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Actuarial Trainee (O910495)

Douglas, Isle of Man

Assurance & Insurance

£25,500 per annum plus tremendous training support and benefits package

Full time / Permanent

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Job description


Are you a recent graduate seeking a career within the field of financial analytics? If so, our leading Douglas-based Client is seeking an Actuarial Trainee to join their growing department.

Role Profile

Working as part of a small team, but with an ability to work independently, you will undertake tasks across a variety of areas including pricing and product development, regulatory/internal reporting and actuarial liability modelling, as well as having the opportunity to contribute to the growth and development of the company through involvement in project work.

Duties will include:

  • Support external reporting by assisting in the production of valuations to appropriate standards and within agreed timescales
  • Support internal financial reporting, including experience investigations to appropriate standards and in line with agreed methodologies
  • Assist with the development and maintenance of actuarial liability models, checking data extract routines, and maintaining appropriate documentation
  • Take an active role in maintaining and developing illustration systems
  • Provide actuarial support to product development and pricing exercises
  • Provide actuarial support to project work as and when required

Person Profile

  • Educated to honours degree level (a minimum 2:1) in a mathematical (or related) subject with a proven track record of strong exam performance in mathematical subjects
  • Meet the requirements needed to join the Institute and Faculty of Actuaries as a student member (or equivalent body), or already be a member of such an organisation
  • Experience of Excel, including the use of VBA, would be beneficial.
  • Very strong analytical skills and an attention to technical detail
  • Excellent inter-personal skills and an ability to communicate with people at all levels of the company in an effective manner
  • A proven self-starter with an ability to show initiative whilst asking for support where appropriate
  • An ability to write reports to a high standard
Desirable / also considered:
  • Candidates who already have up to two years of experience of working as an actuarial trainee for an insurance company

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