Senior Actuarial Analyst

Location
City of London
Salary
£60000 - £70000 per annum
Posted
12 Jul 2019
Closes
19 Jul 2019
Ref
J5919
Contact
Daniel Wexler
Contract Type
Permanent
A Commercial Insurance company based in London is currently recruiting for a Senior Actuarial Analyst to join their Actuarial Motor team.

The team are responsible for reserving, pricing, capital modelling, monitoring and forecasting of the company's lines of business. You will be working closely with other departments, including Underwriting, Finance and Claims, therefore be a confident communicator and able to work well as part of a team.

Your specific role will be supporting the current team of Analysts and Managers in the monitoring and analysis of the performance of the company's motor account, and responsible for the evaluation of reserves and monitoring of claims trends.

You will ideally have previous experience at a senior level within a similar role, capable of carrying out claims and pricing analysis using a number of appropriate actuarial and statistical methods of analysis. You will be working closely with other departments, including Underwriting, Finance and Claims, therefore be a confident communicator and able to work well as part of a team.

Main duties and responsibilities within the Senior Actuarial Analyst role:
- Carry out and peer review elements of the quarterly and monthly reserve review exercises carried out across the team, as well as additional claims related analysis.
- Ensure production of analysis of Claims performance, identifying trends and features, producing claims projection models, which includes the interpretation and communication of suitable recommendations to Senior Management.
- Working on ad hoc pricing projects with the overall aim of having a direct impact on profitability.
- Leading the departments thinking in the pro-active use of data available and wider insurance business awareness to support the underwriting and claim functions in identifying areas of interest.
- Assist in the development and maintenance of effective statistical models and MI in relation to the company's underwriting performance and pricing strength.
- Assist in the presentation of statistics and reports to Management.
- Model, interpret and monitor business data to identify and confirm market trends, niche product opportunities and new/changing rating factors.
- Make recommendations to Underwriters and Senior Management based on this analysis.
- Provide professional actuarial input in the development and launch of new products.

The successful Senior Actuarial Analyst role you will have the following;
- Experience in reserving and/or pricing of general insurance lines ideally Motor based
- Part/nearly qualified actuary with a minimum of 3 years of relevant work experience
- A degree level mathematics/ statistics or equivalent
- A high level of understanding of modern actuarial and statistical modelling techniques is essential.
- Claims Reserving software, for example ResQ
- Database and programming packages, for example SAS

Your specific role will be supporting the current team of Analysts and Managers in the monitoring and analysis of the performance of the company's motor account, and responsible for the evaluation of reserves and monitoring of claims trends.

You will ideally have previous experience at a senior level within a similar role, capable of carrying out claims and pricing analysis using a number of appropriate actuarial and statistical methods of analysis. You will be working closely with other departments, including Underwriting, Finance and Claims, therefore be a confident communicator and able to work well as part of a team.

Main duties and responsibilities within the Senior Actuarial Analyst role:
- Carry out and peer review elements of the quarterly and monthly reserve review exercises carried out across the team, as well as additional claims related analysis.
- Ensure production of analysis of Claims performance, identifying trends and features, producing claims projection models, which includes the interpretation and communication of suitable recommendations to Senior Management.
- Working on ad hoc pricing projects with the overall aim of having a direct impact on profitability.
- Leading the departments thinking in the pro-active use of data available and wider insurance business awareness to support the underwriting and claim functions in identifying areas of interest.
- Assist in the development and maintenance of effective statistical models and MI in relation to the company's underwriting performance and pricing strength.
- Assist in the presentation of statistics and reports to Management.
- Model, interpret and monitor business data to identify and confirm market trends, niche product opportunities and new/changing rating factors.
- Make recommendations to Underwriters and Senior Management based on this analysis.
- Provide professional actuarial input in the development and launch of new products.

The successful Senior Actuarial Analyst role you will have the following;
- Experience in reserving and/or pricing of general insurance lines ideally Motor based
- Part/nearly qualified actuary with a minimum of 3 years of relevant work experience
- A degree level mathematics/ statistics or equivalent
- A high level of understanding of modern actuarial and statistical modelling techniques is essential.
- Claims Reserving software, for example ResQ
- Database and programming packages, for example SAS

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