DADJ Global - Senior Actuarial Analyst - SQL/ResQ & Data Robot - Motor Insurance

Senior Actuarial Analyst - SQL/ResQ & Data Robot

MAIN PURPOSE AND SCOPE OF THE JOB:

- The role has arisen as a result of a recent drive to enhance our internal actuarial capability. In this highly visible role within a leading insurance broker, you will employ your actuarial expertise to contribute to the achievement of business objectives, liaising with senior management and capacity providers.

- This position has significant involvement with pricing, reserving, business planning, portfolio analysis, and collaboration with pricing actuaries.

- The department strives for continuous improvement. We are supported by a dedicated combined in-house development team for database and system maintenance and development. This enables the function to spend less time processing data and more time on analytical thinking.

- The Actuarial team maintains close working relationships with the Underwriting, Claims, Reinsurance and Finance to gain a thorough understanding of the classes of business and their drivers of profitability.

- The successful candidate would be assisting the Actuarial Manager in providing insight into the Car, Commercial Vehicle and Bike portfolios of business and would work closely with other departments to develop the appropriate knowledge.

DUTIES AND KEY RESPONSIBILITIES

Technical Analysis:

- Carry out regular reviews of risk price, demand and market models

- Produce analysis of Claims performance, identifying trends and features, which includes the interpretation and communication of suitable recommendations to Senior Management

- Enhance the team's capabilities by undertaking automation projects and adoption of new software, tools and techniques in analytics.

- Working on ad hoc pricing projects with the overall aim of having a direct impact on profitability

- Leading the department's thinking in the pro-active use of available data to support the Underwriting and Claims functions in making effective and informed business decisions

- Assist in the development, maintenance and interpretation of relevant MI in relation to the company's underwriting performance and pricing strength

- Communicate analysis and make recommendations to Underwriters, Claims Managers and Senior Management

Reporting:

- Support the maintenance of monthly Management Information packs for key measures and factors

- Provide regular reports and analysis in a timely manner

- Gather market information and collate for circulation within the business

General:

- Undertake other duties and responsibilities that are reasonably required by your line manager, working flexibly across other areas of the business

- To ensure that FCA and other regulatory requirements are met

SKILLS AND ABILITIES :

- Experience with Earnix price optimization software

- A degree in mathematics/statistics or equivalent

- Strong Microsoft Office Skills, especially in Excel

- Skills in database and programming packages, for example , SQL, R, Python, etc.

- Ability to manage time effectively, demonstrate a high level of organisational skills and ability to prioritise work loads, often working to set deadlines.

EXPERIENCE: Up to 3 years work experience

KNOWLEDGE :

- Knowledge of current Motor Insurance perils and rating factors

- An understanding of emerging themes in the industry

PERSONAL ATTRIBUTES AND OTHER REQUIREMENTS :

- Logical thinker with a professional and positive attitude

- Must be able to work in a busy dynamic environment