• Overview
• Types of roles
• Requirements
• What you'll be doing
• Day in the life
• Testimonial
• Ready to apply

Experience the excitement of a driven & strategic team.

Are you a driven and analytical individual seeking a challenging career as an Actuary? Our Actuarial department is a dynamic and fast-paced team that operates at the forefront of the insurance industry.
Our team thrives on solving complex problems, delivering innovative business solutions and identifying new opportunities to help our clients manage risk.

We offer exciting and challenging opportunities for career growth in a supportive and inclusive environment. Join our team today and discover why our Actuarial team is one of the best in the business.

Types of Actuarial roles available?

Our Actuarial department has a variety of teams, each with its own focus. All our roles allow you to combine technical knowledge, professional expert judgement and a commercial mindset to support Brit in creating value for customers and shareholders.

Here are some examples of the different types of actuarial roles we have available and their responsibilities:

Actuarial Analytics Team Responsibilities:

• Overseeing the delivery of new pricing models
• Updating existing pricing models
• Developing our organisation's approach & capabilities for portfolio management

Actuarial Function Team Responsibilities:

• Overseeing & co-ordinating the group’s reserving process
• Overseeing calculations of technical provisions on a Solvency II basis
• Regulatory reporting such as the Statement of Actuarial Opinion and the Actuarial Function Report
• Work alongside the Finance Department on the production and validation of financial results, including IFRS 17

Actuarial Subject Matter Expert (SME) Team Responsibilities:

• Partner with the relevant Underwriters, Claims teams and other business areas with the aim of providing technical quantitative insights to support the ongoing development of the UW portfolios which is done by;

o Developing pricing models
o Performing large risk reviews
o Carrying out Bi-annual reserving exercise
o Analysing segmental performance to propose optimisations to portfolios.

There are also actuarial opportunities across the Risk Team (Capital Modelling, Enterprise Risk Management and Risk Aggregation teams) and within Ki.  View our open positions on our career's portal.

Educational and experience requirements for a junior Actuary Role

If you are interested in a junior actuary role, there are some educational and experience requirements that you should know about.

• To have commenced the actuarial professional qualification exams and have a willingness to complete the full qualification. (If applying for a graduate position you do not need to have started the actuarial exams.)
• Obtained a relevant, numerate degree with a good overall grade and good overall educational passes at GCSE and A-Level (or equivalent).
• Excellent IT skills, in particular an advanced level of MS Excel and VBA.

Essential Skills for an Actuary at Brit

Our Actuarial department encourages applicants from various backgrounds, including recent graduates and experienced professionals. We pride ourselves in providing great development opportunities that support your career progression in Actuarial and insurance. Although the experience and educational requirements for our various roles may differ, we are looking for candidates who possess the following essential skills;

• Strong technical aptitude, including numeracy and problem solving.
• Exceptional communication skills, both verbally and in writing
• Teamwork
• Pro-activity
• Integrity
• Commitment

Job descriptions for junior and qualified Actuary roles

Find out the key responsibilities and requirements for our junior and qualified actuary roles.  Whether you're a recent graduate or an experienced professional, these descriptions will provide a clear understanding of what it takes to succeed as an actuary at Brit.

Junior Level:

• To build effective working relationships within the team and initiate relationships with key contacts within Claims and Brit Global Specialty as required.
• To ensure clear and structured verbal and written communication.
• To identify efficiencies and process improvements within tasks assigned.
• To demonstrate a clear understanding of the Actuarial department and the contribution of the Actuarial Analyst role within it.
• To provide progress updates to management as required, engaging with management to agree priorities, scope and timescales of tasks.
• To identify any obstacles to the delivery of tasks, problem solving using existing solutions and escalating any issues to management as required.
• To work with moderate guidance and direction, ensuring delivery of own work to meet deadlines.

Qualified Level:

• To line manage recently qualified actuaries and actuarial students.
• To support and develop the skills and capabilities of direct reports and other recently qualified Actuaries and Actuarial students.
• To aid in the management of team resources to meet agreed deadlines; supervising delivery of tasks and ensuring appropriate upwards management, including identifying any resource issues as appropriate.
• To establish and maintain effective working relationships across the Risk & Actuarial department and across other internal departments, with the ability to challenge and influence as required.
• To serve as a resource for best practice, respected for technical knowledge and identifying opportunities for improvement within the Actuarial department and contributing towards changes where required.
• To apply expert knowledge to deliver creative and pragmatic solutions to complex problems within the Actuarial department.
• To ensure effective and professional written and verbal communication across all areas of work, encouraging open discussion and contribution from others.
• To effectively manage own time (and that of any direct reports) to deliver individual and group wide objectives.

A day in the life of an Actuarial team member

At Brit, the work of an actuary is diverse and challenging, with opportunities to use both technical and communication skills to impact all parts of the business. As a part of the Actuarial team here are some activities you can expect as part of your day-to-day at brit insurance.

As a junior actuary you will;

• Organise, cleanse and statistically analyse data to find trends and patterns.
• Develop and test pricing models.
• Work closely with underwriters and claims to assess risk and quantify uncertainty.

As a qualified actuary you will;

• Support and develop skills of qualified actuaries and junior actuaries.
• Manage team resources to meet agreed deadlines.
• Apply expert knowledge to deliver creative and pragmatic solutions to complex problems.
• Ensure company has set up adequate reserves.
• Suggest appropriate premium rates to charge in line with market conditions.
• Spot trends and use data-driven approach to shape underwriting strategy.

Your contributions will be critical to the success of our team and our overall strategy. So, join us and make your mark on the future of our business.

What do our current Actuarial team think?

Discover what our employees have to say about working in our Actuary department:

Watch this video of a member of our Actuarial team talking about their role and what they love about working at Brit.

Why join Brit insurance?

We are dedicated to fostering a workplace environment that promotes inclusion and diversity. We believe that everyone should have the opportunity to thrive, and we are committed to creating an atmosphere that is welcoming, supportive, and full of possibilities.
Here are some of the benefits you can expect when working with us:

• Work with a team of experts who are passionate about what they do.
• Make a real impact on the success of our business.
• Gain experience across a range of finance disciplines
• Receive ongoing professional development and support.
• Work in a dynamic and fast-paced environment
• Be part of a company that values inclusivity and diversity.

Whether you are new to the field or an experienced finance professional, we offer a variety of opportunities for personal and professional growth. To learn more about why you should join our team, please visit our 'Why Brit?' page.

Ready to apply?

We value diversity and are open to applications from candidates with a wide range of backgrounds and experiences. If you are an actuary looking to progress in your career, we encourage you to explore our job openings or contact us to learn more about the opportunities we offer. We look forward to hearing from you soon.