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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

We are looking for someone with experience of working in a Market and Credit risk environment with an understanding of Economic Scenario Generators (ESGs) and how these are applied to calculate investment/portfolio risk. The successful individual will be comfortable in taking ownership of complex tasks and adhering to, at times, strict deadlines. In addition, experience of Igloo/Capital modelling would be desirable.

Who you’ll be working with

You’ll be a senior analyst within the Capital Modelling Team, part of our Corporate Actuarial function, supporting the calculation and ongoing monitoring of DLGs solvency capital requirement. Joining a diverse and upbeat team based in Bromley.

What you’ll be doing

  • You'll be a key advisor for corporate development activities of various types and will lead the investigation to provide a summary of any proposed updates of the ESG and Asset model.
  • You'll Provide regular output from our Internal Economic Capital Model (IECM) for model users, for example the market risk KRI’s.
  • You'll Build and manage relationships with users of these elements of the IECM within the business and the external model providers. Treat the users of the IECM within the business as our customers and find solutions to meet their needs for model use.
  • You'll Plan model updates; collect relevant data adhering to all data quality standards including the maintenance of data contracts and data quality assessments.
  • You'll lead the Parameterisation Sign Off Presentation (PSOP) of the quarterly ESG releases including conducting any primary validation.
  • Maintain documentation of the IECM in relation to the components listed above.
  • You will Assist the independent validation team as required.
  • Assist in the delivery of regulatory capital submissions and any internal reporting requirements

Key Skills

  • Financial and Actuarial Acumen Level 3
  • Data analysis, interpretation and deployment 3
  • Compliance 1
  • Experience of working in a Market and Credit risk environment.

What we’ll give you

Come join us and you’ll find yourself at the core of one of the most on-the-go teams in the business. 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.

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.

Life at Direct Line Group

We recommend that you read our colleagues’ stories and ask them a question on our live discussion platform www.directlinegroupcareers.com/ask-our-people. This will help you learn more about us and be better prepared for interviews.