Trainee Actuary

Ageas Insurance
14 Jul 2017
27 Jul 2017
Job role

Trainee Actuary – Motor Actuarial Team

Permanent - Full Time

Salary up to £25,000 Depending on Experience


Do you aspire to join an international organization that is among the top 10 in its industry in the UK? Can you bring together disparate information to make logical and informed recommendations? Are you motivated to build a career with a professional qualification that you can apply to the real world? Then join Ageas as a Trainee Actuary to discover a vocation that is more than you might have imagined.

Our Motor actuarial team provides a wide range of services across Ageas personal motor lines – as our Trainee Actuary you might be involved in specialist pricing analysis and commercial management information interpretation – and you’ll get exposure to our full range of motor products (Private Car, Van, Motorbike). You will also be involved with evaluation of reserves and monitoring claims trends using appropriate actuarial and statistical methods of analysis. Working closely with our Underwriting, Pricing, Finance and Claims departments you’ll also be fully supported along the way. This exposure to multiple technical specialisms across a range of our motor products will help build your knowledge and expertise and give your career variety and development opportunities

Main Responsibilities

·Assist in the production and interpretation of actuarial and statistical pricing analysis to make recommendations in support of commercial business decision making

·Assist in the evaluation of reserves and monitoring of claims trends.

·Assist in maintenance, research, development and upgrading of new and existing actuarial and statistical models that underpin our corporate pricing decisions.

·Pro-active investigation of data and wider insurance business awareness to support the underwriting and claim functions in identifying current and future areas of interest regarding business performance.

Alongside these business experiences will be your professional development as you work towards an internationally recognised qualification. We provide an excellent Study Support Package specifically designed to support Actuaries through their qualifications; this includes study days, fees support and much more.

As a trainee actuary joining our team, you will receive mentors to support you from day one, and it won’t be long before you are making positive contributions and looking to take on additional responsibilities. You’ll be part of an inclusive culture where we work collaboratively to achieve shared goals. As an actuary you’ll learn how to work with uncertainty, and use complex financial and statistical information to identify and present your findings in a clear and simple way.

Knowledge, Skills and Experience

·Degree in Mathematics/Statistics or equivalent (2:1 or above).

·Strong analytical skills

·Competence using Microsoft Office

Here are some of the benefits you can enjoy:

As much as we value our customers, we also value you. In your Trainee Actuary position you can enjoy a range of flexible benefits options - such as a company pension, 23 days holiday and discounts on company products and with a wide range of retailers and gyms.

About #AgeasUK

We're a leading provider of award-winning insurance solutions in the UK, distributing our Personal and Commercial products through brokers, intermediaries, affinity partners and the internet. We have two consumer brands – Back Me Up and RIAS – and partner with some of the nation’s most well-known brands, such as John Lewis, Age UK, Toyota, Virgin Money and General Motors. We also hold a 50.1% share in Tesco Underwriting, providing home and motor insurance to Tesco Bank customers. Insuring around five million customers and working with a range of partners, we are recognised for delivering consistent and high-quality customer experiences. We employ around 4,000 people with offices based across the UK.

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