At a Glance
- Tasks: Dive into a diverse actuarial role, tackling capital, risk, and model development.
- Company: Join a forward-thinking company with a hybrid work culture.
- Benefits: Enjoy competitive pay, flexible working, and opportunities for growth.
- Other info: Collaborate with experts and enhance your career in a dynamic environment.
- Why this job: Make a real impact on regulatory insights and capital decision-making.
- Qualifications: Experience in insurance or consultancy, strong analytical skills, and coding knowledge.
The predicted salary is between 40000 - 50000 £ per year.
This is a standout opportunity to step into a broad actuarial role, where you'll work across capital, risk, regulatory reporting, and model development, not just one narrow discipline. You'll play a key role in supporting our Solvency II partial internal model, contributing to capital decision-making and regulatory insight, while working closely with the Head of Financial Risk & Actuarial on high-profile activities such as the ORSA and Actuarial Function Report.
Location: We offer a hybrid approach, with home working alongside time in our Windsor or London offices for team collaboration.
Responsibilities
- Support the delivery of regulatory and economic capital results for senior stakeholders
- Run elements of the capital model and produce high-quality, review-ready outputs
- Contribute to validation, testing, and internal controls for PRA submissions
- Support wider capital and strategic initiatives
- Enhance and develop components of the Solvency II internal model
- Build forecasting tools and GLMs to generate business insights
- Identify opportunities to use modelling to inform commercial decision-making
- Drive process improvement across the capital team
- Support production of key deliverables including the ORSA and Actuarial Function Report
- Contribute to stress and scenario testing and review of technical provisions
- Support oversight activities across underwriting, dividends, and risk appetite
- Work closely with the PRA compliance team, including horizon scanning and regulatory monitoring
Qualifications
- Experience in insurance or a consultancy would be desirable
- Exposure to Solvency II, ideally within capital modelling, reporting, or risk
- Strong analytical skills with the ability to interpret complex datasets
- Experience with GLMs, simulation, or statistical modelling techniques
- Coding capability (Python or R) and experience with data visualisation tools (e.g. Power BI)
- A confident communicator, comfortable taking ownership and working with non-technical stakeholders
Actuarial Analyst in Banstead employer: Centrica
Join a dynamic team as an Actuarial Analyst, where you'll thrive in a collaborative work culture that values innovation and professional growth. With a hybrid working model based in the picturesque locations of Windsor or London, you will have the flexibility to balance home and office life while contributing to impactful projects that shape regulatory insights and capital decision-making. Our commitment to employee development ensures you will have ample opportunities to enhance your skills and advance your career in a supportive environment.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst in Banstead
✨Tip Number 1
Network like a pro! Reach out to professionals in the actuarial field on LinkedIn or at industry events. We can’t stress enough how valuable personal connections can be in landing that dream job.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of Solvency II. We recommend practising common actuarial interview questions and showcasing your coding capabilities in Python or R.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. We suggest checking out our website for tailored opportunities that fit your skills and interests.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can set you apart from other candidates. We believe it shows your enthusiasm and professionalism, which are key in the actuarial world.
We think you need these skills to ace Actuarial Analyst in Banstead
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Actuarial Analyst role. Highlight your experience with Solvency II, capital modelling, and any relevant coding skills. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background aligns with our needs. Don’t forget to mention your analytical skills and experience with GLMs or statistical modelling techniques.
Showcase Your Communication Skills:As a confident communicator, it's important to demonstrate your ability to work with non-technical stakeholders. In your application, share examples of how you've successfully communicated complex data insights in the past.
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Centrica
✨Know Your Numbers
As an Actuarial Analyst, you'll be dealing with complex datasets and capital models. Brush up on your analytical skills and be ready to discuss how you've interpreted data in the past. Prepare examples that showcase your experience with GLMs or statistical modelling techniques.
✨Understand Solvency II Inside Out
Since this role involves supporting the Solvency II internal model, make sure you understand its key components. Familiarise yourself with regulatory requirements and be prepared to discuss how you've contributed to similar projects or initiatives in previous roles.
✨Show Off Your Coding Skills
Coding capability is a must for this position. Be ready to talk about your experience with Python or R, and how you've used these tools for data visualisation or modelling. If possible, bring along examples of your work to demonstrate your skills.
✨Communicate Like a Pro
You'll need to work closely with non-technical stakeholders, so strong communication skills are essential. Practice explaining complex actuarial concepts in simple terms. Think about times when you've successfully communicated insights to senior stakeholders and be ready to share those stories.
