Actuarial Assistant

Location – UK Virtual, remote working

Company Overview
Assurant is a global business services company that protects major consumer purchases. A Fortune 500 company with a presence in 21 countries, Assurant supports the advancement of the connected world by partnering with the world’s leading brands to develop solutions and deliver an enhanced customer experience through mobile device solutions, extended service contracts, vehicle protection services, renters insurance, lender-placed insurance products, and other specialty products.

Our Values:

Common Sense, Common Decency, Uncommon Thinking and Uncommon Results guide our every action at Assurant. These values inspire our commitment to be a responsible corporate citizen.

The Opportunity:

The Actuarial Assistant provides high quality output and results from important actuarial activities, and the opportunity to progress in the business and qualify as an actuary.

Reporting into the Actuarial Lead, you will gain exposure to both general insurance and life insurance across four licensed entities and will suit a candidate keen to be challenged and gain exposure to a broad range of actuarial work. You will work with senior management and contribute to decisions made in the business.

Your main responsibilities will be to:

• Perform claims reserving exercises and analysing results – 30%
• Compile quarterly reserving reports/presentations – 15%
• Support on Solvency II technical provisions and capital requirement calculations – 10%
• Build processes for new clients as they are won – 10%
• Monthly reports for internal and external stakeholders – 10%
• Improve data quality and controllership standards - 10%
• Support IT transformation projects from an actuarial perspective – 5%
• Other actuarial modelling and project work – 10%

You will have the following experience

Essential experience and skills:

• A strong result (2.1) in a numerical degree - preferably mathematics, statistics or actuarial science
• Able to work with multiple priorities and deadlines
• Well-developed communication skills, both written and spoken
• Proven ability to work as part of a team and independently; self-motivation is an essential skill within a virtual role

Preferred, not essential:

• Experience with reserving software, e.g., ResQ or Psicle.
• Experience with data and programming tools such as SQL, BI or VBA is advantageous.
• Some prior experience with insurance, Solvency 2, claims reserving or actuarial modelling
• Some experience with, or knowledge of, actuarial exams.

Benefits & Training 

• Full study support for UK Actuarial exams (IFOA) including membership subscriptions, exam materials, study days, and exam-based pay increases

• Bonus Scheme

• Pension Scheme
• Flexible Working
• Internal Wellbeing Program
• Range of benefits; Financial, Wellbeing, Social
• Learning and Development opportunities

At Assurant, diversity helps us inspire creativity in the global marketplace, and we are believers in the strategic value of inclusion and how it improves performance, creates growth opportunities, better aligns us to our clients, and enhances employee engagement. 

We look forward to receiving your application!

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