7 Actuarial Analyst jobs in the United Kingdom

About us

Avencia are partnered with a leading specialty insurer and reinsurer, who are looking to recruit an Actuarial Analyst in their London office.

The opportunity

Join a dynamic actuarial team supporting an international insurance organisation across multiple geographical regions. While primarily based in London, the team operates flexibly, with the option to work remotely or from other office locations. This role offers frequent interaction with teams across underwriting, finance, and claims, as well as colleagues globally-including the US and Europe.

Key responsibilities

• Deliver technical and operational support to the actuarial function covering Professional and Financial risk and European underwriting portfolios.
• Contribute to:
  • Large account pricing and tool validation
  • Business planning and capital model parameterisation
  • Quarterly reserving and best estimate analysis
  • Annual regulatory reporting
• Develop strong working relationships with underwriting teams, offering both challenge and support across pricing and reserving.
• Take ownership of core processes to produce deliverables for internal and external stakeholders.
• Support wider actuarial initiatives across the international business.

Skills & experience

• Prior experience in either actuarial pricing or reserving; experience in both is an advantage.
• Strong interpersonal skills with the ability to build effective relationships across multiple departments, including Underwriting, Finance, and Claims.
• A team player with excellent organisational skills and the ability to manage your own workload.
• Comfortable presenting results and insights to underwriters or other business stakeholders.
• Understanding of actuarial inputs to business planning and capital modelling processes.
• Willingness to work from the London office at least two days a week.

• Develop, maintain, and refine actuarial models for pricing, reserving, and capital modelling.
• Analyze complex datasets to identify trends, assess risks, and provide strategic insights.
• Perform reserving calculations and valuations for various insurance products.
• Assist in the development and implementation of pricing strategies for new and existing products.
• Conduct experience studies to support actuarial assumptions.
• Prepare detailed actuarial reports and presentations for senior management and regulatory bodies.
• Collaborate with underwriting and claims departments to assess risk and inform business decisions.
• Ensure compliance with all relevant actuarial standards and regulatory requirements.
• Mentor and guide junior actuarial staff.
• Contribute to the continuous improvement of actuarial processes and methodologies.
• Utilize advanced statistical techniques and software for analysis.
• Support product development by providing actuarial input and analysis.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of actuarial exams (e.g., FIA, FASSA, FSA) is essential.
• Minimum of 5 years of actuarial experience within the insurance industry.
• Strong proficiency in actuarial software (e.g., Prophet, GGY Axis, TAI) and programming languages (e.g., Python, R, SQL).
• Excellent analytical, problem-solving, and quantitative skills.
• Effective communication and presentation abilities, with the capacity to explain complex concepts clearly.
• Proven ability to work independently and manage multiple projects in a remote environment.
• Experience in life, general, or health insurance is highly preferred.
• Strong understanding of regulatory frameworks impacting the insurance industry.

• Develop, implement, and maintain actuarial models for pricing, reserving, and financial forecasting.
• Perform complex data analysis to support actuarial valuations and risk assessments.
• Assist in the preparation of regulatory filings and statutory reports.
• Analyze product profitability and provide insights to inform business strategy.
• Collaborate with underwriting, claims, and finance departments on actuarial matters.
• Stay up-to-date with industry regulations, actuarial standards of practice, and emerging trends.
• Develop and maintain documentation for models and processes.
• Mentor and provide technical guidance to junior actuarial staff.
• Conduct experience studies to analyze mortality, morbidity, and lapse rates.
• Contribute to the development of new life insurance products.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Progress towards or completion of actuarial examinations (e.g., Institute and Faculty of Actuaries exams).
• Minimum of 5 years of actuarial experience, preferably within the life insurance sector.
• Proficiency in actuarial software (e.g., Prophet, Moses, AXIS) and programming languages (e.g., VBA, Python, R).
• Strong analytical, problem-solving, and quantitative skills.
• Excellent communication and presentation skills.
• Ability to work independently and as part of a team.
• Knowledge of insurance regulations and compliance requirements.
• Detail-oriented with a strong commitment to accuracy.

• Develop, refine, and implement pricing models for various commercial insurance products.
• Conduct reserving analyses and projections for different lines of business.
• Perform profitability analysis and recommend strategies for improving underwriting results.
• Utilize advanced statistical modeling techniques and software for actuarial tasks.
• Collaborate with underwriting, claims, and finance departments to provide actuarial support and insights.
• Develop and maintain actuarial databases and ensure data integrity.
• Prepare clear and concise reports and presentations for management and regulatory bodies.
• Monitor industry trends, regulatory changes, and emerging risks impacting the insurance market.
• Assist in the development and testing of new insurance products.
• Evaluate the impact of economic conditions on pricing and reserving.
• Mentor junior actuaries and contribute to the professional development of the actuarial team.
• Stay current with actuarial best practices and professional standards.
• Support the development and implementation of risk management frameworks.
• Automate and streamline existing actuarial processes.

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, or a related quantitative field.
• Nearly or fully qualified Actuary (e.g., Fellow of the Institute and Faculty of Actuaries or equivalent).
• Minimum of 4-6 years of actuarial experience, preferably within the general insurance sector.
• Strong knowledge of pricing, reserving, and risk management principles.
• Proficiency in actuarial software and programming languages (e.g., R, Python, SQL, SAS, Emblem, Prophet).
• Excellent analytical, quantitative, and problem-solving skills.
• Strong communication and presentation skills, with the ability to explain complex concepts to non-technical audiences.
• Ability to work independently and manage multiple projects with attention to detail in a remote environment.
• Experience with commercial lines of insurance is highly desirable.
• Understanding of regulatory requirements for insurers (e.g., Solvency II).

New role - Actuarial Pricing Analyst - paying up to £55,000 on the base salary.

Looking for candidates with 1-3 years experience in pricing (ideally personal or commercial lines) with some good coding skills in R and Python.

Please reach out for a confidential chat about this role, a market catch-up/ salary benchmarking or pretty much anything actuarial related :) / 07456961050.

New role - Actuarial Pricing Analyst - paying up to £55,000 on the base salary.

Looking for candidates with 1-3 years experience in pricing (ideally personal or commercial lines) with some good coding skills in R and Python.

Please reach out for a confidential chat about this role, a market catch-up/ salary benchmarking or pretty much anything actuarial related :) / 07456961050.