At a Glance
- Tasks: Develop and enhance best estimate assumptions using data analysis and statistical modelling.
- Company: Prestigious global life reinsurer with a focus on innovation and collaboration.
- Benefits: International exposure, strong culture of innovation, and opportunities for professional growth.
- Other info: Collaborate with experts across Europe and North America in a dynamic environment.
- Why this job: Shape pricing and product development in a highly technical and intellectually stimulating role.
- Qualifications: Qualified actuary with experience in assumption development and strong analytical skills.
The predicted salary is between 80000 - 100000 £ per year.
A prestigious global life reinsurer is seeking a qualified actuary to join their Research & Development team in a role focused on assumption development across both Protection and Longevity markets. This is an excellent opportunity for an actuary with experience in assumption setting, experience analysis or pricing to move into a highly technical and intellectually stimulating role. The position offers the chance to work at the forefront of actuarial research, helping to shape best estimate assumptions that influence pricing, product development and strategic decision‑making across multiple international markets. Working within a collaborative and innovative environment, you will have the opportunity to partner with actuarial researchers, medical analytics specialists, data scientists and senior business stakeholders across Europe and North America.
Key Responsibilities
- Develop and enhance best estimate assumptions through data sourcing, experience analysis, statistical modelling and validation.
- Apply innovative actuarial techniques to support assumption setting across Protection and Longevity portfolios.
- Provide technical challenge and insight to pricing teams, influencing key assumption and methodology decisions.
- Collaborate with stakeholders across actuarial, pricing and product development functions to ensure assumptions remain robust and commercially relevant.
- Contribute to actuarial research initiatives, thought leadership projects and engagement with academic institutions.
- Mentor and support junior team members, helping to develop technical capability across the wider team.
- Present complex technical concepts and recommendations to senior stakeholders and governance committees.
Requirements
- Qualified Fellow of the IFoA, SOA or equivalent actuarial body.
- Experience in assumption development, experience analysis, pricing or actuarial modelling within life insurance or reinsurance.
- Understanding of Protection and/or Longevity business.
- Strong analytical and problem‑solving skills with the ability to apply sound judgement to complex actuarial challenges.
- Experience working with experience studies, trend analysis and assumption setting methodologies.
- Knowledge of actuarial modelling techniques including Generalised Linear Models (GLMs), Survival Models or similar statistical approaches.
- Strong programming skills, ideally including SQL, R or Tyche.
- Ability to communicate technical concepts clearly and influence stakeholders at varying levels of seniority.
- Proven ability to work independently whilst leading projects and workstreams.
Why Consider This Opportunity?
- Exposure across both Protection and Longevity markets.
- Opportunity to work on market‑leading actuarial research and assumption development.
- Collaboration with specialist teams including Medical Analytics and Data Science.
- International exposure across multiple reinsurance markets.
- Highly visible role with direct impact on pricing, product development and strategic decision‑making.
- Strong culture of innovation, technical excellence and continuous improvement.
Senior Actuary, Assumption Development, R&D in London employer: Banking & Financial Services
Join a prestigious global life reinsurer that champions innovation and technical excellence in the actuarial field. As a Senior Actuary in the Research & Development team, you will thrive in a collaborative environment that fosters professional growth and offers exposure to cutting-edge actuarial research across international markets. With opportunities to mentor junior colleagues and engage with diverse teams, this role not only influences strategic decision-making but also contributes to your personal and professional development in a highly rewarding setting.
Contact Details:
Banking & Financial Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuary, Assumption Development, R&D in London
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We think you need these skills to ace Senior Actuary, Assumption Development, R&D in London
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