Who We Are
Rokstone, part of the Aventum Group, is an established international underwriting MGA and approved Lloyd's of London coverholder, where we also hold a Lloyd's Box. With innovation at our core, we go beyond the ordinary to offer brokers specialised (re)insurance solutions. Within Rokstone, we house specialist MGAs such as Novus, iSure and iFarm, each contributing to our commitment to redefining industry standards.
At the heart of Aventum are our people. Our employees collaborate in dynamic, service-focused teams. Together, we strive daily to achieve our goals and objectives with a shared dedication to revolutionising the insurance industry for the better.
The Company offers a competitive benefits package via a flexible benefits platform. In addition to core benefits, employees can tailor their benefits according to their individual needs.
Employee development is key to the ongoing success of Aventum overall. We invest in our people, empowering them to grow their careers and advance within the Group. Our dynamic culture is rooted in the continuous desire of our people to learn and challenge themselves.
Role Summary
You will join a recently formed actuarial function whose immediate goal is to forecast our underwriting loss ratios by class of business on a quarterly basis. This will involve working extensively with our in-house reserving model and producing material for communication with a wide range of internal and external stakeholders. Our ambition is to develop into a valued point of support to our underwriting teams and management through strong communication of forecast results and a deep understanding of our insurance products and company strategy.
Role Accountabilities
* Support the quarterly reserving process, including data ingestion into our in-house tool, reviewing data quality and resolving issues, setting assumptions that drive our forecasts, and producing materials for presentation to a range of stakeholders.
* For assigned classes of business, build an understanding of the products sold and their characteristics that impact profitability and reporting patterns.
* Collaborate with our pricing team to understand market conditions, product characteristics and underwriting behaviours, and utilise pricing MI within the reserving process.
* Build relationships with key departments that actuarial collaborates with, notably Underwriting, Portfolio Management, Claims and Technology.
Role Requirements
* University degree in Mathematics or a related field.
* Trainee actuary (study support provided).
* Aptitude for communicating with a wide range of stakeholders.
* Ability to work independently after sufficient coaching and tuition.
* Intermediate experience in MS Excel and R or Python.
* Ability to work in the London office at least three days per week.
Skills and Abilities
* Provide technical expertise with clear, simple and effective communication to support Rokstone management and underwriting teams.
* Act with honesty, pragmatism and commercial awareness. Challenge differing opinions respectfully and communicate differences professionally, always acknowledging uncertainty and limitations.
* Demonstrate strong attention to detail to ensure accuracy in reserving outputs. Apply effective time management and problem-solving skills to meet deadlines and identify and resolve unexpected changes in results quickly.
Our Culture and Inclusion
We are an equal opportunity employer, and we are proud that 93% of our employees say they can be themselves at work. We aim to hire our industry's finest people because the best people drive the best outcomes. We continuously challenge the status quo because there are always ways to improve. Because together, we're limitless.
We value applicants from all backgrounds and foster a culture of inclusivity. We understand the need for flexibility and work in a hybrid model. Please let us know if you require any reasonable adjustments during the recruitment process.
FCA Conduct Rules
Under the Senior Managers and Certification Regime, the FCA and Aventum expect that:
1. You must act with integrity.
2. You must act with due skill, care and diligence.
3. You must be open and cooperative with the FCA, the PRA and other regulators.
4. You must pay due regard to the interests of customers and treat them fairly.
5. You must observe proper standards of market conduct.
6. You must act to deliver good outcomes for retail customers.
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