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Senior actuarial analyst

London
Actuarial analyst
Posted: 29 July
Offer description

Job Summary The role is for an actuarial associate or senior analyst with a specialist focus on: • Reserving • Regulatory reporting • Business Planning • Development or MI tools and/or provision of MI The jobholder will also: - Assist the Actuarial team in other aspects of their business. This will include: Various types of Actuarial analysis, reconciliation and ad-hoc requests. - Be required to study for Actuarial professional exams and maintain a sufficient rate of success The jobholder will report to the Actuarial Manager within the actuarial team. The role is based in London. Job Description Company Description IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers. Key Responsibilities Reserving IGIs various lines of business undertaking reviews for classes as a whole discussion with respective underwriters and claims team. presentation of findings to underwriters and management written documentation to requisite (at least TAS) standards Review of facilities (binders) and/or other areas of focus Reporting: prepare returns to various: regulators (SEC, BMA, UK PRA, Malta FSA, NAIC & Labuan) rating agencies (S&P, A.M.Best and MARC) Rating Change and Rating Adequacy: Monitor and refine rating adequacy and rate change calculation. Analysis of anticipated profitability for Business Planning. This will both as-if analysis of each line (segmented into Small Risk, Large Risk, Modelled Cat and Non-Modelled Cat). Evolve MI to make as much actuarial information accessible to other users (Senior Management, Underwriting, Finance, Capital Management etc…) Assist in the automation of reporting. The role will be expected to: Qualify as a Fellow of the actuarial professional within 5 to 7 years. Build an effective presence within IGI (beyond the of actuarial team). Assist in the personal and professional development of other actuarial team members. Key Attributes & Professional Qualifications Education & Experience First or II.1 Bachelor’s degree in Mathematics, Statistics, Actuarial Science, Risk Management, or highly numerate degree. Ideally 0-5 years of experience as a data science or actuarial analyst. Skills High-level written and verbal communication skills in English Good working knowledge of statistical computer languages (including at least 1 of the following: SQL, Python, R, VBA, Power BI, R-shiny) to manipulate data and draw insights from large data sets. Knowledge of advanced statistical techniques and concepts (regression, properties of distributions, statistical tests and proper usage, etc.) and experience with applications Progression in actuarial exams is highly preferrable. Strong problem-solving skills with an emphasis on product development. Team player and adaptive to changes within the insurance industry. Detail-oriented, able to work well under deadlines and perform tasks with little supervision Strong analytical skills

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