At a Glance
- Tasks: Lead actuarial analyses and provide insights for insurance and reinsurance placements.
- Company: BMS, a dynamic global broker in insurance and reinsurance.
- Benefits: Competitive salary, 27 days holiday, private medical cover, and gym subsidies.
- Other info: Flexible working policies and commitment to diversity and inclusion.
- Why this job: Join a growing team and influence strategic initiatives in a collaborative environment.
- Qualifications: Fellow of the Institute and Faculty of Actuaries with significant actuarial experience.
The predicted salary is between 75600 - 92400 £ per year.
- Team: Actuarial Analytics
- Reports To: Analytics Lead, UK & International
- About BMS
BMS is a dynamic, independent global broker delivering specialist insurance, reinsurance, and capital markets advisory services.
Our purpose is to help people, businesses and communities flourish and prosper in a world of risk.
We are a global brand with offices located across the US, Canada, Latin America, Australia, Europe and Asia with both a strong local focus and understanding of market needs.
Being independent gives our brokers the freedom to deliver the best solutions and combined with our collaborative team approach, single platform worldwide and renowned personal service, we are the independent broker of choice.
Position Overview
We are seeking an experienced Senior Actuary to join our UK Specialty and UK & International Actuarial team in London.
This is a newly created role reflecting the continued growth of the business, increasing client demand, and the expanding scope of actuarial support required across both Specialty and Reinsurance.
The role will play a critical part in strengthening the actuarial capability of the team, providing senior technical expertise, supporting governance and peer review requirements, and helping to develop the next generation of actuarial talent within BMS.
As a senior member of the Analytics function, you will work closely with brokers, clients, catastrophe analysts, and senior stakeholders to provide actuarial insight across a broad range of portfolios and transactions.
The role combines technical excellence with strong stakeholder engagement and offers the opportunity to influence strategic initiatives, enhance analytical capabilities, and contribute to the long-term growth of the business.
Essential Responsibilities
- Lead and deliver actuarial analyses that support programme design, retention selection and limit optimisation across insurance and reinsurance placements across Specialty and International business lines.
- Provide and deliver high-quality actuarial input into both renewal business and new business opportunities in a timely manner.
Help to sustain client delivery, manage increased demand, and strengthen technical governance effectively.
- Contribute to client pitches, request for proposal (RFPs) and thought leadership initiatives.
- Act as a senior technical resource within the actuarial team, providing guidance, challenge, and expert judgement on complex assignments.
- Perform peer review of actuarial analyses and modelling outputs to ensure technical quality and robustness.
- Build and maintain strong relationships with brokers, clients, and internal stakeholders.
- Present actuarial findings and recommendations to both technical and non-technical audiences.
- Support client meetings and business development activities, acting as a trusted actuarial adviser.
- Mentor, coach, and support the development of trainee and junior actuaries.
- Facilitate knowledge transfer across the team and contribute to building long-term actuarial capability.
- Contribute to strategic initiatives supporting the growth and development of the Analytics function.
- Support the ongoing development of actuarial standards, methodologies, and best practices in the team.
What We're Looking For – Functional & Behavioural Competencies
- Fellow of the Institute and Faculty of Actuaries (FIA) or equivalent professional actuarial qualification.
- Significant actuarial experience gained within insurance, reinsurance, broking, consulting, or a related environment.
- Strong understanding of actuarial methodologies, portfolio analytics and pricing concepts.
- Proven experience delivering actuarial solutions in client-facing environments.
- Experience reviewing and validating technical actuarial work.
- Excellent communication and presentation skills with the ability to explain complex concepts clearly.
- Strong commercial awareness and ability to translate analysis into business insight.
- Proven stakeholder management and relationship-building skills.
- Ability to work effectively in a fast-paced and evolving environment.
- Behavioural Competencies
- Personally demonstrate the five BMS values and ensure that team members are aligned with these:
- We put clients first
- We work as one
- We find a way
- We sweat the details
- We take ownership
What's in it for me?
This role offers a competitive salary and bonus, 27 days holiday, plus access to our personalised benefits platform, Your Rewards, including:
- comprehensive private medical cover for you and your dependents
- complimentary annual health checks
- access to a virtual 24hr GP
- critical illness cover
- gym subsidy & dedicated wellbeing support
- retail discounts
- opportunity to purchase equity
- defined contribution pension
Through our Diversity, Equity and Inclusion (DEI) vision, we are committed to 'building a culture of belonging for all, valuing diverse perspectives and embracing authenticity.' As such, we have created our 'BMS Together' programme, with dedicated training, collaborative committees and intentional partnerships.
In support of our ESG vision, we offer two additional paid days each year to take part in charitable work.
BMS offers flexible and hybrid working policies and we're happy to discuss options with you upon application.
Please let our team know if you require any adjustments to support you through the application process.
Senior Actuary in London employer: BMS Group
BMS Group is an exceptional employer that prioritises employee well-being and professional growth, offering a competitive salary, comprehensive benefits including private medical cover, and a commitment to diversity and inclusion. With a collaborative work culture and flexible hybrid working options, employees are empowered to thrive in their roles while contributing to meaningful projects that protect vital information security. The company’s dedication to continuous improvement and community engagement through initiatives like the 'BMS Together' programme further enhances the rewarding experience of being part of this dynamic global team.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuary in London
✨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 BMS Group). 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 BMS Group. 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 Senior Actuary in London
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 BMS Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at BMS Group. 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 BMS Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at BMS Group 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 BMS Group, 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 BMS Group'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.
