At a Glance
- Tasks: Support capital decision-making and regulatory reporting while developing forecasting tools.
- Company: Dynamic insurance firm with a focus on innovation and collaboration.
- Benefits: Hybrid working model, competitive salary, and opportunities for professional growth.
- Other info: Exciting career development opportunities in a supportive team environment.
- Why this job: Join a diverse actuarial role and make a real impact in the financial sector.
- 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
- 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 London employer: Centrica
Join a dynamic and innovative team as an Actuarial Analyst, where you'll have the opportunity to engage in diverse actuarial functions while enjoying a hybrid work model that balances home working with collaborative time in our Windsor or London offices. Our supportive work culture fosters professional growth through hands-on experience with high-profile projects, alongside access to continuous learning and development opportunities, making it an ideal environment for those seeking meaningful and rewarding careers in the actuarial field.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Analyst 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 Centrica). 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 Centrica. 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 Actuarial Analyst 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 Centrica.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Centrica. 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 Centrica
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Centrica 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 Centrica, 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 Centrica'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.
