Head of Actuarial Development - (Partial Internal Model) (England)

Head of Actuarial Development – Partial Internal Model

TAG is seeking an experienced actuarial leader with internal model expertise on behalf of our client, a renowned UK life & pensions company.

Their hybrid working model offers the best of both worlds – home working as well as a fun, collaborative office environment – meaning flexible working patterns to accommodate individual needs.

High level overview of role:

• Lead the development of the Partial Internal Model to a successful application ensuring they have an internal model that supports their ambitions as a business.
• Developing the PIM is a key component of the business success, helping to drive the PIM to a successful regulatory approval through motivating the team and developing innovative solutions
• Work closely with the business's senior leaders, building strong partnerships with external consultants and supporting regulatory engagement. Build collaborative relationships across the business to reach a successful outcome.
• Oversee the development of all aspects of the PIM including model development, calibration, validation and systems and processes
• Lead a talented team of actuaries and analysts, fostering an open and transparent culture of excellence and continuous improvement.
• Stay ahead of emerging trends, technical advancements, and evolving regulations to ensure an competitive edge.
• Ensure that the PIM can be delivered by the reporting functions to ensure they have a PIM that provides informative and timely data to support strategic decision making.
• Maintain competence and fitness and propriety standards to the level required by the Company’s regulators.
• Ad hoc tasks as required.
• Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the
• Notify the regulator(s) of matters reasonably expected to be notified.

Key competencies

• Technical actuarial knowledge relevant to the development and delivery of a PIM.
• Ability to develop, draft and edit technical actuarial/PIM documentation.
• Good presentation, communication, delegation, negotiation, conflict management skills.
• Excellent planner and organiser.
• Critical thinking and problem solving skills.
• Facilitator and coach, able to bring the best from a team.
• Influential and able to build productive relationships at all levels.
• Pragmatic, adaptable and flexible.