Senior Actuarial Analyst
| Posting date: | 01 May 2024 |
|---|---|
| Salary: | £50,000 to £60,000 per year |
| Additional salary information: | Competitive |
| Hours: | Full time |
| Closing date: | 30 May 2024 |
| Location: | London Hybrid, N1C 4AG |
| Company: | Saga |
| Job type: | Permanent |
| Job reference: | saga/TP/56250/2905 |
Summary
Senior Actuarial Analyst
Permanent
£50,000 - £60,000 dependent on experience
Hybrid – Home and London Hub
As a Senior Actuarial Analyst within AICL (our in-house underwriter) you will help build, manage, and improve regular processes which typically require the use of specialist actuarial software packages.
You’ll use your curiosity to investigate and solve some of the organisation’s toughest problems and deliver tangible business value through managing claims trends, accurate liability valuation, capital efficiency and reinsurance evaluation
Your role requires actuarial skills and an ability to understand business processes to make quality judgements for set methodologies and assumptions used in reserving and capital modelling processes. You will be required to contribute to defining and monitoring ML use cases across the business and satisfying regulatory requirements on Solvency II and IFRS reporting bases.
Using both your technical and non-technical skills, you will have a desire to understand actuarial disciplines such as claims reserving, capital modelling and reinsurance evaluation. You will excel at investigating trends and communicating technical output clearly and confidently to all stakeholders of all levels.
Package DescriptionEveryday our colleagues deliver exceptional experiences to our customers. We believe exceptional work deserves even more exceptional rewards, that's why we have put together an amazing benefits package for all colleagues.
We offer total flexibility over where you work you choose a place that you feel most comfortable and productive, either from home or in one of our hubs in London, Ashford or Sandwich.
BENEFITS AVAILABLE TO ALL COLLEAGUES:
- Our working week is 35 hours per week, these can be worked flexibly to suit your working style
- 25 days holiday + bank holidays
- Option to purchase additional leave up to 5 extra days
- Pension scheme matched up to 10%
- Life assurance policy on joining us
- Wellbeing programme
- Colleague discounts including family discounts on cruises and holidays
- Range of reductions and offers from leading retailers, travel groups and entertainment companies
- Enhanced maternity and paternity leave
- Grandparents leave
- Company performance related annual bonus - Up to 5%
- Income protection
- Access to Saga Academy, our bespoke learning platform
As an Senior Actuarial Analyst you will contribute to all 3 pillars of Solvency II requirements (quarterly and annual quantitative reporting templates, ORSA, SFCR, RSR, Actuarial Function Report (AFR))
Other accountabilities will include:
- Contributing to the yearly reinsurance program renewal process – including managing the production of supporting information.
- Identifying, explaining and monitoring experience trends.
- Collaborate across the Saga business where required, contributing actuarial expertise and knowledge to bespoke projects
- Adhering to Technical and Actuarial practice standards (TAS and APS)
- Adhering to governance processes for financial reporting purposes.
- Maintaining and developing transparency and documentation around actuarial team process.
- Collaborating with legal and DPO to ensure data transfer to and from third parties is compliant with governance processes, GDPR and DPA, and follow ICO best practice.
As a Senior Actuarial Analyst, you will have a Bachelor/Master in actuarial science, mathematics or a related discipline and be progressing through your actuarial examinations.
Other skills and experience required includes:
- Strong numerical and statistical capabilities.
- Excellent verbal and written communication skills.
- Comfortable working with large amounts of data.
- Proactive, with a strong desire to learn. Demonstrates enthusiasm and self-motivation.
- Strong organisational skills, e.g., manages time effectively, prioritises work appropriately, documents work thoroughly.
- Good at working in a team and demonstrates this by helping peers/department to achieve tasks when deadlines are tight.
- Dependable and reliable, e.g., will perform or give update on progress as required on assigned task using initiative.
Over the past 70 years we have 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, recognised for its high quality products and exceptional standards of service. These include cruises and holidays, insurance, personal finance and the Saga Magazine.
At Saga 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.
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. For more information on our DEI policies please visit our Saga Careers page.
Saga does not accept agency CVs unless specifically engaged on the role by the Talent Acquisition Team. Please do not forward CVs to our recruiters, employees or any other company location. Saga will not be responsible for any fees related to CVs received in this unsolicited manner.
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