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For Companies At a Glance
- Tasks: Lead the development and validation of life insurance models under Solvency II.
- Company: Join a dynamic life and pensions provider focused on growth and innovation.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional development.
- Why this job: Make an impact by shaping risk models that drive business success and compliance.
- Qualifications: Qualified life actuary with model development experience and strong analytical skills.
- Other info: Collaborate with a passionate team and enhance your career in a supportive environment.
The predicted salary is between 43200 - 72000 £ per year.
Are you a qualified life actuary with experience of model development and validation? Then this is an excellent opportunity to join a growing life and pensions provider where you will play a lead role in the development, validation and maintenance of the partial internal model under Solvency II.
You will be responsible for the design, development, and enhancement of partial internal models that adhere to our client's risk tolerances and are scalable for future growth. You will also conduct rigorous validation and testing of models to ensure accuracy and compliance with regulatory standards.
In addition, you will analyse large datasets to identify trends, patterns, and insights that inform model assumptions and parameters. With good risk management analysis skills and an understanding of risk, the successful candidate will possess good communication skills (written and verbal) coupled with the ability to build relationships.
Life Actuary - Model Development employer: Actuarial Futures
Contact Detail:
Actuarial Futures Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Life Actuary - Model Development
✨Tip Number 1
Network with professionals in the actuarial field, especially those who work in model development. Attend industry conferences or webinars to connect with potential colleagues and learn about the latest trends in Solvency II compliance.
✨Tip Number 2
Familiarise yourself with the specific modelling tools and software commonly used in the life insurance sector. Being proficient in these tools can give you an edge during interviews and demonstrate your readiness for the role.
✨Tip Number 3
Prepare to discuss your previous experience with model validation and testing in detail. Be ready to share specific examples of how you've ensured compliance with regulatory standards and improved model accuracy in past roles.
✨Tip Number 4
Showcase your analytical skills by discussing how you've used data analysis to inform model assumptions. Highlight any projects where your insights led to significant improvements in model performance or risk management.
We think you need these skills to ace Life Actuary - Model Development
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as a life actuary, particularly your experience in model development and validation. Use specific examples that demonstrate your skills in designing and enhancing partial internal models.
Craft a Compelling Cover Letter: Write a cover letter that clearly outlines your relevant experience and how it aligns with the job description. Emphasise your understanding of Solvency II and your ability to conduct rigorous validation and testing of models.
Showcase Analytical Skills: In your application, provide examples of how you have analysed large datasets in the past. Highlight any trends or insights you identified that informed model assumptions and parameters, showcasing your analytical prowess.
Highlight Communication Skills: Since good communication skills are essential for this role, include instances where you successfully built relationships or communicated complex ideas effectively, both in writing and verbally.
How to prepare for a job interview at Actuarial Futures
✨Showcase Your Technical Skills
As a life actuary, it's crucial to demonstrate your expertise in model development and validation. Be prepared to discuss specific models you've worked on, the methodologies you used, and how they align with Solvency II requirements.
✨Prepare for Data Analysis Questions
Expect questions that assess your ability to analyse large datasets. Brush up on your statistical analysis skills and be ready to explain how you've identified trends and patterns in past projects.
✨Emphasise Communication Skills
Since building relationships is key in this role, highlight your communication skills during the interview. Share examples of how you've effectively communicated complex actuarial concepts to non-technical stakeholders.
✨Understand Risk Management Principles
Familiarise yourself with risk management analysis techniques. Be prepared to discuss how you approach risk assessment and how it influences your model development process.
