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Starr Insurance

Actuarial Analyst

Posted 2 Days Ago
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Fenchurch Street, London, Greater London, England
Entry level
Fenchurch Street, London, Greater London, England
Entry level
The Actuarial Analyst will assist in drafting results for various business lines, data analysis, loss ratio selections, and writing reserve reports. The role involves supporting the Reserving Team with queries, reporting on Solvency II Technical Provisions, and providing management information reports. A focus on improving the reserving process and collaboration with external auditors is also required.
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Starr Insurance Companies is a leading insurance and investment organization, providing commercial property and casualty insurance, including travel and accident coverage, to almost every imaginable business and industry in virtually every part of the world.
Cornelius Vander Starr established his first insurance company in Shanghai, China in 1919. Today, we are one of the world’s fastest growing insurance organizations, capable of writing in 128 countries on 6 continents.

Roles and Responsibilities

  • Assist with drafting the results for agreed lines of business across all Starr Entities, encompassing data analysis, ultimate loss ratio selections, and writing reserve reports.
  • Assist with loss ratio analysis underpinning the business planning process.
  • Assist the Reserving Team with ad-hoc queries and analyses.
  • Commitment to ongoing improvement of the reserving process within the Company with particular focus on efficiencies and improvement to Actuarial MI. This includes both Power BI and excel based reporting.
  • Assist in the calculation of and reporting on the Solvency II Technical Provisions including analysis of change in Technical Provisions and Own Funds, writing Actuarial Function Reports
  • Assist with the development and delivery of management information for senior management including monthly Actual versus Expected reports.
  • Support the Capital Team in Solvency II Standard Formula SCR calculations across all Starr Entities.
  • Support the Capital Team with the increasing demand from the business in respect of Return on Equity calculations
  • Support Reserving team with the independent external actuaries and external auditors in providing their annual analysis of reserves.

Experience

  • Experience in General Insurance ideally within Reserving;
  • Currently studying towards the actuarial qualification or looking to do so.

Skills

  • Strong communication skills required;
  • Proactively take on and manage own projects independently and delivery within required timeframes;
  • Analytical and problem solving skills;
  • Negotiation, judgment and decision making ability;
  • Advanced numeracy;
  • Coding skills (R, Python, SQL) are desirable but not essential

Systems & IT

  • MS Office - Excel, Word and Outlook;
  • Microsoft Power BI;
  • Dynamo Psicle (experience not essential)

Qualifications

  • Good numerate degree (2.1 or above).

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

Top Skills

Python
R
SQL

Starr Insurance London, England Office

30 Fenchurch Avenue, 4th Floor, London, United Kingdom, EC3M 5

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