Actuarial Model Data Engineer
Actuarial Model Data Engineer
London – Hybrid working, 2 days per week in the office
At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.
Our Corporate Actuarial teams deal with risk on a billion pound scale. Bringing together the widest range of skills, tools, and information, they calculate the risks and potential claims from across the organisation. Market leading techniques. Maximised profitability. Business-wide connection. That’s how we support some of the UK’s most recognisable brands to grow and develop.
What you’ll be doing
The purpose of this role is to support the Lead Data Engineer developing and maintaining robust data solutions for the benefits of the Actuarial reserving team to improve and support the actuarial modelling systems. Including aspects of architecture, ETL for data procurement, reconciliation, modelling and analysis.
- You will support the Lead Data Engineer with the development of the data modelling systems
- Develop new integrations for Claims and policy data such as FDP 3, ensuring controls and reconciliations are in place to ensure the robustness of data
- Undertake the testing of new interfaces using tools such as python and SAS enterprise to reconcile and identify outliers, reconciling back to underlying claims systems
- Ensure adoption of best practice in terms of data procurement, version control, governance and maintenance
- Ensure that the data governance and controls are followed to ensure the data integrity and robustness of the models
- Improve the quality of MI and manage competing MI / data requests
- You'll provide analytical support and insight where required to inform business decisions and strategy, with a responsibility for ensuring robustness of output
- Deliver specific tasks and projects in a dedicated, timely and accurate manner, providing insights, impacts and recommendations
- Identify opportunities for improvements to enable tasks to be performed in a more efficient manner. Challenge current processes appropriately with suggestions as to how these can be refined
- Monitor the effectiveness of models on an ongoing basis to ensure they are fit for purpose and suggest areas of development
- Interact effectively with peers in other areas of DLG to improve knowledge share and understand impacts of your work across the wider business
- Build knowledge of reserving and capital modelling systems and processes; develop your business, market knowledge and awareness of relevant industry issues which impact your area & incorporate in the work that you do
- Reinforce the culture and core values of DLG Insurance through appropriate behaviours and actions
- Be aware of and comply with all relevant legal / regulatory / risk management frameworks
- Own and manage risks appropriate to the role and in line with the DLG Insurance risk framework
What you’ll need
- Relevant work experience within a data analytical role
- Good understanding of data quality principles.
- Working knowledge and experience in the use of SAS, R or Python (coding and writing data manipulation) are required
- Experienced SQL developer
- Experience in the use of analytical tools and techniques for analysing large datasets
- Strong mathematical skills and excel skills
- Passionate about modelling development, Data science, machine learning techniques
- You will understand process orchestration, workflow and ETL tools
- Understanding of Claims Analytics would be beneficial but not essential
- Experience using Psicle, Tyche or other Actuarial modelling tools would be beneficial but not essential
Benefits
We wouldn’t be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Core benefits include:
- 9% employer contributed pension
- 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
- Up to 10% annual bonus
- 25 days holiday (rising by 1 each year to 28) + bank holidays and option to buy or sell up to 5 days
- Additional optional Health and Dental insurance
- EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
- Buy as you earn share scheme
- Employee discounts and cashback
- Plus many more
Ways of Working
Our hybrid model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. When you'll be in the office depends on your role, but most colleagues are in 2 days a week, and we'll consider the flexible working options that work best for you. Read our flexible working approach here
There’s no-one else like you. No-one with the exact same mix of strengths, quirks, skills and thoughts. That’s why you could belong here. As part of a team of brilliant individuals, in a place that empowers you to be the best you can be. We’re proud of who we are, of what we do, and what every single one of us brings. Join us. Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together, we can all achieve great things. Inspiring, challenging, and supporting each other to aim higher.
Together we’re one of a kind.
#LI-Hybrid
#LI-AG1
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