At a Glance
- Tasks: Join a dynamic team to develop innovative actuarial assumptions and influence key projects.
- Company: Prestigious global life reinsurer with a focus on research and development.
- Benefits: Gain international exposure, collaborate with experts, and accelerate your career progression.
- Other info: Collaborative culture with opportunities for innovation and professional growth.
- Why this job: Make a real impact in the Protection and Longevity markets while enhancing your technical skills.
- Qualifications: Nearly qualified or qualified actuary with experience in life insurance or reinsurance.
The predicted salary is between 55000 - 70000 £ per year.
A prestigious global life reinsurer is seeking a nearly qualified or qualified actuary to join their Research & Development team in a role focused on assumption development across both Protection and Longevity markets. This is an outstanding opportunity for an actuary looking to deepen their technical expertise whilst gaining exposure to cutting‑edge actuarial research, experience analysis and assumption development. The role offers the chance to work on high‑profile projects that directly influence pricing, product development and strategic decision‑making across international markets.
Working alongside experienced actuarial researchers, medical analytics specialists, data scientists and senior stakeholders, you will play a key role in developing the assumptions that underpin a wide range of life and health reinsurance solutions.
Key Responsibilities- Contribute to the development of best estimate assumptions through data sourcing, experience analysis, statistical modelling and validation.
- Support the application of innovative actuarial techniques to assumption setting across Protection and Longevity portfolios.
- Provide challenge and insight to pricing assumptions and methodologies.
- Build strong working relationships with stakeholders across actuarial, pricing and product development teams.
- Contribute to actuarial research projects, internal analysis and thought leadership initiatives.
- Work closely with specialist teams including Medical Analytics and Data Science to develop market‑leading insights.
- Support the development of junior colleagues and contribute to a collaborative and innovative team culture.
- Present technical findings and recommendations to a variety of audiences across the business.
- Nearly qualified or qualified actuary (IFoA, SOA or equivalent).
- Experience within life insurance, reinsurance or consultancy.
- Exposure to assumption development, experience analysis, pricing or actuarial modelling.
- Understanding of Protection and/or Longevity business.
- Strong analytical and problem‑solving skills.
- Experience working with experience studies, trend modelling or actuarial investigations.
- Programming skills including SQL, R, Tyche or similar tools.
- Knowledge of statistical and actuarial techniques such as Generalised Linear Models (GLMs) and Survival Models.
- Strong communication and stakeholder management skills.
- Ability to work independently while managing multiple priorities and deadlines.
- Passion for innovation, continuous improvement and technical excellence.
- Exposure across both Protection and Longevity markets.
- Opportunity to work within a highly respected actuarial research and development function.
- Collaboration with specialist Medical Analytics and Data Science teams.
- International exposure across Europe and North America.
- Strong emphasis on innovation, research and technical development.
- Excellent opportunity for a nearly qualified actuary to broaden their experience and accelerate their progression within reinsurance.
Actuary, Assumption Development, R&D employer: Banking & Financial Services
Join a prestigious global life reinsurer that prioritises innovation and technical excellence, offering actuaries the chance to deepen their expertise in a collaborative environment. With a strong focus on professional development, you will work alongside experienced researchers and specialists, gaining invaluable exposure to high-profile projects that shape the future of Protection and Longevity markets. This role not only enhances your analytical skills but also provides opportunities for international collaboration and career progression within a supportive team culture.
Contact Details:
Banking & Financial Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Actuary, Assumption Development, R&D
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Banking & Financial Services). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Banking & Financial Services. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuary, Assumption Development, R&D
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Banking & Financial Services.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Banking & Financial Services. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Banking & Financial Services
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Banking & Financial Services to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Banking & Financial Services, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Banking & Financial Services's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
