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senior risk actuary
Reporting Actuary (Hybrid, 80 - 100%)
Swiss Re - Schweizerische Rückversicherungs-Gesellschaft
We are looking for a talented and motivated individual to join the L&H Actuarial Valuation team for Continental Europe (CE). This role will offer the opportunity to take responsibility for financial reporting and in-force management of our life and health (L&H) business in Israel. About the role The key responsibilities include: • Deep dive into various product lines, proactively identify the areas to improve. • Perform experience study and enhance data/model/process whenever needed. Apply actuarial judgement in assumption setting. • Communicate directly or support senior actuaries for assumption proposals and impact with key stakeholders. • Participating in management activities (i.e. recaptures and changes in treaty terms) from an actuarial perspective and taking a proactive approach to management of the in-force portfolio. • Provide quality reserve and income statement submissions for internal and external reporting (local and Swiss statutory, IFRS 17) • Working closely with other functions (including Market Unit, Costing, Accounting, Finance, product team etc) and be a key member of the market cross functional teams • Coordinating workflow and providing support to more junior team member as required. About the team The wider CE Actuarial valuation team, is part of L&H Group Risk Management EMEA, and is made up of around 35 people, split between Zurich, Bangalore and London. The remit of the team covers all L&H business written in our Continental European markets and therefore involves working with a wide range of internal stakeholders in various functions. Key objectives of the team are the delivery of robust and transparent quarterly financial results, supporting active management of our in-force portfolio to help maintain our L&H ROE, and delivering improvements in operational efficiency - including alignment to one global way of working, and system landscape. About You • Qualified/part-qualified Actuary with good progress made towards Actuarial qualification (study package provided), preferably for more than 5 years of experience in L&H re/insurance • Strong analytical skills, attentive to details, and be able to challenge the status quo and lead/drive the enhancements. • Team work - able to build working relationships across technical disciplines, and work effectively across the L&H value chain (including non-actuaries) • Capable of managing own workload when faced with multiple priorities, but willing to seek guidance from line manager as and if required • Strong communication skills, including being capable of presenting results to/discussing results with internal interested parties and senior stakeholders. • Proficient in MS Excel. Knowledge of MS Power BI and/or database software would be considered an advantage. • Strong written and verbal communication skills in English are required We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder. About Swiss Re Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability. If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience. Start your career journey with Swiss Re.
Jul 03, 2025
Full time
We are looking for a talented and motivated individual to join the L&H Actuarial Valuation team for Continental Europe (CE). This role will offer the opportunity to take responsibility for financial reporting and in-force management of our life and health (L&H) business in Israel. About the role The key responsibilities include: • Deep dive into various product lines, proactively identify the areas to improve. • Perform experience study and enhance data/model/process whenever needed. Apply actuarial judgement in assumption setting. • Communicate directly or support senior actuaries for assumption proposals and impact with key stakeholders. • Participating in management activities (i.e. recaptures and changes in treaty terms) from an actuarial perspective and taking a proactive approach to management of the in-force portfolio. • Provide quality reserve and income statement submissions for internal and external reporting (local and Swiss statutory, IFRS 17) • Working closely with other functions (including Market Unit, Costing, Accounting, Finance, product team etc) and be a key member of the market cross functional teams • Coordinating workflow and providing support to more junior team member as required. About the team The wider CE Actuarial valuation team, is part of L&H Group Risk Management EMEA, and is made up of around 35 people, split between Zurich, Bangalore and London. The remit of the team covers all L&H business written in our Continental European markets and therefore involves working with a wide range of internal stakeholders in various functions. Key objectives of the team are the delivery of robust and transparent quarterly financial results, supporting active management of our in-force portfolio to help maintain our L&H ROE, and delivering improvements in operational efficiency - including alignment to one global way of working, and system landscape. About You • Qualified/part-qualified Actuary with good progress made towards Actuarial qualification (study package provided), preferably for more than 5 years of experience in L&H re/insurance • Strong analytical skills, attentive to details, and be able to challenge the status quo and lead/drive the enhancements. • Team work - able to build working relationships across technical disciplines, and work effectively across the L&H value chain (including non-actuaries) • Capable of managing own workload when faced with multiple priorities, but willing to seek guidance from line manager as and if required • Strong communication skills, including being capable of presenting results to/discussing results with internal interested parties and senior stakeholders. • Proficient in MS Excel. Knowledge of MS Power BI and/or database software would be considered an advantage. • Strong written and verbal communication skills in English are required We are an equal opportunity employer and value diversity at our company. We do not discriminate on the basis of race, religion, colour, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We provide feedback to all candidates via email. If you have not heard back from us, please check your spam folder. About Swiss Re Swiss Re is one of the world's leading providers of reinsurance, insurance and other forms of insurance-based risk transfer, working to make the world more resilient. We anticipate and manage a wide variety of risks, from natural catastrophes and climate change to cybercrime. Combining experience with creative thinking and cutting-edge expertise, we create new opportunities and solutions for our clients. This is possible thanks to the collaboration of more than 14,000 employees across the world. Our success depends on our ability to build an inclusive culture encouraging fresh perspectives and innovative thinking. We embrace a workplace where everyone has equal opportunities to thrive and develop professionally regardless of their age, gender, race, ethnicity, gender identity and/or expression, sexual orientation, physical or mental ability, skillset, thought or other characteristics. In our inclusive and flexible environment everyone can bring their authentic selves to work and their passion for sustainability. If you are an experienced professional returning to the workforce after a career break, we encourage you to apply for open positions that match your skills and experience. Start your career journey with Swiss Re.
Head of Capital based in UK
Compre Group
Head of Capital based in UK Department: Actuarial Employment Type: Permanent - Full Time Location: UK (London) Description Head of Capital London hybrid, two days in office Bermuda hybrid, two days in office OR North America remote East Coast Permanent Full-time OR part-time 4-day week We are a fast-growing global reinsurance speciality company servicing the insurance markets of Lloyd's, Europe and North America. Our Chief Actuary - Reserving & Capital is looking for a new Head of Capital to drive the Group's capital reporting and strategy across several global entities while managing a small team of Capital Actuaries. In this varied and strategic role, a qualified Actuary will get a breadth of market experience, contributing substantially in our M&A and regulatory reporting activities. Responsibilities Capital Modelling & Regulatory Reporting Lead end-to end development, maintenance and governance of capital reporting models and templates, including quarterly BSCR, SCR and RBC submissions. Collaborate with Reserving on the calculation of technical provisions for Bermuda EBS, US and SII balance sheets. Manage the preparation of capital and solvency returns, including input to FCR/SFCR, GSSA/CISSA/ORSA and related regulatory filings. Collaborate with Reserving on the modelling of reserve risk volatility. Board Reporting Author and present capital reports, analysis and positions to senior management, Boards and Board Committees - translating technical output into clear business insights. Establish robust validation and governance frameworks in line with the BMA and EIOPA guidelines. Lead the production of the annual Capital Management Plan and presentation of this plan to the Boards. Strategic Capital and Deal support Partner with Pricing, M&A, Treasury and Finance teams to assess the capital impacts of new transactions - including acquisitions, retrocessions and portfolio transfers - allowing for integration into quarterly capital plans. Drive capital-optimisation initiatives across ALM, intragroup reinsurance, portfolio reallocation and capital structuring. Provide actuarial expertise on external capital relief structures and financing solutions. Collaboration with our Lloyd's Managing Agent Collaborate to validate our Syndicate technical provisions, assess capital requirements and collaborate on model enhancements. Team Leadership & Development Build and lead a high-performing global Capital Management team Drive creativity in model design and process improvement, promoting continuous learning. Ensure the successful running of Capital Working Groups, aimed at educating and promoting capital optimisation across the Group. Candidate requirements Qualifications & Experience Fellow of a recognised actuarial institute (e.g. IFoA, CAS) with 10 years of non-life/reinsurance experience, including significant capital-management exposure. Proven track record of leading actuarial and capital teams through regulatory submissions and strategic projects. Technical Expertise Deep understanding of either the Bermuda Economic Balance Sheet framework or Solvency II regulations; and hands-on experience with either BSCR or Solvency II SCR calculations. Candidates based in Bermuda with extensive BSCR and capital management experience but a non-actuarial / accountancy background will also be considered. Familiarity with QRTs, ORSA/CISSA processes and actuarial reporting requirements across multiple jurisdictions including Europe, Bermuda and California. Experience in capital modelling is a strong advantage. Business Acumen & Communication Strong commercial awareness, with the ability to evaluate the capital consequences of underwriting and strategic business decisions. Excellent stakeholder management skills - able to engage and influence senior leaders and external regulators effectively. Leadership & Collaboration Demonstrated success in building, motivating and developing actuarial teams. Ability to explain actuarial technical concepts clearly to a non-actuarial audience, drawing out key messages clearly as required for the specific audience. Benefits Compre is a global speciality reinsurance company that offers capital and liability solutions to its clients, providing them with the certainty they need on their portfolios. We are known for being trusted partners to the market and for having a team of experts who collaborate and maintain discipline in underwriting, ensuring a differentiated client experience. As an ambitious business, we are focused on building depth, breadth, and diversity in the talent across our business to be future-ready. Our clients' needs evolve as the market changes, which is why we continuously invest in areas such as data and technology. This way, we can serve current and future clients' needs with scalable and new technology, delivered by our growing agile Data and Technology team. Our values are what make us stand out. We value each other, empower and hold ourselves accountable, are authentic, collaborative and inclusive, and continuously strive for progress and innovation. Why join us? At Compre, we offer a range of benefits and team engagement events and provide a supportive environment for learning and growth. We are intent upon building a great business, and over the last few years, we have expanded our markets across Europe, Lloyd's, and North America. Our team is based in Bermuda, Finland, Germany, Malta, UK and the US. To keep our globally dispersed team connected, we have various employee resource groups, including Wellbeing, DEI, COMMS and Engagement. We invest in our people and offer learning and development opportunities for leaders and employees to build confidence and grow their skill sets. We value teamwork, authenticity, and innovation, and provide a space for these behaviours to bloom at Compre. Make an impact in a collaborative environment with some of the best talent in the industry, while enjoying: competitive salary & annual bonus a health & wellbeing subsidy (£20 per month) (from Day 1) a generous pension (eligible after probationary period) private healthcare from BUPA and a Healthcare Cash Plan from Medicash (from Day 1) life assurance (from Day 1) income protection (from Day 1) 25 days annual leave (from Day 1) cycle to work scheme (from Day 1) season ticket loan (interest free) (eligible after probationary period) electric vehicle scheme (eligible after probationary period) EAP (Employee Assistance Programme) (from Day 1) learning/study support and reimbursement for professional memberships hybrid working employee socials and recognition programme
Jul 03, 2025
Full time
