Senior 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.

Role Purpose 

• To assist in delivering the strategic objectives of the Actuarial team and to provide a high quality and effective actuarial service, in line with the actuarial business plan and broader strategic objectives within Aspen. 

• To collaborate with peers within the global actuarial function, underwriting function and other relevant business areas to deliver solutions to complex technical challenges through research and development of financial services industry best practice and actuarial analysis.

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

Key Reuslts Areas

Strategy and Planning

• Contributes to the tactical Actuarial plan and provides support to others to achieve positive results for the business, in line with strategy

• Contribute to shaping Actuarial strategy and provide tactical leadership and support to colleagues to achieve positive results for the business in line with strategy

• Contribute to the delivery of key Actuarial projects in line with Actuarial strategic vision

• Facilitate successful process improvement delivery

Policy, Process, Procedures 

• Ensures key processes and policies are adhered to and ensure Aspen actuarial procedures comply with Actuarial professional standards, internal standards and regulatory requirements

• Acts in accordance with and is an advocate of the Aspen Principles & Values

• Manages and revises appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses are produced

• Adopts efficient and consistent actuarial models and processes and/or technologies where appropriate

• Ensures appropriate checks are performed within processes to minimise inaccuracies

Technical Perfromance 

• Contributes to the development, maintenance and validation of actuarial systems, data, reporting and procedures to ensure that these are aligned with business needs and fit for purpose – to include the adoption of efficient and consistent actuarial models and processes and/or technologies, where appropriate

• Assists others in contributing to the business planning process, including collection and analysis of information and development of tools and reports, to ensure that best practice is followed – to include consideration of historic experience, rate, trend, pricing/reserving assumptions and external benchmarks

• Perform key account pricing analysis and communicate analysis and findings to stakeholders

Knowledge

• Good understanding of financial services industry best practice in actuarial analysis, model development and underwriting 

• Develop a good understanding of Aspen insurance and business processes

• Strong knowledge of actuarial analysis, modelling, and communication

• Proven knowledge and capability in applying industry and marketplace knowledge in shaping actuarial and underwriting strategy.

• Knowledge of the annual actuarial planning process

Skills

• Good knowledge of MS Excel (essential)

• Knowledge of programming languages such as VBA, SQL, Python, R etc advantageous.

• Good working knowledge of MS Access, MS Powerpoint and MS Word advantageous

• Effective communication/interpersonal skills

• Ability to persuade and influence both directly and indirectly

• Ability to produce detailed reports at various levels

• Ability to conceptualise in solving specific problems

• Excellent in the use and interpretation of numerical data

• Ability to organize work to meet deadlines

Experience

• BSc in Mathematics, Statistics, Economics, Actuarial Science, Computer Programming or similar

• Recognised actuarial qualification or progress towards becoming a qualified Actuary accredited by Institute of Actuaries or equivalent body

• Familiarity with technical concepts and practices in London Market / UK Commercial Lines Insurance / Financial & Professional Lines Insurance / APAC Markets / European Markets advantageous

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.