At a Glance
- Tasks: Support risk management and technical provisions for Home Care insurance products.
- Company: Join British Gas's innovative Risk & Actuarial team.
- Benefits: Flexible home and office working, competitive salary, and career development opportunities.
- Other info: Dynamic environment with opportunities to engage with senior stakeholders.
- Why this job: Make a real impact in risk management while developing your actuarial skills.
- Qualifications: Part-qualified actuary with experience in insurance or consultancy.
The predicted salary is between 50000 - 60000 £ per year.
We are looking for a Senior Actuarial Analyst to join our Risk & Actuarial team at British Gas. This role focuses on Home Care insurance products (boiler and central heating cover) and involves risk management across technical provisions, underwriting oversight, and regulatory activity.
Location: We offer a blend of home and office working, with team time at our Windsor site when needed.
Responsibilities:
- Support the quarterly review of technical provisions
- Help assess assumptions and ensure robust actuarial outputs
- Assist in overseeing underwriting activities
- Support the Chief Actuary in forming opinions on underwriting and reinsurance strategies
- Contribute to broader risk management activities, including the ORSA process
- Support stress testing and scenario analysis
- Support PRA compliance, including horizon scanning and regulatory monitoring
- Contribute to maintaining a strong governance and risk framework
Qualifications:
- A part-qualified actuary, progressing well through IFoA exams
- Experience within insurance (ideally GI), consultancy, or actuarial risk
- Good understanding of Solvency II / Solvency UK
- Curiosity and a desire to develop across multiple actuarial disciplines
- Strong communication skills with the ability to engage and influence senior stakeholders
- A proactive mindset and confidence to operate in a second-line oversight role
Actuarial Analyst employer: British Gas
At British Gas, we pride ourselves on being an excellent employer, offering a dynamic work culture that fosters collaboration and innovation. Our blend of home and office working allows for flexibility while our Windsor site provides a supportive environment for team engagement. With a strong focus on employee growth, we encourage continuous learning and development, making this an ideal place for actuaries looking to advance their careers in a meaningful way.