Head of Capital based in UK Department: Actuarial Employment Type: Permanent - Full Time Location: UK (London) Description Head of Capital London hybrid, two days in office Bermuda hybrid, two days in office OR North America remote East Coast Permanent Full-time OR part-time 4-day week We are a fast-growing global reinsurance speciality company servicing the insurance markets of Lloyd's, Europe and North America. Our Chief Actuary - Reserving & Capital is looking for a new Head of Capital to drive the Group's capital reporting and strategy across several global entities while managing a small team of Capital Actuaries. In this varied and strategic role, a qualified Actuary will get a breadth of market experience, contributing substantially in our M&A and regulatory reporting activities. Responsibilities Capital Modelling & Regulatory Reporting Lead end-to end development, maintenance and governance of capital reporting models and templates, including quarterly BSCR, SCR and RBC submissions. Collaborate with Reserving on the calculation of technical provisions for Bermuda EBS, US and SII balance sheets. Manage the preparation of capital and solvency returns, including input to FCR/SFCR, GSSA/CISSA/ORSA and related regulatory filings. Collaborate with Reserving on the modelling of reserve risk volatility. Board Reporting Author and present capital reports, analysis and positions to senior management, Boards and Board Committees - translating technical output into clear business insights. Establish robust validation and governance frameworks in line with the BMA and EIOPA guidelines. Lead the production of the annual Capital Management Plan and presentation of this plan to the Boards. Strategic Capital and Deal support Partner with Pricing, M&A, Treasury and Finance teams to assess the capital impacts of new transactions - including acquisitions, retrocessions and portfolio transfers - allowing for integration into quarterly capital plans. Drive capital-optimisation initiatives across ALM, intragroup reinsurance, portfolio reallocation and capital structuring. Provide actuarial expertise on external capital relief structures and financing solutions. Collaboration with our Lloyd's Managing Agent Collaborate to validate our Syndicate technical provisions, assess capital requirements and collaborate on model enhancements. Team Leadership & Development Build and lead a high-performing global Capital Management team Drive creativity in model design and process improvement, promoting continuous learning. Ensure the successful running of Capital Working Groups, aimed at educating and promoting capital optimisation across the Group. Candidate requirements Qualifications & Experience Fellow of a recognised actuarial institute (e.g. IFoA, CAS) with 10 years of non-life/reinsurance experience, including significant capital-management exposure. Proven track record of leading actuarial and capital teams through regulatory submissions and strategic projects. Technical Expertise Deep understanding of either the Bermuda Economic Balance Sheet framework or Solvency II regulations; and hands-on experience with either BSCR or Solvency II SCR calculations. Candidates based in Bermuda with extensive BSCR and capital management experience but a non-actuarial / accountancy background will also be considered. Familiarity with QRTs, ORSA/CISSA processes and actuarial reporting requirements across multiple jurisdictions including Europe, Bermuda and California. Experience in capital modelling is a strong advantage. Business Acumen & Communication Strong commercial awareness, with the ability to evaluate the capital consequences of underwriting and strategic business decisions. Excellent stakeholder management skills - able to engage and influence senior leaders and external regulators effectively. Leadership & Collaboration Demonstrated success in building, motivating and developing actuarial teams. Ability to explain actuarial technical concepts clearly to a non-actuarial audience, drawing out key messages clearly as required for the specific audience. Benefits Compre is a global speciality reinsurance company that offers capital and liability solutions to its clients, providing them with the certainty they need on their portfolios. We are known for being trusted partners to the market and for having a team of experts who collaborate and maintain discipline in underwriting, ensuring a differentiated client experience. As an ambitious business, we are focused on building depth, breadth, and diversity in the talent across our business to be future-ready. Our clients' needs evolve as the market changes, which is why we continuously invest in areas such as data and technology. This way, we can serve current and future clients' needs with scalable and new technology, delivered by our growing agile Data and Technology team. Our values are what make us stand out. We value each other, empower and hold ourselves accountable, are authentic, collaborative and inclusive, and continuously strive for progress and innovation. Why join us? At Compre, we offer a range of benefits and team engagement events and provide a supportive environment for learning and growth. We are intent upon building a great business, and over the last few years, we have expanded our markets across Europe, Lloyd's, and North America. Our team is based in Bermuda, Finland, Germany, Malta, UK and the US. To keep our globally dispersed team connected, we have various employee resource groups, including Wellbeing, DEI, COMMS and Engagement. We invest in our people and offer learning and development opportunities for leaders and employees to build confidence and grow their skill sets. We value teamwork, authenticity, and innovation, and provide a space for these behaviours to bloom at Compre. Make an impact in a collaborative environment with some of the best talent in the industry, while enjoying: competitive salary & annual bonus a health & wellbeing subsidy (£20 per month) (from Day 1) a generous pension (eligible after probationary period) private healthcare from BUPA and a Healthcare Cash Plan from Medicash (from Day 1) life assurance (from Day 1) income protection (from Day 1) 25 days annual leave (from Day 1) cycle to work scheme (from Day 1) season ticket loan (interest free) (eligible after probationary period) electric vehicle scheme (eligible after probationary period) EAP (Employee Assistance Programme) (from Day 1) learning/study support and reimbursement for professional memberships hybrid working employee socials and recognition programme
HFG
First In-house Pricing Actuary
HFG
We have partnered with an rapidly growing Lloyd's syndicate and MGA to find them a senior pricing actuary. This is a great opportunity for someone either stepping up into a senior pricing role or someone more experience looking for a change. The role is well rounded but includes: Pricing of larger or complex risks on a case-by-case basis. Building and continued maintenance of pricing models for the syndicate and MGA. Building strong relationships with senior underwriters with close interactions with the Chief Actuary. Provide insights into business lines as a part of reserving and capital model processes. Provide feedback and data on pricing as a part of the business planning process. This is a great role for someone looking for a small, close knit and high performing team so for more info please apply.
Jun 29, 2025
Full time
We have partnered with an rapidly growing Lloyd's syndicate and MGA to find them a senior pricing actuary. This is a great opportunity for someone either stepping up into a senior pricing role or someone more experience looking for a change. The role is well rounded but includes: Pricing of larger or complex risks on a case-by-case basis. Building and continued maintenance of pricing models for the syndicate and MGA. Building strong relationships with senior underwriters with close interactions with the Chief Actuary. Provide insights into business lines as a part of reserving and capital model processes. Provide feedback and data on pricing as a part of the business planning process. This is a great role for someone looking for a small, close knit and high performing team so for more info please apply.
Senior Capital Actuary with Leading BPA Provider
Clarence George
Clarence George is partnered with a leading BPA provider hiring for a newly created Senior Capital Actuary role within its Finance Actuarial & Capital team. This is a high-impact position with clear progression into leadership. You'll take ownership of market risk and proxy modelling within the Internal Model, contribute to capital strategy, and present insights to senior stakeholders. The team operates cross-functionally with a strong emphasis on collaboration over silos. Key Requirements: Qualified actuary with a strong quantitative background Experience with Proxy Models, Capital Models, and modelling financial risks required Strong coding skills (Python preferred) Solid understanding of Solvency II / Solvency UK Knowledge of credit risk and/or ERM modelling is highly desirable Confident communicator with strong stakeholder engagement Apply now to find out more or get in touch in confidence.
Jun 27, 2025
Full time
Clarence George is partnered with a leading BPA provider hiring for a newly created Senior Capital Actuary role within its Finance Actuarial & Capital team. This is a high-impact position with clear progression into leadership. You'll take ownership of market risk and proxy modelling within the Internal Model, contribute to capital strategy, and present insights to senior stakeholders. The team operates cross-functionally with a strong emphasis on collaboration over silos. Key Requirements: Qualified actuary with a strong quantitative background Experience with Proxy Models, Capital Models, and modelling financial risks required Strong coding skills (Python preferred) Solid understanding of Solvency II / Solvency UK Knowledge of credit risk and/or ERM modelling is highly desirable Confident communicator with strong stakeholder engagement Apply now to find out more or get in touch in confidence.
Pricing Actuary
Versified
Pricing Actuary London (Hybrid) Permanent Commercial Motor & Specialty Lines Competitive Salary + Benefits A forward-looking commercial insurer is seeking a qualified or nearly qualified actuary to join its London-based pricing team with a specific focus on digital distribution and automated underwriting. This is an exciting opportunity to work at the intersection of pricing, technology and underwriting, helping to shape digital product strategies across a portfolio that includes Fleet, Commercial Package and Agricultural Vehicle classes. What you'll be doing: You'll play a central role in supporting the evolution of e-traded products and automated pricing capability across the UK commercial motor book. Key responsibilities include: Developing strong working relationships with underwriters, senior management and pricing colleagues across Europe Leading and supporting the development, maintenance and testing of pricing models, particularly those underpinning digital products Monitoring and analysing portfolio performance including rate movement, mix changes and quote conversion Acting as a key actuarial point of contact for the UK digital underwriting business Providing input into reinsurance planning, ULR projections, catastrophe risk templates and performance reviews Driving innovation in data use, model deployment and the delivery of actionable insights to the business What you'll bring: FIA (or nearly qualified) with experience in commercial lines pricing Proven knowledge of digital or automated underwriting platforms and tools Familiarity with relevant product lines - particularly Fleet, Commercial Package and Agricultural Vehicle Solid technical skills - ideally with exposure to SAS, Excel (incl. VBA), Python, VB.Net or SQL A working understanding of the London market or European reinsurance environment is a plus Strong analytical thinking, attention to detail and a collaborative mindset Excellent communication skills and the confidence to advise underwriters and challenge constructively where appropriate Why consider this role? You'll join a collaborative and international pricing function with exposure to stakeholders in both London and continental Europe. This is a genuine opportunity to influence the way digital products are priced and monitored. The business offers a competitive salary, flexible working and strong support for career progression, along with a culture that encourages innovation, ownership and continuous learning. If you're an actuarial pricing professional looking to take the next step in your career, particularly in the digital space, feel free to get in touch for a confidential conversation.
Jun 27, 2025
Full time
Pricing Actuary London (Hybrid) Permanent Commercial Motor & Specialty Lines Competitive Salary + Benefits A forward-looking commercial insurer is seeking a qualified or nearly qualified actuary to join its London-based pricing team with a specific focus on digital distribution and automated underwriting. This is an exciting opportunity to work at the intersection of pricing, technology and underwriting, helping to shape digital product strategies across a portfolio that includes Fleet, Commercial Package and Agricultural Vehicle classes. What you'll be doing: You'll play a central role in supporting the evolution of e-traded products and automated pricing capability across the UK commercial motor book. Key responsibilities include: Developing strong working relationships with underwriters, senior management and pricing colleagues across Europe Leading and supporting the development, maintenance and testing of pricing models, particularly those underpinning digital products Monitoring and analysing portfolio performance including rate movement, mix changes and quote conversion Acting as a key actuarial point of contact for the UK digital underwriting business Providing input into reinsurance planning, ULR projections, catastrophe risk templates and performance reviews Driving innovation in data use, model deployment and the delivery of actionable insights to the business What you'll bring: FIA (or nearly qualified) with experience in commercial lines pricing Proven knowledge of digital or automated underwriting platforms and tools Familiarity with relevant product lines - particularly Fleet, Commercial Package and Agricultural Vehicle Solid technical skills - ideally with exposure to SAS, Excel (incl. VBA), Python, VB.Net or SQL A working understanding of the London market or European reinsurance environment is a plus Strong analytical thinking, attention to detail and a collaborative mindset Excellent communication skills and the confidence to advise underwriters and challenge constructively where appropriate Why consider this role? You'll join a collaborative and international pricing function with exposure to stakeholders in both London and continental Europe. This is a genuine opportunity to influence the way digital products are priced and monitored. The business offers a competitive salary, flexible working and strong support for career progression, along with a culture that encourages innovation, ownership and continuous learning. If you're an actuarial pricing professional looking to take the next step in your career, particularly in the digital space, feel free to get in touch for a confidential conversation.
Edenbrook
Pricing Lead
Edenbrook Aylesbury, Buckinghamshire
Key Responsibilities As a key member of the Bulk Purchase Annuity (BPA) Pricing team, the Head of Pricing will play a central role in driving the delivery of accurate, insightful, and commercially sound pricing strategies. Responsibilities include: Lead and oversee the preparation and analysis of Defined Benefit (DB) pension scheme data for pricing purposes, ensuring appropriate methodologies and assumptions are applied to address data gaps. Review and validate the modelling of DB pension scheme cashflows using actuarial and valuation systems, ensuring accuracy and compliance with internal and regulatory standards. Mentor, develop, and support junior team members, fostering a high-performing and collaborative team culture. Lead experience investigations to analyse factors influencing pricing assumptions, ensuring that the latest insights are reflected in the pricing basis. Drive the delivery of BPA pricing in alignment with Solvency II, UK GAAP, and IFRS17 frameworks. Support senior stakeholders by providing expert input on the enhancement, governance, and implementation of pricing models and methodologies. Contribute to continuous improvement initiatives, identifying opportunities to refine processes and enhance pricing capability. Ensure full compliance with FCA Conduct and Consumer Duty rules, as well as PRA Senior Manager Conduct Standards. Mandatory: • 3 or 4 years of experience of working in DB pensions at an Employee Benefit Consultancy (EBC) or in the BPA team at an insurer / reinsurer. • Newly qualified Actuary or nearly qualified with relevant experience either continuing exams or stopped. • Experience of DB pension modelling. Desirable: • Experienced in insurance BPA cashflow modelling and pricing or experience of pension scheme buy-outs in a risk transfer team at an EBC. • Experience of Mantle systems.
Jun 25, 2025
Full time
Key Responsibilities As a key member of the Bulk Purchase Annuity (BPA) Pricing team, the Head of Pricing will play a central role in driving the delivery of accurate, insightful, and commercially sound pricing strategies. Responsibilities include: Lead and oversee the preparation and analysis of Defined Benefit (DB) pension scheme data for pricing purposes, ensuring appropriate methodologies and assumptions are applied to address data gaps. Review and validate the modelling of DB pension scheme cashflows using actuarial and valuation systems, ensuring accuracy and compliance with internal and regulatory standards. Mentor, develop, and support junior team members, fostering a high-performing and collaborative team culture. Lead experience investigations to analyse factors influencing pricing assumptions, ensuring that the latest insights are reflected in the pricing basis. Drive the delivery of BPA pricing in alignment with Solvency II, UK GAAP, and IFRS17 frameworks. Support senior stakeholders by providing expert input on the enhancement, governance, and implementation of pricing models and methodologies. Contribute to continuous improvement initiatives, identifying opportunities to refine processes and enhance pricing capability. Ensure full compliance with FCA Conduct and Consumer Duty rules, as well as PRA Senior Manager Conduct Standards. Mandatory: • 3 or 4 years of experience of working in DB pensions at an Employee Benefit Consultancy (EBC) or in the BPA team at an insurer / reinsurer. • Newly qualified Actuary or nearly qualified with relevant experience either continuing exams or stopped. • Experience of DB pension modelling. Desirable: • Experienced in insurance BPA cashflow modelling and pricing or experience of pension scheme buy-outs in a risk transfer team at an EBC. • Experience of Mantle systems.
Deputy Head of Modelling Reporting
AXIS Capital
Deputy Head of Modelling Reporting page is loaded Deputy Head of Modelling Reporting Apply locations London - Scalpel time type Full time posted on Posted Yesterday job requisition id REQ05979 This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process. Deputy Head of Modelling Reporting Department: Capital Modelling Reporting to: Head of Model Reporting Job Description This role works within the Capital Modelling team, supporting the Head of Model Reporting with all uses of the Internal Model, which is built on the Tyche software platform. A particular area of focus will be the modelling of the Business Plan and outwards reinsurance, which will involve working closely with AXIS's Ceded and Pricing teams. There will also be the opportunity to work on a wide variety of model uses, such as setting regulatory capital for AXIS's Lloyd's syndicates. Job Responsibilities Model Use • Updating the internal model to reflect new business plans and analysing the changes from the prior plan, to help provide insights to senior management • Collaborating with Ceded reinsurance, Pricing and Third-Party Capital teams to assess outwards reinsurance/retro arrangements • Using the internal model to price AXIS's of internal intragroup reinsurance covers. • Monitoring and reporting of AXIS' risk profile • Completing management and regulatory reports • Undertaking ad hoc investigations where required • Supporting other members of the capital team in calculation of regulatory capital for AXIS's Lloyd's syndicates Model Updates, Development, Validation & Documentation • Carrying out model updates and developing the internal model to appropriately reflect the business being written and to ensure that the model is up to date and fit for purpose • Analysing and communicating changes in results to ensure that the modelling is transparent and robust • Understanding the inputs, outputs and limitations of the model and related external models, such as those for economic and catastrophe scenarios • Participating in the validation of model methods, inputs and outputs to ensure the model operates as intended; to enhance understanding and guide future developments • Maintaining documentation on the rationale for selection and alteration of parameters within the model Leadership and relationships • Presenting and explaining results and decisions to management • Proactively Engaging with other teams and stakeholders to ensure comprehensive understanding of the modelling and timely delivery of results • Providing leadership, advice and training to other members of the capital team • Management of junior team members may be required in the future About You Required Qualifications and Experience: • Near-qualified or newly-qualified actuary with 3+ years in-depth experience in an actuarial risk and capital modelling environment • Experience in using and maintaining stochastic capital models Other Desired Skills & Characteristics: • Highly computer literate, able to use spreadsheets, databases and learn the use of new systems • Experience in using capital modelling simulation software such as Tyche, Igloo or ReMetrica • Additional coding experience is a plus • Enthusiasm to ask questions and fully understand the work we carry out and its implications for the business • Ability to plan effectively and organise and prioritise workload; strong attention to detail • Ability to structure analyses and modelling coherently and clearly • Capable of developing and maintaining effective relationships at all levels • Excellent communication skills, both oral and written • Experience of presenting results to stakeholders Role Factors In this role, you will typically be required to: • Be in the office 2-3 days per week About Us We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry. Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company. We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
Jun 18, 2025
Full time
Deputy Head of Modelling Reporting page is loaded Deputy Head of Modelling Reporting Apply locations London - Scalpel time type Full time posted on Posted Yesterday job requisition id REQ05979 This is your opportunity to join AXIS Capital - a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves. This means that we bring our whole selves to work. All qualified applicants will receive consideration for employment without regard to race, color, religion or creed, sex, pregnancy, sexual orientation, gender identity or expression, national origin or ancestry, citizenship, physical or mental disability, age, marital status, civil union status, family or parental status, or any other characteristic protected by law. Accommodation is available upon request for candidates taking part in the selection process. Deputy Head of Modelling Reporting Department: Capital Modelling Reporting to: Head of Model Reporting Job Description This role works within the Capital Modelling team, supporting the Head of Model Reporting with all uses of the Internal Model, which is built on the Tyche software platform. A particular area of focus will be the modelling of the Business Plan and outwards reinsurance, which will involve working closely with AXIS's Ceded and Pricing teams. There will also be the opportunity to work on a wide variety of model uses, such as setting regulatory capital for AXIS's Lloyd's syndicates. Job Responsibilities Model Use • Updating the internal model to reflect new business plans and analysing the changes from the prior plan, to help provide insights to senior management • Collaborating with Ceded reinsurance, Pricing and Third-Party Capital teams to assess outwards reinsurance/retro arrangements • Using the internal model to price AXIS's of internal intragroup reinsurance covers. • Monitoring and reporting of AXIS' risk profile • Completing management and regulatory reports • Undertaking ad hoc investigations where required • Supporting other members of the capital team in calculation of regulatory capital for AXIS's Lloyd's syndicates Model Updates, Development, Validation & Documentation • Carrying out model updates and developing the internal model to appropriately reflect the business being written and to ensure that the model is up to date and fit for purpose • Analysing and communicating changes in results to ensure that the modelling is transparent and robust • Understanding the inputs, outputs and limitations of the model and related external models, such as those for economic and catastrophe scenarios • Participating in the validation of model methods, inputs and outputs to ensure the model operates as intended; to enhance understanding and guide future developments • Maintaining documentation on the rationale for selection and alteration of parameters within the model Leadership and relationships • Presenting and explaining results and decisions to management • Proactively Engaging with other teams and stakeholders to ensure comprehensive understanding of the modelling and timely delivery of results • Providing leadership, advice and training to other members of the capital team • Management of junior team members may be required in the future About You Required Qualifications and Experience: • Near-qualified or newly-qualified actuary with 3+ years in-depth experience in an actuarial risk and capital modelling environment • Experience in using and maintaining stochastic capital models Other Desired Skills & Characteristics: • Highly computer literate, able to use spreadsheets, databases and learn the use of new systems • Experience in using capital modelling simulation software such as Tyche, Igloo or ReMetrica • Additional coding experience is a plus • Enthusiasm to ask questions and fully understand the work we carry out and its implications for the business • Ability to plan effectively and organise and prioritise workload; strong attention to detail • Ability to structure analyses and modelling coherently and clearly • Capable of developing and maintaining effective relationships at all levels • Excellent communication skills, both oral and written • Experience of presenting results to stakeholders Role Factors In this role, you will typically be required to: • Be in the office 2-3 days per week About Us We are shaping the direction of Insurance and Reinsurance during a critical and exciting time for the industry. Whether you are a student approaching graduation or a seasoned professional looking for a new environment, AXIS has the right challenges and career opportunities for you. At AXIS, we value each individual and recognize that attracting and retaining the right people is essential to the success of our company. We offer a comprehensive and competitive benefits package which includes medical plans for employees and their families, health and wellness programs, retirement plans, tuition reimbursement, paid vacation, and much more.
Senior Life Actuarial Consultant
Actuarial Futures
Are you a part-qualified or qualified life actuary looking to join a global leader in consulting? If so, this is an exceptional opportunity to support a wide range of client-facing projects. This role offers deep involvement in diverse workstreams including capital and financial reporting, capital optimisation, IFRS 17, and understanding the latest regulatory changes. You will also support risk management activities such as validation, risk appetite reviews, and oversight, along with emerging practices on climate risk. Additionally, you will play a key role in new business propositions, life and annuity product development-including modelling, valuation analysis, and strategy support-and support mergers & acquisitions due diligence, including assumption reviews. The ideal candidate will have technical knowledge of Solvency II internal models, ORSA, and IFRS 17, with strong problem-solving and analytical skills. Strong modelling skills with hands-on experience in at least one coding language (e.g., R, Python) would be advantageous. Required fields include: CV, LinkedIn URL, or Dropbox link URL CV upload Telephone number Email address (valid) Ensure your LinkedIn URL begins with and your Dropbox URL begins with .
Jun 11, 2025
Full time
Are you a part-qualified or qualified life actuary looking to join a global leader in consulting? If so, this is an exceptional opportunity to support a wide range of client-facing projects. This role offers deep involvement in diverse workstreams including capital and financial reporting, capital optimisation, IFRS 17, and understanding the latest regulatory changes. You will also support risk management activities such as validation, risk appetite reviews, and oversight, along with emerging practices on climate risk. Additionally, you will play a key role in new business propositions, life and annuity product development-including modelling, valuation analysis, and strategy support-and support mergers & acquisitions due diligence, including assumption reviews. The ideal candidate will have technical knowledge of Solvency II internal models, ORSA, and IFRS 17, with strong problem-solving and analytical skills. Strong modelling skills with hands-on experience in at least one coding language (e.g., R, Python) would be advantageous. Required fields include: CV, LinkedIn URL, or Dropbox link URL CV upload Telephone number Email address (valid) Ensure your LinkedIn URL begins with and your Dropbox URL begins with .
