We're looking for an Actuarial Analyst to join our Reserving Reinsurance team based in our Leeds office. You'll have the unique opportunity to work across lines of business written in both the Lloyds Market and London Market, without the need to be based in London.
As a key Insurance hub, our UK offices support business written globally, giving you broad exposure to different geographies and the opportunity to collaborate with colleagues around the world.
Your new role
Reporting to our Lead Actuary, you'll be a crucial piece in the overall support and provision of actuarial services, using our mature business processes, ensuring that business decisions are made using the best possible quantitative information.
Main responsibilities:
Supporting the forecasting of regular Technical Provisions, Reserve Margins, and Reserve uncertainties to provide appropriate analysis for reports and accounts, business planning, profitability studies and commutations.
Monitoring and reviewing reserve assessments with interim analyses including actual vs expected, large loss and catastrophe event reporting, business planning.
Investigating drivers of Reserve changes and communicating to the Reserving Manager.
Using appropriate systems and established procedures to ensure accurate data is used and subsequently appropriate analyses produced.
Building and maintaining relationships with internal and external stakeholders to strengthen customer focus
About you
We would love to hear from you if you have a good understanding of how an Actuarial Department works and are eager to advance your career. You need to work well with others and be proactive and self-motivated in driving tasks forward.
Skills you'll need:
Understanding of industry best practice in actuarial analysis, modelling and underwriting.
Good understanding of detailed reports and the ability to analyse them is important.
Communication, time management, and organizational skills.
Experience using MS Office applications such as Word, Excel, and PowerPoint, and knowledge of a programming language e.g. SAS, SQL.
Preference for General Insurance, but open to other Insurance areas. (Life Insurance Pensions, etc)
About QBE
What if you could have a positive impact – at work and in the world?
At QBE, we’re enabling a more resilient future – for our customers, communities, environment, and for our people. We’re building momentum to achieve something significant and know our people are at the centre of our success.
Join us now, so you can be part of our success – and we can be part of yours.
Our industry offers interesting and varied careers where you can help people to protect what matters most. As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented and kind. And our international scale means we’re big enough for your ambitions, yet small enough for you to make a real impact.
Your career at QBE — Let’s make it happen.
Diversity and Inclusion
We know that diversity of thought, background and experience enables better decision making, improves the quality of our delivery and helps us to meet the needs of our customers. Our vision is to empower our people to be their best by creating an environment where everyone's contribution and voice is valued, where we have a collective sense of purpose and a community of empowered individuals working collaboratively.
Our Inclusion & Diversity strategy is based on 3 core pillars and we are committed to driving change across each of these;
1. Diverse Workforce – We know diversity is good for us now and in the future. We drive leadership representation and a diverse pipeline of talent
2. Inclusive Workplace – We fundamentally believe everyone should be included. We build inclusive capabilities, listen to our people, and support flexibility and wellbeing
3. Connected Marketplace – We are a positive influence for societal change. We encourage a diverse supply chain, and endeavour to support and enhance equitable access for our diverse customer base.
Our Network Groups
QBE Circle is an active employee network dedicated to breaking down gender bias, stereotypes and the promotion of gender equality and fairness for all. In 2020 we opened up a conversation around Menopause to raise awareness and provide the right level of support for staff. More broadly, QBE is committed to improving gender equality and we are taking a range of measures to recruit, develop and retain more female candidates, while making sure they are getting the opportunities they deserve. We have a target of achieving at least 40% women in leadership by the end of 2025. QBE is a signatory to both the UN Women’s Empowerment Principles and HM Treasury’s Women in Finance Charter.
In 2019, we formed a new employee network called Mix to encourage and celebrate ethnic diversity at QBE, as well as raising awareness about issues faced by ethnic minorities in the workplace. We strongly believe that ethnic diversity adds value to our organisation by helping us to attract and retain the very best talent, foster innovation and meet the needs of diverse clients in today’s global environment. The network has successfully piloted a reverse mentoring scheme to educate colleagues around challenges people face and introduced a School Partnership programme to encourage students from ethically diverse backgrounds to experience the working world of insurance.
QBE Open Mind was established in 2019 to challenge workplace stigma about mental health and to make it easier for those who need help to feel comfortable asking for it, provide the right support to all employees and to send the message that it's OK not to be OK. Establishing Open Mind continues the great strides QBE has made in supporting our people's mental health, recognising it is a critical factor in being able to bring their whole selves to work. It's no longer reasonable - or realistic - to expect people to leave their problems at the door, and we have a duty of care to support anyone who may be struggling.
QBE Pride exists to promote and support an open and inclusive workplace culture where diversity is acknowledged, respected and celebrated. QBE Pride draws on the unique backgrounds and experiences of LGBT+ employees and allies to build an inclusive workplace, and to give everyone the confidence to bring their whole selves to work. From organising annual Pride events, to writing QBE's Gender Affirmation and Transition guidelines, to jumping up the rankings in Stonewall's Workplace Equality Index, we've kept ourselves busy, with plenty more to do! Our Vision is for: QBE to be recognised as a business where all employees are respected and valued, regardless of their sexual orientation or gender identity. All our colleagues to be informed and confident operating within an open inclusive workplace. QBE to be an employer of choice for LGBT+ people.
The QBE Workability network, which was set up in 2016, plays a crucial role in promoting awareness of physical disability and neurodiverse conditions as well as providing support to those affected. In 2018, QBE joined the government’s Disability Confident scheme, signalling its commitment to recruiting and retaining those affected by both visible and invisible disabilities. We recognise that a large number of our workforce have caring responsibilities, and in 2021, we progressed to level 2 of the Carers Confident scheme.
We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent.