At a Glance
- Tasks: Support capital modelling, risk management, and regulatory reporting in a dynamic actuarial role.
- Company: Join Centrica, a family of brands driving a cleaner, greener future.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with a focus on innovation and career development.
- Why this job: Make a real impact on a greener future while developing your actuarial skills.
- Qualifications: Part-qualified actuary with analytical skills and coding experience in Python or R.
The predicted salary is between 50000 - 60000 £ per year.
We are Centrica! We're so much more than an energy company. We're a family of brands revolutionising a cleaner, greener future. Working here is #MoreThanACareer - we're powered by purpose. Together we can make an impact that will truly change tomorrow. Whether you're developing cutting-edge green tech, helping customers on the front line or simplifying operations behind the scenes. Your work here isn't just a job - it's a mission. We all play a vital role in energising a greener, fairer future.
We're looking for a Senior Actuarial Analyst to join our Capital & Financial Risk teams at British Gas. 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.
What you'll be doing:
- Capital Modelling & Reporting: 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.
- Model Development & Insight: 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.
- Risk Management & Regulatory Oversight: 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.
Here's who we're looking for:
- Part-qualified actuary, making good progress with IFoA exams.
- 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.
Senior Actuarial Analyst - Windsor in Old Basing employer: Centrica
At Centrica, we pride ourselves on being more than just an energy company; we are a community dedicated to creating a sustainable future. As a Senior Actuarial Analyst in our Windsor office, you'll enjoy a hybrid work model that fosters collaboration while allowing for flexibility. Our supportive work culture encourages professional growth and innovation, providing you with the opportunity to make a meaningful impact in the realm of capital and financial risk management.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Analyst - Windsor in Old Basing
✨Tip Number 1
Network like a pro! Reach out to current employees at Centrica on LinkedIn or through industry events. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Since you're applying for a Senior Actuarial Analyst role, be ready to discuss Solvency II and capital modelling in detail. Show us you know your stuff!
✨Tip Number 3
Practice your communication skills! You’ll need to explain complex data to non-technical stakeholders. Try explaining your past projects to friends or family to get comfortable with simplifying your language.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of our mission for a greener future.
We think you need these skills to ace Senior Actuarial Analyst - Windsor in Old Basing
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Senior 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 mission!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about working at Centrica and how your background aligns with our goals. Remember, we’re looking for someone who’s not just qualified but also shares our purpose.
Showcase Your Analytical Skills:In your application, don’t forget to mention specific examples of how you've used your analytical skills in past roles. Whether it's through GLMs or data visualisation, we want to know how you’ve made an impact with your insights!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team and making a difference!
How to prepare for a job interview at Centrica
✨Know Your Stuff
Make sure you brush up on your knowledge of Solvency II and capital modelling. Familiarise yourself with the key concepts and recent developments in the field. This will not only help you answer technical questions but also show that you're genuinely interested in the role.
✨Showcase Your Skills
Prepare to discuss your experience with GLMs, simulation, and statistical modelling techniques. Be ready to provide specific examples of how you've used these skills in previous roles. If you have coding experience in Python or R, highlight any projects where you've applied this knowledge.
✨Communicate Clearly
As a Senior Actuarial Analyst, you'll need to work with non-technical stakeholders. Practice explaining complex actuarial concepts in simple terms. This will demonstrate your ability to communicate effectively and take ownership of your work.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's approach to risk management and regulatory oversight. This shows that you're engaged and eager to contribute to their mission of energising a greener future. Plus, it gives you a chance to assess if the company aligns with your values.
