Actuary

Location:
London
Department:
Asset Risk
About The Role
The Actuary works in Motability Operations’ insurance team, carrying out actuarial activities in support of MO Group’s insurance model. Supporting our Senior Actuary, the role holder will aid in the completion of reporting, pricing, reserving, and ad hoc projects for the Insurance team through researching data sources and gathering data; verifying data integrity; updating actuarial models; and preparing actuarial and ad hoc reports.

The Role
  • Reserving (quarterly):
    • Preparation and reconciliation of data
    • Support the calculation of claims movements and latest projections of ultimate settlements, using appropriate actuarial techniques and loss development factors
    • Maintain documentation of process and controls, and draft the summary presentation and paper
  • Pricing (half-yearly):
    • Support the production of a proposed premium for the next period for each head of damage
    • Produce draft summary presentation and paper
  • Full ownership for a suite of key reports, providing management information for the rest of the team and MO senior management
  • Support the on-going development and automation of key outputs
  • In addition to Excel and Access, data manipulation using software including SAS and reserving tools
About You

You will have gained the following experience/skills:

  • Part-qualified Actuary
  • Excellent PC skills and Advanced MS Excel skills
  • Good experience working with very large data sets

Desirable

  • Fully-qualified Actuary
  • Experience in motor insurance
  • Experience in pricing or reserving
  • Experience developing MI
  • Experience using SAS software
About The Company
At Motability Operations Ltd we provide a unique mobility proposition for the specific needs of people with disabilities by leasing cars, scooters and powered wheelchairs to those in receipt of Disability Living Allowance and Personal Independence Payment. We are the largest car fleet operator in the UK (purchasing around 10% of all the new cars sold in the UK) and have over 600,000 customers. We pride ourselves on delivering outstanding customer service, achieving an independently verified customer satisfaction rating of 9.8 out of 10.

Our values are at the heart of everything we do and our people demonstrate these values:
  • Empowerment
  • Empathy
  • Inclusion
  • Forward thinking
  • Excellence

What’s on offer
As a Motability Operations Ltd team member you can expect:

  • Competitive salary
  • 28 days holiday in addition to bank holidays
  • 15% non-contributory pension
  • Private healthcare
  • Life assurance
  • Voluntary benefits such as discounted car hire, roadside recovery membership, travel insurance and gym membership

Unfortunately Motability Operations Ltd is unable to provide visa sponsorship; therefore applicants applying to work with Motability Operations Ltd must be eligible to work in the UK.