Modelling Actuary (Life) in London

Modelling Actuary (Life) in London

London Full-Time 70000 - 90000 £ / year (est.) No working from home possible
Akur8 Group.

At a Glance

  • Tasks: Design and maintain actuarial models for Life Insurance, supporting clients and sales teams.
  • Company: Join Akur8, a fast-growing InsurTech redefining insurance pricing with innovative technology.
  • Benefits: Enjoy competitive salary, hybrid work, private medical insurance, and professional development opportunities.
  • Other info: Join a diverse team that values collaboration, learning, and fun activities.
  • Why this job: Be at the forefront of modernising the actuarial profession in a dynamic, tech-driven environment.
  • Qualifications: Qualified actuary with 7+ years experience in European markets and strong modelling skills.

The predicted salary is between 70000 - 90000 £ per year.

Akur8 is a fast-growing InsurTech scale-up on a mission to redefine insurance pricing and reserving through transparent, high-performance modelling technology. With the launch of Akur8 Life, we are bringing that same mission to the Life Insurance market, delivering purpose-built solutions for the unique complexity of life, health, and protection risk.

Our SaaS platform uses transparent machine learning and predictive analytics to improve the speed, accuracy, and reliability of actuarial pricing and reserving, addressing the long‐term liability horizons, mortality and morbidity modelling challenges, and evolving regulatory expectations that define the Life Insurance landscape. Built by experienced actuarial, product, and R&D teams, Akur8's proprietary algorithms enable insurers to generate insights up to 10x faster than traditional methods, while maintaining full explainability and the regulatory confidence that frameworks such as Solvency II and IFRS 17 demand.

As our platform expands into Life Insurance, we provide next‐generation reserving and pricing capabilities, supporting an end‐to‐end approach to risk assessment across the full product lifecycle, from term and whole life to annuities and health covers. We are proud to be an equal opportunities employer, committed to diversity, equity, and inclusion, and we evaluate all candidates fairly based on skills, experience, and professional merit.

Akur8 is seeking a highly motivated, analytical and collaborative Modelling Actuary who, via their technical and entrepreneurial skills, will spearhead the expansion of Akur8's Life & Annuity presence in the UK and Europe. Responsible for designing, building, and maintaining SLOPE actuarial models and reports tailored to the European market, you will run platform demos to prospects, as well as providing ongoing training & support to clients. This role is a great fit for actuaries that are passionate about technology and want to be at the forefront of modernising the actuarial profession in a dynamic environment.

As a newcomer, you'll be joining a diverse, highly skilled and motivated team, with a strong Tech DNA, colleagues that are eager to share their knowledge and passion. We care about strong teamwork and a positive day‐to‐day environment. The team regularly connects through optional activities such as team lunches, sports, karaoke, or occasional after‐work gatherings.

Responsibilities

  • Perform the design, construction, and maintenance of Life models and reports tailored to European markets across a range of Life, Annuity, and Health products.
  • Support sales team as Subject Matter Expert on actuarial topics related to Slope model design and implementation.
  • Run product demos and pilots for prospective clients to demonstrate the capabilities and value of the SLOPE platform.
  • Act as trusted advisor for onboarding, model best practices guidance, issue resolution, and feedback gathering for new and existing customers.
  • Monitor local regulatory updates and translate to requirements for SLOPE models and reports, and highlight market opportunities for Akur8.
  • Fulfill occasional speaking duties at European market focused webcasts and conferences to support marketing efforts.
  • Recommend new platform features for the broader Akur8 Life team to incorporate with the goal of providing a superior customer experience.
  • Assist in other related areas of the business as necessary.

Qualifications

  • Fully qualified actuary or equivalent with 7+ years of relevant actuarial experience across European markets covering IFRS 17, Solvency II, and local equivalents across Life, Health, and Annuity products.
  • Hands‐on experience working with one or more actuarial modelling platforms (Axis, ALFA, etc.).
  • Experience in Valuation, Product Pricing, or Asset/Liability Management work.
  • Strong modelling skillset and interest in technology and tools (e.g. programming, AI, data visualisation, etc.).
  • Experience in automating processes utilising programming scripts, AI, etc. is a plus.
  • Able to clearly communicate the expected benefits and values of the software, as well as to respond to objections from prospective customers in a sales setting.
  • Demonstrated ability to learn quickly (e.g. new software, actuarial concepts, etc.).
  • Entrepreneurial mindset and desire to work in a rapidly growing company.
  • Excellent communication skills and the ability to work on a collaborative team.
  • Exceptional problem‐solving skills and ability to think critically.
  • Detail‐oriented mindset.
  • Fluent English language skills (both written & spoken).
  • French OR Spanish language skills (both written & spoken).

