Actuarial Analyst (rotational)

Country: United Kingdom of Great Britain and Northern Ireland

Creation Date: 20-Dec-2024

Employment Type: Permanent

Employment Type: Full time

Ref #: 1234571258

Description & Requirements

Role Title: Actuarial Analyst (rotational)

Department: Actuarial

Location: London

About the Role:

The rotational Actuarial Analyst will enter the Actuarial Development Programme (ADP) which allows for the development of the student community in a consistent, sustainable, structured manner to support a diverse analytical and business skillset to meet current and future business needs.

Rotations between teams is a key component of the Actuarial Development Program and supports three objectives:

1. Facilitate the professional development of employees
2. Develop broad subject matter expertise and analytical skills
3. Enhance business value by incorporating a diversity of perspectives across teams

About the Department & Team:

The Actuarial Function evaluates business performance and provides management with a clear, risk-based view for making decisions on business strategy and risk mitigation. The department covers all aspects of actuarial work including pricing, reserving, business planning, and capital, and supporting exposure management and reinsurance purchasing. The team operates on a global basis with a team of around ninety actuaries, of which around sixty are based in the UK.

Key Responsibilities:

• Gaining experience in different business functions and products
• Building strong networks and working relationships with actuarial and non-actuarial colleagues
• Work with the actuaries and senior actuaries to partner with Underwriting and aligned business functions. Responsibilities within this function include, but are not limited to:
• Individual account pricing and performance monitoring
• Support and development of underwriting rating tools
• Provision and improvement of monthly renewal rate monitoring and rate adequacy information
• Portfolio profitability analysis for both new business and existing opportunities
• Supporting both local and global group pricing standards, analytics and new product initiatives.
• Close communication and strong working relationships with Underwriters

Skills and Experience:

• Analyst level candidates, actively progressing towards qualified Actuary.
• A commitment to achieving a Fellowship designation in the IFOA or equivalent Actuarial Society (such as the Casualty Actuarial Society).
• Educated to degree level with strong mathematical skills
• Desire to work across a variety of actuarial functions and environments
• Natural curiosity and problem-solving skills

About Liberty:

Liberty International Insurance and LMRe are part of Global Risk Solutions and the broader Liberty Mutual Insurance Group, which is a leading global insurer. We offer a breadth of world-class insurance and reinsurance services to brokers and insureds in all major markets.

Our people are key to our success. That is why "Put People First" is one of the five Liberty values which unite us as a global organisation. We bring this to life for our colleagues through:

• Offering a vibrant and inclusive environment and committing to their career development.
• Promoting diversity, equity and inclusion (DEI).
• Reinforcing that collaborating together to share our unique perspectives help us make better decisions, deliver innovative solutions and pursue our ambitious goals.
• A supportive culture, which includes promoting a healthy work-life balance and working flexibly.