Actuarial Undergraduate Placement

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  • Salary: Negotiable
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    Job TypePermanent
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    AddressGloucester, Gloucestershire

Job Title: Actuarial Undergraduate Placement (1976)

Location: Gloucester (Head Office)

Duration: 11 Months, Starting September 2020

Hours: 35 Hours a Week, Monday to Friday

About the role

Are you an undergraduate who wants to work in a uniquely diverse and challenging environment? Have you got the ability and desire to work in an area that supports key business decisions that directly influence the direction and success of the organisation? If so, this particular placement will support you in your professional development and will be an important step in helping you reach your career goals.

This is an excellent opportunity to work in an expert and well established General Insurance Actuarial Department. You will gain experience in the three key actuarial areas including Pricing, Reserving and Capital Modelling.

Key Accountabilities:

· Throughout the placement you will be expected to be involved and add value in the following:

· Year-end/Quarter-end claims reserving, using core actuarial methods, for example, chain ladder and bornhuetter-ferguson reserving techniques.

· Technical pricing review for one of (or several) our niche’s at Ecclesiastical, using generalised linear modelling and other pricing techniques.

· Capital model calibration and testing, selecting appropriate parameters to be used as model inputs and testing the output of the model (i.e. against actual experience).

· Other business projects and ad-hoc requests that address business need. Typical examples include:

– Price monitoring

– Business plan claims forecasting

– Capital model uses to support business decisions

Essential Skills:

· Strong analytical and mathematical skills.

· Demonstrably proactive, identifying and delivering on opportunities to add value.

· Independent with ability to work to high standard with minimum supervision.

· Effective communication skills with proven ability to build effective relationships.

· Demonstrates sound and commercial judgement and ability to design practical and proportionate solutions.

· Strong IT skills.

· A strong track record of personal success as well as academic achievement.

· An interest and understanding for the general insurance industry and actuarial career.

Essential Qualifications:

· On track to achieving at least a 2:1 degree (or equivalent) in statistics, actuarial studies, computing, mathematics or physics.

· A numerical A Level at grade B or above