Trainee Actuarial Analyst

The Opportunity

We are seeking a Trainee Actuarial Analyst to join our successful and well-established Pricing Data Science team in London. Working alongside a growing team of 40 Pricing and Data Science specialists, you will be supporting the pricing of $5 Billion of annual premium, have the opportunity to cover multiple lines of business, and work closely with Underwriters across the UK, Europe, Lloyd’s and London Markets.

If you are a graduate this is an exciting opportunity for a graduate looking to make your first step into the insurance industry!

With the opportunity for a full actuarial study package, hybrid office working and excellent benefits including 30 days holiday, you will be working in a supportive, inclusive, and collaborative environment. We’re the down-to-earth, international insurer that is neither too big nor small, so you can make a real impact!

Your New Role

• Support the development of pricing tools and rates and the review of premium/rating methods to ensure that methods adopted by the business are robust/valid.
• Work on the case pricing of larger risks and binders
• Ensure appropriate checks are performed within processes to minimize inaccuracies.
• Assist the product pricing lead to ensure that processes are aligned to business needs and fit for purpose.
• Build and maintain relationships with internal and external stakeholders to improve customer focus.
• Use appropriate systems and procedures to ensure accurate data is used and subsequently appropriate analyses produced. This is to include adopting efficient and consistent actuarial models and processes and/or technologies where appropriate.
• Fuse new data science techniques with traditional pricing methods to help form a market leading team of pricing data science professionals.
• Comply with documentation of key processes and policies to ensure QBE Europe and its divisions: | Comply with all material legal and regulatory requirements | Adhere to relevant actuarial standards and good practice | Meet all internal European and/or global internal reporting requirements | Support with minimizing the risk of business discontinuity.

About you

• Effective communication.
• Excellent interpersonal skills and client focused to build strong and collaborative relationships with different departments and internally.
• Strong analytical and problem-solving skills
• Ability to work independently and to adapt to changing priorities and timescales.
• Strong skills in Excel and other analytical tools
• Ability to use and interpret numerical data.
• Ability to organize own work to meet deadlines.
• Ability to work within defined procedures.
• Desirable: Demonstrable interest in modern data science models and techniques.
• Desirable: Python experience, or experience with other programming languages.

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. That is why our blend of wellbeing initiatives and benefits offer flexibility to suit what matters most to you.

It’s in the culture of our business, our QBE DNA, to support our people. Everything we do is underpinned by our QBE DNA - because we know it’s not just what we do that matters, it’s how we do it that makes the difference. In addition to this, we also offer flexible parental leave for both parents and have several employee network groups that support and empower our diverse workforce.

Some of the award’s QBE are proud to have won, been a finalist for, and shortlisted for include;

5-star Diversity, Equity and inclusion (DEI) awards, 2023 Winner - Insurance Business Canada

Employer of the Year 2022 Winner – Insurance Insider

British Claims Awards 2022 Winner - InsurTech Award

Insurance Times Claims Excellence Awards 2022 Winner - Claims Product Solution of the Year

Working Families Best Practice Awards 2021 Finalist for: Best COVID-19 Response

Insurance Post British Insurance Awards 2022 Shortlisted for: Best Customer Care, Diversity & Inclusion Initiative of the Year 2022, Specialist Insurer of the Year (for Construction), General Insurer of the Year

We are proud to have partnerships with organisations such as Stonewall and Working Families, and our commitment to the Women in Finance Charter, the UN Women’s Empowerment Principles and Race at Work charter helps keep us accountable and transparent

Inclusion of Diversity

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

We know that diversity of thought, background and experience enables better decision making, improves the quality of our delivery and helps us to meet the needs of our customers.

ESG & Sustainability

At QBE, we believe that integrating sustainability into our business helps us deliver on our purpose of enabling a more resilient future. Our three key focus areas include fostering an orderly and inclusive transition to a net-zero economy, enabling a sustainable and resilient workforce and partnering for growth through innovative, sustainable and impactful solutions.

About QBE

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 – helping those around us build strength and embrace change to their advantage.

We’re an international insurer that’s building momentum towards realizing our vision of becoming the most consistent and innovative risk partner.

And our people will be at the center of our success. We’re proud to work together, and encourage each other enable resilience for our customers, our environment, our economies and our communities.

With more than 11,000 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.

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

Your career at QBE — let’s make it happen!

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! Simply click the “apply” button to submit your CV and other relevant documents, and a member of our friendly Talent Acquisition team will be in contact to discuss your interest further if you meet the requirements of the role.

Please make the Talent Acquisition aware should there be any reasonable adjustments that may need to be made for the interview and the remainder of the recruitment process.

APPLY NOW and let’s make it happen!

Equal Employment Opportunity:

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