At a Glance
- Tasks: Design and maintain actuarial models for Life Insurance, supporting clients and sales teams.
- Company: Akur8, a fast-growing InsurTech redefining insurance pricing with innovative technology.
- Benefits: Competitive salary, hybrid work, private medical insurance, and 25 days PTO.
- Other info: Enjoy team events, professional development, and a collaborative work environment.
- Why this job: Join a dynamic team at the forefront of modernising the actuarial profession.
- Qualifications: Fully qualified actuary with 7+ years experience in European markets.
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.
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) employer: Akur8 Group.
Akur8 is an exceptional employer that fosters a dynamic and inclusive work culture, perfect for actuaries eager to embrace technology in the Life Insurance sector. With a strong emphasis on teamwork, professional development, and a hybrid working model, employees enjoy competitive salaries, generous benefits, and opportunities to engage in fun team activities, all while contributing to innovative solutions that redefine insurance pricing and reserving.
StudySmarter Expert Advice🤫
We think this is how you could land Modelling Actuary (Life)
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and actuarial fields. Attend industry events or webinars where you can meet potential employers and showcase your passion for technology and modernising the actuarial profession.
✨Tip Number 2
Prepare for those interviews by practising your pitch! Be ready to explain how your experience aligns with Akur8's mission and how you can contribute to their innovative approach in the Life Insurance market. Show them you're not just another candidate, but the one they need!
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview or networking event, drop a quick thank-you email. It shows your enthusiasm and keeps you on their radar. Plus, it’s a great chance to reiterate why you’re the perfect fit for the Modelling Actuary role.
✨Tip Number 4
Utilise our website to apply directly! We love seeing candidates who take the initiative. Make sure your application reflects your technical skills and entrepreneurial mindset, as these are key for thriving in a fast-growing company like Akur8.
We think you need these skills to ace Modelling Actuary (Life)
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 show us your personality and passion for the role. Explain why you're excited about Akur8's mission and how your entrepreneurial mindset can contribute to our growth in the Life Insurance market.
Showcase Your Technical Skills:Since we're all about tech at Akur8, make sure to mention any programming or data visualisation skills you have. If you've automated processes or used AI in your work, let us know! We love candidates who are keen on modernising the actuarial profession.
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 us you’re proactive and eager to join our team!
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 the requirements and how you can apply your skills to the unique challenges of life insurance.
✨Show Off Your Tech Savvy
Since Akur8 is all about modernising the actuarial profession with technology, be prepared to talk about your experience with programming, AI, and data visualisation tools. Share examples of how you've automated processes or improved efficiency in your previous roles.
✨Demonstrate Your Collaborative Spirit
Akur8 values teamwork, so highlight your ability to work well with others. Think of examples where you've successfully collaborated on projects or supported colleagues, especially in a fast-paced environment. This will show that you're a great fit for their team culture.
✨Prepare for Client Interactions
As you'll be running product demos and acting as a trusted advisor, practice explaining complex actuarial concepts in simple terms. Be ready to discuss how you would handle objections from prospective clients and provide insights into best practices for model implementation.