Projects Actuarial Analyst (SII IFRS17)
Posted 3 days 18 hours ago by RSA
Permanent
Full Time
Other
London, United Kingdom
Job Description
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At RSA, we believe insurance is about people, not things. We provide our inspiring colleagues the support and opportunity to grow together, shape the future, and win as a team. We are going through a transformation journey, providing our people with opportunity to be integral to improving our service and delivering better products to brokers and customers. We are a proud member of the Intact family, we feel part of something bigger, with a presence in North America, the UK and Europe.
We have a bold ambition to become the best Commercial Lines business in the UK, demonstrated by our recent acquisition of NIG and Farmweb, allowing us to scale by leveraging our combined financial strength and importantly ensure our people feel the benefits of our joint capabilities.
We are currently recruiting for a Projects Actuarial Analyst to join our established and experienced Corporate Actuarial team here at RSA on a hybrid basis.
You'll make an impact by:
The key purpose of your role is to be part of the team that prepares, analyses, calculates, improves, validates and reports on all Solvency II/UK and IFRS17 aspects of our reserves and technical provisions outside the actuarial analysis covering IELR calibration, actuarial indication patterns and methodology in the reserve review and roll-forward booking.
The other main purpose of this role is to work as part of the team responsible for all project, development and improvement work within the Corporate Actuarial function. This is the work to drive change through new technologies, techniques and ways or working to relentlessly improve our actuarial services.
The working day timetable requirements around the SII/UK and IFRS17 booking responsibilities, combined with the global nature of our team, will require occasional working day/hour flexibility particularly at quarter-end booking.
You will typically be around the actuarial trainee or part-qualified actuary level. Reserving Consultants in the team will be supporting and guiding Analysts in achieving their goals.
Your skills and experience
To be successful in this role you will need good communication skills, coupled with stakeholder management skills. In addition to being a qualified or part qualified actuary, you will have good numeracy, mathematical and problem solving skills, with the ability to work independently and as part of a wider team.
You will have good technology skills and having exposure to key reserving software (e.g. ResQ) or wider software skills that can be applied to reserving models or improvements (e.g. Excel, VBA, R, Python etc).
You will need to be able to challenge standard thinking, as well as being an independent, self-starter.
Why you'll love it here
Being part of our team means you'll have the support and freedom to bring your best self to work each day. As a permanent member, here's what you can look forward to:
More benefit information here .
Our DEI commitment
We celebrate individuality and believe our differences make us stronger. We're proud to foster a culture where everyone feels respected, valued, and empowered to thrive.
As an Equal Opportunity and Disability Confident Employer, we ensure fair consideration for all applicants and offer interviews to all disabled candidates who meet the essential criteria.
We understand that everyone's circumstances are different and are happy to explore flexible working options such as reduced hours or job shares to support work-life balance.
If you meet the core criteria but not every requirement, we'd still love to hear from you. Let's explore how this role could support your next career step. If you need adjustments during the recruitment process, just let us know we're here to support you.
At RSA, we believe insurance is about people, not things. We provide our inspiring colleagues the support and opportunity to grow together, shape the future, and win as a team. We are going through a transformation journey, providing our people with opportunity to be integral to improving our service and delivering better products to brokers and customers. We are a proud member of the Intact family, we feel part of something bigger, with a presence in North America, the UK and Europe.
We have a bold ambition to become the best Commercial Lines business in the UK, demonstrated by our recent acquisition of NIG and Farmweb, allowing us to scale by leveraging our combined financial strength and importantly ensure our people feel the benefits of our joint capabilities.
We are currently recruiting for a Projects Actuarial Analyst to join our established and experienced Corporate Actuarial team here at RSA on a hybrid basis.
You'll make an impact by:
The key purpose of your role is to be part of the team that prepares, analyses, calculates, improves, validates and reports on all Solvency II/UK and IFRS17 aspects of our reserves and technical provisions outside the actuarial analysis covering IELR calibration, actuarial indication patterns and methodology in the reserve review and roll-forward booking.
The other main purpose of this role is to work as part of the team responsible for all project, development and improvement work within the Corporate Actuarial function. This is the work to drive change through new technologies, techniques and ways or working to relentlessly improve our actuarial services.
The working day timetable requirements around the SII/UK and IFRS17 booking responsibilities, combined with the global nature of our team, will require occasional working day/hour flexibility particularly at quarter-end booking.
You will typically be around the actuarial trainee or part-qualified actuary level. Reserving Consultants in the team will be supporting and guiding Analysts in achieving their goals.
Your skills and experience
To be successful in this role you will need good communication skills, coupled with stakeholder management skills. In addition to being a qualified or part qualified actuary, you will have good numeracy, mathematical and problem solving skills, with the ability to work independently and as part of a wider team.
You will have good technology skills and having exposure to key reserving software (e.g. ResQ) or wider software skills that can be applied to reserving models or improvements (e.g. Excel, VBA, R, Python etc).
You will need to be able to challenge standard thinking, as well as being an independent, self-starter.
Why you'll love it here
Being part of our team means you'll have the support and freedom to bring your best self to work each day. As a permanent member, here's what you can look forward to:
- Annual discretionary bonus
- Up to 11% pension contributions
- Hybrid working + flexible hours
- 25 days annual leave + bank holidays + buy/sell options
- Health & wellbeing + virtual GP
- Career development and mentoring
- Inclusive culture + employee networks
- Share investment options
More benefit information here .
Our DEI commitment
We celebrate individuality and believe our differences make us stronger. We're proud to foster a culture where everyone feels respected, valued, and empowered to thrive.
As an Equal Opportunity and Disability Confident Employer, we ensure fair consideration for all applicants and offer interviews to all disabled candidates who meet the essential criteria.
We understand that everyone's circumstances are different and are happy to explore flexible working options such as reduced hours or job shares to support work-life balance.
If you meet the core criteria but not every requirement, we'd still love to hear from you. Let's explore how this role could support your next career step. If you need adjustments during the recruitment process, just let us know we're here to support you.