Join to apply for the Actuarial Trainee - Reserving role at Markerstudy Group
Join to apply for the Actuarial Trainee - Reserving role at Markerstudy Group
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Company: Markerstudy Insurance
Graduate Actuarial Trainee - Reserving
Location: Manchester
Markerstudy is a leading provider of private insurance in the UK, insuring around 5% of the private cars on the UK roads, 20% of commercial vehicles and over 30% of motorcycles in total premium levels of circa £1.2b. The majority of business is written as the insurance pricing provider behind household names such as Co-op, Sainsbury’s, O2, Halifax, AA, Saga and Lloyds Bank to list a few and Markerstudy also has a large and growing direct presence in the market as well.
Role Overview
* To provide actuarial and data analytical analysis to support the relevant department to deliver their objectives.
* To deliver assigned pieces of work as directed.
Responsibilities
* Support Reserving team to ensure delivery against business plans.
* Undertake highly technical / complex analysis using actuarial techniques under the guidance of the senior team members, providing quality assurance.
* Support in producing Reserving and other Actuarial input into business planning, regulatory reporting, re-insurance placements and M&A transactions.
* Input into the production of exhibits and presentations for key internal and external stakeholders (Pricing, Underwriting, Claims, Reinsurers and Regulators as required).
* Continually improving the ‘actuarial control cycle’, by improving and developing processes to improve reserving accuracy and efficiency.
* Driving personal development and demonstrate a positive attitude.
* To ensure that:
* Customers are always considered in all actions,
* All regulatory requirements including DPA, FCA, TCF and other are met, and
* To adhere to all relevant Company policies and processes.
* To undertake other reasonable responsibilities and projects as instructed by their line manager.
Essential Skills
* Graduate level position up to two years' experience - no prior direct experience required.
* Ability to perform accurate calculations under time pressure
* Can interpret analytical outputs in the context of the question posed.
* Ability to communicate results in a clear and concise manner to senior members of the team
* High level of computer literacy with good understanding Microsoft packages
Desirable Skills
* Ability to manage time effectively
* Has a good understanding of Insurance products.
* Interpersonal skills and self-awareness - proactive in seeking out development opportunities
Seniority level
* Seniority level
Internship
Employment type
* Employment type
Full-time
Job function
* Job function
Finance and Sales
* Industries
Banking
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