Claims Actuary

Time Type: Full time

Worker Type: Employee

Claims Actuary

Location: London / Hybrid

The opportunity:

This is a unique opportunity to join QBE as a Claims Actuary. In this dynamic role, you will delve into the intricate world of volatile claims and reserve volatility within the long tail claims population of EO Complex Claims.

You will be the key player in providing trend analysis and actionable insights to both the Reserving Actuaries and the EO Complex claims team, acting as a trusted intermediary and "translator" between these vital teams.

Your expertise in data analytics will be crucial in the EO Complex claims team, where you will identify and remedy data anomalies, providing valuable context that impacts the downstream processes for Reserving Actuaries.

Join us and make a significant impact with your skills and insights!

At QBE, we strike the perfect balance—not too big, not too small—giving you the opportunity to make a real contribution. With hybrid working arrangements, excellent benefits, and a supportive environment, we are committed to helping you succeed and grow.

Your new role:

• Leading on the analysis of volatile claims on a monthly basis and delivering the volatility proforma submission twice a year. Communication with all key internal stakeholders as required.
• Understanding trends and drivers of movements and communicating with Reserving Actuaries to help inform their assumptions.
• Meeting with claims leaders and adjusters to understand and interpret claims volatility and liaising with Underwriting leads regarding the information.
• Identifying data improvement opportunities and implementing solutions and change in conjunction with Operations, Change and Transformation teams.
• Understanding and influencing monthly movements in incurred position and communicating with internal stakeholders.
• Delivering claims insights for Claims Managers (e.g. long term trends in development, insured level performance metrics, etc.).
• Assisting the EO Complex claim team and Reserving Actuaries with learning and development to support continued collaboration and technical excellence.
• In-depth analysis and reviews of trends specific to classes of business, emerging risks, and market-wide exposure events.
• Supporting the EO Complex claims team with automation, AI, GenAI, and regular reporting to internal and external stakeholders.
• Identifying and leading on opportunities for further analyses that drive efficiencies and action.

About you:

• Effective communication and ability to collaborate across various teams with different priorities and skillsets.
• Strong abilities in the use and interpretation of numerical data.
• Ability to work independently, organize own work, and meet deadlines.
• Exceptional skills in Excel and other analytical and data tools, for example, Power BI and SQL.
• Ability to question established processes and suggest improvements.
• Understanding of risks and uncertainty, the actuarial profession, and/or London Market claims.

Why QBE? At My Best:

At QBE, we want our people to feel rewarded and inspired to perform at their best. That’s why we have created “At My Best”. It’s our connection, our way of showing we have your back.

We understand that one size doesn’t fit all and that priorities can change depending on your life stage. Our blend of wellbeing initiatives and benefits offers flexibility to suit what matters most to you.

We’re an international insurer that’s building momentum towards realizing our vision of becoming the most consistent and innovative risk partner. We can never really predict what’s around the corner, but at QBE, we’re asking the right questions to enable a more resilient future.

QBE aims to build a workplace that is fair and inclusive because we want to attract and retain the best people to do the job. We have adopted flexible working across the company and welcome this conversation.

With more than 13,000 people working across 27 countries, we’re big enough to make a real impact, but small enough to provide a friendly workplace, where people are down-to-earth, passionate, and kind.

At My Best - QBE Benefits:

You are more than your work – and QBE is more than a workplace, which is why we provide you with the benefits, support, and flexibility to help you concentrate on living your best life personally and professionally.

• 30 days holiday a year with the option to buy up to 2 additional days.
• Flexible working - balancing work and life is important so our flexible working opportunities are open to all, including part-time, job share, and compressed hours.
• Pension: you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.
• Private medical insurance: we fund fully comprehensive private medical cover for you and your family.
• Family friendly policies: we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation, or how you become a parent.
• Short term remote work abroad: you can request up to 20 days per year to work remotely from certain locations abroad.
• Sustainable investing: we believe sustainable integration is important for long-term financial, environmental, and social outcomes.
• Cycle-to-Work: benefit from regular exercise whilst making your commute greener and cheaper, select a bike and/or accessories up to the value of £5,000.

QBE Awards:

Some of the awards QBE is proud to have won or been a finalist for include:

• AXCO Global Insurance Awards 2024 Winner: Network Management of the Year.
• Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer.
• UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year.
• Working Dads Employer Awards 2023 Winner: Parental Policies Award.
• Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee.

Inclusion of Diversity:

We are striving to create a workplace culture where all our people feel included. We are committed to building a diverse workforce that reflects the communities we operate in.

We are proud to have partnerships with organizations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter helps keep us accountable and transparent.

Accessibility:

Here at QBE, we promote an accessible workplace for all, which includes supporting candidates to perform at their best during their recruitment process. If you require any accommodations, please make your Talent Acquisition contact aware.

What next?

If you have a passion to contribute to QBE’s vision of enabling a more resilient future for our customers and the community, we encourage you to apply!

We believe this is our moment – what if it was yours too?

APPLY NOW and let’s make it happen!

Skills:

• Actuarial Science
• Analytical Thinking
• Critical Thinking
• Decision Making
• Financial Products
• Intentional collaboration
• Managing performance
• Price Modelling
• Problem Solving
• Process Improvements
• Risk Management
• Sound Judgment
• Stakeholder Management
• Statistical Analysis Software (SAS)
• Waterfall Model

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.