Actuary Motor - Reinsurance, Guy Carpenter

Company:

Description:

This position is for an experienced, self-motivated professional, to join the UK P&C Motor actuarial team. This team provides the analytics which support our clients’ reinsurance renewals as well as supporting brokers with the tendering process. The position will assist the brokers to advise clients on their portfolio relative to the market, achievable pricing, and to give input for optimisation of reinsurance strategy

What can you expect?

• In a role that is broader than just a reinsurance pricing role, the candidate will be building tools of real value and developing market-leading analytics.

• In addition to in-house analytical work, the candidate will be expected to assist in the broking process by meeting with clients and reinsurers to explain their findings which support the reinsurance placement process.

• Assisting teams who work on client tenders to demonstrate the technical advantage of Guy Carpenter’s analysis capabilities.

What you will be rewarded with?

• We offer and embrace a hybrid working model that nurtures a collaborative working environment in the office 3 days per week allowing 2 days per week to be spent working on a remote basis.

• Competitive benefits package including: 27 days annual leave, up to 4 days flexible bank holidays, excellent pension contributions, private medical cover, life assurance, income protection, employee assistance program, plus a range of flexible benefits including the option to buy or sell up to 5 days holiday per year, cycle to work, gym membership, dental insurance, health assessments plus many more.

• Generous Family Leave including: 6 months paid maternity leave, 4 months paid paternity leave, 6 months paid adoption leave plus shared parental leave options. To help ease the transition when you return to work you will be able to work 8 weeks at 80% of your normal work pattern and receive 100% of your normal salary.

We will count on you to:

• Capturing the full power of the large data sets that we collect –handling and performing complex analysis on large datasets to identify insight and trends that we can use in our pricing and analytics.

• Designing and implementing automated “data pipelines” whereby large/complex datasets relating to motor insurance can be captured, processed into standardised formats, validated, and the output displayed to stakeholders in a clear and intelligible way.

• Maintenance of our in-house benchmarking tool, which shows clients where they sit relative to peers in the market.  This involves identifying and creating dashboards and input of new market data into the system.

• Compliance with internal peer review and best practice standards.

• The potential to manage more junior actuarial team members.

• The role offers the candidate the opportunity to be a key part of a dynamic and exciting team encompassing actuaries and brokers.

What you need to have: 

• Bachelor’s degree in Actuarial Science, Economics, Math, Statistics, or related field.

• Newly qualified actuary with experience in the London Market.

What makes you stand out?

• Technical experience of working in pricing, reserving or capital modelling.

• Coding experience utilising Python, R, SQL, VBA or other comparable platforms.

• Commercial mind-set.

GUY CARPENTER

Guy Carpenter & Company, LLC is a leading global risk and reinsurance specialist with more than 3,500 professionals in over 60 offices around the world. Guy Carpenter delivers a powerful combination of broking expertise, trusted strategic advisory services and industry-leading analytics to help clients adapt to emerging opportunities and achieve profitable growth. Guy Carpenter is a business of Marsh McLennan (NYSE: MMC), the world’s leading professional services firm in the areas of risk, strategy and people. The company’s 85,000 colleagues advise clients in over 130 countries. With annualized revenue of over $23 billion, Marsh McLennan helps clients navigate an increasingly dynamic and complex environment through four market-leading companies including Marsh, Mercer and Oliver Wyman. For more information, visit www.guycarp.com and follow us on LinkedIn and X.

Marsh McLennan is committed to embracing a diverse, inclusive and flexible work environment. We aim to attract and retain the best people and embrace diversity of age background, civil partnership status, disability, ethnic origin, family duties, gender orientation or expression, gender reassignment, marital status, nationality, parental status, personal or social status, political affiliation, race, religion and beliefs, sex/gender, sexual orientation or expression, skin color, or any other characteristic protected by applicable law.

We are an equal opportunities employer. We are committed to providing reasonable adjustments in accordance with applicable law to any candidate with a disability to allow them to fully participate in the recruitment process. If you have a disability that may require reasonable adjustments, please contact us at TAUK@mmc.com”