What are the responsibilities and job description for the Actuarial Analyst position at Lancashire Insurance Group?
Department: Actuarial
Location: Connecticut
Description
We are seeking a motivated Actuarial Analyst to support modelling and reporting across pricing, reserving, capital or risk management activities. This role is well suited to a recent graduate or early-career professional who is building a career in actuarial science and working towards a recognized professional qualification. Lancashire US offers structured training, study support for professional qualifications, mentoring from experienced actuarial colleagues, and the opportunity to work on meaningful projects in a collaborative environment. This role provides a strong foundation for long-term career development within the actuarial profession.
Key Responsibilities
At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.
Straight-talking
We feel empowered to share thoughts and ideas, because everyone’s voice matters.
Collaborative
We work together towards common goals, share knowledge and support each other.
Hard-working
We all have a stake in the company’s success and are proactive in contributing to our goals and vision.
Responsible
We focus on achieving tangible results with consistent standards across the Group.
Positive
We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.
Location: Connecticut
Description
We are seeking a motivated Actuarial Analyst to support modelling and reporting across pricing, reserving, capital or risk management activities. This role is well suited to a recent graduate or early-career professional who is building a career in actuarial science and working towards a recognized professional qualification. Lancashire US offers structured training, study support for professional qualifications, mentoring from experienced actuarial colleagues, and the opportunity to work on meaningful projects in a collaborative environment. This role provides a strong foundation for long-term career development within the actuarial profession.
Key Responsibilities
- Assist in analysing data and experience trends to support portfolio optimization and decision-making.
- Support the development, testing and maintenance of actuarial rating models and assumptions.
- Prepare regular reports, summaries and management information for internal stakeholders.
- Contribute to pricing, reserving, forecasting and capital modelling work.
- Collaborate with teams such as underwriting, finance, risk and data to gather insights and feedback analysis.
- Support regulatory, audit or financial reporting requirements as needed.
- Continue professional development and make progress towards actuarial exams, if on the exam track.
- Bachelor’s degree or background in Actuarial Science, Mathematics, Statistics, Economics or a related quantitative discipline.
- Proficiency in Microsoft Excel; familiarity with tools such as R, Python, SQL, VBA or Power BI is an advantage.
- Strong numerical, analytical and problem-solving skills.
- Ability to communicate technical findings clearly to non-technical audiences.
- Willingness to learn, take feedback and work collaboratively in a team environment.
- Commercial awareness and an interest in risk, insurance and financial outcomes.
At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.
Straight-talking
We feel empowered to share thoughts and ideas, because everyone’s voice matters.
Collaborative
We work together towards common goals, share knowledge and support each other.
Hard-working
We all have a stake in the company’s success and are proactive in contributing to our goals and vision.
Responsible
We focus on achieving tangible results with consistent standards across the Group.
Positive
We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.