Pricing Actuary - Treaty, Partnerships & Innovation
Chaucer Underwriting Services Limited
Pricing Actuary - Treaty, Partnerships & Innovation Job Summary The Pricing Actuary will provide pricing support for Chaucer's growing Treaty portfolio (Property, Specialty and Casualty Treaty) and Partnership and Innovation portfolios across London and International offices. The Pricing Actuary will work closely with other divisional actuaries across divisions to balance workload, broaden experience and facilitate consistency of approach. The Pricing Actuary will have responsibility for managing and overseeing the delivery of pricing KPI and performance reporting up to Underwriting Committee level, with the support of a direct report. The role will be strongly underwriter and client-facing, incorporating support for broker and reinsurer negotiations, individual case pricing support, leading the development of pricing models, developing portfolio analytics capabilities, supporting strategic projects and developing new pricing capabilities. The Pricing Actuary will also provide pricing support for other classes and Group-wide projects as required. The successful applicant will have strong technical pricing skills and strong project management and communication skills in order to provide effective broker and client support, manage and deliver across multiple workstreams, secure buy-in for new initiatives and provide effective reporting to the Underwriting Committee. The Pricing Actuary will be located within the Actuarial pricing team in London and work directly with the underwriting teams and other pricing actuaries under the guidance of the Head of Pricing / Reinsurance Pricing Manager / Insurance Pricing Manager. Main Duties Develop, support and provide oversight across pricing activities, working collaboratively with the Head of Pricing / Reinsurance Pricing Manager / Insurance Pricing Manager and other Pricing Actuaries. To include: Account pricing and underwriter support for broker and reinsurer negotiations Managing the preparation of quarterly reports up to Underwriting Committee level ensuring that any deviations from targets are explained effectively and succinctly Line management of one direct report Outwards reinsurance optimisation Pricing model and other tool development, in line with Actuarial pricing frameworks and technological solutions Pricing analytics and MI development and making use of available data to support risk selection and portfolio optimisation more generally Support for deep dives, model usage reviews, portfolio monitoring / steering Train underwriters in use of models, review their work and supervise model development by underwriting staff Ensure alignment of pricing with evolving exposure management practices and 'Own View of Risk' frameworks. Provide input into the development of modelling approaches where appropriate Development of a deep understanding of the Treaty classes, trends and underwriting team strategies Keep abreast of industry initiatives, provide thought leadership, develop new pricing/visualisation techniques and best practice where opportunities arise Work collaboratively with underwriters, the pricing team and underwriting management Present and share knowledge with the wider Actuarial team on pricing approaches Assistance for other pricing team activities as required Project management of more junior team members & actuarial contributions to cross functional projects Our Requirements Relevant Experience Essential: Strong London Market pricing experience Desirable: Project Management and Management experience Reporting experience to Senior Management Predictive analytics working with large datasets Technical Skills Essential: Strong IT skills, including comprehensive knowledge of Excel Desirable: Python, SQL, VBA, R Education & Experience Essential Qualified/Nearly Qualified Actuary 2.1 or 1st degree in Mathematics or Mathematics-related subject (e.g. Physics, Engineering, Statistics) 3 or more strong 'A' levels, including Maths Personal Skills Strong stakeholder and project management skills. Strong interpersonal, verbal and written skills Able to collaborate, work as a team and communicate with staff at all levels Intellectually curious and results-oriented with a strong sense of responsibility Attention to detail Self-motivated, hard-working and committed Flexible and adaptable Other Responsibilities Some travel in support of Underwriter/Client meetings and travel to Chaucer underwriting offices may be required. ABOUT US Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website. Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Feb 20, 2025
Full time
Pricing Actuary - Treaty, Partnerships & Innovation Job Summary The Pricing Actuary will provide pricing support for Chaucer's growing Treaty portfolio (Property, Specialty and Casualty Treaty) and Partnership and Innovation portfolios across London and International offices. The Pricing Actuary will work closely with other divisional actuaries across divisions to balance workload, broaden experience and facilitate consistency of approach. The Pricing Actuary will have responsibility for managing and overseeing the delivery of pricing KPI and performance reporting up to Underwriting Committee level, with the support of a direct report. The role will be strongly underwriter and client-facing, incorporating support for broker and reinsurer negotiations, individual case pricing support, leading the development of pricing models, developing portfolio analytics capabilities, supporting strategic projects and developing new pricing capabilities. The Pricing Actuary will also provide pricing support for other classes and Group-wide projects as required. The successful applicant will have strong technical pricing skills and strong project management and communication skills in order to provide effective broker and client support, manage and deliver across multiple workstreams, secure buy-in for new initiatives and provide effective reporting to the Underwriting Committee. The Pricing Actuary will be located within the Actuarial pricing team in London and work directly with the underwriting teams and other pricing actuaries under the guidance of the Head of Pricing / Reinsurance Pricing Manager / Insurance Pricing Manager. Main Duties Develop, support and provide oversight across pricing activities, working collaboratively with the Head of Pricing / Reinsurance Pricing Manager / Insurance Pricing Manager and other Pricing Actuaries. To include: Account pricing and underwriter support for broker and reinsurer negotiations Managing the preparation of quarterly reports up to Underwriting Committee level ensuring that any deviations from targets are explained effectively and succinctly Line management of one direct report Outwards reinsurance optimisation Pricing model and other tool development, in line with Actuarial pricing frameworks and technological solutions Pricing analytics and MI development and making use of available data to support risk selection and portfolio optimisation more generally Support for deep dives, model usage reviews, portfolio monitoring / steering Train underwriters in use of models, review their work and supervise model development by underwriting staff Ensure alignment of pricing with evolving exposure management practices and 'Own View of Risk' frameworks. Provide input into the development of modelling approaches where appropriate Development of a deep understanding of the Treaty classes, trends and underwriting team strategies Keep abreast of industry initiatives, provide thought leadership, develop new pricing/visualisation techniques and best practice where opportunities arise Work collaboratively with underwriters, the pricing team and underwriting management Present and share knowledge with the wider Actuarial team on pricing approaches Assistance for other pricing team activities as required Project management of more junior team members & actuarial contributions to cross functional projects Our Requirements Relevant Experience Essential: Strong London Market pricing experience Desirable: Project Management and Management experience Reporting experience to Senior Management Predictive analytics working with large datasets Technical Skills Essential: Strong IT skills, including comprehensive knowledge of Excel Desirable: Python, SQL, VBA, R Education & Experience Essential Qualified/Nearly Qualified Actuary 2.1 or 1st degree in Mathematics or Mathematics-related subject (e.g. Physics, Engineering, Statistics) 3 or more strong 'A' levels, including Maths Personal Skills Strong stakeholder and project management skills. Strong interpersonal, verbal and written skills Able to collaborate, work as a team and communicate with staff at all levels Intellectually curious and results-oriented with a strong sense of responsibility Attention to detail Self-motivated, hard-working and committed Flexible and adaptable Other Responsibilities Some travel in support of Underwriter/Client meetings and travel to Chaucer underwriting offices may be required. ABOUT US Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website. Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
NFU Mutual
Actuary Stratford-upon-Avon
NFU Mutual Stratford-upon-avon, Warwickshire
Salary: Up to £70,000 per annum + 17.5% bonus + benefits Competitive salary and up to 17.5% annual bonus + great benefits Career development and financial support to achieve professional qualifications This is a hybrid role with 80% homeworking options and 20% in Stratford-upon-Avon About the role We have an exciting opportunity for a qualified Actuary or nearly qualified Actuarial Consultant to join our Financial Risk team at NFU Mutual. Join a dynamic and collaborative team at the heart of our organisation's solvency management function. We play a vital role in shaping the financial resilience of the business, overseeing capital modelling, regulatory reporting, and scenario testing for extreme events, such as severe weather disruptions or financial market crashes. Our work extends beyond regulatory compliance, supporting strategic decisions on investment planning, mutual bonus distribution, and reinsurance arrangements. With varied objectives that evolve each year based on both internal business needs and external market influences, our team offers a challenging yet rewarding environment where no two days are the same. This role is based in our Tiddington Head Office, just outside Stratford-Upon-Avon. However, we understand how important a positive work-life balance is, so to help you give your best, we offer great facilities when you want to be in an office environment and support to work up to 80% of your hours from home. About you You'll use your knowledge as a General Insurance Actuary to supply insight and recommendations to senior stakeholders. As a qualified Actuary or nearly qualified Actuarial Consultant, you'll bring a collaborative approach and an eye for detail to your work. Aware of current industry developments and regulatory change, you leverage your in-depth knowledge of actuarial techniques to add value to an organisation. You proactively build strong working relationships and have a flair for communicating complex information to a non-technical audience. To join our team, you'll also have; An FIA or FFA qualification or a willingness to achieve fully qualified status if you're a part qualified Actuarial Consultant Experience as an Actuary or Actuarial Consultant in the General Insurance sector Strong written and verbal communication skills. Benefits and Rewards When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including: Salary Up to £70,000 per annum depending on experience Annual bonus (up to 17.5% of salary) Contributory pension scheme, up to 20%, including your 8% contribution 25 days annual leave + bank holidays + buy/sell/save holiday trading scheme A Family Friendly policy that helps you balance your work and family responsibilities Access to savings at High Street brands, travel and supermarkets £20 contribution to a monthly gym membership - subject to T&Cs Health and wellbeing plan - cashback for dentist, opticians, physio and more Access to voluntary benefits, including health assessments, private medical insurance and dental insurance Employee Volunteering - volunteering in the community for one day each year Unlimited access to Refer a Friend £500 bonus scheme Life Assurance cover of 4 x salary Employee discounts of 15% on a range of NFU Mutual insurance policies.
Feb 20, 2025
Full time
Salary: Up to £70,000 per annum + 17.5% bonus + benefits Competitive salary and up to 17.5% annual bonus + great benefits Career development and financial support to achieve professional qualifications This is a hybrid role with 80% homeworking options and 20% in Stratford-upon-Avon About the role We have an exciting opportunity for a qualified Actuary or nearly qualified Actuarial Consultant to join our Financial Risk team at NFU Mutual. Join a dynamic and collaborative team at the heart of our organisation's solvency management function. We play a vital role in shaping the financial resilience of the business, overseeing capital modelling, regulatory reporting, and scenario testing for extreme events, such as severe weather disruptions or financial market crashes. Our work extends beyond regulatory compliance, supporting strategic decisions on investment planning, mutual bonus distribution, and reinsurance arrangements. With varied objectives that evolve each year based on both internal business needs and external market influences, our team offers a challenging yet rewarding environment where no two days are the same. This role is based in our Tiddington Head Office, just outside Stratford-Upon-Avon. However, we understand how important a positive work-life balance is, so to help you give your best, we offer great facilities when you want to be in an office environment and support to work up to 80% of your hours from home. About you You'll use your knowledge as a General Insurance Actuary to supply insight and recommendations to senior stakeholders. As a qualified Actuary or nearly qualified Actuarial Consultant, you'll bring a collaborative approach and an eye for detail to your work. Aware of current industry developments and regulatory change, you leverage your in-depth knowledge of actuarial techniques to add value to an organisation. You proactively build strong working relationships and have a flair for communicating complex information to a non-technical audience. To join our team, you'll also have; An FIA or FFA qualification or a willingness to achieve fully qualified status if you're a part qualified Actuarial Consultant Experience as an Actuary or Actuarial Consultant in the General Insurance sector Strong written and verbal communication skills. Benefits and Rewards When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including: Salary Up to £70,000 per annum depending on experience Annual bonus (up to 17.5% of salary) Contributory pension scheme, up to 20%, including your 8% contribution 25 days annual leave + bank holidays + buy/sell/save holiday trading scheme A Family Friendly policy that helps you balance your work and family responsibilities Access to savings at High Street brands, travel and supermarkets £20 contribution to a monthly gym membership - subject to T&Cs Health and wellbeing plan - cashback for dentist, opticians, physio and more Access to voluntary benefits, including health assessments, private medical insurance and dental insurance Employee Volunteering - volunteering in the community for one day each year Unlimited access to Refer a Friend £500 bonus scheme Life Assurance cover of 4 x salary Employee discounts of 15% on a range of NFU Mutual insurance policies.
HFG
Portfolio Analytics Manager - Actuary
HFG
We have partnered with the company that everybody wants to work for in the Lloyd's market to find them a Portfolio Analytics Manager. This is a great opportunity to work closely with an extremely impressive senior management team (Including the CUO who is an Actuary) and the best underwriters across Re/Insurance. The role is highly strategic and the successful person will drive an already hugely profitable book through portfolio analytics techniques. The role includes but is not limited to: Working for a company that prioritises actuarial input and hires actuaries straight into UW regularly. The business has a culture of utilising data for decision making from top to bottom. Reporting into, and working on a daily basis with the Chief Analytics Officer as well as dozens of other super talented people who are on the board of directors. Leading a small team of highly talented Portfolio Managers/Management analysts. Working closely with Underwriters, Actuaries, Data Scientists, Claims and Data/Tech teams to promote underwriting performance. Develop the portfolio analytics strategy and roadmap. Lead the design, delivery and embedding of pricing and analytics visualisation dashboard suites and other analytics tools to drive UW. Monitor portfolios, aid risk selection, strengthen pricing, challenge business planning amongst many other duties.
Feb 19, 2025
Full time
We have partnered with the company that everybody wants to work for in the Lloyd's market to find them a Portfolio Analytics Manager. This is a great opportunity to work closely with an extremely impressive senior management team (Including the CUO who is an Actuary) and the best underwriters across Re/Insurance. The role is highly strategic and the successful person will drive an already hugely profitable book through portfolio analytics techniques. The role includes but is not limited to: Working for a company that prioritises actuarial input and hires actuaries straight into UW regularly. The business has a culture of utilising data for decision making from top to bottom. Reporting into, and working on a daily basis with the Chief Analytics Officer as well as dozens of other super talented people who are on the board of directors. Leading a small team of highly talented Portfolio Managers/Management analysts. Working closely with Underwriters, Actuaries, Data Scientists, Claims and Data/Tech teams to promote underwriting performance. Develop the portfolio analytics strategy and roadmap. Lead the design, delivery and embedding of pricing and analytics visualisation dashboard suites and other analytics tools to drive UW. Monitor portfolios, aid risk selection, strengthen pricing, challenge business planning amongst many other duties.
