Miller Insurance is looking for someone to use a wide variety of actuarial and analytical techniques to deliver high-quality numerical insight and advice to Miller’s (re)insurance brokers and clients in conjunction with the Actuarial Analytics Lead.

The role

  • Build and maintain bespoke actuarial pricing models and other analytical frameworks (often with limited data) to enhance stakeholder understanding of the underlying risk profiles, to structure and price optimal risk transfer solutions and to support brokers in negotiating competitive terms from the market
  • Identify opportunities to design and sell innovative products, alternative marketing approaches or new services to clients to enhance Miller’s value proposition . 
  • Process, analyse and interpret data from various sources (internal and external) to present analyses and reports to a wide range of stakeholders
  • Refine existing pricing models and data analysis through the use of software and coding to promote efficiency and drive automation of recurring business as usual practices within the team
  • Establish trusting relationships with internal and external stakeholders, and communicate the modelling process, results and their significance with them to a high standard, both verbally and through formal reports/presentations
  • Carry out investigations of the appropriateness and sensitivity of actuarial assumptions, maintaining Miller’s commercial position while upholding high professional standards
  • Maintain robust documentation of data cleansing, data manipulation, coding and peer review practices to ensure accuracy and relevance of analytical outputs and assumptions, clearly explaining any limitations of an analysis
  • Adhere to and meet fully the expectations of Miller, as set out in its policies and procedures, training material, and embedded in its systems and controls. Our policies and procedures are written to encapsulate the compliance, legal and financial crime related legislation and regulations which apply to Miller.
  • Comply with any external rules and requirements imposed on individuals performing their role at Miller, such as FCA rules.  
  • Promote Miller brand and values to enhance Miller’s reputation in the market

The candidate

  • Quality and continuous improvement and can deliver high quality work autonomously, including some more complex work. 
  • Maintains standards even when under pressure and requirements change.
  • Provides accurate information for stakeholders, showing an advanced understanding of relevant systems and processes.
  • Anticipates changing system and process needs for own team.
  • Actively seeks and gives feedback to improve own and others’ work.
  • Seeks to learn from mistakes to keep improving own and the team’s work.
  • Identifies ways to innovate and improve efficiency within own team, contributing ideas and supporting their implementation.
  • Planning and organising    Plans and prioritises own work, managing unexpected events and interruptions to deliver to agreed deadlines.
  • Communicates plans to others and agrees adaptations where needed.
  • Monitors progress against plans and adapts to changing priorities.
  • Suggests and delivers process improvements for the team or own area of responsibility.
  • Problem solving and decision making     Anticipates common and less common problems impacting the team and applies measures to resolve / prevent.
  • Resolves some complex problems within the team / area of responsibility. 
  • Analyses information and the analysis of others, identifying key issues and seeking additional information to inform decisions.
  • Reviews existing options, identifies alternatives and makes recommendations.
  • Considers impact of decisions for the team and function / division.
  • Acts as a resource for problem solving for the team.
  • Influencing, persuading and communicating with others     Identifies key messages, sometimes from more complex information.
  • Considers needs and preferences of audiences, adapting communication content, tone and channel accordingly.
  • Writes persuasively to engage and gain buy-in of audience.
  • Identifies key influencers internally, building strong relationships for the benefit of the team.
  • Anticipates stakeholders’ challenges and proactively addresses concerns.
  • Handles difficult questions and challenging conversations related to own work.

Qualifications and experience

  • Part qualified with IFoA (or equivalent). 2-4 exams remaining.
  • Knowledge    Significant knowledge of general insurance (London market experience preferred)
  • Significant knowledge of actuarial pricing techniques
  • Knowledge of the role of a broker.
  • Experience of actuarial pricing within general insurance is essential
  • Experience in a stakeholder-facing environment, or desire to enhance this area
  • Proficiency in Microsoft Excel and Microsoft Access
  • Experience in using R and @Risk highly desirable, but not essential

Miller is committed to providing equal opportunities to all applicants and to creating an inclusive working environment for all.

For further information on our initiatives in this area please click here.

We recognise that many individuals are balancing careers with commitments outside of work and we are open to discussing flexible working situations. We also recognise that there may be adjustments we can make to support your application. Please feel free to discuss your requirements with your recruiter or our HR team.