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Principal Actuarial Analyst

Req ID:
R-17322
Category:
Actuarial
Location:
London
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Principal Actuarial Analyst
London – Hybrid working, 2 days per week in the office

Let’s make the most of your talent

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 Corporate 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 be doing

As a Principal Actuarial Analyst, you will report into our SME Squad and provide actuarial technical expertise, producing insightful analysis and recommendations to the managers and internal partners, to support Reserving, Capital Modelling, Forecasting, Monitoring and associated business decision making.

  • Plan, manage specific broad and complex tasks and projects in a pro-active, and accurate manner, providing insights; lead specialised investigations, produce reports and contribute to the delivery of presentations to internal partners.
  • Research and build models for specific tasks for reserving or for other uses, ensuring that these use appropriate techniques and data and are efficient, high quality, documented and verifiable. Perform reviews and consideration of the outcome of the analysis prepared by Analysts; propose reasoned and viable outcomes/results to Category managers.
  • Present areas where improvements may be made enabling tasks to be completed in a more efficient manner; demonstrate awareness of the teams’ requirements to improve modelling and data processes.
  • Work with peers in other areas of the business to help communicate the work carried out by Corporate Actuarial, and to build individual knowledge of wider company processes.
  • Review work, considering the outcome of the task; provide feedback and build opportunities for learning in daily activities.
  • Maintain awareness of, and comply on an ongoing basis, with the requirements of relevant professional/legal/regulatory/risk management frameworks, e.g. Technical Actuarial Standards, IPL, SOX, PRAIS, SII & UK GAAP requirements.
  • Reinforce the culture and core values of Direct Line Group through appropriate behaviours and actions; Build relationships and business network with colleagues in other departments.


What you’ll need


• Nearly or newly qualified actuary
• Analytically and technically minded
• Previous reserving and capital modelling experience
• Programming (SQL, R), reserving and capital software experiences are desirable



What we’ll give you

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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