Actuary (Trainee)

at  Motability Operations

ABOUT YOU

This is an opportunity for someone pursuing the career path of an Actuary to make a mark in a small risk & actuarial team which manages a large and unique motor book. We are looking for someone who can:

• Demonstrate strong organisation skillso Self-starter, able to prioritise and manage workloado Disciplined, structured approach & methodologyo Enjoys solving problems and delivering smart solutionso Work collaboratively or independently to achieve objectives
• Communicate well in a variety of environmentso Good written, oral, presentation and interpersonal skillso Presents information in a confident mannero Enjoys communicating with people at all levels, both to technical and non-technical audiences

Minimum criteria:
A relevant numerical degree and some progress to date in the IFOA actuarial study path. Candidates with pricing or reserving experience, and / or motor insurance experience, strongly preferred.
Excellent PC skills including advanced Excel, and experience working with large data sets is also a strong benefit.

We are looking for an enthusiastic, resourceful and proactive trainee Actuary to join MO’s Insurance Risk team at an exciting time in the development of MO’s insurance arrangements.
This role reports to the Actuarial Lead, working alongside the Insurance Risk Analyst and our actuarial Consultant.

The trainee Actuary will become one of MO’s in-house actuarial experts, carrying out all actuarial tasks in support of MO’s insurance risk model

• Pricing in support of our relationship with our insurance partner
• Reserving in support of our MO Reinsurance Limited
• Providing the insurance components as inputs to MO Group’s economic capital model
• Make-model pricing for input of insurance costs into MO’s lease prices
• Working with our broker on the analysis behind our reinsurance programmes

The trainee Actuary will support actuarial colleagues and consultants, carrying out analysis in-house wherever possible, and co-ordinating development of the actuarial approach applied.
The role holder will also interact extensively with the third parties who support MO’s insurance risk model, including our insurance partner, our reinsurance broker, our appointed peer review partner and auditors, and the MORL managers.
Upon completion of probation period and satisfactory progress in the role, MO will support the successful applicant with their actuarial studies, offering study days and payment of relevant fees as the trainee Actuary works through IFOA exams.
This opportunity comes at an exciting time for the successful applicant as MO is building our relationship with our new insurance partner, DLG. We are working with new MI tools, applying new actuarial techniques, and developing our understanding of our changing operational environment and risk profile. As insurance expertise within MO grows, there will be numerous new opportunities for the Insurance Risk team to demonstrate expertise and help shape MO’s future development of our insurance offering.