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For Companies At a Glance
- Tasks: Join the pricing team to create innovative insurance solutions and enhance modelling capabilities.
- Company: Work with Royal London, the UK's largest mutual life insurer, known for its commitment to excellence.
- Benefits: Enjoy a dynamic work environment with opportunities for career growth and development.
- Why this job: This role offers a chance to impact the insurance industry while developing your skills in a supportive culture.
- Qualifications: Ideal candidates should have UK modelling experience and an understanding of life insurance regulations.
- Other info: Perfect for part-qualified actuaries or life actuarial students eager to advance their careers.
The predicted salary is between 30000 - 50000 £ per year.
Are you a part-qualified pensions actuary with UK modelling experience, seeking a move into insurance? Or a life actuarial student wishing to develop your career within the BPA space? Then, this is a significant opportunity for you to join the pricing team of an international firm where you will produce end-to-end pricing for BPAs and other de-risking solutions.
In this exciting and diverse career development role, you will also develop new and enhanced modelling capabilities, including tech solutions across the corporate risk pricing infrastructure. In addition, you will support the pricing development of novel bulk annuity transaction structures, reinsurance solutions, and new product lines.
The ideal candidate will be technically skilled with a commercial mindset, possessing an understanding of Solvency II/UK regulations for life insurance, particularly in balance sheet construction, liability discounting, asset strategy, and ALM. Excellent communication and interpersonal skills are also required.
So, what are you waiting for? Apply now and take the next step in your career.
From pensions to insurance - student actuary opportunity employer: Actuarial Futures
Contact Detail:
Actuarial Futures Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land From pensions to insurance - student actuary opportunity
✨Tip Number 1
Network with professionals in the actuarial field, especially those who have experience in pensions and insurance. Attend industry events or webinars to connect with potential colleagues and learn more about the latest trends in BPA pricing.
✨Tip Number 2
Familiarise yourself with the specific modelling tools and software commonly used in the insurance sector. Highlight any relevant experience you have with these technologies during your conversations with recruiters or at networking events.
✨Tip Number 3
Stay updated on the latest regulations and developments in Solvency II and UK life insurance. Being knowledgeable about these topics will not only boost your confidence but also demonstrate your commitment to the role during discussions.
✨Tip Number 4
Prepare to discuss your understanding of balance sheet construction and liability discounting in detail. Be ready to provide examples of how you've applied these concepts in your previous roles or studies, as this will showcase your technical skills effectively.
We think you need these skills to ace From pensions to insurance - student actuary opportunity
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in pensions and insurance. Emphasise any modelling experience you have, particularly in the UK context, and showcase your understanding of Solvency II regulations.
Craft a Compelling Cover Letter: Write a cover letter that connects your skills and experiences to the specific requirements of the student actuary role. Mention your interest in developing new modelling capabilities and how you can contribute to the pricing team.
Highlight Technical Skills: In your application, clearly outline your technical skills related to actuarial work, including any software or tools you are proficient in. This is crucial for demonstrating your capability to support pricing development and tech solutions.
Showcase Communication Skills: Since excellent communication and interpersonal skills are required, provide examples in your application where you've successfully communicated complex information or collaborated with others in a team setting.
How to prepare for a job interview at Actuarial Futures
✨Understand the Role
Make sure you have a clear understanding of the responsibilities and expectations for the student actuary position. Familiarise yourself with the specifics of pricing for BPAs and other de-risking solutions, as well as the technical skills required.
✨Brush Up on Regulations
Since knowledge of Solvency II and UK regulations is crucial, take some time to review these topics. Be prepared to discuss how they impact balance sheet construction and liability discounting during your interview.
✨Showcase Your Technical Skills
Be ready to demonstrate your technical abilities, especially in modelling and tech solutions. Prepare examples of past projects or experiences where you successfully developed or enhanced modelling capabilities.
✨Communicate Effectively
Strong communication and interpersonal skills are essential for this role. Practice articulating your thoughts clearly and confidently, and be prepared to engage in discussions about your ideas and experiences.
