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Principal Actuarial Analyst

Churchill Court, BR1 1DP
Full time

About us

Direct Line Group is an ambitious company employing thousands of people throughout the UK. We’re proud to be one of Britain's leading general insurers, offering millions of customers decades of experience and knowledge. In the history of modern insurance, there has never been a bigger time for change than now and we work hard to make sure our well known brands –Direct Line, Churchill, Privilege, NIG and Green Flag are making insurance easier and better value for our customers. We know we can’t do this without our brilliant people who we reward for ideas and thinking as well as results because that’s how we can achieve amazing things – for our customers and for each other.

What we are looking for

Someone who is technically strong with past experience within a Reserving function from a General Insurance background and also comfortable dealing with stakeholders and maintaining relationships at differing levels.

You will provide data, analytical support and recommendations by the timely and accurate provision of data records and insightful analysis to inform Reserving, Forecasting, Monitoring. You will also review work and provide guidance and feedback to less experienced team members, taking on a mentoring role to ensure knowledge is constantly shared.

Who you’ll be working with

You’ll be joining the Corporate Actuarial function here at Direct Line Group based in Bromley. You’ll be part of a team of Actuaries specialising across a number of business critical areas.

Within Corporate Actuarial, we carry out assessments of our technical insurance provisions - money we need to set aside to pay claims and other obligations. We focus not only on a best estimate, but also advising the Executive Board and Audit Committee on the uncertainties around that estimate – uncertainty which could come equally from the natural volatility of large claims or from a change in legislation.

What you’ll be doing

  • Plan, manage and deliver specific broad and/or complex tasks and projects in a timely and accurate manner, providing insights and recommendations: specialised investigations, produce reports and contribute to the delivery of presentations to internal stakeholders; identify, own and manage the risks involved in running our business appropriate to this role, in line with the company risk framework.
  • Research and build models for specific tasks for reserving or for other uses, ensuring that these use appropriate techniques and data and are effective, efficient, high quality, documented and verifiable.
  • Identify and present areas where improvements may be made enabling tasks to be completed in a more efficient manner; demonstrate awareness of the teams’ requirements to continuously improve modelling and data processes.
  • Manage the performance and development of Analysts; review work, considering the outcome of the specific task; provide feedback and create opportunities for learning in day to day activities.
  • Develop knowledge of all Actuarial systems & processes; develop your business, market knowledge and awareness of relevant professional issues which impact a particular area of practice; develop yourself in order to maximize your personal contribution to the job.

Key Skills

  • Qualified or nearly qualified Actuary
  • General Insurance reserving experience with solid knowledge of reserving methodologies and exposure to IFRS & Solvency II
  • Commercial acumen & wider Finance understanding

What we’ll give you

Come join us and you’ll find yourself in the middle of one of the most on-the-go teams in the business, with autonomy and exposure to industry leaders on huge household brand names. We’re always encouraging internal development and you’ll have access to loads of learning opportunities, events and conferences to build your industry knowledge.

Direct Line Group are an equal opportunity employer who value diversity. We do not discriminate and we recognise and embrace that people work in different ways. We will always adapt so you have the best and most comfortable working environment. If during the recruitment process you require any reasonable adjustments, please just let us know.

Life at Direct Line Group

Let our colleagues answer your questions and tell you what it’s really like to work at DLG. Visit our discussion hub (https://directlinegroupcareers.career-inspiration.com/app/home/) to find out why Direct Line Group is a special place to work.

Career benefits and rewards

Rewarding you is really important to us, as well as offering a competitive salary and generous holiday entitlement; you can take advantage of a wide range of benefits. The best part is you can pick and choose the benefits to suit your own lifestyle, but also pass on some of the savings to family and friends. Here are just a few we have on offer:

  • A competitive salary, benchmarked against our competitors, which will grow as you do.
  • Pension 9% of your base salary, you can choose to contribute less or more than this, and anything you don’t wish to put in to your pension you can take as cash instead!
  • Private medical insurance (anyone can choose this through our flexible benefits scheme, and managers receive this as standard)
  • Attractive holiday entitlement
  • 50% off our Home, Motor and Pet insurance
  • Free Travel insurance
  • Free Green Flag breakdown cover
  • Flexible rewards including Life insurance, income protection, critical illness insurance, personal accident insurance
  • Retail card, with discounts at big name retailers
  • My Discounts - a discounts website for all our employees, with great discounts, cash back savings and offers across hundreds of brilliant  high street brands, travel, tickets, gym memberships and much more.

Who we are
Direct Line Group is an organisation with a clear mission: to make insurance much easier and better value for customers. We are one of the leading motor, home and small business insurers in the UK. We are home to some of the nation's best-known brands, including Direct Line, Churchill, Privilege, Green Flag and NIG.