Actuarial Analyst - Reserving

Zoek Pin Leeds, England


Permanent (Full time)

Posted 33 days ago

Time Type: Full time

Worker Type: Employee

Actuarial Analyst

Who we are:

QBE Insurance Group is one of the world's top 20 general insurance and reinsurance companies, with operations in all the key insurance markets. QBE is listed on the Australian Securities Exchange and is headquartered in Sydney. We employ more than 14,000 people in 43 countries.

Our underlying business strategy is to maintain operations in the key global insurance markets and, where possible, to be a lead underwriter for selected lines of business.

Who’ll you’ll be working with:

The Actuarial department maintains close working relationships with the Underwriting divisions, and Claims, Reinsurance and Finance in order gain a thorough understanding of the portfolios and their drivers of profitability.

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 reserving teams to spend less time processing data and more time on analytical thinking.

The Opportunity:

The Actuarial Analyst role will support the provision of a range of Actuarial services to help ensure that business decisions are made using the best possible quantitative information and support

Your responsibilities for this role may include, but are not limited to:

  • Awareness and understanding of the business drivers for the function that they are supporting
  • Use appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced. This is to include adopting efficient and consistent actuarial models and processed and/or technologies where appropriate
  • Ensure appropriate checks are performed within processes to minimize inaccuracies
  • Comply with documentation of key processes and policies to ensure QBE Europe and its divisions: | Comply with all material legal and regulatory requirements | Adhere to relevant actuarial standards and good practice | Meet all internal European and/or global internal reporting requirements | Support with minimizing the risk of business discontinuity
  • Assist the Actuarial Manager to ensure that processes are aligned to business needs and fit for purpose
  • Build and maintain relationships with internal and external stakeholders to improve customer focus
  • Reserving: support the forecasting of technical provisions, reserve margins and reserve uncertainties to provide business analysis/MI for reports and accounts, business planning, profitability studies and commutations

You will need to be able to display you have the following qualifications and experience:

  • Understanding of industry best practice in actuarial analysis, modelling and underwriting
  • An understanding of QBE and insurance business processes
  • Understanding of compliance issues
  • Effective communication
  • Ability to influence both directly and indirectly
  • Ability to work independently

At QBE, we view our people as our most precious asset. We understand the importance of fostering a work environment that is responsive to the changing needs of today's workforce. QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job. We’re ‘Happy to talk Flexible Working’.

Please click the ‘Apply’ button to be taken to the job on our system.

How to Apply:

To submit your application, click "Apply" and follow the step by step process.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.

We are an international insurer and reinsurer offering a diverse portfolio of commercial, personal and specialty products, as well as risk management solutions. Our product portfolio includes property, motor, crop, energy, marine and aviation. We employee a team of more than 11,800 people, in 27 countries around the world.

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