Skip to main content

Actuarial Model Developer

Req ID:
R-17539
Category:
Actuarial
Location:
London
Apply

Actuarial Model Developer
London – Hybrid working, 2 days per week

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.

We’ve now welcomed our new CEO, Adam Winslow, and are at the start of an exciting period of change for DLG. With ambitious plans for large-scale transformation, we’re going to see a refreshed strategy to drive value for our customers, colleagues and shareholders.

Our Actuarial teams deal with risk on a billion pound scale. Bringing together the widest range of skills, tools, and information, they calculate the risk involved in any given policy – and ultimately a potential claim. 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 do:

The Actuarial Model Developer will be part of our Model Delivery Squad within Actuarial at Direct Line Group.  Reporting to our Head of Model Delivery, you’ll support and maintain the actuarial modelling systems including some aspects of development and process including data procurement, modelling, analysis, reporting and controls.

Our customers and shareholders rely on DLG effectively managing its insurance liabilities and risk, and you’ll be part of a team of problem solvers and the very best minds who leave no stone unturned in achieving modelling excellence.

  • Develop and maintain Psicle for reserving, IFRS, Solvency II, and Tyche for our internal capital model.
  • Enhance MI quality, manage competing MI/data requests, and deliver tasks and projects in a timely and accurate manner, providing insights and recommendations.
  • Assist in maintaining modelling systems, supporting the Head of Model Delivery, and ensuring all controls are documented.
  • Support report development using visualization tools like Tableau and provide analytical insights for business decisions.
  • Monitor model effectiveness, suggest areas for development, and develop knowledge of reserving and capital modelling systems and processes.

What we are looking for:

  • We’re looking for someone with background in Maths, Statistics, data science or similar (gained through work experience or studies) to join us as an Actuarial Model Developer.
  • You'll have great analysis skills and with an interest in data science, actuarial or statistics, ideally with some experience of building MI dashboards and using written programming languages such as SAS, R or Python.
  • You’ll be passionate about modelling development, data science and machine learning techniques, and have a vision for innovation and the implementation of new technology to achieve great results.

Ways of Working

Our mixed model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. Most of our colleagues meet in the office 2 days per week. We'll consider the flexible working options that work best for you.

Read our flexible working approach here.

Benefits

We recognise we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle:

  • 9% employer contributed pension
  • 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover
  • 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.
  • Generous holidays
  • Buy as you earn share scheme
  • Employee discounts and cashback
  • Plus many more

Being yourself

Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.

We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.

#LI-Hybrid #LI-AG1

Apply

Sign up for job alerts

Can’t find the job you’re looking for? Register to be notified as soon as new jobs become available. Enter your email address. Choose the job category and/or enter a location that you’re interested in. And then click “Add” to add the criteria and “Sign Up” to create your job alert.

Interested InSelect a job category from the list of options. Search for a location and select one from the list of suggestions. Finally, click “Add” to create your job alert.

Can’t find the job you’re looking for? Register to be notified as soon as new jobs become available. Enter your email address. Choose the job category and/or enter a location that you’re interested in. And then click “Add” to add the criteria and “Sign Up” to create your job alert.