Actuarial Analyst

Convex Group; City of London; On-site; GBP 35,000; Full time

Job summary

A leading insurance company in London is seeking an Actuarial Analyst to support risk-based decision making in underwriting. The role involves performing reserving studies, compliance with regulations, and collaborating with various teams. Ideal candidates will have a degree in a statistical or numerical field and a keen interest in data and technology. The position offers a competitive salary and comprehensive benefits, including professional qualification support.

Benefits

Annual Performance Bonus

30 days Annual Leave

3 days of Volunteer Leave

Birthday Leave

£1,300 for learning & wellbeing

10% Employer Pension Contribution

Private Health Insurance

Full Support for Professional Qualifications

Qualifications

• Desire to qualify as an Actuary with support from Convex.
• Interest in using data and technology for decision-making.
• Coding experience is a plus but not required.

Responsibilities

• Perform reserving activities for major events and US GAAP.
• Ensure compliance with Solvency II and Technical Provisions calculations.
• Partner with the business on strategic projects.
• Analyse external data.
• Develop reserving solutions using technology.

Skills

Statistical or numerical based subject knowledge

Effective communication skills

Team collaboration

Curiosity and interest in data

Education

Undergraduate or Masters degree in Actuarial, Economics, Physics

Job description

Actuarial Analyst

Application Deadline: 6 January 2026

Department: Graduate & School Leaver Programme

Employment Type: Permanent

Location: London, UK

Compensation: £35,000 / year

Description

Convex is looking to hire an inquisitive Actuarial graduate to support the team in achieving its purpose which is to help improve risk-based decision making of the Underwriting teams and thereby influence the successful delivery of the underwriting business plan.

We do this by performing Reserving studies and feeding insights from those studies into the business but also by shaping and influencing the day-to-day activities of Underwriters, Analytics, Claims, Pricing, Finance, Exposure Management & Stochastic Modelling.

Our Actuarial graduates have a top-tier aptitude for numbers, a desire to complete the actuarial exams (which we offer full support) and strong problem solving and critical thinking skills.

As you develop into the role, some of the key tasks may include…

• Reserving activities for major events and US GAAP


• Compliance with Solvency II including calculation of Technical Provisions and the Standard Formula, as well as the Actuarial Function Reports


• Partnering with the business on key strategic projects


• Analysing external data


• Developing solutions for reserving using technology


• Liaising with different functions including claims, finance, underwriting and analytics


• Understand, manipulate and analyse internal data

Skills Knowledge and Expertise

• Undergraduate or Masters degree in a statistical or numerical based subject (e.g. Actuarial, Economics, Physics, etc.)


• A desire to qualify as an Actuary at Convex (full support given)


• Ability to communicate effectively with a technical and non-technical audience, both verbally and in writing


• Enjoys working in a team on a variety of topics and projects


• Naturally curious with an interest in topics that directly impact Convex and the market we operate in.


• Genuine interest in using data and technology to improve processes and decision-making. Coding experience is a great addition but not required.

Benefits

When you join us, you're not just accepting a job—you're securing a future. We know that top talent demands more than a standard salary, which is why we've designed an exciting benefits package. Some of the favourites for previous graduates and school leavers include:

• Annual Performance Bonus


• 30 days Annual Leave


• 3 days of Volunteer Leave each year


• Birthday Leave


• £1,300 to spend on learning & wellbeing


• 10% Employer Pension Contribution


• Private Health Insurance Medical & Dental Cover


• Full Support for Professional Qualifications (IFoA, CII, CFA, etc.)