Senior Actuarial Analyst

Duties & Responsibilities:

•    Contribute effectively to the development of protection reinsurance solutions and services, considering client demands in a changing market and HRUK’s risk appetite.
•    Contribute to the relationship management of protection clients, assisting senior members or the team, and taking responsibility for day-to-day contact with client contacts.
•    Price protection treaties accurately within agreed deadlines, ensuring all relevant guidelines are followed and departments liase accordingly. This includes:
o    Analysing experience data, using data analytics techniques to gain insight into the performance of the business.
o    Researching the product being priced, ensuring suitable information has been obtained from the client.
o    Proposing a pricing basis by applying actuarial judgement to the analysis performed
o    Calculating reinsurance rates.
o    Completing all supporting documentation to obtain the necessary sign-offs.
o    Producing tender response documents.
•    Ensure ‘treaty underwriter’ responsibilities are carried out for allocated treaties such as onboarding, performance monitoring and updating key internal systems.
•    Contribute to the external visibility programme for Protection BD including client events, seminars, industry events, industry working groups and writing articles.
•    Maintain a high level of knowledge of the industry with a focus on how developments impact the Branch and its clients. Transfer this knowledge throughout the Branch as required.
•    Identify and enhance the quality and value of processes within the department and wider Branch. 
•    Adhere to all Local and group guidelines.
•    Support all other functional activities as required.

Qualifications and Experience Required: 

•    Track record of strong progress towards qualifying as an actuary.
•    Pricing protection business experience. 
•    Use of actuarial modelling software, including model development and improvement. 

Skills:  

•    Excellent written and verbal communication skills, including the ability to give engaging presentations.
•    Strong project management skills.
•    Enthusiasm for innovating and driving the protection market forwards. 

Person Specification: 

•    Delivery and Accountability
Is accountable for own delivery to support the overall Branch priorities and objectives. Works in an efficient and responsive manner to ensure deadlines are met.

•    Problem solving
Ability to think analytically and creatively. Demonstrates strong problem-solving ability and intellectual curiosity, applying analytical skills across a range of business challenges and domains. Pragmatic when developing solutions and capable of adapting new techniques and approaches to deliver business value.

•    Team Player 
Strong team player who embraces a positive team culture based on trust, openness, feedback, and collaboration. Works effectively with colleagues, shares knowledge and contributes to successful achievement of team objectives.

•    Communicating and Influencing
Ability to translate analytical findings into business recommendations and communicate effectively with both technical and non-technical audiences, building understanding, support and buy-in for ideas.

•    Innovation and Continuous Improvement
Proactively creates and tests out new ideas and improvements that could have an impact on the business.