Actuarial Analyst - Gibraltar

Created in 2019, EICL was the UK’s first ever insurtech to secure its own insurance licence. Authorised and regulated by the Gibraltar Financial Services Commission, we provide underwriting capacity to the group MGA, Zego, for commercial motor customers in the UK.

Trail blazers, industry disruptors, game changers. Whatever you call us, we’re setting a new standard for insurance, and helping businesses to reach their full potential along the way.

www.extracoverinsurance.com 

Who we're looking for

We are looking for an Actuarial Analyst to join our Actuarial & Portfolio Management team. You will be an important part of our continuous work to optimise our insurance pricing strategies while monitoring and managing our portfolio of insurance products. In this role, you will assist in building and enhancing our MI suite, conducting thorough analyses of performance, and delivering actionable insights that contribute to profitable growth. 

For this role, we’re keen to attract proactive and eager talent who are ready to make an impact and grow with us. While previous experience isn’t a requirement, an actuarial background or ongoing studies in actuarial science would be ideal. We’re looking for someone who is smart, adaptable, and excited to learn in a fast-paced, innovative environment.

What you’ll be doing:

• Supporting the development and improvement of MI systems and dashboards to enable better and faster decision-making 
• Conducting portfolio analyses to identify trends, risks, and opportunities that support profitable growth 
• Assisting with data analysis and reporting for our reinsurers 
• Preparing and presenting findings to stakeholders in a clear and concise manner
• Working closely with the Pricing Function to review, challenge, and contribute to the development of the implementable, technical price
• Supporting the wider Actuarial team on topics related to Solvency II and Reserving when needed
• Collaborating with teams across Pricing, Finance, Claims, Reinsurance, and Underwriting to provide analytical support where needed

What You Will Need to Be Successful in the Role

• A university degree in a quantitative field, such as mathematics, statistics, actuarial science, economics, or data science
• 0-3 years of experience in an actuarial team in the insurance industry; experience in UK motor is a plus
• Familiarity with some statistical software tools such as SQL, R, Python, or Excel VBA; experience with MI tools (e.g., PowerBI, Tableau, or QlikView) is a bonus
• Good communication skills, with the ability to simplify technical topics for non-technical audiences
• Strong analytical skills, capable of extracting insights from data and making actionable recommendations
• A proactive, adaptable, and collaborative mindset, thriving in fast-paced environments
• Commercial awareness and the ability to connect analyses to business outcomes

Note: The primary location for this role would be either in Gibraltar or nearby in Spain. However, occasional travel to the London office may be required.

To be considered for this role, you must be located in / OR willing to relocate to Gibraltar or nearby Spain

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