Consulting Actuary

We are seeking an experienced and dynamic actuary to join our Property & Casualty (“P&C”) practice in the UK.

Milliman’s UK P&C practice provides consulting expertise to a variety of clients including insurance and reinsurance companies, Lloyd’s syndicates, ILS fund managers and investment funds. It advises on a range of insurance-related issues including reserving, capital modelling, pricing, risk management, and mergers and acquisitions. By combining sound actuarial technical knowledge, strong research capabilities, front-line actuarial products and tools, and bright and personable consultants, it has established and maintains a reputation for providing quality service to its clients.

Milliman’s UK P&C practice is largely autonomous, which enables it to act nimbly and flexibly, while, as part of a major international consultancy, it is able to draw upon additional resources, skills and deep actuarial expertise from Milliman offices in over 30 countries. It regularly collaborates on cross-border projects with other Milliman offices.

Responsibilities

• To manage or assist in the technical aspects of specific P&C client assignments, within the agreed budgets and timeframe, while meeting all appropriate legislative, regulatory, business and professional standards and requirements;
• To build and maintain strong relationships, both externally with clients and market contacts, and internally with colleagues;
• To develop and maintain a high standard of knowledge and understanding of pricing, both of technical matters and of the P&C environment, and to
  • disseminate this amongst colleagues and, where appropriate, clients; and
  • apply it to deliver best practice as well as innovative and pragmatic solutions to complex problems
• To attend and present at client meetings, including those involving marketing or sales proposals;
• To support and perform high quality, focused and relevant research and development as required, within agreed budgets and timeframes;
• To provide coaching, training and support to team members, as and when required, to deliver individual and group objectives;
• To carry out all tasks within the job holder’s level of skill and ability.

Experience and knowledge:

Essential

• Qualified Actuary (FIA or equivalent)
• Sound knowledge of the UK P&C insurance market with
• Relevant P&C company or consultancy background;
• Excellent practical experience in all aspects of pricing;
• Proven track record of delivering projects on budget and to required timescales;

Desirable

• Qualified actuary with good London Market experience;
• Experience in additional core actuarial services (e.g. capital, reserving, risk);
• Interested in carrying out work in business development / marketing;
• Experience of working with software products commonly used in the P&C insurance market, in particular pricing tools;
• Good understanding of the commercial and other needs of stakeholders;
• Good networker, especially at a senior or influencer level.

Skills:

• Strong numerical, technical, analytical and actuarial skills;
• Able to work effectively as an individual and as part of a team;
• Outstanding time management, project management and organisational skills, with good attention to detail and the ability to meet deadlines;
• Able to work efficiently and effectively on multiple projects simultaneously;
• Excellent interpersonal and written communication skills, including the ability to explain complex issues to a non-technical audience;
• Able to build good relationships with stakeholders at all levels and to manage their expectations.

Behaviour competencies:

• Driven to deliver quality product, on time and to budget;
• Motivated, leads by example and motivates others to deliver;
• Collaborative approach but will also take ownership and responsibility;
• Influences and challenges in open and professional manner;
• Shows intellectual curiosity to further own knowledge;
• Proactive and uses initiative;
• Shows commercial awareness;
• Demonstrates commitment;
• Flexible, versatile and innovative.