Description We are looking for a resourceful and proactive trainee Actuary to join MO\'s Insurance Risk team at an exciting time in the development of MO\'s insurance arrangements. This role reports to the Actuarial Lead, working alongside the Insurance Risk Analyst and our actuarial Consultant. The trainee Actuary will become one of MO\'s in-house actuarial experts, carrying out all actuarial tasks in support of MO\'s insurance risk model: Pricing in support of our relationship with our insurance partner Reserving in support of our MO Reinsurance Limited Providing the insurance components as inputs to MO Group\'s economic capital model Make-model pricing for input of insurance costs into MO\'s lease prices Working with our broker on the analysis behind our reinsurance programmes The trainee Actuary will support actuarial colleagues and consultants, carrying out analysis in-house wherever possible, and coordinating development of the actuarial approach applied. The role holder will also interact extensively with the third parties who support MO\'s insurance risk model, including our insurance partner, our reinsurance broker, our appointed peer review partner, auditors, and the MORL managers. Upon completion of the probation period and satisfactory progress in the role, MO will support the successful applicant with their actuarial studies, offering study days and payment of relevant fees as the trainee Actuary works through IFOA exams. This opportunity comes at an exciting time for the successful applicant as MO is building our relationship with our new insurance partner, DLG. We are working with new MI tools, applying new actuarial techniques, and developing our understanding of our changing operational environment and risk profile. As insurance expertise within MO grows, there will be numerous new opportunities for the Insurance Risk team to demonstrate expertise and help shape MO\'s future development of our insurance offering. Qualifications This is an opportunity for someone pursuing the career path of an Actuary to make a mark in a small risk & actuarial team which manages a large and unique motor book. We are looking for someone who can: Demonstrate strong organisation skills: Self-starter, able to prioritise and manage workload Disciplined, structured approach & methodology Enjoys solving problems and delivering smart solutions Work collaboratively or independently to achieve objectives Communicate well in a variety of environments: Good written, oral, presentation and interpersonal skills Presents information in a confident manner Enjoys communicating with people at all levels, both to technical and non-technical audiences Minimum criteria: A relevant numerical degree and some progress to date in the IFOA actuarial study path. Candidates with pricing or reserving experience, and/or motor insurance experience, strongly preferred. Excellent PC skills including advanced Excel, and experience working with large data sets is also a strong benefit. Benefits Motability Operations is a unique organisation, virtually one of a kind. We combine a strong sense of purpose with a real commercial edge to ensure we provide the best possible worry-free mobility solutions to over 700,000 customers and their families across the UK. Customers exchange their higher rate mobility allowance to lease a range of affordable vehicles (cars, wheelchair accessible vehicles, scooters, and powered wheelchairs) with insurance, maintenance, and breakdown assistance included. We are the largest car fleet operator in the UK (purchasing around 10% of all the new cars sold in the UK) and work with a network of around 5,000 car dealers and all the major manufacturers. 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. They represent ambition, and we look for our people to live and breathe them every day: We find solutions We drive change We care We operate hybrid working across the organisation where we split our time between working on-site at our offices, and at home, remotely within the UK. We believe hybrid working achieves a good work/life balance for our colleagues, allowing us to connect with each other, collaborate on important work, and perform together to deliver for our customers. It allows us to have the flexibility to work remotely up to 2-days per week whilst also using the great office spaces we have available. As a Motability Operations team member, the benefits you can expect are: Competitive reward package including an annual discretionary bonus 15% non-contributory pension (9% non-contributory pension during probation period) 28 days annual leave with option to purchase and sell days Free fresh fruit and snacks in the office 1 day for volunteering Funded Private Medical Insurance cover Electric/Hybrid Car Salary Sacrifice Scheme and Cycle to Work Scheme Life assurance at 4 times your basic salary to give you peace of mind that your loved ones will receive some financial help Funded health screening for over 50s Voluntary benefits: charitable giving, critical illness insurance, dental insurance, health and cancer screenings for you and your partner, discounted gym memberships and season ticket loans Employee Discount Scheme with an app to save on the go Free access to healthcare apps such as Peppy, Unmind, Aviva Digital GP and volunteering app on Hand for all employees Generous family leave policies At Motability Operations, we believe in building a diverse workforce, where our people are empowered to attend work as their true selves, and we encourage people from all backgrounds to apply. We want to sustain a culture that nurtures, where employees are free to flourish and where they\'re rewarded equally, regardless of race, nationality or ethnic origin, sexual orientation, age, disability, or gender. We pride ourselves on being an inclusive employer and as such, all our offices provide first-rate disability access. With our hybrid working environment, we do our best to accommodate part-time and flexible working requests where possible, building on our culture of trust, empowerment, and flexibility. #J-18808-Ljbffr Salary: GBP 20000 - 30000 per year