Graduate Actuarial Analyst 2024

Type: Graduate
Region: London

Join us at Gallagher Re, the trailblazers of the reinsurance world, where every day brings new opportunities to shape the future. We empower our clients with cutting-edge analytics and insights, providing them the confidence to make strategic decisions that transform industries. As a team member, you’ll be at the forefront of innovation, translating data into impactful solutions and taking the reins of your career like never before.

We believe that every candidate brings something special to the table, including you! So, even if you feel that you’re close but not an exact match, we encourage you to apply.

Overview

Sponsored by the Gallagher Re Executive team, our 18 month development programme – the REinsurance ACHievement Program (REACH) – will provide everything you need to know about the reinsurance industry and for career success. 

This programme is unique in the reinsurance industry and is set up to compete with the best training programs available across in financial services. REACH includes:

  • Both in-person and virtual learning modules led by expert facilitators and subject matter experts
  • A multitude of technical insurance and reinsurance models as well as a wider curriculum of professional, financial and client-facing skills training
  • Sponsorship by the Gallagher Re executive team, and support from a wide network of mentors and peer buddies to support your networking and career development
  • Opportunities to travel to meet and learn with your class group in major metro locations like our office in the City of London
  • Full sponsorship and support to achieve professional qualifications like the CII, Actuarial and CFA level 1

This foundational programme is part of Gallagher Re’s world class Learning Academy, which supports career development for all our colleagues, from graduates through to senior leaders.

How you’ll make an impact

As a Graduate Actuary you will be immersed in all aspects of front line actuarial work for our insurance clients from early in your career, including:

  • Analysis for client pitches and meetings and participation in client meetings
  • Assisting in building reinsurance pricing models and actuarial benchmarks
  • Data collection and manipulation in spreadsheets and other database applications
  • Developing expertise in using proprietary Financial Modelling and Reinsurance Optimisation software

You will also have the opportunity for:

  • Domestic or global travel, as required
  • Increasing opportunities for client interaction and responsibility as your experience and capabilities evolve
  • Participation in the REACH learning program & support for industry qualifications

About you

Requirements

  • Minimum 2:1 degree in Actuarial Science/ Mathematics/ Engineering/ Physics or any Maths focused subject and 128 UCAS points (2017 UK tariff) including A-Level Maths/- Economics grade A/B or equivalent qualification.
  • Enthusiasm and interest to learn about Insurance, Risk and Reinsurance
  • Good Microsoft Office skills (Excel, Word and PowerPoint)

Behaviours

  • Initiative and an eagerness to drive projects to a successful conclusion
  • Desire and drive to take on early responsibility
  • Willing and able to act as a team player
  • Ability to build strong internal and external relationships at all levels of the business

Compensation and benefits

On top of a competitive salary, great teams and exciting career opportunities, we also offer a wide range of benefits. Below are the minimum core benefits you’ll get, depending on your job level these benefits may improve:

  • Minimum of 25 days holiday, plus bank holidays, and the option to ‘buy’ 5 more days
  • Defined contribution pension scheme, which Gallagher will also contribute to
  • Life insurance, which will pay 4x your basic annual salary, which you can top-up to 10x
  • Income protection, we’ll cover up to 50% of your annual income, with options to top up
  • Health cash plan or Private medical insurance

Other benefits include

  • Three fully paid volunteering days per year
  • Employee Stock Purchase plan, offering company shares at a discount
  • Share incentive plan, HMRC approved, tax effective, stock purchase plan
  • Critical illness cover
  • Discounted gym membership, with over 3,000 gyms nationally
  • Season ticket loan
  • Access to a discounted voucher portal to save money on your weekly shop or next big purchase
  • Emergency back-up family care
  • And many more!

We value inclusion and diversity

Inclusion and diversity (I&D) is a core part of our business, and it’s embedded into the fabric of our organisation. For more than 95 years, Gallagher has led with a commitment to sustainability and to support the communities where we live and work.

Gallagher embraces our employees’ diverse identities, experiences and talents, allowing us to better serve our clients and communities. We see inclusion as a conscious commitment and diversity as a vital strength. By embracing diversity in all its forms, we live out The Gallagher Way to its fullest.

Gallagher is Disability Confident Committed. We have pledged to make sure our recruitment process is inclusive and accessible, in addition to supporting our existing employees with any long-term health conditions or disabilities.

We understand that applicants may have disabilities, if you do, you may find some parts of the recruitment process more challenging than others. Don’t worry, we’re here to help, however, we can only do this if you let us know.

Our employing entity, Arthur J. Gallagher Services (UK) Limited, is proud to be accredited as a Living Wage employer with the Living Wage Foundation. We are committed to diversity and opportunity for all and are opposed to any form of less favourable treatment on the grounds of gender or gender identity, marital status, civil partnership status, parental status, race, ethnicity, colour, nationality, disability, sexual orientation, religion/ belief, age and those with caring responsibilities.

Gallagher believes that all persons are entitled to equal employment opportunity and prohibits any form of discrimination by its managers, employees, vendors or customers based on race, color, religion, creed, gender (including pregnancy status), sexual orientation, gender identity (which includes transgender and other gender non-conforming individuals), gender expression, hair expression, marital status, parental status, age, national origin, ancestry, disability, medical condition, genetic information, veteran or military status, citizenship status, or any other characteristic protected (herein referred to as “protected characteristics”) by applicable federal, state, or local laws.

Equal employment opportunity will be extended in all aspects of the employer-employee relationship, including, but not limited to, recruitment, hiring, training, promotion, transfer, demotion, compensation, benefits, layoff, and termination. In addition, Gallagher will make reasonable accommodations to known physical or mental limitations of an otherwise qualified person with a disability, unless the accommodation would impose an undue hardship on the operation of our business.

Job Overview
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