Bonus skills (non‐essential)

  • Experience building dashboard and reports using business intelligence / data visualisation tools such as Sigma, Tableau, or Power BI.
  • Familiarity with SQL and database concepts.

Benefits

  • Competitive salary + annual bonus.
  • Hybrid office/home working policy.
  • Private Medical insurance.
  • Pension Plan.
  • Professional Phone subscription.
  • 25 days of PTO/year.
  • Public transportation reimbursement (75%).
  • Gym membership via ClassPass.
  • IT equipment allowance.
  • Professional development & trainings.
  • Team fun: regular company gatherings and team events.

Modelling Actuary (Life) in London employer: Akur8 Group.

Akur8 is an exceptional employer that champions innovation and collaboration within the InsurTech sector. With a strong focus on employee growth, we offer competitive salaries, a hybrid working model, and comprehensive benefits including private medical insurance and professional development opportunities. Our vibrant work culture encourages teamwork and social engagement, making it an ideal environment for actuaries eager to make a meaningful impact in the Life Insurance market.

Akur8 Group.

Contact Details:

Akur8 Group. Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Modelling Actuary (Life) in London

Tip Number 1

Network like a pro! Reach out to your connections in the industry, attend relevant events, and engage with professionals on platforms like LinkedIn. We can’t stress enough how personal connections can open doors that applications alone can’t.

Tip Number 2

Prepare for those interviews! Research Akur8 thoroughly, understand their mission, and be ready to discuss how your skills align with their goals. We want you to shine, so practice common interview questions and have your own questions ready to show your interest.

Tip Number 3

Showcase your tech-savvy side! Since Akur8 is all about modernising actuarial practices, highlight any experience you have with programming, AI, or data visualisation tools. We love seeing candidates who are passionate about technology and innovation.

Tip Number 4

Don’t forget to follow up! After an interview or networking event, drop a quick thank-you note to express your appreciation. It’s a simple gesture that can leave a lasting impression. And remember, apply through our website for the best chance!

We think you need these skills to ace Modelling Actuary (Life) in London

Actuarial Modelling
IFRS 17
Solvency II
Life Insurance
Health Insurance
Annuity Products
SLOPE Platform

Some tips for your application 🫡

Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Modelling Actuary role. Highlight your experience with actuarial modelling platforms and any relevant projects you've worked on, especially those related to Life, Health, and Annuity products.

Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to express your passion for technology in the actuarial field and how you can contribute to Akur8's mission. Don’t forget to mention your entrepreneurial mindset and collaborative spirit!

Showcase Your Technical Skills:Since this role involves a lot of technical work, be sure to highlight your programming skills and any experience with AI or data visualisation tools. Mention specific projects where you’ve automated processes or improved efficiency.

Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Akur8!

How to prepare for a job interview at Akur8 Group.

Know Your Actuarial Stuff

Make sure you brush up on your knowledge of IFRS 17, Solvency II, and the specific actuarial modelling platforms mentioned in the job description. Be ready to discuss how your experience aligns with these frameworks and how you've applied them in your previous roles.

Show Off Your Tech Savvy

Since Akur8 is all about modernising the actuarial profession with technology, highlight any experience you have with programming, AI, or data visualisation tools. Prepare examples of how you've used these skills to improve processes or outcomes in your past work.

Prepare for Demos and Client Interactions

As you'll be running product demos and acting as a trusted advisor, practice explaining complex actuarial concepts in simple terms. Think of ways to demonstrate the value of the SLOPE platform and prepare for potential questions or objections from clients.

Emphasise Teamwork and Collaboration

Akur8 values a positive team environment, so be ready to share examples of how you've worked effectively in teams. Discuss any collaborative projects you've been part of and how you contributed to a positive team dynamic.