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Actuarial Analyst - Insurtech - Reinsurance and the London market (pricing)

The Workplace Consultancy
Posted 8 days ago, valid for 5 days
Location

London, Greater London EC1R 0WX

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • My client, a vibrant scale-up in the insurance sector, is seeking a Senior Technical Analyst/Actuarial Analyst with significant experience to support the development of their key products.
  • The role involves reviewing client business processes, identifying operational risks, and improving efficiency while liaising with the software team.
  • Candidates should have a BSc or MSc in an analytical subject and extensive experience in insurance, particularly in underwriting or actuarial roles, with a salary range of £60,000 to £80,000.
  • Advanced knowledge of MS Excel and familiarity with R or Python are preferred, along with experience in Behaviour-Driven Development and Agile workflows.
  • This position offers opportunities for professional development, including advanced BA and actuarial qualifications, while working closely with stakeholders across various levels.

My client is a vibrant scale-up who have secured Series A funding and are looking to expand greatly over the coming years. They specialise in the insurance sector and are in need of an additional Senior Technical Analyst/Actuarial Analyst with plenty of experience in the insurance space to help them develop their two key products.

Summary of role:

The Senior Analyst is responsible for reviewing assigned client business processes from end-to-end to identify and address operational, financial and technological risks. Identify opportunities to improve efficiency. Liaise with software team to provide most efficient solution. Creating pricing models in Excel, Python and R that can be used as templates for clients who do not have this capacity.

This role will work in the General Insurance space, specifically helping them to develop their product for the insurance markets of Reinsurance and the London market.

Experience of:

  • BSc or MSc in analytical subject e.g. Mathematics, Sciences, Engineering is required
  • Insurance - either in an underwriting, actuarial or systems capacity a must
  • Prefer London Market or large Reinsurance experience either directly within Lloyd’s or one of the Managing Agents or Delegated Authorities
  • Advanced knowledge of MS Excel including VBA and User Defined Functions is essential
  • Insurance/actuarial pricing model techniques preferred
  • R or Python experience beneficial but not required
  • Experience and knowledge of Behaviour-Driven Development (BDD) in Gherkin syntax beneficial
  • Product development and the life cycle of a software product
  • Ticket tracking software such as JIRA and Agile workflows
  • Populating backlogs and building/planning sprints.

Tasks involved:

  • Requirements gathering using appropriate technique(s) including: -
    • Facilitating requirements workshops with business stakeholders
      • Provide diagrams and other visual aids to clearly communicate concepts
      • Ask clarifying questions to ensure understanding and tease out implicit requirements
      • Document and communicate the outcomes of the workshop in specifications and BDD documentation
    • 1:1 Interviews
  • Insurance pricing modelling:
    • Converting existing, complex pricing models clients have created in Excel (VBA), Python and R into our proprietary solutions
    • Creating models that can be used as templates in similar that can be used by less sophisticated clients that do not have them ready to go.
    • Creating custom models/raters in similar from underwriter guidelines and rules.
    • Orchestrating pricing workflows between a combination of the above.
  • High quality requirements documentation and management of Stakeholders requirements and expectations through the sign-off/approval process.
  • Stakeholder engagement and (expectations) management covering all levels of Product, Engineering, Business and Programme/project team(s).
  • Communicate requirements Risks, Issues, Assumptions and Dependencies to Account Manager.
  • Proficiency at generating high quality documentation including clear and testable user stories, use cases, flow diagrams and wireframes
  • Requirements Estimating Throughout the Lifecycle (time, cost)
  • Backlog prioritisation, considering inter-dependent and interrelated requirements

Additional skills and qualifications you will develop as a Business Analyst and into future roles

  • Continue to develop your understanding of the dependencies between elements of a project through running daily meetings with developers, business analysts and clients.
  • Be able to understand client priorities and how these relate to software deliverables through running meaningful and structured meetings
  • Client/project management skills required to keep clients happy and projects on track
  • Advanced BA qualifications provided and funded depending on your specialisation (industry specific, project management, product development etc.)
  • Actuarial qualifications provided and funded.
  • Advanced product/project management skills based on the path taken

Apply now in a few quick clicks

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.