Placement Student - Actuarial

2 days left

Recruiter
Location
London (Greater)
Salary
Competitive
Posted
11 Nov 2016
Closes
09 Dec 2016
Job Type
Internships
Sector
Insurance
Start Date
July

Company Information

Argo Group is a leading global underwriter of speciality insurance and reinsurance products. The group is headquartered in Bermuda, and employs over 1,300 people throughout ten countries worldwide. Argo has a presence in the United States, Singapore, London, Brazil and Europe.

The placement year opportunities are in the London office, which operates through Syndicate 1200 at Lloyd’s of London. The Syndicate writes a wide range of insurance classes within Property, Liability, Marine & Energy and Specialty divisions. Syndicate 1200 represents about a third of Argo Group and is managed by Argo Managing Agency Limited.

Throughout the year you will gain experience in the Lloyd’s insurance market and have opportunities to work on projects that have an impact on the business. Your training will be provided on the job. The position will commence on 29th June 2017 and will finish on 27th July 2018. Argo has a history of favouring returning Placement Students in selection for our Graduate programme.

We currently have opportunities for a one year placement within the Actuarial Team.

Main Purpose of Role

This role will require the successful candidate to work closely with Argo’s Pricing, Risk Management, Reserving and Capital Modelling actuaries. Day to day tasks may include:

  • Collaborating with underwriters/actuaries to develop pricing models;
  • Supporting the monthly reserving process;
  • Manipulating and enhancing reporting documents; and
  • Collating information for use in meetings and presentations

Reporting Relationships

Successful candidates will work with one or more of the corresponding managers of Argo’s Pricing, Risk Management, Reserving and Capital Modelling Teams.

Key Accountabilities

Pricing:

  • To work as part of the Actuarial Team, supporting the underwriting teams and developing pricing models within the various divisions (Property, Liability, Marine & Energy and Specialty)
  • Prepare monthly Performance Management Data Returns for Lloyd’s of London.
  • Ad hoc tasks as required

Reserving:

  • Aid with the monthly reserving process data preparation
  • Help in the preparation of quarterly reserving report packs
  • Help with the analysis of claims development
  • Ad hoc tasks as required

Capital / Risk:

  • Help in the preparation of the “Own Risk Self Assessment Report” (“ORSA”) on a quarterly basis
  • Help with various other reports – Validation, Actuarial Function throughout the year
  • Analyse and report on risks to which the Syndicate is exposed.  
  • Ad hoc tasks as required

Role Requirements

Skills/Competencies

  • Fluent verbal and written English
  • Highly developed communication skills and ability to work as part of a team
  • Highly developed numerical and analytical skills
  • Excellent organisational skills and the ability to prioritise

Qualifications

  • A strong quantitative background in mathematics or natural sciences
  • A level Mathematics essential – A/A* grade preferred (in addition to a minimum 360 UCAS points)
  • On track for a minimum 2:1 in a numerically/analytically focused degree. Preferred degree disciplines include: Mathematics, Statistics, Computer Science, Physics, Engineering, Economics, or any combination of the above
  • Advanced IT and programming skills (particularly Excel and R)

 

 

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