Job Description:
Actuarial Analyst
Hybrid working with up to 3 days per week working from home
Angel Court, London or Staines
Permanent
Salary £50K - £55K per annum dependent upon experience
Full time 37.5 hours per week
Our Actuarial teams play a key role in helping us deliver on our strategy. Whether your focus is pricing, reserving, modelling or another area we believe in allowing our colleagues to work in a way that suits them. Giving them the time and freedom to keep our customers at the heart of every decision.
We are looking for an actuarial analyst to join our UK Actuarial team. As actuaries, we are the problem solvers of the business. We use our mathematical skills to quantify the probability and risk of future events. Helping the business plan for the future and navigate an increasingly changing world.
This is a broad and ideal development role in which you will collaborate with many other teams and enjoy significant exposure to our senior leadership and access to Bupa’s growing global actuarial network.
What you'll be doing…
Leverage our wealth of customer data to analyse historic trends and better understand the drivers of customer behaviour and claiming patterns. You are free to use a variety of statistical methods and machine learning techniques, the possibilities are limited only by your imagination.
Develop and run actuarial valuation models to set our technical provisions and project future cashflows. Feeding into our quarterly IFRS17 and SII reporting deliverables.
Calculate the Solvency Capital Requirement and perform an assessment of our Economic Capital. Informing strategic decision making and ensuring that our business is making the most efficient use of its resources.
Setting key actuarial assumptions, comparing actual performance against expectations, and building a feedback loop to ensure that our projections are as accurate as possible.
Produce a range of management reporting, which will contribute to key planning and strategy discussions, helping our leaders to confidently steer the business.
Ensure that our work meets the highest standards with effective controls and governance. Helping protect our data and our customers.
Work with other colleagues within the reserving, planning, pricing, underwriting, risk, finance and group teams. Building a culture of trust, collaboration and creativity.
Who we are looking for…
Actuarial student with 3-7 exam passes (e.g. IFoA).
General or Health Insurance background.
Previous experience in actuarial reserving, reporting and/or capital.
R, SAS, ResQ, Psicle or Re-Metrica software knowledge is an advantage, but not essential.
Proactive mindset and ability to work independently.
Ambition and drive!
Benefits
Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits.
Joining Bupa in this role you will receive the following benefits and more:
• 25 days holiday per year, pro rata to your contract.
• Access to a range of services to support your physical and mental wellbeing
• Fixed term benefits allowance
• Access to our confidential employee assistance programme
• Workplace pension
• Online discounts covering your everyday shopping, entertainment, eating out and more.
Why Bupa?
We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.