Head of Financial Risk
Munich Re
At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold, and curious, allowing them to achieve their individual goals. Head of Financial Risk We are currently looking for a Head of Financial Risk to be based in London on a full-time basis, reporting into the Head of Enterprise Risk Management. This individual will drive good industry practices in terms of identification, assessment, and management of financial risks and controls across Munich Re Specialty-Global Markets (MRS-GM) (including insurance, credit, capital, market, climate, and liquidity risk), in support of the Head of ERM, alongside the Head of Non-Financial Risk. Lead the independent validation process for the Munich Re Syndicate Limited (MRSL) Solvency II Internal Model, and confirm compliance with regulatory requirements (Solvency II and Lloyd's) in relation to the Internal Model. Responsibilities: Lead the implementation and embedding of the Financial Risk framework setting out MRS-GM approach to identification, assessment, and management of financial risks and controls in alignment with the MRS-GM enterprise risk management (ERM) framework, strategic objectives, Group, and regulatory requirements. For all MRS-GM businesses, ensure financial risk exposures and associated controls are appropriately monitored and reported on for the required management and legal entity governing bodies to ensure strong business support on key decisions, the appropriate identification and management of key and emerging risks, and compliance with Munich Re, PRA, FCA, and Lloyd's requirements. This includes: providing effective and timely risk management support, challenge, and opinions to the business including on strategic developments, change initiatives, and new products; supporting the development, implementation, and embedding of appropriate risk appetite and other metrics; supporting emerging risk assessments and scenario analysis activities; actively promoting close and harmonious working relationships across the business and developing deep subject matter expertise of specific business areas as required; reporting on the aggregate financial risk profile across MRS-GM including material risk exposures / position against risk appetite, effectiveness of associated control environment and material incidents; supporting ORSA report production process. Review and challenge of validation of MRSL's internal capital model, including risk quantification and aggregation, using established techniques and methodologies. Member and/or attendee of governance, management bodies, and committees, as appropriate and in support of the Head of ERM. Escalating high priority issues or key risks to the Head of ERM, as appropriate. Present and report on a holistic view of Financial Risks and controls to the Risk Committee and the Board. Deputise for the Head of ERM as a contact to the FCA, Lloyd's, Munich Re Group, and other parties regarding Risk Management issues, as appropriate. Knowledge and Skills Offers strong capital modelling experience and/or internal model validation experience. Extensive experience working in the Non-life/ General insurance industry, with Lloyd's and/or London market. Excellent report writing skills, experience of preparing reports and presentations for Senior management / Committee or Board review. Ability to tactfully and appropriately question and challenge the business at all levels (including Senior Management and Directors) and present considered and balanced risk opinions, findings, and recommendations. Has knowledge of Solvency II, is familiar with Lloyd's and Bank of England requirements. Quantitative university degree. Ideally a qualified actuary (FIA) from UK or other recognized body/country. If you are excited about this role but your experience does not align perfectly with everything outlined, or you don't meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
Feb 18, 2025
Full time
At Munich Re Specialty - Global Markets (MRS-GM), it is our ambition to become the leading Primary Specialty Insurance provider, underpinned by an effective and adaptable strategy, superior products, and industry leaders working in a supportive environment to achieve this. At the heart of our success is a strong culture where people are encouraged to be present, bold, and curious, allowing them to achieve their individual goals. Head of Financial Risk We are currently looking for a Head of Financial Risk to be based in London on a full-time basis, reporting into the Head of Enterprise Risk Management. This individual will drive good industry practices in terms of identification, assessment, and management of financial risks and controls across Munich Re Specialty-Global Markets (MRS-GM) (including insurance, credit, capital, market, climate, and liquidity risk), in support of the Head of ERM, alongside the Head of Non-Financial Risk. Lead the independent validation process for the Munich Re Syndicate Limited (MRSL) Solvency II Internal Model, and confirm compliance with regulatory requirements (Solvency II and Lloyd's) in relation to the Internal Model. Responsibilities: Lead the implementation and embedding of the Financial Risk framework setting out MRS-GM approach to identification, assessment, and management of financial risks and controls in alignment with the MRS-GM enterprise risk management (ERM) framework, strategic objectives, Group, and regulatory requirements. For all MRS-GM businesses, ensure financial risk exposures and associated controls are appropriately monitored and reported on for the required management and legal entity governing bodies to ensure strong business support on key decisions, the appropriate identification and management of key and emerging risks, and compliance with Munich Re, PRA, FCA, and Lloyd's requirements. This includes: providing effective and timely risk management support, challenge, and opinions to the business including on strategic developments, change initiatives, and new products; supporting the development, implementation, and embedding of appropriate risk appetite and other metrics; supporting emerging risk assessments and scenario analysis activities; actively promoting close and harmonious working relationships across the business and developing deep subject matter expertise of specific business areas as required; reporting on the aggregate financial risk profile across MRS-GM including material risk exposures / position against risk appetite, effectiveness of associated control environment and material incidents; supporting ORSA report production process. Review and challenge of validation of MRSL's internal capital model, including risk quantification and aggregation, using established techniques and methodologies. Member and/or attendee of governance, management bodies, and committees, as appropriate and in support of the Head of ERM. Escalating high priority issues or key risks to the Head of ERM, as appropriate. Present and report on a holistic view of Financial Risks and controls to the Risk Committee and the Board. Deputise for the Head of ERM as a contact to the FCA, Lloyd's, Munich Re Group, and other parties regarding Risk Management issues, as appropriate. Knowledge and Skills Offers strong capital modelling experience and/or internal model validation experience. Extensive experience working in the Non-life/ General insurance industry, with Lloyd's and/or London market. Excellent report writing skills, experience of preparing reports and presentations for Senior management / Committee or Board review. Ability to tactfully and appropriately question and challenge the business at all levels (including Senior Management and Directors) and present considered and balanced risk opinions, findings, and recommendations. Has knowledge of Solvency II, is familiar with Lloyd's and Bank of England requirements. Quantitative university degree. Ideally a qualified actuary (FIA) from UK or other recognized body/country. If you are excited about this role but your experience does not align perfectly with everything outlined, or you don't meet every requirement, we encourage you to apply anyway. You might just be the candidate we are looking for!
Reserving Actuary
American International Group
Join us as a Reserving Actuary to take your career to the next level with an international market leader. This is a fantastic role for a part qualified or nearly qualified actuary who wants to progress their career. You will be on the front line and will get exposure to a broad range of senior stakeholders across the business, including the Chief Actuaries and Underwriters, and you will have the opportunity to get involved in some interesting global transformation projects. The insights you derive from reserving will drive underwriting strategy and you will have the opportunity to make a real impact on the business. Make your mark in Actuarial Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG's major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk. How you will make an impact The role involves leading the regulatory reporting activities for AIG UK and AIG Europe, in addition to overseeing the production of reserving analyses for Lex-London and other key actuarial analyses. Some of the key responsibilities include: Oversee the production of the Solvency II technical provisions and associated Pillar III returns. Lead the annual Detailed Valuation Review ("DVR") of the underlying SII assumptions (e.g. ENIDs, expenses, cashflow patterns, FMAs etc.) and communicating results to actuarial and non-actuarial stakeholders. Manage the review process with UK & EMEA Chief Actuaries and other key stakeholders. Maintain and develop key templates required for the capital model calibration process. Assist with queries and requests from the Prudential Regulation Authority ("PRA") and Commissariat aux Assurances ("CAA"). Act as the actuarial business partner for Lex-London portfolio, involving the production of reserving results and analytics to be presented to key stakeholders, including significant exposure to Senior Underwriting Management. Perform reserve analyses and peer reviews for US domiciled business across all Product Lines. Lead the actuarial reserve review for Periodic Payment Orders ("PPOs"), providing recommendations on ultimate reserves positions, IBNR and reserves uncertainty. Produce quarterly cashflow analytics used for investment management and business planning. Manage and develop junior actuarial staff. What you'll need to succeed: BS in Actuarial Science, Mathematics, Statistics, or related field Significant experience in Reserving and calculation of the Solvency II technical provisions Proven proficiency in actuarial concepts/methodologies Strong analytical and problem-solving skills Strong business and collaboration skills; responsive to service needs and operational demands Expertise in Excel, Access, VBA, SQL, or other programming languages Excellent communication, presentation, and interpersonal skills Enjoy benefits that take care of what matters At AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security-as well as your professional development-to bring peace of mind to you and your family. Reimagining insurance to make a bigger difference to the world American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become. Welcome to a culture of belonging We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations. AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to .
Feb 18, 2025
Full time
Join us as a Reserving Actuary to take your career to the next level with an international market leader. This is a fantastic role for a part qualified or nearly qualified actuary who wants to progress their career. You will be on the front line and will get exposure to a broad range of senior stakeholders across the business, including the Chief Actuaries and Underwriters, and you will have the opportunity to get involved in some interesting global transformation projects. The insights you derive from reserving will drive underwriting strategy and you will have the opportunity to make a real impact on the business. Make your mark in Actuarial Our Actuaries are on the front lines, quantifying risk, pricing insurance and reserving losses for AIG's major insurance operating companies, globally. We collaborate with Finance, Claims, Operations, Marketing and Risk Management, among other functions. As an AIG actuary, you will be challenged and encouraged to reach your greatest potential to help improve how we predict, manage and mitigate risk. How you will make an impact The role involves leading the regulatory reporting activities for AIG UK and AIG Europe, in addition to overseeing the production of reserving analyses for Lex-London and other key actuarial analyses. Some of the key responsibilities include: Oversee the production of the Solvency II technical provisions and associated Pillar III returns. Lead the annual Detailed Valuation Review ("DVR") of the underlying SII assumptions (e.g. ENIDs, expenses, cashflow patterns, FMAs etc.) and communicating results to actuarial and non-actuarial stakeholders. Manage the review process with UK & EMEA Chief Actuaries and other key stakeholders. Maintain and develop key templates required for the capital model calibration process. Assist with queries and requests from the Prudential Regulation Authority ("PRA") and Commissariat aux Assurances ("CAA"). Act as the actuarial business partner for Lex-London portfolio, involving the production of reserving results and analytics to be presented to key stakeholders, including significant exposure to Senior Underwriting Management. Perform reserve analyses and peer reviews for US domiciled business across all Product Lines. Lead the actuarial reserve review for Periodic Payment Orders ("PPOs"), providing recommendations on ultimate reserves positions, IBNR and reserves uncertainty. Produce quarterly cashflow analytics used for investment management and business planning. Manage and develop junior actuarial staff. What you'll need to succeed: BS in Actuarial Science, Mathematics, Statistics, or related field Significant experience in Reserving and calculation of the Solvency II technical provisions Proven proficiency in actuarial concepts/methodologies Strong analytical and problem-solving skills Strong business and collaboration skills; responsive to service needs and operational demands Expertise in Excel, Access, VBA, SQL, or other programming languages Excellent communication, presentation, and interpersonal skills Enjoy benefits that take care of what matters At AIG, our people are our greatest asset. We know how important it is to protect and invest in what's most important to you. That is why we created our Total Rewards Program, a comprehensive benefits package that extends beyond time spent at work to offer benefits focused on your health, wellbeing and financial security-as well as your professional development-to bring peace of mind to you and your family. Reimagining insurance to make a bigger difference to the world American International Group, Inc. (AIG) is a global leader in commercial and personal insurance solutions; we are one of the world's most far-reaching property casualty networks. It is an exciting time to join us - across our operations, we are thinking in new and innovative ways to deliver ever-better solutions to our customers. At AIG, you can go further to support individuals, businesses, and communities, helping them to manage risk, respond to times of uncertainty and discover new potential. We invest in our largest asset, our people, through continuous learning and development, in a culture that celebrates everyone for who they are and what they want to become. Welcome to a culture of belonging We're committed to creating a culture that truly respects and celebrates each other's talents, backgrounds, cultures, opinions and goals. We foster a culture of inclusion and belonging through our flexible work arrangements, diversity and inclusion learning, cultural awareness activities and Employee Resource Groups (ERGs). With global chapters, ERGs are a cornerstone for our culture of inclusion. The diversity of our people is one of AIG's greatest assets, and we are honored that our drive for positive change has been recognized by numerous recent awards and accreditations. AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities. If you believe you need a reasonable accommodation, please send an email to .
