Actuarial Assistant
Job Introduction
AICL are looking to recruit a new member of staff to their busy actuarial team.
The successful candidate can expect to be involved with and taking responsibility for…
- Testing and implementing updates of AICL products
- Analysing the underwriting performance of AICL products
- Reconciling actuarial data to other data sources
- Fulfilling requests for ad hoc reporting
- Producing and analysing reserving triangles
- Taking ownership of current processes and improving them
Excellent communication skills are a must as the role involves working with other departments across the Group and also with third parties.
The role will involve heavy use of IT and the ideal candidate will already be an advanced user of both SQL and Excel, including familiarity with VBA macros. They will also have excellent attention to detail, an ability to prioritise their own workload and be a quick learner.
Role Responsibility
The primary tasks of the role are:
- Involvement in all aspects of the Team’s actuarial work including pricing, reserving and solvency II reporting
- Attend meetings with underwriters and internal customers, including Claims Team, IT and Finance
- Develop and produce management information
- Monitor the sales and underwriting performance of insurance products
- Recommend changes to net rating structures in order to achieve target return
- Assist in testing and sign off of product and rate changes
- Become proficient in Resq and Emblem and use where appropriate in developing recommendations
The Ideal Candidate
- Understanding of insurance products and underwriting performance
- Understand pricing and reserving techniques
- Ability to analyse data and produce reports and recommendations
- Motivated to deliver quality results to required deadlines
- Competence in working in an Actuarial / MI department
- Familiarity with general insurance pricing processes and methodologies
- Excellent Excel skill
- Knowledge of SQL Server, Resq and Emblem or similar systems would be advantageous
- High quality graduate calibre
- High quality degree in mathematics or similar
Package Description
The standard benefits when you join Saga include:
- 28 days holiday
- Option to purchase a further 5 days annual leave per year
- Free private medical insurance after 1 years service
- Pension
- Saga Social Club
- AXA Be Supported
- Apples Nursery (Folkestone only and on a waiting list basis)
- Free fruit
- Give as you earn
- Childcare vouchers
- Free eye tests
- Honeymoon benefit
- Sharebuy
- Salary finance
- Discounts on Saga holidays and insurance products
- A range of reductions and offers from leading retailers, travel groups and entertainment companies
- Long service awards
About the Company
When you join Saga you will see that we are committed to treating all employees fairly and to offering equal opportunities in all aspects of employment and advancement.
We value diversity not just because it is the right thing to do, but because diverse teams perform better. Creating a culture in which everyone feels welcome and offering equal opportunities in all aspects of employment and advancement is incredibly important to us. Fair consideration is given to applications from all applicants, including those with disabilities. If you need support at any point with your application please let us know as we will be happy to help.
To all recruitment agencies: Saga does not accept agency CVs unless specifically engaged on the role by the HR Recruitment Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga is not responsible for any fees related to unsolicited CVs.
Saga Group