Senior Actuarial Analyst

Job Introduction

** Remote/home working allowed **

Our people are everything to us. The way they deliver exceptional experiences every day for our customers, for their colleagues. The way they own what they do. Their 'Why's it like that?' curiosity. How they always think of others and work together to get things done. For us, for you, make do will never do. Good enough? Not even close. Come and do the best work of your life alongside lovely colleagues. Come to Saga. 

…And right now, we are looking for a Senior Actuarial Analyst to work in our insurance business at an exciting time in Saga’s history. As a Group, Saga is taking to the seas in our brand new, luxury cruise ships and leading the market with innovative insurance and financial products.   

You will be responsible for contributing to the operation of and delivery from a technical area of the insurance business, being part of a team and running the regular actuarial reserving, reinsurance, and Solvency II workstreams.   

As a Senior Actuarial Analyst your skills are both technical and non-technical, with expertise in core actuarial disciplines. You will excel at investigating data and trends and communicating technical output clearly and confidently to stakeholders at all levels.   

You will contribute to satisfying regulatory requirements on capital (Solvency II) and accounting (IFRS) reporting bases.  Understanding and monitoring the impact of machine learning use cases is also key. Collaboration is essential as you link with different teams both internally and external with auditors and consultants. 

And in return, you can look forward to all the responsibility and involvement of an integral role, providing you with a rewarding and fast-paced career with an excellent benefits package.    

So, if you have these specialist skills, then we would like to hear from you.

Role Responsibility

As a Senior Actuarial Analyst your top responsibilities will be: 

Results Delivery: 

• Managing the monthly reserving process, clearly communicating the results to the team and wider business
• Supporting the annual audit process and independent actuarial reserves review
• Contributing to Solvency II capital reporting requirements across all 3 pillars
• Supporting the annual reinsurance renewal process

Saga’s Culture & Team:

• Supporting Saga’s culture and values
• Being transparent and approachable 
• Being a technical champion, driving continual improvement and efficiency
• A self-starter developing both yourself and others in the team  
• Supporting SAGA’s risk aware culture and consider it in everything you do

Governance: 

• Following the relevant legal and profession standards 
• Working to governance requirements for financial reporting purposes
• Maintaining and developing transparency and documentation for all team processes

The Ideal Candidate

Technical Skills:

• Degree in Mathematics or related discipline
• Progress towards fellowship of the Institute & Faculty of Actuaries desirable
• Knowledge of reserving, capital modelling and reinsurance (ideally UK personal lines)
• Solvency II and IFRS17 knowledge desirable

Business skills: 

• Passionate about analytics and problem solving with focus on delivering high quality output
• Communication (written and verbal), integrity, independence, judgement, and influence
• Successfully contributes to a fun, fast-paced, agile environment
• Wider market knowledge 

IT skills: 

• ResQ or similar reserving software
• MS Excel, MS PowerPoint, MS Word
• SQL/Snowflake, Tableau, or similar MI tools
• Remetrica/risk modelling software 

 A Fit to Our Values:

• Precision Pace - Always owning and making things happen
• Empathy – Always aware of others
• Curiosity – Always asking why
• Collaboration – Always one team, the Saga team!

Package Description

The standard benefits when you join Saga include: 

• Remote working available where possible

• 25 days annual leave plus bank holidays with the choice to buy a further 5 days annual leave per year 

• Free private medical insurance after 1 years' service 

• Workplace Pension 

• AXA Be Supported 

• A range of reductions and offers from leading retailers, travel groups and entertainment companies

About the Company

Having spent our first 30 years focused on travel, Saga launched Saga Magazine and developed home and motor insurance and financial services in the 1980s. Private medical and pet insurance followed in the 1990s, along with the launch of our own cruise ship operation. The strength of the Saga brand provides the Group with the ability to develop in-house or partner with suppliers to offer our customers and members highly differentiated, competitively priced products which meet their evolving needs.

Saga exists to help our customers and members lead the life they want to lead. To succeed in this, we know that the most important thing to do is to listen to our customers and members. At the heart of our business model is our drive to know more about our customers’ wants and needs so we are best placed to serve them.

Applying this approach over the past 70 years has enabled us to become the UK's specialist provider of products and services to people aged over 50 in the UK. The Saga brand has become one of the most recognised and trusted brands amongst UK consumers in this demographic and is recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.

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 and those over who are over 50 as we are champions of age inclusivity.

We are an official Disability Confident Committed employer and ensure that our recruitment process is inclusive and accessible and we will make reasonable adjustments as required.

We are a member of the 30% Club and partner with Women Ahead which offers us a fantastic opportunity to take part in a leading, global, cross-company, leadership mentoring scheme to champion female talent.

We are a signatory of the Armed Services Covenant and have received a Silver Award from the Employer Recognition Scheme. 

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.

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Saga Group