Business area Insurance Consulting

Location London

Job ID 329238

Location - London with hybrid working available

At LCP we love what we do, and it shows. We help our clients make good decisions based on insightful analysis, industry expertise, and game-changing technology. Working across a wide range of sectors, including pensions and benefits, investments, insurance, energy, health, sports, and data analytics, we help our clients navigate complexity in order to take the action that matters.

LCP InsurSight is trusted to assess over £200bn of non-life insurance business. We are expanding our team to serve a growing client base and to deliver on an exciting product roadmap. As an Actuarial analyst in our Insurance Analytics team, you'll sit at the intersection of actuarial practice, product design, and software development. In this role, your primary focus will be on driving forward our flagship SaaS platform, LCP InsurSight. You'll use your general insurance knowledge to:

• Test and design new features from proof of concept to implementation in the platform
• Provide high-quality support to our clients through our support channels
• Collaborate with developers and data scientists to ensure the product is fit for purpose for an actuarial audience
• Join conversations with clients to shape what we build next

This is a unique opportunity for a student actuary to apply their actuarial training in a hands-on software product role, build new skills in technology and agile delivery, and see your work impact hundreds of billions of pounds of insurance business. Strong communication skills and the ability to take ownership of your own workstream are must-have skills for this role, as is recent work experience in a reserving team, as you will be working directly with a diverse range of individuals across and outside the business. We are looking forward for detail-oriented individuals with drive and ambition, who want to use their actuarial knowledge to directly shape the future of a market-leading product.

Our team currently consists of:

• 5 C# developers (including one lead developer)
• 3 Python developers
• 1 Actuarial data scientist
• 2 Front end developers
• 1 DevOps and site reliability engineer
• 3 QA engineers
• 1 Delivery manager
• 1 Product manager

What will you be doing?

Support the actuarial testing, review and sign-off of new features and enhancements. In particular:

• Using your actuarial knowledge to design real-world user workflows and working with the QA engineers and wider IC team to carry out the testing
• Help develop test frameworks and reusable actuarial test cases to help us deliver new features more efficiently, specifically using AI to increase the speed and accuracy of testing
• Support customers via our support channels, investigating actuarial queries and helping resolve issues with InsurSight
• Collaborate with QA engineers to help them develop their actuarial understanding and carry out tests effectively
• Log and communicate issues clearly to developers via Azure DevOps Boards. Apply actuarial judgement to help assess the severity and priority of bugs
• Participate in feature design discussions with clients, product managers, and developers
• Act as the "voice of the actuary" within delivery teams
• Collaborate with actuaries in the wider insurance consulting team to support consulting and transformation projects using InsurSight

What skills, qualities and experience are we looking for?

• At least 2 years' experience in actuarial work in non-life insurance
• Good progress with the IFOA exams
• Strong understanding of general insurance reserving concepts and processes
• Analytical, curious and detail-oriented mindset
• Interest in learning about software development and testing
• Ability to translate actuarial concepts into practical feedback for actuarial and non-actuarial audiences alike
• Demonstrable experience of working with various team types, with experience of working with software developers and agile processes a benefit
• Proactive with colleagues and clients, driving work forward and contributing new ideas
• Interest in technology and innovation in insurance

What We Offer

• A rare opportunity to apply actuarial knowledge in a fast-growing analytics product setting
• A varied role spanning product design, actuarial testing, customer support and interaction with users
• Opportunity to broaden your skillset beyond that of a traditional actuary through close collaboration with developers, data scientists, and product leaders, particularly in the emerging field of AI
• Excellent support for actuarial study and professional development

Potential career pathways

• Product management / leadership - Gain direct experience shaping features, prioritising work effectively, working with clients, and collaborating with developers. Ideal preparation for moving into product ownership or product management roles longer term.
• Actuarial testing & product support - Build hands-on experience in actuarial testing and customer support while applying actuarial skills, giving you a clear route into specialist actuarial or product roles in SaaS and analytics.

What's in it for you?

Take a look at our Glassdoor and Career stories pages to see why our people love being here! As well as joining a certified B-Corp, multi-award winning, fun, collaborative, people first organisation where your personal and professional skills will be developed to make you the best you can be, we offer an attractive benefits package designed to promote your overall wellbeing so that you are able to perform to your full potential both in and out of work. Currently our core benefits package includes:

For you:

• Hybrid working (see top of the advert for details)
• Professional study support (where applicable)
• Access to our internal Wellbeing, LGBTQ+, Multicultural and Women's networks

For your family:

• Life assurance
• Income protection
• Enhanced maternity/paternity/adoption and shared parental leave

For your health:

• 26 days annual leave (pro-rata for part-time working) plus bank holidays (most of which can be taken flexibly!) with options to buy & sell holiday
• Private medical insurance
• Discounted gym memberships, critical illness and dental insurance through our flexible benefits
• Eye care vouchers
• Cycle to work scheme
• Digital GP services

For your wealth:

• Competitive pension scheme
• Discretionary bonus scheme
• High street discounts
• Season ticket loans

For others:

• Volunteering opportunities

For the environment:

• Electric vehicle salary sacrifice scheme (qualifying period applies)

And much more!

We continuously strive to build an inclusive workplace where all forms of diversity are valued, including age, background, disability, gender, gender identity, gender expression, race, religion or sexual orientation.

LCP is committed to making our opportunities accessible to all and would welcome you getting in touch to let us know if an adjustment can be made to help with your application. This may be extra time for assessments, pre-interview site visits, interview structure or questions, or asking us about building accessibility. Whatever it may be, please get in touch via our dedicated email address - [email protected] to discuss how we can support you with your application.

Recruitment agencies

LCP operates a Preferred Supplier List (PSL) for recruitment agencies which is reviewed annually. We do not accept unsolicited CVs from agencies who are not part of our current PSL. LCP only pay agency fees where we have a signed agreement in place, and the agency has been instructed by a member of our recruitment team to supply CVs via the Applicant Tracking System (ATS) for a legitimate, open vacancy. If this process is not adhered to, LCP reserve the right to contact these candidates directly and have discussions with them without paying any agency fees. We do not pay agency fees when speculative and unsolicited CVs are submitted to any employee or Partner at LCP.