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Actuarial Trainee (O910548)

Douglas, Isle of Man

Assurance & Insurance

Excellent base salary plus benefits package

Full time / Permanent

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Job description

Overview

Our Financial Services Client in Douglas is enjoying tremendous growth and have ahead of them an exciting technology portfolio. To support them through this, they require an Actuary Trainee to join their expanding team.

Role Profile

Product Pricing:

  • Preparation and use of profitability models
  • Support design and profitability analysis of new productdevelopments & product enhancements
  • Provision of reports and recommendations on the basis ofactuarial calculations

New Business Quotations:

  • Input to development and maintenance of illustration systems
  • Produce ad hoc manual illustrations on request
  • Provide quotations for special deal requests under timepressure

Support Internal/External Stakeholders:

  • Provide actuarial support to the other teams within PMD
  • Provide actuarial support to the different internaldepartments including Sales, Marketing and Operations

Other duties:

  • Contribute to the Proposition Management and Development (PMD) function of the companyby supporting in product development & product enhancement, including pricing, design, profitability, market position and analysis of new opportunities, in conjunction with other areas of the PMD function
  • Communicate and liaise with relevant staff for product development, including the evaluationof ideas and suitability of recommendations
  • Carry out, or provide actuarial support for, investigations of both internal and competitor datafor product development work including product changes in the market
  • Provide actuarial support to quotes, illustrations, past performance figures and othermarketing aids in order to meet business targets
  • Provide actuarial support in the development and maintenance of quotation and illustrationsystems and to provide non-standard quotes and illustrations
  • Support Sales and Operations with product technical queries
  • Assist in monitoring the ongoing performance of products including target market suitability, profitability, persistency, competitiveness
  • Assist in liaising with the Actuarial department to agree methods and assumptions for pricing and profit testing

Person Profile

  • Honours Actuarial degree qualification desirable with good progress in actuarial exams
  • Some experience of working in a Pricing, Modelling orValuation role
  • Excellent written and verbal communication skills
  • Project management skills
  • Strong computer skills including some or all of the following: Advanced MS Excel, Word, Access; Visual Basic; Iris-C; SQL
  • Attention to detail and accuracy. Take pride in, and responsibility for the quality of your work

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