Research Actuary

The Role:

At HRUK, we believe superior intelligence supports better decisions by using data insights and the latest research in health and medicine to price and manage our risks.

Our Biometric Research Team vision is focused on:

Robust Central Bases

Our central bases assumptions are core to the business. They guide us in understanding, pricing, and managing biometric and behavioural risks with precision and confidence.

We're always working to improve our tools and techniques, ensuring they are market leading and fit for the future.

Best in class research

We conduct forward-looking research to monitor how medical advances in diagnosis and treatment will affect the mortality and morbidity risks our clients face.

Our comprehensive and systematic research leverages medical expertise, actuarial techniques, and data analytics to bring new insights, drive innovation, and support the development and pricing of new protection benefits and reinsurance solutions.

Exceptional Data Insights

We develop and embed data science tools and techniques to create data insights that will generate opportunities, drive value, make decisions, manage risk, and support innovation.

We keep abreast of the latest innovations in data, evaluating and proposing the adoption of new technologies, tools, and methodologies.

Duties & Responsibilities:

• Lead projects to develop and maintain central bases and assumptions. Communicate and engage with key stakeholders to ensure buy-in of the proposals.
• Identify and analyse relevant data, including ‘non-traditional’ data attributes as well as experience analyses of the in-force portfolio.
• Conduct and critically assess research into factors affecting biometric and behavioural risks undertaken by HRUK.
• Quantify the impact of emerging risks in relation to central bases and develop and implement solutions to mitigate these emerging risks.
• Maintain an understanding of the treaty pricing and valuation processes to ensure that the central bases are applied correctly and consistently.
• Support the implementation of our Branch Data Strategy, improving access to and use of data, efficient data management, and developing data analytics techniques.
• Participate in shaping the team's strategic direction, creating and implementing solutions aimed at realizing our vision.
• Be a change driver by identifying how new methodologies, processes, and tools can be incorporated into Branch processes and influence others to adopt your proposals.
• Support junior members of the team to enable them to excel through formal and informal training.
• Collaborate with and support Business Development by assessing and evaluating the impact of risk definitions and coverage and making recommendations for action.
• Continuously refine risk models to incorporate new rating factors and data.
• Develop and present market and client presentations on research topics.
• Develop and maintain the core CI pricing sheets ensuring trends and issues are identified, and recommendations are made.
• Maintain a high level of knowledge of the industry with a focus on how these impact HRUK and its clients.
• Design, implement, and maintain process controls to ensure the quality of the output of the department.
• Support all other department activities, including peer review of work produced by other department members as required.

About You:

Qualifications Required:

• Qualified Actuary with at least 5 years PQE or experience in a similar role.

Experience:

• Life & Health (Re) Insurance industry experience.
• Experience of actuarial and data analysis techniques to analyse biometric data.
• Experience in setting demographic assumptions.

Skills:

• Strong working knowledge of actuarial, data, and medical research and developments.
• A good understanding of statistical and data science techniques, especially relating to interpretation of biometric insurance risks.
• Knowledge of R or other statistical analysis and data visualisation languages/packages.
• Ability to communicate complex ideas and messages to a wide range of audiences.
• Stakeholder management skills to identify and influence key stakeholders and drive projects to a conclusion.
• Strong understanding of UK long-term protection insurance products and markets.

Person Specification:

• Communicating and Influencing: Excellent communication and presentation skills with the ability to convey complex ideas and messages to a wide range of audiences.
• Problem solving: Solution focused with excellent analytical skills. Ability to break down complex issues and proactively identify and implement solutions.
• Delivery and Accountability: Accountable for individual and team deliveries to support the overall Branch objectives.
• Innovation and Continuous Improvement: Creates and tests out new ideas and improvements that have a significant impact on the business operations.
• Developing Capability and Knowledge Sharing: Willingness to share knowledge and to learn from peers.
• Team Player: Strong team player with a focus on building a positive team culture based on trust and collaboration.

What We Offer:

Atmosphere: You will find an international working environment with short decision channels and an open feedback culture.

Benefits: Structured onboarding, benefits superior to those of the collective agreement, and modern offers for personal development and work-life balance.

Prospects: You contribute your specialist and methodological expertise, and we offer you fresh input and the opportunity to further develop your potential.