At a Glance
- Tasks: Lead teams in valuation and reporting for a growing retirement portfolio.
- Company: Join a global life reinsurer with a focus on innovation.
- Benefits: Competitive salary, career growth, and exposure to complex transactions.
- Other info: Be part of a transformation programme improving actuarial systems and processes.
- Why this job: Shape the future of retirement solutions while enhancing your leadership skills.
- Qualifications: Qualified actuary with 5+ years' experience in life insurance or reinsurance.
The predicted salary is between 49500 - 60500 £ per year.
An excellent opportunity for a senior qualified actuary to join a global life reinsurer in a broad leadership role spanning valuation, retirement business, new transactions and actuarial transformation. You'll lead teams responsible for the valuation of a growing retirement portfolio and consolidated actuarial reporting, with accountability for the delivery of accurate quarterly and ad hoc results. The role sits at the heart of the valuation function and works closely with Finance, Pricing, Operations and other actuarial teams.
A particularly attractive aspect of the position is the exposure to new and increasingly complex retirement transactions. You'll act as a key valuation stakeholder on new business, helping assess deal structures, understand the modelling and reporting implications, and ensure the right processes, controls and operational framework are in place as transactions move into the in-force portfolio.
The technical breadth is also strong, with exposure across IFRS 17, US GAAP, economic capital and Bermuda reporting, alongside stress testing, scenario analysis and in-force management. The role also has increasing responsibility for asset modelling, giving broader exposure across both sides of the balance sheet.
Alongside the day-to-day leadership responsibilities, you'll play an important role in a wider transformation programme focused on improving actuarial systems, automation, controls and reporting processes, helping shape how the valuation function develops as the business continues to grow.
Key experience:
- Qualified actuary with ideally 5+ years' post-qualified experience in life insurance or reinsurance
- Strong valuation and financial reporting background
- Experience across annuities, BPA / pension risk transfer, longevity or broader retirement business
- Good understanding of the interaction between assets, liabilities and capital
- Exposure to IFRS 17 and/or US GAAP and relevant regulatory capital frameworks
- Experience supporting new business transactions and implementing them into valuation and reporting processes
- Strong people-management experience, with a track record of developing actuarial teams
- Experience improving processes, controls, models or actuarial systems
This would particularly suit someone who has built a strong technical grounding in valuation but now wants broader leadership responsibility, greater transaction exposure and a more strategic role in shaping a growing retirement business.
Senior Actuarial Manager – Valuation & Retirement Solutions employer: Banking & Financial Services
Join a leading international energy business in London, where you will thrive in a dynamic work culture that values collaboration and innovation. With a strong focus on employee growth, we offer extensive training and development opportunities, ensuring you can advance your career while working on complex indirect tax matters. Enjoy the unique advantage of being part of a multinational organisation that supports a diverse workforce and encourages meaningful contributions to the business.
Contact Details:
Banking & Financial Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Manager – Valuation & Retirement Solutions
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We think you need these skills to ace Senior Actuarial Manager – Valuation & Retirement Solutions
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Banking & Financial Services.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Banking & Financial Services's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Banking & Financial Services
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Banking & Financial Services.
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