Actuary - London, United Kingdom - Howden Group Holdings

Howden Group Holdings

Verified Company

London, United Kingdom

1 week ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

From day one, our mission has been to create an independent business with a unique culture - one that is controlled by the people who work for it.

Finding the most talented and entrepreneurial people has always been key to our success.

People come to Howden Group Holdings for lots of different reasons, but they stay for the same one: our culture.

That's what sets us apart, and why we nurture and retain the best talent in the market.

Whatever your priorities - work/life balance, career progression, sustainability, volunteering - you'll find like-minded people driving change at Howden Group.

This is a great opportunity for someone looking to further their career within a corporate working environment. This a very much a handson role, working with underwriters and other parts of the business in support of the business's objectives
Full time position: working 5 days a week.
Working within a small actuarial team, collaborating with Underwriting teams and actuaries spread across various geographic locations

Role overview

To Support the Actuarial Team in providing in-house actuarial services, including involvement in the following areas as required:

Quarterly "Reserving"/Profitability Review process
assessing profitability of business lines, identifying areas of underwriting concern, review of effectiveness of corrective actions and projecting Profit Commission receipts.
Review of individual lines and investigation of pricing strategies.
Development and maintenance of MI and rate monitoring.
Development and maintenance of pricing models including calibration of rating factors in response to experience
Analysis of pricing model data and feedback into profitability reviews
Input to business planning process

Role responsibilities

Prepare data for actuarial analyses; ensuring data is consistent, reconciled and checked for reasonableness.
Update quarterly actuarial projection models and contribute to the selection of appropriate ultimate claims.
Work with underwriting and actuarial colleagues in the development of pricing models both new models from scratch and refinement of existing models
Carry out analyses of data collected within the pricing models to enhance understanding of drivers of profitability, and to refine the pricing parameters used in the models
Maintain documentation of actuarial processes.
Deal with data queries from carriers' actuaries.
Attend internal and external actuarial meetings.
Accuracy of work analyses to be updated accurately and reconciled, and documented such that another actuary could follow work and assumptions.
Reliability assigned tasks to be completed efficiently, within agreed time scales.

Key requirements

Highly Numerate.
Good communicator
Carries out analyses in a thorough manner, paying attention to details.
Problem solver.

Computer literate

Excel, VBA, SQL
Able to explain technical ideas to nontechnicians.
Able to work on own initiative.

Knowledge and Experience

Basic technical knowledge of the general insurance market.
Basic knowledge of actuarial concepts as they relate to GI especially reserving and pricing.

Compliance & Regulatory Responsibilities

To remain compliant with FCA requirements at all times.
To obtain appropriate approvals to ensure compliance with company policy, procedures and regulatory requirements/rules, with regards to data protection, money laundering etc.
To share ideas, best practice and other information within the team.
Ensure that own performance, HR and T&C records are up to date and meet the Company's requirements.
Maintain accurate records and deal with correspondence appropriately.

Professional Qualifications

First or 2.1 Degree in Mathematics or Science
A level Maths at grade A

What do we offer in return?

A career that you define.

Yes, we offer all the usual rewards and benefits - including great healthcare provision, a wide variety of wellbeing offers, competitive salary, generous pensions and more - but we know you expect all that.

What you might not expect is a job where everyone has a voice, where volunteering in the community is part of the day job, and where everyone is encouraged to play a part towards our sustainability goals.

We want people who want to make a difference - not just in the workplace, but in the industry and in the wider community.

Our culture:
People First

Our core values dictate how we live and work.

We are a group with independence and people at its heart and we are a home for talent with a unique culture:
the biggest small company in the world.

The focus on being a People First business has always been at the very heart of the Group; Our vision was to create an independent business with a unique culture and one that would survive and thrive as a business controlled by the people working for it.

And finding the most talented and entrepreneurial people to join the Group has been and will continue to be key.

Diversit