Actuarial Analyst

at  Allianz UK

WHO WE ARE

In the UK, Allianz Insurance employs over 8,000 people up and down the country. The company’s Head Office is situated in Guildford, Surrey, plus we have additional support services with over 1,000 people based in Trivandrum, India.
We offer commercial insurance with a full range of products for sole traders, right up to large commercial organisations. We also provide a range of personal insurances including, home and motor, musical, legal expenses insurance and cover for pets and horses.
We’re a global company, but from the very first day you join our team you’ll know that your contributions are valued. We offer world class learning and career development opportunities and celebrate an inclusive culture.

KEY ACCOUNTABILITIES

• Supporting an experienced Actuary in the production, monitoring and communication of solvency II technical provision figures. Ensure work is accurate, undertake adequate checks and produce documentation.
• Carry out premium and reserve risk data preparation and modelling to ensure our insurance risk capital reflects the underlying risk
• Support quarterly reserving on an undiscounted & IFRS 17 basis
• Support forecasting the future solvency position
• Simplification of existing processes and developing new ways of working
• Presenting to a broad variety of stakeholders

SKILLS AND EXPERIENCE

• Passed between 1-6 IFOA exams with some relevant work experience in General Insurance in either pricing, reserving, or capital
• General Insurance experience
• A strong academic record, with at least a 2:1 degree in a quantitative subject such as Mathematics, Statistics or Business
• Strong communication (written and verbal), interpersonal and relationship management skills
• Intermediate excel skills and working knowledge of other Microsoft products, such as Word/Powerpoint
• Innovative and proactive approach to simplifying processes
• Collaborative and enthusiastic team player

ROLE DESCRIPTION

We have a great position that has recently become available in our Finance team for an Actuarial Analyst in the Actuarial Function team.
We are looking for an ambitious, collaborative and enthusiastic candidate who is looking to continue on to the next step of their Actuarial career.
Your role will focus on completing quarterly Solvency II Technical Provision calculations, business planning, reporting and aspects of capital modelling. The role will require collaborative interaction with the wider Actuarial Team and other teams within Finance. There is also an opportunity to get involved in quarterly undiscounted and IFRS 17 reserving. The role will also require some emphasis on simplification of processes.
The role is hybrid between working from home and in the office and can be based out of either our Guildford or our London office, though some travel will be required between the two.