Job Introduction

MPS is seeking a non-life insurance actuarial analyst making good progress towards qualifying as an actuary.

The role will be primarily focused on reserving. However, the reserving process is annual which means there is a lot of opportunity to become involved in capital modelling and to contribute to strategic projects.

This role will work closely with experienced actuaries across reserving and capital modelling.

Role Responsibility

• Assist in performing annual reserve reviews including data preparation, modelling, reporting and interpreting and communicating results.
• Work with actuarial colleagues to deliver the annual capital model update and to continually improve the capital model including parameterisation and validation.
• Ensure that the quality of data used in the actuarial processes is of the highest standard and reconciles to source data from the data warehouse
• Stay abreast of best practice to ensure that all actuarial work is of the highest standard and improve the use and understanding of actuarial analysis within MPS

The Ideal Candidate

• Numerical degree
• Making good progress to becoming a Fellow of the Institute and Faculty of Actuaries (or equivalent)
• Experience of working in a non-life insurance actuarial team and in at least one of reserving and capital modelling (especially for long-tail lines)
• Excellent Excel skills
• Excellent problem-solving skills
• Knowledge of ResQ and/or ReMetrica
• Coding experience (eg VBA, SQL)
• Confidence to review and challenge work
• Fast learner

Package Description

• London weighting allowance
• 12% company pension contribution (3% from the individual)
• Annual bonus scheme up to 15% (for permanent roles)
• Private Medical Insurance
• Health Care Cash Plan
• 25 days annual leave, plus bank holidays

MPS’s Actuarial Development Scheme provides a study package for the UK actuarial exams which includes up to 40 days leave per annum and reimbursement for exams, tutorials and study materials. These benefits are subject to meeting the exam progression and work performance requirements of the scheme.

About the Company

Medical Protection Society (MPS) is the world’s leading protection organisation for doctors, dentists and healthcare professionals. We protect and support the professional interests of more than 300,000 members around the world, in countries as diverse as the United Kingdom, South Africa and Hong Kong.

We strive to be much more than a last line of defence by being at our members’ side at every step, offering support, advice and world-class defence. Membership provides access to expert advice and support together with the right to request indemnity for complaints or claims arising from professional practice.
We continue to invest in our team to ensure that we are delivering the best possible service for members. This was recognised in 2016 when we were awarded an Investors in People Silver award.

Medical Protection Society