Job Opportunity
As a Junior Actuarial Associate, you will be responsible for supporting core reserving activities and financial reporting, developing and maintaining models for claims reserving, budgeting, and forecasting, analysing claims trends, and sharing insights that influence business decisions. Additionally, you will perform risk modelling, premium adequacy assessments, and pricing recommendations, as well as refine rating algorithms and conduct price impact analysis.
Key Responsibilities
* Support the preparation of half-yearly core reserving activities and provide financial reporting assistance
* Develop and maintain accurate and reliable models for claims reserving, budgeting, and forecasting
* Analyse claims data to identify trends and develop insights that inform business decisions
* Conduct risk modelling, premium adequacy assessments, and provide pricing recommendations to stakeholders
* Refine rating algorithms and conduct price impact analysis to optimise pricing strategies
Requirements
* A degree in Actuarial Studies, Mathematics, Statistics, or a related field is essential
* Progress toward actuarial qualifications (Actuaries Institute or equivalent) is necessary
* Strong analytical and problem-solving skills are required
* Proficiency in Excel is mandatory, with experience in R, Python, or SQL being beneficial
* Excellent communication skills and a collaborative mindset are essential for success
* A genuine eagerness to learn and grow in a dynamic environment is crucial
Benefits
This role offers a unique opportunity to kick-start your career with a leading insurer, providing a chance to develop valuable skills and gain industry experience. As a Junior Actuarial Associate, you will work closely with experienced professionals, contributing to the development of innovative solutions and informing business decisions.