At a Glance
- Tasks: Identify, measure, and manage risk across the organisation while ensuring effective communication.
- Company: Join a dynamic insurance firm focused on innovative risk management solutions.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Collaborative culture with opportunities to lead and mentor junior staff.
- Why this job: Make a real impact in risk management within a technologically advanced environment.
- Qualifications: Qualified actuary with experience in risk management and strong analytical skills.
The predicted salary is between 60000 - 80000 € per year.
Requirements
- Qualified actuary or equivalent experience/qualification
- Understanding of Solvency II/Solvency UK regulations and Lloyd’s expectations
- Track record of success in an insurance or consultancy organisation, applying rigorous risk disciplines with high standards of delivery in a timely, cost-effective way
- Ideally, demonstrating ability to manage risk in a dynamic, technologically focused organisation
- Knowledge of actuarial techniques and disciplines as well as a grasp of the commercial drivers and dynamics affecting the insurance sector
- Proven ability to build relationships with various stakeholders across the organisation and strong influencing and project management skills
- Business awareness and a high level of commercial understanding
- Experience of managing more junior members of staff
What the job involves
- Work closely with all divisions of Ki to identify, measure, and manage the organisation’s exposure to risk, ensuring effective communication of this information to management and the Board in line with the Risk Management Framework
- Deliver the validation of the Internal Model, conduct the Own Risk and Solvency Assessment, and meet other relevant requirements under Solvency II, Solvency UK, and Lloyd’s regulations
- Provide analytical support to aid in the development and execution of Ki’s strategy, with a strong focus on risk assessment and quantitative analysis
- Work with the Head of Risk to develop and embed fit-for-purpose enterprise-wide risk management (ERM) capabilities within the organisation in line with the requirements of the Risk Management Framework approved by the Board
- Calculate risk metrics and support the reporting of breaches to the Boards, Risk Committees and Executive Management Team
- Manage the delivery of reports to the Risk Committees, Executive Management Team, Boards and regulators as and when required and to a sufficient quality standard
- Work with the Head of Risk to manage the delivery of the Own Risk and Solvency Assessment (ORSA) including risk appetite setting, annual ORSA report, business plan reviews, stress and scenario testing (including reverse stress testing) and analysis of emerging risks
- Manage the Internal Model validation process and production of validation report
- Carry out analysis of the Group’s underwriting portfolio and outwards reinsurance programme in order to support the development of the Group’s underwriting strategy
- Carry out thematic reviews across the business including use of technology and underwriting algorithm
- Provide quantitative analysis in support of other strategic projects
- Establish & maintain effective working relationships with other business departments (e.g. underwriting, operations, technology, actuarial, finance)
- Management of ERM Analysts, including recruitment, performance reviews and employee relations
Senior Risk Actuary employer: Deepstreamtech
At Ki, we pride ourselves on being an exceptional employer that fosters a collaborative and innovative work culture. As a Senior Risk Actuary, you will benefit from a supportive environment that encourages professional growth and development, with opportunities to lead and mentor junior staff while working at the forefront of risk management in the insurance sector. Our commitment to employee well-being is reflected in our competitive benefits package and our focus on maintaining a dynamic workplace that embraces technology and forward-thinking strategies.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Risk Actuary
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can land you that Senior Risk Actuary role.
✨Tip Number 2
Prepare for those interviews by brushing up on your knowledge of Solvency II and the latest in risk management. We recommend doing mock interviews with friends or using online platforms to get comfortable discussing your experience and how it relates to the job.
✨Tip Number 3
Showcase your analytical skills! Bring examples of your past work that demonstrate your ability to manage risk and deliver high-quality reports. We want to see how you’ve tackled challenges in previous roles and how you can bring that expertise to our team.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. We love seeing candidates who are enthusiastic and proactive about their application.
We think you need these skills to ace Senior Risk Actuary
Some tips for your application 🫡
Show Off Your Qualifications:Make sure to highlight your qualifications as a qualified actuary or any equivalent experience. We want to see how your background aligns with the requirements, so don’t hold back on showcasing your expertise in Solvency II and UK regulations!
Demonstrate Your Track Record:Share specific examples of your success in previous roles, especially in insurance or consultancy. We love seeing how you've applied rigorous risk disciplines and delivered high-quality results in a timely manner, so make those achievements pop!
Highlight Your Relationship-Building Skills:We value strong relationships across the organisation, so be sure to mention your ability to connect with various stakeholders. Talk about your influencing and project management skills, as these are key to thriving in our dynamic environment.
Apply Through Our Website:Don’t forget to submit your application through our website! It’s the best way for us to receive your details and get you into the process. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Deepstreamtech
✨Know Your Regulations
Make sure you brush up on Solvency II and Solvency UK regulations. Being able to discuss these confidently will show that you understand the framework you'll be working within, which is crucial for a Senior Risk Actuary role.
✨Showcase Your Analytical Skills
Prepare to discuss specific examples of how you've applied actuarial techniques in previous roles. Highlight your experience with risk assessment and quantitative analysis, as this will demonstrate your ability to deliver high-quality insights.
✨Build Relationships
Think about how you've successfully built relationships with stakeholders in the past. Be ready to share examples that showcase your influencing and project management skills, as these are key for collaborating across various departments.
✨Demonstrate Leadership Experience
If you've managed junior staff before, come prepared with examples of how you've supported their development. This will illustrate your capability to lead and manage a team effectively, which is essential for this position.
