong problem solver who enjoys thinking through the best way of processing data and analysing information
- Want to do impactful work that has the potential to meaningfully improve existing processes and results
- Have a high attention to detail and accuracy
- Have an inquisitive mind and question what you are doing and why
- Can communicate complicated concepts effectively in person and in writing
What you’ll need:
For this particular role we need you to have:
- Experience in an actuarial role considering appropriate analysis and solving problems (does not have to be in reserving)
- Good logical reasoning skills coupled with commercial acumen
- Excellent communication skills
We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!
What Can You Expect From Us?
- Competitive Base Salary
- Performance Related Discretionary Bonus
- Holiday: 28 days core annual leave, and you can buy up to 5 days
- Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
- Private Medical: cover for yourself. Family members/dependants can be added.
- Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits.
- Life Assurance: 5 x annualised base salary
- Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1.
- Continuous Learning Approach: Including study support with professional qualifications.
- Carers Leave: 5 days full pay.
- Employer Supported Volunteering: 3 days volunteering leave - full pay.
- Annual health screening
- Give as you earn
- Cycle to work
- Season ticket loan
- Green car scheme
- Retail discount platform
About MS Amlin
MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd’s, Continental European, US and Bermudian global (re)insurance markets.
This role is in our Lloyd’s business
Our Lloyd’s business writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world. We operate from our offices in the heart of London’s (re)insurance district and from our market hubs in Asia and the Middle East. We work in partnership with our brokers and clients to provide proactive risk solutions and support across a broad range of trades and industries. We operate through our Lloyd’s Syndicate 2001, and we can trace our roots in the insurance market, back over 100 years.
What We Do
Millennium is a global alternative investment management firm, founded in 1989, which manages $54.9 billion in assets. We seek to pursue a diverse array of investment strategies across industry sectors, asset classes, and geographies.
Our four primary strategies are RV Fundamental Equity, Equities Arbitrage, Fixed Income Strategies, and Quantitative Strategies.
Millennium was founded on the belief that innovation and results come from empowering talented, independent-minded individuals. To us, success is the combination of drive and discipline.
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