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- Tasks: Join our Actuarial team to lead projects and improve financial management.
- Company: We are a leading UK Life assurer focused on innovative financial solutions.
- Benefits: Enjoy flexible working options, professional development, and a supportive team culture.
- Why this job: Make an impact in a dynamic environment while developing your actuarial skills.
- Qualifications: Part qualified actuary with experience in UK Life assurance preferred.
- Other info: Opportunity to work with senior stakeholders and enhance your career in actuarial science.
The predicted salary is between 36000 - 60000 £ per year.
The purpose of this role is to work as a member of the Actuarial team undertaking a variety of different tasks to enable the department to meet its objectives. To work independently and to lead actuarial trainees to support the following department objectives as agreed by the Actuarial Manager. To lead development of departmental models and processes to improve efficiency or provide additional insight into the financial management of the company.
The responsibilities of the department include:
- Solvency II valuation, including Pillar I, II and III, UK GAAP and IFRS reporting.
- Support financial projection and planning work.
- Management of with-profits business, including recommendations on investment strategy and bonus rates.
- Pricing of annuity business and policy alteration terms.
- Experience Analyses and recommending valuation assumptions.
- Development and maintenance of actuarial models.
- Asset Liability Management.
- Ad hoc tasks as required.
Comply with the FCA's conduct (and senior conduct) and Consumer Duty rules and the PRA's conduct (and senior manager conduct) standards. Notify the regulator(s) of matters reasonably expected to be notified.
Core Competencies
- Knowledge of Solvency II (Pillars I, II and III), UK GAAP and IFRS reporting.
- Detailed knowledge of actuarial modelling systems and/or financial projections.
- Excellent communication skills, with the ability to propose solutions and work independently and with ambiguity.
- Excellent report writing skills, including technical specifications and writing high-level reports for Senior Stakeholders.
- Possess the gravitas to deal with senior stakeholders and project sponsors.
- Positive approach and outlook.
- Presentation skills.
Experience and Qualifications
- Part qualified actuary.
- Experience of working within the Actuarial Function of a UK Life assurer is desirable.
Senior Actuarial Trainee / Analyst employer: Utmost International
Contact Detail:
Utmost International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Trainee / Analyst
✨Tip Number 1
Familiarise yourself with the latest developments in Solvency II regulations and UK GAAP. This knowledge will not only help you stand out during interviews but also demonstrate your commitment to staying updated in the actuarial field.
✨Tip Number 2
Network with professionals already working in the actuarial sector, especially those within UK life assurance. Engaging in conversations can provide insights into the role and may even lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with actuarial modelling systems and financial projections. Be ready to share specific examples of how you've used these skills to improve efficiency or provide insights in previous roles.
✨Tip Number 4
Practice your presentation skills by explaining complex actuarial concepts in simple terms. This will be crucial when dealing with senior stakeholders, as clear communication is key to success in this role.
We think you need these skills to ace Senior Actuarial Trainee / Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of the Senior Actuarial Trainee / Analyst role. Emphasise your knowledge of Solvency II, UK GAAP, and IFRS reporting.
Craft a Strong Cover Letter: Write a compelling cover letter that showcases your passion for actuarial work and your ability to lead projects. Mention specific experiences where you've demonstrated excellent communication and report writing skills.
Highlight Relevant Qualifications: Clearly state your qualifications as a part-qualified actuary and any relevant experience within the Actuarial Function of a UK Life assurer. This will help demonstrate your suitability for the role.
Prepare for Technical Questions: Anticipate technical questions related to actuarial modelling systems and financial projections. Be ready to discuss your approach to problem-solving and how you would handle ambiguity in projects.
How to prepare for a job interview at Utmost International
✨Showcase Your Actuarial Knowledge
Make sure to brush up on your understanding of Solvency II, UK GAAP, and IFRS reporting. Be prepared to discuss how these frameworks apply to the role and provide examples from your experience that demonstrate your knowledge.
✨Demonstrate Leadership Skills
Since the role involves leading actuarial trainees, highlight any previous leadership experiences you have. Share specific instances where you successfully guided a team or project, showcasing your ability to manage and mentor others.
✨Prepare for Technical Questions
Expect technical questions related to actuarial modelling systems and financial projections. Review common methodologies and be ready to explain your thought process in tackling complex problems, as this will show your analytical skills.
✨Communicate Effectively
Strong communication skills are essential for this role. Practice articulating your thoughts clearly and concisely, especially when discussing technical topics. Prepare to present your ideas confidently, as you'll need to engage with senior stakeholders.
