Job Description

Who are we?Howden is a collective a group of talented and passionate people all around the world. Together, we have pushed the boundaries of insurance. We are united by a shared passion and no-limits mindset, and our strength lies in our ability to collaborate as a powerful international team comprised of 18,000 employees spanning over 100 countries.People join Howden for many different reasons, but they stay for the same one: our culture. Its what sets us apart, and the reason our employees have been turning down headhunters for years. Whatever your priorities work / life balance, career progression, sustainability, volunteering youll find like-minded people driving change at Howden.Role DefinitionTo Support the Actuarial Team in providing in-house actuarial services, including involvement in:Quarterly reserve process assessing profitability of business lines and projecting Profit Commission receipts.Quarterly Underwriting Profitability Review process which reviews areas of underwriting concern and the effectiveness of corrective actions.Review of individual lines and investigation of pricing strategies.Development of MI and rate monitoring.Discussions with carriers - reviewing past experience, current products and future opportunities.Involvement in business planning, providing independent scrutiny and challenge.Key Responsibilities / AccountabilitiesPrepare data for actuarial analyses; ensuring data is consistent, reconciled and checked for reasonableness.Update quarterly actuarial projection models.Assist in the selection of appropriate ultimate claims.Assist in the calculation of the Profit Commission figures.Maintain documentation of actuarial processes.Deal with data queries from carriers actuaries.Attend internal and external actuarial meetings.Accuracy of work analyses to be updated accurately and reconciled, and documented such that another actuary could follow work and assumptions.Reliability assigned tasks to be completed efficiently, within agreed time scales.Development of actuarial and insurance knowledge increased technical skills and business knowledge will be evidenced by understanding and applying appropriate actuarial methodologies based on characteristics of different insurance products and markets. Attendance at LMSG/SIAS events and a good exam pass rate is expected.Skills and abilities needed to perform roleHighly Numerate.Carries out analyses in a thorough manner, paying attention to details.Problem solver.Computer literate Excel, VBA.Able to explain technical ideas to non-technicians.Able to work on own initiative.Knowledge of actuarial software eg RESQ, @Risk.Knowledge and ExperienceBasic technical knowledge of the general insurance market.Basic knowledge of actuarial concepts as they relate to GI especially reserving and pricing.Compliance & Regulatory ResponsibilitiesTo remain compliant with FCA requirements at all times.To obtain appropriate approvals to ensure compliance with company policy, procedures and regulatory requirements/rules, with regards to data protection, money laundering etc.To share ideas, best practice and other information within the team.Ensure that own performance, HR and T&C records are up to date and meet the Companys requirements.Maintain accurate records and deal with correspondence appropriately.Professional QualificationsFirst or 2.1 Degree in Mathematics or ScienceA level Maths at grade AInstitute and Faculty of Actuaries enthusiasm and commitment to take and pass the IFoA exams, participation in student events eg SIAS lectures to gain wider understanding of actuarial methods and business awareness.What do we offer in return?A career that you define. At Howden, we value diversity there is no one Howden type. Instead, were looking for individuals who share the same values as us:Our successes have all come from someone brave enough to try something newWe support each other in the small everyday moments and the bigger challengesWe are determined to make a positive difference at work and beyondReasonable adjustmentsWe're committed to providing reasonable accommodations at Howden to ensure that our positions align well with your needs. Besides the usual adjustments such as software, IT, and office setups, we can also accommodate other changes such as flexible hours* or hybrid working*.If you're excited by this role but have some doubts about whether its the right fit for you, send us your application if your profile fits the roles criteria, we will be in touch to assist in helping to get you set up with any reasonable adjustments you may require.*Not all positions can accommodate changes to working hours or locations. Reach out to your Recruitment Partner if you want to know more.Permanent

Howden Group Holdings