Senior Consultant, Pensions, Actuarial
WeAreTechWomen
At EY, you'll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we're counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. Senior Consultant - Pensions Consulting EY is accelerating the growth of our Pensions Consulting team and are looking for self-starting, diligent individuals from a consultancy or accounting firm who can contribute to our growth plans and who wish to be part of a successful business with a strong, established brand. We offer our clients expert-led advice wherever pension risk touches their business and our team work within a multi-disciplinary environment across a number of specialist areas, including providing funding and risk management advice for corporates, and advising on buy- and sell-side corporate transactions and assisting asset managers/insurers. The opportunity We are now looking to grow our consulting business. In order to achieve this growth, we are looking for quality individuals with core pensions knowledge and who have demonstrable experience of working with and building trusted relationships including CFOs of corporate sponsors, pension managers, trustees and pension providers. We are seeking individuals with expertise in the following areas: Corporate pensions strategy Pension end-game solutions Pension risk transfer transactions Data and analytics Leveraging corporate and pension scheme data for value Pension fund operational and governance excellence ESG issues for pension funds Addressing pension aspects of corporate M&A Fiduciary management advisory Your Key Responsibilities Providing support to the senior management team with marketing initiatives Building effective relationships in the market and within the EY network Preparation of numerical and written advice, as well as liaising directly with clients Management of client projects within agreed scope and budget with minimal supervision from senior management Leading client project teams and delegating work effectively Providing pensions expertise / opinions whilst working in larger cross service line projects Helping develop team members through mentoring, feedback and training Maintaining our very high professional standards To qualify for the role you must have: Strong oral and written communication skills Consulting experience and enjoy building trusted client relationships Be comfortable with complexity and ambiguity and recognises the world is changing and will continue to change Be a self-starter, with can-do attitude and energy who is willing to try new things Demonstrate initiative and creativity Be outgoing and personable Enjoy working with people from range of backgrounds and disciplines Have knowledge of the UK pensions environment but do not need to be an actuary Have good commercial awareness Proven track record of delivering high quality work in appropriate timescales Project management skills What we offer We offer a competitive remuneration package where you'll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer: Continuous learning: You'll develop the mindset and skills to navigate whatever comes next. Success as defined by you: We'll provide the tools and flexibility, so you can make a meaningful impact, your way. Transformative leadership: We'll give you the insights, coaching and confidence to be the leader the world needs. Diverse and inclusive culture: You'll be embraced for who you are and empowered to use your voice to help others find theirs. If you can demonstrate that you meet the criteria above, please contact us as soon as possible. The exceptional EY experience. It's yours to build. Apply now. EY Building a better working world EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
Feb 18, 2025
Full time
At EY, you'll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we're counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. Senior Consultant - Pensions Consulting EY is accelerating the growth of our Pensions Consulting team and are looking for self-starting, diligent individuals from a consultancy or accounting firm who can contribute to our growth plans and who wish to be part of a successful business with a strong, established brand. We offer our clients expert-led advice wherever pension risk touches their business and our team work within a multi-disciplinary environment across a number of specialist areas, including providing funding and risk management advice for corporates, and advising on buy- and sell-side corporate transactions and assisting asset managers/insurers. The opportunity We are now looking to grow our consulting business. In order to achieve this growth, we are looking for quality individuals with core pensions knowledge and who have demonstrable experience of working with and building trusted relationships including CFOs of corporate sponsors, pension managers, trustees and pension providers. We are seeking individuals with expertise in the following areas: Corporate pensions strategy Pension end-game solutions Pension risk transfer transactions Data and analytics Leveraging corporate and pension scheme data for value Pension fund operational and governance excellence ESG issues for pension funds Addressing pension aspects of corporate M&A Fiduciary management advisory Your Key Responsibilities Providing support to the senior management team with marketing initiatives Building effective relationships in the market and within the EY network Preparation of numerical and written advice, as well as liaising directly with clients Management of client projects within agreed scope and budget with minimal supervision from senior management Leading client project teams and delegating work effectively Providing pensions expertise / opinions whilst working in larger cross service line projects Helping develop team members through mentoring, feedback and training Maintaining our very high professional standards To qualify for the role you must have: Strong oral and written communication skills Consulting experience and enjoy building trusted client relationships Be comfortable with complexity and ambiguity and recognises the world is changing and will continue to change Be a self-starter, with can-do attitude and energy who is willing to try new things Demonstrate initiative and creativity Be outgoing and personable Enjoy working with people from range of backgrounds and disciplines Have knowledge of the UK pensions environment but do not need to be an actuary Have good commercial awareness Proven track record of delivering high quality work in appropriate timescales Project management skills What we offer We offer a competitive remuneration package where you'll be rewarded for your individual and team performance. Our comprehensive Total Rewards package includes support for flexible working and career development, and with FlexEY you can select benefits that suit your needs, covering holidays, health and well-being, insurance, savings and a wide range of discounts, offers and promotions. Plus, we offer: Continuous learning: You'll develop the mindset and skills to navigate whatever comes next. Success as defined by you: We'll provide the tools and flexibility, so you can make a meaningful impact, your way. Transformative leadership: We'll give you the insights, coaching and confidence to be the leader the world needs. Diverse and inclusive culture: You'll be embraced for who you are and empowered to use your voice to help others find theirs. If you can demonstrate that you meet the criteria above, please contact us as soon as possible. The exceptional EY experience. It's yours to build. Apply now. EY Building a better working world EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets. Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate. Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.
The Emerald Group
Principal Algorithmic Pricing Actuary - 27655
The Emerald Group
As Principal Algorithmic Pricing Actuary, you would join the Algorithmic Underwriting team, working at the intersection of underwriting and algorithm development. Your role will ensure the development, calibration, and monitoring of actuarial pricing models. Location: London Category: Non-life Actuarial Type: Permanent Key Responsibilities: End-to-end ownership of the company's digital pricing and underwriting governance capabilities. Optimisation of model infrastructure to develop, deploy, monitor, and manage models at scale. Development of automated validation and stress testing capabilities for the company's pricing models. Engage with other functions (e.g., Portfolio Underwriting, Product Engineering, Data Science). Input into the validation of Machine Learning model development and other risk assessment considerations. Minimum Requirements: Senior Qualified actuary (with significant post-qualification experience) or equivalent Qualified-by-Experience. Highly numerate and analytical. Experience with predictive modelling approaches and good software development practices. Experience working on data and modelling processes to support digital underwriting and portfolio management activities (e.g., mix, aggregation, catastrophe modelling). Familiarity with Machine Learning product design.
Feb 18, 2025
Full time
As Principal Algorithmic Pricing Actuary, you would join the Algorithmic Underwriting team, working at the intersection of underwriting and algorithm development. Your role will ensure the development, calibration, and monitoring of actuarial pricing models. Location: London Category: Non-life Actuarial Type: Permanent Key Responsibilities: End-to-end ownership of the company's digital pricing and underwriting governance capabilities. Optimisation of model infrastructure to develop, deploy, monitor, and manage models at scale. Development of automated validation and stress testing capabilities for the company's pricing models. Engage with other functions (e.g., Portfolio Underwriting, Product Engineering, Data Science). Input into the validation of Machine Learning model development and other risk assessment considerations. Minimum Requirements: Senior Qualified actuary (with significant post-qualification experience) or equivalent Qualified-by-Experience. Highly numerate and analytical. Experience with predictive modelling approaches and good software development practices. Experience working on data and modelling processes to support digital underwriting and portfolio management activities (e.g., mix, aggregation, catastrophe modelling). Familiarity with Machine Learning product design.
Senior Catastrophe and Climate Analyst
Flood Re Limited
In supporting the Head of Catastrophe and Climate, the candidate will show a willingness to either learn or increase their knowledge of the hydrological system within the UK context. As a business, it is important for Flood Re to demonstrate an understanding of how weather and climate may alter the hydrological balance and thus feed through into increased risk for the business. The main focus of this job will be quantifying the risk posed by extreme weather events through the production of outputs from the internal catastrophe risk modelling process. The job holder will also be encouraged to question and suggest improvements to the running of the catastrophe modelling process, as well as contribute to the validation of catastrophe risk models every three years, keeping up with market trends in the interim period and suggesting updates to the current processes. Key Responsibilities To run the quarterly catastrophe risk modelling process within Flood Re. To contribute to the continuous development of standard charts and metrics describing the risks posed to the Flood Re book. To contribute to documentation describing the validation of the catastrophe risk models used by Flood Re that will be used in order to meet our Solvency II requirements. To present on interesting topics within the field of the catastrophe risk modelling internally to the team at Flood Re. To present risk model metrics to the business in committees and meetings, advising on the changing nature of risk to the Flood Re portfolio over time. Ad-hoc tasks and pieces of analysis in order to support the head of catastrophe risk modelling and the chief actuary in order to further the Flood Re objective of transitioning out of the market in 2039. To question standard techniques and ways of thinking about problems that may subject the business to unnecessary risks. To represent Flood Re at external conferences and workshops. To help develop and promote strong working relationships between model vendors and the catastrophe and climate function at Flood Re. To ensure that the necessary quality control procedures are considered and adhered to in all work coming out of the catastrophe and climate department. To assist in analysing and interpreting UK Flood Risk across the entire market. To assist the Head of Catastrophe and Climate in support of the Chief Actuary by the production of materials as and when required by the business. Knowledge and Experience A background in catastrophe risk with experience of using at least one model vendor would be beneficial (e.g., RMS, JBA, AIR/Verisk, Fathom, Ambiental). A degree in either mathematics, geography, geophysics, hydrology, meteorology, or similar. Candidates without a degree but able to demonstrate degree-level quantitative skills and equivalent relevant experience in the field of natural hazards will also be considered. An interest in science. Some knowledge of one of the following languages: Python, R, or SQL. Experience of taking part in catastrophe risk model validation exercises. Familiarity with manipulating and organising data in Excel spreadsheets. Strong organisational skills. Experience of working with a wide variety of stakeholders. Flood Re is a world first - a collaboration between government and the insurance industry that makes flood cover in household insurance policies more affordable. You'll be joining a team of talented individuals from a variety of backgrounds, working to deliver an increasingly important social purpose. Find out more about our rewarding roles, supportive culture, and comprehensive package here.
Feb 17, 2025
Full time
In supporting the Head of Catastrophe and Climate, the candidate will show a willingness to either learn or increase their knowledge of the hydrological system within the UK context. As a business, it is important for Flood Re to demonstrate an understanding of how weather and climate may alter the hydrological balance and thus feed through into increased risk for the business. The main focus of this job will be quantifying the risk posed by extreme weather events through the production of outputs from the internal catastrophe risk modelling process. The job holder will also be encouraged to question and suggest improvements to the running of the catastrophe modelling process, as well as contribute to the validation of catastrophe risk models every three years, keeping up with market trends in the interim period and suggesting updates to the current processes. Key Responsibilities To run the quarterly catastrophe risk modelling process within Flood Re. To contribute to the continuous development of standard charts and metrics describing the risks posed to the Flood Re book. To contribute to documentation describing the validation of the catastrophe risk models used by Flood Re that will be used in order to meet our Solvency II requirements. To present on interesting topics within the field of the catastrophe risk modelling internally to the team at Flood Re. To present risk model metrics to the business in committees and meetings, advising on the changing nature of risk to the Flood Re portfolio over time. Ad-hoc tasks and pieces of analysis in order to support the head of catastrophe risk modelling and the chief actuary in order to further the Flood Re objective of transitioning out of the market in 2039. To question standard techniques and ways of thinking about problems that may subject the business to unnecessary risks. To represent Flood Re at external conferences and workshops. To help develop and promote strong working relationships between model vendors and the catastrophe and climate function at Flood Re. To ensure that the necessary quality control procedures are considered and adhered to in all work coming out of the catastrophe and climate department. To assist in analysing and interpreting UK Flood Risk across the entire market. To assist the Head of Catastrophe and Climate in support of the Chief Actuary by the production of materials as and when required by the business. Knowledge and Experience A background in catastrophe risk with experience of using at least one model vendor would be beneficial (e.g., RMS, JBA, AIR/Verisk, Fathom, Ambiental). A degree in either mathematics, geography, geophysics, hydrology, meteorology, or similar. Candidates without a degree but able to demonstrate degree-level quantitative skills and equivalent relevant experience in the field of natural hazards will also be considered. An interest in science. Some knowledge of one of the following languages: Python, R, or SQL. Experience of taking part in catastrophe risk model validation exercises. Familiarity with manipulating and organising data in Excel spreadsheets. Strong organisational skills. Experience of working with a wide variety of stakeholders. Flood Re is a world first - a collaboration between government and the insurance industry that makes flood cover in household insurance policies more affordable. You'll be joining a team of talented individuals from a variety of backgrounds, working to deliver an increasingly important social purpose. Find out more about our rewarding roles, supportive culture, and comprehensive package here.
