Actuarial Analyst

We’re a digital insurance provider with ambitious plans to become the best and biggest in the UK market. We’ve made huge investments in our data and tech capabilities over the past few years, along with nurturing our 4Cs culture. We’re proud of the journey we’re on as a company and know that our continued success will rely on the contribution of our talented colleagues.

We’re looking for an Actuarial Analyst to assist in the identification and creation of cutting-edge data assets and predictive models that feed into Hastings’ market-leading pricing activities.

Our Actuarial Analysts apply innovative predictive modelling techniques to solve real-world business challenges, working closely with and learning from recognised experts in designing and implementing market leading insurance solutions across multiple product lines.

We're passionate about data, modelling and innovation and this role will give you the opportunity to work alongside talented analytical experts and senior leaders. They will support, guide, and push you beyond your comfort zone to help forge your career in this highly competitive skill set and industry.

This role is within a combined team of Actuaries and Data Scientists championing the adoption of the latest machine learning (ML) techniques to leverage powerful insights from vast amounts of customer information.

What you will do;

Create and maintain analytical tools to support in the management of our risk portfolio.

Develop best in-class models to predict claims outcomes, fraud and other risk KPIs.

Engineer powerful new rating factors to be deployed into our rating algorithms.

Identify, analyse and monetise new data sources.

What we’re looking for;

Undergraduate degree in mathematics/statistics or a similarly numerical subject

Undertaking actuarial exams, with the ambition to qualify as a Fellow of the Institute and Faculty of Actuaries (IFoA) or equivalent professional body recognised by the IFoA’s mutual recognition agreement

1-3 years experience building predictive models in an insurance environment

Keen interest in emerging ML techniques and their commercial value.

Proficiency in SQL and experience using Python or R

Reward

Salary– Attractive salary based on experience (pay reviews also completed each year)Flexible Working– We champion a flexible and hybrid working approach so please speak to your recruiter to discuss in more detail, including days in the office and at home.Competitive Bonus Scheme - All colleagues are eligible for our annual 4Cs performance bonus, which is usually paid in March. The scheme is based on Hastings’ performance against our business goals and your own personal performance.Physical Wellbeing– We like to help our colleagues take a proactive approach in keeping themselves well, that’s why we fund our colleagues to be able to claim against everyday health care through our healthcare cash plan.Financial Wellbeing– As well as providing you with 4x your salary with our life assurance cover and income protection at no extra cost you, pension contribution match up to 10%, we are proud to provide you with an AWARD WINNING package which includes – discounts and cashback at everyday retailers and on our own products, fee free independent mortgage advice, and free access to financial wellbeing support.Mental Wellbeing Programme- At Hastings Direct we understand that mental health cannot not be scheduled, that’s why we have a range of support to help you keep yourself well. We have the thrive mental health app, our colleague assistance programme available 24/7, our own in-house mental health first aiders, support groups and a dedicated team to make sure we are covering your needsThere's more!– 25 days annual leave +bank holidays, with the option to buy or sell one of your contracted weeks, access to private healthcare, dental plans, discounted health assessments, cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year and much more. Most of our benefits and wellbeing resources are available to colleagues from their first day whilst some optional benefits, which involve committing to a 12-month payment schedule, are available as soon as you have completed your probationary period.

Our 4Cs principles are simple: we believe by creating the right culture for our colleagues and giving them the right tools to do their job, we’ll deliver good outcomes for every customer, helping us to grow the company profitably and sustainably and allowing us to invest in the communities we serve.

We deliver good outcomes for our customers every time by providing great products at the right price with our simple and straightforward service. We treat customers like we want to be treated - fairly, respectfully and with their best interests at heart.

Hastings Group is an equal opportunities employer which means we treat people fairly. We welcome applications from all suitably skilled persons regardless of their gender, age, race, disability, ethnic background, religion/belief, sexual orientation, gender reassignment or marital/family status.Please also note that we have a thorough referencing process, which includes credit and criminal record checks.

Job posting end date:

03/07/2024