About us

Avencia Consulting is partnering with a leading specialty insurer and Fortune 500 company to recruit an Assistant Actuarial Analyst for their London office.

This is an excellent opportunity for a recent graduate aspiring to become an actuary, or for actuaries currently working in life or pensions who are looking to transition into a new sector.

The role

• Assist with the production of Actuarial statistics to other internal departments within a leading international insurer.

• Assist with risk pricing analysis to support profitability.

• Plan and parameterise insurance risk in the capital model.

• Assist with the production of year-end reports, year-end returns and US Trust Fund calculations.

• Analyse the solvency of clients based upon the ratios and thorough analysis, to ensure clients are able to pay off debts.

• Assist with core tasks that support the overall department workload and strategy.

• Support and be proactive with the enhancement of internal processes.

• Attend regular check-ins to review performance so that you have every opportunity to progress and gain more autonomy within your role.

• Commit to studying for actuarial exams.

• Be proactive in developing your own knowledge, relating to both technical and soft skills.

Skills & experience

• Have a numerate degree with a classification of 2:1 or above, or equivalent.

• Be inquisitive and curious about the insurance world.

• Aspire to become an Actuary with a commitment to becoming a student of the Institute and Faculty of Actuaries.

• Be patient, proactive, resilient and hard-working, with a strong eagerness to learn from experienced peers.

• Be confident working with data to formulate calculations related to tasks.

• Be team players who love building relationships, bringing out the best in others, and contributing to an enviable culture.

• Be organised and dedicated, able to self-manage workloads effectively to deliver results in a timely manner.

• Be strong problem solvers, targeting a high level of accuracy when making decisions.

• Be self-motivated and driven individuals, with a willingness to meet and exceed targets.

• Be IT literate, familiar with using Microsoft Office packages such as Word and Excel.

• Have well-developed communication skills to interact effectively within the team, and with underwriters, the finance team, and senior management.

Benefits

• A great starting salary plus annual bonus & strong benefits package

• 25 days paid holiday plus Bank Holidays, with the opportunity to buy/sell extra leave

• Fantastic company pension scheme, private medical and dental cover, life assurance, travel insurance cover, income protection, season ticket loan as well as other great benefits on offer

• Study support package for actuarial exams