Actuarial Analyst - Insurance Pricing

Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.

We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.

Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.

The work pattern for the job is Hybrid 

The minimum and maximum salaries for this job role are below:

Minimum Salary -  81,600.00 

Maximum Salary -  102,000.00 

We have an exciting opportunity for someone who wants to work for a company with one of the best cultures in the market!  We have an opportunity for an Actuarial Analyst that has completed at least two exams towards their FCAS with at least 2 years of experience in property and casualty insurance.  Do you want to work with a dynamic group, learn large account pricing, profitability analyses; trend studies, support rating models, while interacting with many different parts of the business?

Are you ready to learn more, expand your knowledge and gain hands on valuable experience?  Then keep reading!

The Role 

We are seeking an Actuarial Analyst to provide high quality actuarial pricing/ modelling work using appropriate methods, systems and platforms. This role will support the actuarial function achieving its strategic objectives, and overall company ambition to achieve sustainable portfolios and profitable growth!

Our Aspen Values are expected to be reflected in the delivery and performance of every role. 

Key Accountabilities   

• Development of actuarial analysis and analytics, with assistance and as required, to support greater insight to Underwriters and Actuaries and other stakeholders
• Delivery of accurate, appropriate, and timely analysis
• Work completed in a timely manner
• Assist in constructing and maintaining databases and models as directed to support the business analyses by extracting, compiling, reviewing, and analyzing data
• Assist in the collection and development of accurate data to be used in analyses and reviews
• Improved accuracy of data
• Assists in wider initiatives, as required, and prioritized by Actuarial Management to align to business need
• Undertake investigations of data and technical issues to identify misuse or to identify training needs, as required
• Gathers information and contributes to prioritization of assigned actuarial projects.
• Analyze data and draw conclusions with assistance from more experienced colleagues
• Develop familiarity with various actuarial functions, such as pricing, reserving, modelling, and business planning
• Maintain and develop the actuarial work products in line with the strategic priorities of the business
• Develop familiarity with appropriate systems and processes to be able to maintain, revise, and use them as needed
• Learn and use tools to perform tasks to support various actuarial functions, such as pricing, reserving, modelling, and business planning
• Performs appropriate checks within processes to minimize errors and inaccuracies and verify data reconciliations
• Provide appropriate level of documentation and training to all users of actuarial work, in line with professional standards, internal standards and regulatory requirements
• Act as a subject matter representative, ensuring actuarial work products are equipped with the most appropriate actuarial techniques and diagnostics
• Acts in accordance with and is an advocate of the Aspen Principles & Values
• Contributes to improving the Aspen actuarial process
• Positive feedback from manager and senior stakeholders on effectiveness of information gathering and contribution to prioritization of development activities
• Regular contribution to team meetings

Skills & Experience 

• 2 plus years’ experience in an actuarial (pricing) role in property and casualty insurance
• Advanced Excel skills and basic programming capabilities in SQL, R or Python
• Strong academic record in Mathematics, Statistics, Economics or Actuarial Science
• Good interpersonal and communication skills
• Good organizational skills
• Able to work independently and as part of a team
• Able to manage conflicting priorities to achieve deadlines
• Ability to plan effectively and efficiently
• Attention to detail
• Inquisitive and intellectually curious
• Investigative skills
• Capable and willing to work towards a recognized qualification relevant to the role and function
• Experience of working within a corporate environment

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate.  We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.