Salaried Partner - Non Life Actuarial
Ernst & Young Advisory Services Sdn Bhd Bristol, Gloucestershire
Salaried Partner, Non-Life Actuarial - Retail and UK Commercial London or Bristol The EY UK Financial Services Non-Life Actuarial team has a track record of delivering market leading insights and value to our clients. Over the past 12 months, we have grown the UK retail (and UK commercial) part of our business through new audit wins and supporting clients in transforming their business in areas such as legal entity restructuring, replatforming and developing new pricing tools, mergers & acquisitions, market entry and reserving transformation. We are looking for an experienced Actuary who can lead and grow further our retail (and UK commercial) business, looking to build on our successes. Our UK actuarial practice is a large team with a strong and exciting growth trajectory: Our actuarial team is the heartbeat of the EY Insurance team and key to unlocking new opportunities for the retail sector - there are opportunities to work alongside other Insurance professionals with different backgrounds to support all client needs. Growing retail is a core part of our overall strategy to build on the significant investment from the EY firm to support UK retail. With support from UK leadership, we have plans to grow our footprint further in this space over the coming years. Our Motor and Household Insurance Seminars provide insights and are noted by the Retail market as a differentiator and regularly discussed by our clients' C-suites and investors. There are significant opportunities to grow the portfolio linked to pricing, actuarial transformation, claims and wider analytics. EY have a market leading transformation practice in Retail insurance and the actuarial team play an integral role in supporting this practice. We have also onboarded new Retail clients through audit transitions, which gives us access to market insights / key individuals at clients to build relationships and leverage our knowledge to consulting clients. This growth is supported by a mature portfolio of annuity reserving / Audit revenue from the wider Non-Life Actuarial team. We place a great focus on our people and offer a great opportunity to learn and develop in a collaborative environment. At EY, you'll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we're counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. The opportunity The opportunity is to lead the Retail Actuarial team within EY, working closely with the UK Actuarial Partner group and Insurance community within EY. Retail has been a growth area of our business with the onboarding of a number of key audits and consulting engagements. We are looking for a leader who can consolidate and build on this growth in the coming years within the Consulting. This role offers exceptional opportunities for personal growth and advancement, to develop your wider business knowledge, and to build internal and external relationships across disciplines and across borders. Our wider actuarial team has a strong reputation in the market for bringing bespoke offerings to our clients which recognise the uniqueness of our clients' portfolios and needs. We have capabilities broader than the conventional actuarial fields of traditional reserving, capital, pricing and modelling: we also operate as part of wider consultancy projects embracing strategy, risk management, analytics, stochastic reserving, economic capital, capital optimisation, Solvency II and UK, and IFRS 17 and other prudential regime changes. We are at the forefront of these areas, with best in class tools and knowledge, built up over several years. Our business model ensures that: Our team and our people have autonomy to lead the direction of the business and win the right opportunities; We leverage the synergies of being part of broader European and Global actuarial teams; We enjoy the advantages of being part of a "Big 4 firm" with multi-service-line offerings; and Our people enjoy the benefits of being able to participate in a wide variety of actuarial and insurance work; combining audit, audit-related and non-audit projects with a global client reach. Your key responsibilities Elevate EY's Retail brand with our clients through a combination of Thought Leadership and external events. Business development; including the development of long-term trusted advisor relationships with our clients across the C-suite (CEO, CFO, CRO, and Chief Actuary). You will develop meaningful propositions around the biggest challenges in the market, lead pursuits and RFP responses. Lead large and complex engagements including audits from strategy to execution, whilst providing insights to our clients and working with other EY teams. Effectively leverage your knowledge and experience to support the delivery of key Actuarial projects, nurture valuable relationships both within EY and with clients, and develop strong capabilities through both formal training and working with senior mentors and talented colleagues. Build and lead high performing teams, coaching, mentoring and serving as a role model for our people, and supporting and fostering a positive learning culture. Contribute to the running of the Actuarial team, input into strategy and lead key initiatives. Support and lead team operations to ensure team development; feedback, strategy, counselling, finance, and recruitment. Skills and attributes for success We are looking for people with a track record of developing and delivering new business opportunities within a consulting environment. Candidates should have: Deep knowledge of the UK retail sector. Technical and Industry Expertise - Understanding of the current market and regulatory environment and how this is affecting General Insurance companies and their operating model. Strong client management skills to lead the dialogue with client project sponsors and fully manage expectations of delivery, content, timescales and cost. The ability to build and manage close clients relationships. The ability to identify and mitigate risks on engagements. Drive and enthusiasm to lead combined with a desire to collaborate, whilst making your presence felt within our collegiate team. Development of ideas - Play your part in the development of intellectual property to support sales-oriented client interaction. People - Develop people through effectively supervising, coaching, and mentoring. To qualify for the role you must have some or all of the following: Significant actuarial experience in leading-edge UK retail insurance (e.g. motor, household and/or other retail), gained through working for an insurer directly or a top tier consultancy or a specialist financial services consultancy. Strong academic record including a degree and professional actuarial qualifications (IFoA or similar). Have deep experience covering at least three of the following areas: Reserve reviews under different accounting bases for retail general insurance business; Actuarial analysis to support audits; Reserving process improvement and development work; Pricing - model development, review of segmentation and profitability, or process improvement; Development or review of Solvency II technical provisions and associated processes; The business planning process, linking reserving, pricing, claims and underwriting, or The review of Solvency II internal models and associated processes Excellent leadership and interpersonal skills with demonstrable experience of building high performing teams and nurturing talent. Awareness of the emerging technology trends within the actuarial space. Exceptional communication, presentation, business writing and professional skills, including being able to liaise with both technical and business contacts at our clients. Ability to successfully deliver multiple engagements, exceed client expectations, manage commercial aspects (e.g. contracts, billing and budgets), and manage quality and risk. Ability to engage with senior stakeholders and manage large cross functional projects. Intellectual strength / flexibility to rapidly understand complex problems and rationalise these into workable solutions which can then be delivered. Be a problem solver; tailoring what you have learnt from your experiences to date to different client problems to help design and implement the solution. What we look for We are looking for highly motivated individuals who are passionate about retail business, can apply actuarial approaches through a commercial lens and are excited to assist clients to solve difficult business problems to improve the way they operate. You'll thrive on being a numerate, rationale thinker with a passion for this field and have very strong attention to detail. You will have a passion for developing talent and take pride in the successes of your team. If you think you can meet the challenges of a focused consulting organisation, understand how to grow and lead in a large practice and work in the multi-skilled teams, we look forward to hearing from you. What we offer . click apply for full job details
Feb 16, 2025
Full time
Salaried Partner, Non-Life Actuarial - Retail and UK Commercial London or Bristol The EY UK Financial Services Non-Life Actuarial team has a track record of delivering market leading insights and value to our clients. Over the past 12 months, we have grown the UK retail (and UK commercial) part of our business through new audit wins and supporting clients in transforming their business in areas such as legal entity restructuring, replatforming and developing new pricing tools, mergers & acquisitions, market entry and reserving transformation. We are looking for an experienced Actuary who can lead and grow further our retail (and UK commercial) business, looking to build on our successes. Our UK actuarial practice is a large team with a strong and exciting growth trajectory: Our actuarial team is the heartbeat of the EY Insurance team and key to unlocking new opportunities for the retail sector - there are opportunities to work alongside other Insurance professionals with different backgrounds to support all client needs. Growing retail is a core part of our overall strategy to build on the significant investment from the EY firm to support UK retail. With support from UK leadership, we have plans to grow our footprint further in this space over the coming years. Our Motor and Household Insurance Seminars provide insights and are noted by the Retail market as a differentiator and regularly discussed by our clients' C-suites and investors. There are significant opportunities to grow the portfolio linked to pricing, actuarial transformation, claims and wider analytics. EY have a market leading transformation practice in Retail insurance and the actuarial team play an integral role in supporting this practice. We have also onboarded new Retail clients through audit transitions, which gives us access to market insights / key individuals at clients to build relationships and leverage our knowledge to consulting clients. This growth is supported by a mature portfolio of annuity reserving / Audit revenue from the wider Non-Life Actuarial team. We place a great focus on our people and offer a great opportunity to learn and develop in a collaborative environment. At EY, you'll have the chance to build a career as unique as you are, with the global scale, support, inclusive culture and technology to become the best version of you. And we're counting on your unique voice and perspective to help EY become even better, too. Join us and build an exceptional experience for yourself, and a better working world for all. The opportunity The opportunity is to lead the Retail Actuarial team within EY, working closely with the UK Actuarial Partner group and Insurance community within EY. Retail has been a growth area of our business with the onboarding of a number of key audits and consulting engagements. We are looking for a leader who can consolidate and build on this growth in the coming years within the Consulting. This role offers exceptional opportunities for personal growth and advancement, to develop your wider business knowledge, and to build internal and external relationships across disciplines and across borders. Our wider actuarial team has a strong reputation in the market for bringing bespoke offerings to our clients which recognise the uniqueness of our clients' portfolios and needs. We have capabilities broader than the conventional actuarial fields of traditional reserving, capital, pricing and modelling: we also operate as part of wider consultancy projects embracing strategy, risk management, analytics, stochastic reserving, economic capital, capital optimisation, Solvency II and UK, and IFRS 17 and other prudential regime changes. We are at the forefront of these areas, with best in class tools and knowledge, built up over several years. Our business model ensures that: Our team and our people have autonomy to lead the direction of the business and win the right opportunities; We leverage the synergies of being part of broader European and Global actuarial teams; We enjoy the advantages of being part of a "Big 4 firm" with multi-service-line offerings; and Our people enjoy the benefits of being able to participate in a wide variety of actuarial and insurance work; combining audit, audit-related and non-audit projects with a global client reach. Your key responsibilities Elevate EY's Retail brand with our clients through a combination of Thought Leadership and external events. Business development; including the development of long-term trusted advisor relationships with our clients across the C-suite (CEO, CFO, CRO, and Chief Actuary). You will develop meaningful propositions around the biggest challenges in the market, lead pursuits and RFP responses. Lead large and complex engagements including audits from strategy to execution, whilst providing insights to our clients and working with other EY teams. Effectively leverage your knowledge and experience to support the delivery of key Actuarial projects, nurture valuable relationships both within EY and with clients, and develop strong capabilities through both formal training and working with senior mentors and talented colleagues. Build and lead high performing teams, coaching, mentoring and serving as a role model for our people, and supporting and fostering a positive learning culture. Contribute to the running of the Actuarial team, input into strategy and lead key initiatives. Support and lead team operations to ensure team development; feedback, strategy, counselling, finance, and recruitment. Skills and attributes for success We are looking for people with a track record of developing and delivering new business opportunities within a consulting environment. Candidates should have: Deep knowledge of the UK retail sector. Technical and Industry Expertise - Understanding of the current market and regulatory environment and how this is affecting General Insurance companies and their operating model. Strong client management skills to lead the dialogue with client project sponsors and fully manage expectations of delivery, content, timescales and cost. The ability to build and manage close clients relationships. The ability to identify and mitigate risks on engagements. Drive and enthusiasm to lead combined with a desire to collaborate, whilst making your presence felt within our collegiate team. Development of ideas - Play your part in the development of intellectual property to support sales-oriented client interaction. People - Develop people through effectively supervising, coaching, and mentoring. To qualify for the role you must have some or all of the following: Significant actuarial experience in leading-edge UK retail insurance (e.g. motor, household and/or other retail), gained through working for an insurer directly or a top tier consultancy or a specialist financial services consultancy. Strong academic record including a degree and professional actuarial qualifications (IFoA or similar). Have deep experience covering at least three of the following areas: Reserve reviews under different accounting bases for retail general insurance business; Actuarial analysis to support audits; Reserving process improvement and development work; Pricing - model development, review of segmentation and profitability, or process improvement; Development or review of Solvency II technical provisions and associated processes; The business planning process, linking reserving, pricing, claims and underwriting, or The review of Solvency II internal models and associated processes Excellent leadership and interpersonal skills with demonstrable experience of building high performing teams and nurturing talent. Awareness of the emerging technology trends within the actuarial space. Exceptional communication, presentation, business writing and professional skills, including being able to liaise with both technical and business contacts at our clients. Ability to successfully deliver multiple engagements, exceed client expectations, manage commercial aspects (e.g. contracts, billing and budgets), and manage quality and risk. Ability to engage with senior stakeholders and manage large cross functional projects. Intellectual strength / flexibility to rapidly understand complex problems and rationalise these into workable solutions which can then be delivered. Be a problem solver; tailoring what you have learnt from your experiences to date to different client problems to help design and implement the solution. What we look for We are looking for highly motivated individuals who are passionate about retail business, can apply actuarial approaches through a commercial lens and are excited to assist clients to solve difficult business problems to improve the way they operate. You'll thrive on being a numerate, rationale thinker with a passion for this field and have very strong attention to detail. You will have a passion for developing talent and take pride in the successes of your team. If you think you can meet the challenges of a focused consulting organisation, understand how to grow and lead in a large practice and work in the multi-skilled teams, we look forward to hearing from you. What we offer . click apply for full job details
The Emerald Group
FTC - Senior Actuary Risk - 28420
The Emerald Group
Support the Risk & Compliance department in delivering the desired output of a financial risk nature within the UK Division's Risk & Compliance Function. Location: London Type: Fixed Term Key Duties (Including but not limited to): Supporting the Own Risk and Solvency Assessment (ORSA) process and ORSA report (or equivalent) for entities within the UK Division. Design and implementation of Stress and Scenario testing (including reverse stress testing), ensuring appropriate alignment with Company exercises. Reviewing and analysing the results of the forward-looking solvency assessment, stress and scenario testing and the OSNA exercise to identify conclusions and recommendations. Reviewing UK division pricing or underwriting initiatives (e.g., assumptions review, new products, bulk annuity transactions). Experience in the life insurance industry. Good working knowledge of integrated risk and capital management as part of a wider enterprise risk management framework. Deep knowledge and understanding of Solvency II requirements. Experience of second line of defence risk oversight activities.
