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Actuarial Data Analyst

Westfield Insurance
London
1 week ago
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  • To support more senior team members in automating processes.
  • This includes (but not limited to):
  • Solvency II Technical Provisions
  • GAAP reserving (with long term intentions to use machine learning)
  • Pricing (making case pricing more efficient and scalable)
  • Pricing transformation (supporting model build from excel and Tyche into Python)
  • Dashboard support (working alongside the MI team to create new outputs)
  • Assist with the actuarial elements of the business planning process.
  • Assist with the parameterisation of the internal model.
  • Ad hoc analyses to support management as required.
  • Manage and collaborate group wide projects.

Job Description

Key Accountabilities

  • To support more senior team members in automating processes.
  • This includes (but not limited to):
    • Solvency II Technical Provisions
    • GAAP reserving (with long term intentions to use machine learning)
    • Pricing (making case pricing more efficient and scalable)
    • Pricing transformation (supporting model build from excel and Tyche into Python)
    • Dashboard support (working alongside the MI team to create new outputs)
    • Assist with the actuarial elements of the business planning process.
    • Assist with the parameterisation of the internal model.
    • Ad hoc analyses to support management as required.
    • Manage and collaborate group wide projects.

Role Requirements

Skills/Competencies

  • Coding: The role is heavily focussed on how to take existing processes and make them more efficient and ideally, code them using python so the ability to interrogate excel models and translate to python is a must.
  • Technical: This role will be the first actuarial data analyst as part of a wider digitisation initiative. Therefore ability to understand mathematical and statistical techniques (such as reserving and pricing) will be required.Candidate does not have to be a trained actuary, but someone who understands how to project and forecast.
  • Communication: Communicates well one on one, in small groups and public speaking. Fluent, quick on feet, command of language. Keeps people informed. Writes clear, precise, well-organised documents using appropriate vocabulary, grammar & word usage.
  • Judgement / decision making: Consistent rationality & objectivity in decision making.
  • Flexibility : Respond to demand for actuarial support across the organisation.

Experience

  • Proficient in Python .
  • Experience using R and SQL are desirable.

This job description describes the general nature and level of work performed in this role. It is not intended to be an exhaustive list of all duties, skills, responsibilities, knowledge, etc. These may be subject to change and additional functions may be assigned as needed by management.

Qualifications

  • 2:1 in a highly numerate degree (preference towards degrees requiring coding).
  • Minimum 1 year of London Market experience.

About Us

Founded in 1848, Westfield is a global leader in property and casualty insurance, delivering superior risk insights and innovative solutions to customers through a diverse portfolio of insurance products. Westfield underwrites commercial, personal, surety, and specialty lines of coverage through a network of leading independent agents and brokers in the United States and specialty products through Lloyd’s of London Syndicate 1200. As a mutual insurance company with more than 3,000 employees, Westfield has revenues in excess of $4 billion and more than $10 billion in assets.

About The Team

Westfield Specialty International Culture

Our culture is centred around three core values:Excellence, focused on high performance, agility and embracing change;Ambition, where inquisitiveness, challenge and a bold approach is encouraged; andCollaboration, delivering shared goals through collective expertise,diversity of thoughtand transparency. All three are underpinned by Reward & Recognition,where people are supported & respected, and success is celebrated.

Equal Opportunity Employer

United States: All applicants receive consideration for employment without regard to race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, or status as a protected veteran.

United Kingdom: Westfield is committed to equality of opportunity for all staff and applications from individuals are encouraged regardless of age, disability, sex, gender reassignment, sexual orientation, pregnancy and maternity, race, religion or belief and marriage and civil partnerships.Seniority level

  • Seniority levelEntry level

Employment type

  • Employment typeFull-time

Job function

  • Job functionInformation Technology
  • IndustriesInsurance

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