Actuarial Assistant

Who are we?

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organisation where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognised. Want to be part of the team building the finest property, casualty and specialty lines insurance company in the world?

Learn more about our unique culture and history.

Job Opportunity:

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for a graduate to join our European Actuarial Reporting team with exposure to all areas of General Insurance actuarial work.

The Actuarial Reporting team provides actuarial services to Berkshire Hathaway International Insurance Limited (BHIIL) and Berkshire Hathaway European Insurance DAC (BHEI) –representing Berkshire Hathaway’s European insurance operations. It is a small and highly efficient team with opportunities to access a wide range of business functions and business lines.

The Actuarial Assistant will report into the Chief Actuary of BHIIL based in the London office, providing significant exposure to Executive Management.

We are looking for an individual who has both an ability to excel and an excellence of character. Our culture is innovative and fast paced and this position will be the perfect fit for an individual who is intellectually curious, self-motivated and a collaborative team member. This position will be based in our London office. The tasks and responsibilities will grow in line with the maturity of the business and the candidate’s profile.

Duties & Responsibilities:

• Supporting and undertaking the production of financial and regulatory reports, covering both GAAP and Solvency II, and both reserves and capital
• Assisting in the production of and enhancement to management information
• Supporting reserving analyses into a wide range of business lines
• Assisting in the production of the Own Risk and Solvency Assessment, including sensitivity, stress and scenario testing
• Supporting the business planning process, including capital projections
• Working with Claims, Underwriting and Pricing teams to enhance Actuarial Reporting output
• Developing and maintaining data quality and documentation across actuarial work
• Continually improving the efficiency, accuracy and transparency of existing processes
• Research and implementation of new techniques

Qualifications, Skills and Experience:

• Aspiration to become a qualified actuary
• A degree in a technical/mathematical subject with a minimum grade (predicted or achieved) of 2:1
• At least an A in Maths A-level
• Ability to learn new technical skills, including desire to learn coding
• Solid oral and written communication skills in English
• Exceptional organisational skills and attention to detail
• Strong interpersonal skills and the ability to work in a team environment as well as independently
• Strong desire to learn from and share knowledge with teammates

BHSI Offers:

• A competitive package and exciting growth opportunities for career-oriented teammates
• Full study support for progression through the Institute and Faculty of Actuaries actuarial exams
• A dynamic, action oriented, and thoughtful environment centred on always doing the right thing for our customers, teammates and our other stakeholders
• A purposely non-bureaucratic organisation that embraces simplicity over complexity and emphasises individual excellence in a team framework

To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to hr.europe@bhspecialty.com

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team Member may perform other related duties as negotiated to meet the ongoing needs of the organization