Actuarial Analyst at Metropolitan

ROLE PURPOSE

• Analyse data by using statistical models in order to support the actuarial team in probability and cost calculations that impact the financial viability of products and pricing models.

OUTPUTS

INTERNAL PROCESS

• Analyse product related data from various sources to assess completeness and accuracy, identifying potential errors and irregularities, to ensure accuracy of client and product insights and analysis.
• Source and analyse competitor funeral products and pricing models to provide insight into product and pricing models for funeral solutions.
• Perform experience investigations, modelling and data analysis using specialised software, to support the actuarial team to develop new funera solutions and monitor experience on existing funeral solutions.
• Develop and maintain pricing models and basis.
• Prepare product health reports and present insights derived from analyses, to support decision-making and inform appropriate actions through various options and scenarios.
• Provide technical actuarial support to the funeral team and claims areas to support various initiatives.

CLIENT

• Build and maintain relationships with various internal and external stakeholders, such as IT, distribution, legal, service, claims and valuations.
• Make recommendations to improve client service and fair treatment of clients on funeral solutions
• Participate and contribute to a culture which builds rewarding relationships, facilitates feedback and provides exceptional client service.
• Conduct relevant research to inform pricing and design assumptions, projections and advice provided to the business, and to develop own expert opinion.

PEOPLE

• Develop and maintain productive and collaborative working relationships with peers, clients and stakeholders.
• Positively influence and participate in change initiatives.
• Continuously develop own expertise in terms of professional, industry and legislation knowledge.
• Contribute to continuous innovation in funeral solution design and processes through the development, sharing and implementation of new ideas.
• Take ownership for driving career development.
• Effectively manage time and ensure optimal productivity.
• Ensure technical product and legislative knowledge are always current in order to propose the most relevant and innovative client solutions and comply with governance requirements.
• Be self-confident, self-motivated and relentlessly pursue targets and goals.

FINANCE

• Identify solutions to enhance cost effectiveness and increase operational efficiency of funeral solutions.
• Provide input into the risk identification processes and communicate recommendations in the appropriate forum.

JOB REQUIREMENTS

Formal qualifications

• Degree in Actuarial Sciences, Statistical Analysis, Mathematics or related field, Essential
• Honours degree in Actuarial Science, Desirable
• On-the-job training / qualifications, Important
• Specific Licensing Or Registration                         
• Actuarial student -Passed or have exemptions for at least 6 A1 or A2 level actuarial exams, Essential

Knowledge

• Actuarial modelling
• Statistical analysis techniques

Skills

• Proficient in MS Office Packages (MS Outlook, MS Word, MS Powerpoint, MS Excel)
• Experience in the following will be advantages:
• RiskAgility
• Prophet
• SQL
• VBA

EXPERIENCE

• 2-3 years’ experience in actuarial analysis
• Product development or pricing experience

Behavioural Competencies                        

• Examining Information
• Interpreting Data
• Providing Insights
• Exploring Possibilities     
• Articulating Information
• Meeting Timescales
• Checking Things
• Producing Output