At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we're a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.
We've now welcomed our new CEO, Adam Winslow, and are at the start of an exciting period of change for DLG. With ambitious plans for large-scale transformation, we're going to see a refreshed strategy to drive value for our customers, colleagues and shareholders.
Our Corporate Actuarial teams deal with risk on a billion pound scale. Bringing together the widest range of skills, tools, and information, they calculate the risk involved in any given policy – and ultimately a potential claim. Market leading techniques. Maximised profitability. Business-wide connection. That's how we support some of the UK's most recognisable brands to grow and develop.
London - Hybrid working, 2 days per week in the office
What you'll be doing:
* Reporting into the Head of Model Delivery, you will manage, and make recommendations to improve, the support and maintenance of the actuarial modelling systems including aspects of development and process including data procurement, modelling, reporting and production. This includes development of Psicle for reserving, IFRS17 and Solvency II and Tyche for our internal capital model.
* Improve the quality of MI and manage competing MI / data requests.
* Deliver specific tasks and projects in a dedicated, and accurate manner, providing insights, impacts and recommendations.
* Lead with the development of the modelling systems and support the Head of Model Delivery to deliver modelling benefits for Reserving and Capital Modelling.
* Develop reports using visualisation tools such as Tableau.
* Provide analytical support and insight to inform decisions and strategy, with a responsibility for ensuring robustness of output.
* Identify opportunities for improvements to allow tasks to be performed. Challenge current processes with suggestions as to how these can be refined.
* Suggest recommendations to improve DLG’s Reserving and Capital Modelling capability.
* Monitor the effectiveness of models on an ongoing basis to ensure they are fit for purpose and suggest areas of development.
* Have a knowledge of reserving and capital modelling processes; develop your business, market knowledge and awareness of relevant industry issues which impact your area & incorporate in the work that you do.
* Ensure adoption of best practice regarding data procurement, version control, governance and maintenance.
What we're looking for:
* Relevant work experience within an analytical role.
* Strong experience in general insurance and actuarial modelling, with a working knowledge of actuarial practices.
* Experience with data quality principles.
* Experience using analytical tools and techniques in a work environment.
* Working knowledge and experience in the use of SAS, R or Python (coding and writing data manipulation) are required and knowledge of SQL would be advantageous.
* Experience of visualisation tools such as Tableau.
* Process orchestration, workflow and ETL tools.
* Passionate about modelling development, Data science, machine learning techniques.
What we’ll give you:
We wouldn’t be where we are today without our people and the wide variety of perspectives and life experiences they bring. That’s why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Core benefits include:
* 9% employer contributed pension.
* 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover.
* Up to 10% annual bonus.
* 25 days holiday (rising by 1 each year to 28) + bank holidays and option to buy or sell up to 5 days.
* Additional optional Health and Dental insurance.
* EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.
* Buy as you earn share scheme.
* Employee discounts and cashback.
* Plus many more.
Ways of working:
Our hybrid model offers a 'best of both worlds' approach. The perfect blend between connection and flexibility combining the best parts of home and office working. When you'll be in the office depends on your role and team, but most colleagues spend 2 days a week in the office. For more information about our flexible working approach click here.
Difference makes us who we are. We believe everyone should feel comfortable to bring their whole selves to work – that’s why we champion diverse voices, build workplaces that work for people, and invest in the things that matter. From senior leadership to inclusivity networks, adaptive working to inclusion training, we’ve made it our mission to give you everything you need to be authentically you. Discover more at directlinegroupcareers.com
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