Feb 15, 2025
Full time
Support the Risk & Compliance department in delivering the desired output of a financial risk nature within the UK Division's Risk & Compliance Function. Location: London Type: Fixed Term Key Duties (Including but not limited to): Supporting the Own Risk and Solvency Assessment (ORSA) process and ORSA report (or equivalent) for entities within the UK Division. Design and implementation of Stress and Scenario testing (including reverse stress testing), ensuring appropriate alignment with Company exercises. Reviewing and analysing the results of the forward-looking solvency assessment, stress and scenario testing and the OSNA exercise to identify conclusions and recommendations. Reviewing UK division pricing or underwriting initiatives (e.g., assumptions review, new products, bulk annuity transactions). Experience in the life insurance industry. Good working knowledge of integrated risk and capital management as part of a wider enterprise risk management framework. Deep knowledge and understanding of Solvency II requirements. Experience of second line of defence risk oversight activities.
Arthur
Senior Reserving Analyst / Reserving Actuary
Arthur
We are working with a global risk carrier who is looking for a nearly / newly qualified reserving actuary to join their team in London. The role reports into the Chief Actuary and will work very closely with the capital, underwriting, and pricing teams, with opportunities to get involved in pricing work. This company prides itself on internal opportunities and offering their employees exposure to multiple areas of the business and has been known to have employees change functions. This is possible due to the small team makeup which gives everyone visibility and the ability to have a clear impact on decision making. The role will cover non-Lloyd's P&C and Specialty products with a focus on direct, but some exposure to reinsurance. The day-to-day will help with the end-to-end reserving process, assist with portfolio analysis, and business planning. The ideal candidate will be nearly / newly qualified with 3+ years of London market reserving experience. Communication is key due to the wide remit and collaborative nature of the role. Apply today to learn more!
Feb 14, 2025
Full time
We are working with a global risk carrier who is looking for a nearly / newly qualified reserving actuary to join their team in London. The role reports into the Chief Actuary and will work very closely with the capital, underwriting, and pricing teams, with opportunities to get involved in pricing work. This company prides itself on internal opportunities and offering their employees exposure to multiple areas of the business and has been known to have employees change functions. This is possible due to the small team makeup which gives everyone visibility and the ability to have a clear impact on decision making. The role will cover non-Lloyd's P&C and Specialty products with a focus on direct, but some exposure to reinsurance. The day-to-day will help with the end-to-end reserving process, assist with portfolio analysis, and business planning. The ideal candidate will be nearly / newly qualified with 3+ years of London market reserving experience. Communication is key due to the wide remit and collaborative nature of the role. Apply today to learn more!
Senior Actuary (Risk team)
Irish Life Group Services Limited
Location: London Duration: 6 months fixed term contract. Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues. Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers. Support the Risk & Compliance department in delivering the desired output of a financial risk nature within the UK Division's Risk & Compliance Function. Contribute to the overall ORSA and take responsibility for workstreams within the wider ORSA Process. Support the Risk & Compliance department in ensuring that the financial risk aspects of the Enterprise Risk Management Framework facilitate effective and appropriate financial risk management across the UK Division. Key Accountabilities Supporting the Own Risk and Solvency Assessment (ORSA) process and ORSA report (or equivalent) for entities within the UK Division. Regular activities include: Design and implementation of Stress and Scenario testing (including reverse stress testing), ensuring appropriate alignment with CLG and Great-West Lifeco exercises. Reviewing and analysing the results of the forward-looking solvency assessment, stress and scenario testing and the OSNA exercise to identify conclusions and recommendations. Leading the drafting of sections within the ORSA Report. Ensuring maintenance of the ORSA Record and Stress & Scenario Testing Standard. Ensuring that the ORSA Policy is adhered to. Following up on management actions resulting from the ORSA process. Support the Head of Risk Oversight - Insurance & Capital and risk Business Partners in providing (financial risk) oversight of the first line: Reviewing UK division pricing or underwriting initiatives (e.g., assumptions review, new products, bulk annuity transactions). Review and oversight of key corporate initiatives (e.g., Finance Transformation, IFRS17, reinsurance, capital optimisation, M&A activity). Review of the business planning process. Ad hoc risk reviews as required. As a key member of the Insurance & Capital Risk Oversight team, maintaining the risk appetite framework for CLL, as part of the wider enterprise risk management framework. Regular activities include: Reviewing the Risk Appetite Framework, including enhancements to coverage and reporting. Setting of Risk Limits, ensuring they are continually aligned with the risk strategy of the business, and appropriately aligned with limits set by CLG and Great-West Lifeco. Reporting of risk exposures and associated Key Risk Indicators relative to risk appetite limits, including appropriate insight and commentary. Drafting the financial risk-related sections of the CRO Report. Co-ordinate with CLG and Great-West Lifeco in order to: Ensure alignment of Risk Appetite Frameworks and Risk Strategy. Monitor and review UK-division driven exposures within CLG and Great-West Lifeco Risk Appetite Frameworks. Adhere to oversight requirements on first line activity. Relationship-building and knowledge sharing. Support the Risk & Compliance department in managing and developing the team in order to optimise team performance. Desired Knowledge / Experience / Skills Experience in the life insurance industry. Good working knowledge of integrated risk and capital management as part of a wider enterprise risk management framework. Deep knowledge and understanding of Solvency II requirements. Experience of second line of defence risk oversight activities. Strong written and verbal communication skills, in particular of complex concepts, which can be tailored for all levels of management. Strong influencing skills, with experience of engaging with senior management in order to get desired outcome. Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders. Proven track record of delivering under tight time pressure. Self-motivated, well-organised, pragmatic and able to perform tasks independently. Benefits of working at Canada Life We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development. How we work at Canada Life Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward. We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That's why we offer a range of training, flexible working and opportunities to grow and develop. Diversity and inclusion Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we're making in DEI, and we continue for it to be a significant focus. "At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all." Nick Harding, Chief People Officer, Canada Life UK We appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.
Feb 14, 2025
Full time
Location: London Duration: 6 months fixed term contract. Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues. Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers. Support the Risk & Compliance department in delivering the desired output of a financial risk nature within the UK Division's Risk & Compliance Function. Contribute to the overall ORSA and take responsibility for workstreams within the wider ORSA Process. Support the Risk & Compliance department in ensuring that the financial risk aspects of the Enterprise Risk Management Framework facilitate effective and appropriate financial risk management across the UK Division. Key Accountabilities Supporting the Own Risk and Solvency Assessment (ORSA) process and ORSA report (or equivalent) for entities within the UK Division. Regular activities include: Design and implementation of Stress and Scenario testing (including reverse stress testing), ensuring appropriate alignment with CLG and Great-West Lifeco exercises. Reviewing and analysing the results of the forward-looking solvency assessment, stress and scenario testing and the OSNA exercise to identify conclusions and recommendations. Leading the drafting of sections within the ORSA Report. Ensuring maintenance of the ORSA Record and Stress & Scenario Testing Standard. Ensuring that the ORSA Policy is adhered to. Following up on management actions resulting from the ORSA process. Support the Head of Risk Oversight - Insurance & Capital and risk Business Partners in providing (financial risk) oversight of the first line: Reviewing UK division pricing or underwriting initiatives (e.g., assumptions review, new products, bulk annuity transactions). Review and oversight of key corporate initiatives (e.g., Finance Transformation, IFRS17, reinsurance, capital optimisation, M&A activity). Review of the business planning process. Ad hoc risk reviews as required. As a key member of the Insurance & Capital Risk Oversight team, maintaining the risk appetite framework for CLL, as part of the wider enterprise risk management framework. Regular activities include: Reviewing the Risk Appetite Framework, including enhancements to coverage and reporting. Setting of Risk Limits, ensuring they are continually aligned with the risk strategy of the business, and appropriately aligned with limits set by CLG and Great-West Lifeco. Reporting of risk exposures and associated Key Risk Indicators relative to risk appetite limits, including appropriate insight and commentary. Drafting the financial risk-related sections of the CRO Report. Co-ordinate with CLG and Great-West Lifeco in order to: Ensure alignment of Risk Appetite Frameworks and Risk Strategy. Monitor and review UK-division driven exposures within CLG and Great-West Lifeco Risk Appetite Frameworks. Adhere to oversight requirements on first line activity. Relationship-building and knowledge sharing. Support the Risk & Compliance department in managing and developing the team in order to optimise team performance. Desired Knowledge / Experience / Skills Experience in the life insurance industry. Good working knowledge of integrated risk and capital management as part of a wider enterprise risk management framework. Deep knowledge and understanding of Solvency II requirements. Experience of second line of defence risk oversight activities. Strong written and verbal communication skills, in particular of complex concepts, which can be tailored for all levels of management. Strong influencing skills, with experience of engaging with senior management in order to get desired outcome. Good interpersonal/networking skills, with the ability to maintain a variety of relationships with multiple stakeholders. Proven track record of delivering under tight time pressure. Self-motivated, well-organised, pragmatic and able to perform tasks independently. Benefits of working at Canada Life We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that's regularly reviewed. As a Canada Life UK colleague, you'll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development. How we work at Canada Life Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward. We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That's why we offer a range of training, flexible working and opportunities to grow and develop. Diversity and inclusion Building an inclusive workplace with a diverse workforce where everyone can feel they belong and achieve their potential regardless of gender, ethnicity or any other characteristic is a key commitment for us. We are proud of the progress we're making in DEI, and we continue for it to be a significant focus. "At Canada Life we believe in the power of great people from different backgrounds, experiences and perspectives coming together to build better futures. Emerging talent is crucial to our growth and creating an environment that continues to inspire us all." Nick Harding, Chief People Officer, Canada Life UK We appreciate that everyone has different work and life responsibilities. We're happy to discuss flexible working arrangements, including part time, for any of our roles should this be a requirement for you.

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