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- Tasks: Join our Actuarial team to lead model development and financial management tasks.
- Company: We are a leading UK Life assurer focused on innovative financial solutions.
- Benefits: Enjoy flexible working options, professional development opportunities, and a supportive team culture.
- Why this job: Make a real impact in financial management while growing your actuarial skills in a dynamic environment.
- Qualifications: Nearly qualified actuary preferred; experience in UK Life assurance is a plus.
- Other info: Work independently and engage with senior stakeholders to drive meaningful change.
The predicted salary is between 36000 - 60000 £ per year.
Job Details: Senior Actuarial Trainee (near qualified)
Full details of the job.
To work independently as a member of the Actuarial team undertaking a variety of different tasks to enable the department to meet its objectives as agreed by the Actuarial Manager including:
- Lead development of departmental models and processes to improve efficiency or provide additional insight into the financial management of the company.
- Solvency II valuation, including Pillar I, II and III and 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.
- 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:
- Nearly qualified actuary preferred, part qualified considered.
- Experience of working within the Actuarial Function of a UK Life assurer desirable.
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Senior Actuarial Trainee (near qualified) employer: Utmost International
Contact Detail:
Utmost International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Trainee (near qualified)
✨Tip Number 1
Network with professionals in the actuarial field, especially those who are already working at StudySmarter or similar companies. Attend industry events or webinars to make connections and learn more about the company culture and expectations.
✨Tip Number 2
Familiarise yourself with the latest developments in Solvency II regulations and actuarial modelling systems. Being well-versed in these areas will not only boost your confidence but also demonstrate your commitment to staying updated in the field.
✨Tip Number 3
Prepare to discuss your experience with financial projections and asset liability management in detail. Be ready to share specific examples of how you've contributed to similar projects in the past, as this will showcase your practical knowledge and problem-solving skills.
✨Tip Number 4
Practice your presentation skills by explaining complex actuarial concepts to a non-technical audience. This will help you articulate your thoughts clearly during interviews and show that you can communicate effectively with senior stakeholders.
We think you need these skills to ace Senior Actuarial Trainee (near qualified)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial modelling, financial projections, and Solvency II. Use specific examples that demonstrate your skills and achievements in these areas.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your near qualification status and how your background aligns with the responsibilities outlined in the job description.
Showcase Communication Skills: Since excellent communication skills are crucial for this role, include examples of how you've effectively communicated complex actuarial concepts to non-technical stakeholders in your application.
Highlight Relevant Experience: If you have experience working within the Actuarial Function of a UK Life assurer, make sure to detail this in your application. Discuss specific projects or tasks that relate to the job description, such as pricing annuity business or managing with-profits.
How to prepare for a job interview at Utmost International
✨Showcase Your Technical Knowledge
Make sure to brush up on your knowledge of Solvency II and actuarial modelling systems. Be prepared to discuss how you've applied these in previous roles, as this will demonstrate your capability to handle the technical aspects of the job.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to work independently. Think of examples where you've led projects or improved processes, and be ready to explain your thought process and outcomes.
✨Communicate Clearly and Confidently
Since excellent communication skills are crucial for this role, practice articulating your thoughts clearly. Prepare to explain complex actuarial concepts in a way that is understandable to non-specialists, especially senior stakeholders.
✨Demonstrate Your Positive Outlook
A positive approach can set you apart from other candidates. Share examples of how you've maintained a constructive attitude in challenging situations, and express your enthusiasm for contributing to the team and the company's objectives.
