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For Companies At a Glance
- Tasks: Join a dynamic team to analyse and model insurance risks while supporting strategic decisions.
- Company: Leading insurance firm with a focus on innovation and professional growth.
- Benefits: Competitive salary, generous leave, study support, and flexible working options.
- Why this job: Kickstart your actuarial career in a supportive environment with real impact on motor insurance.
- Qualifications: Numerical degree and progress towards IFoA qualification; analytical skills are key.
- Other info: Enjoy a hybrid work model and opportunities for personal and professional development.
The predicted salary is between 28800 - 48000 £ per year.
Our client is seeking an enthusiastic and proactive early-career Actuary to join their Insurance Risk team at a pivotal time in the evolution of their insurance arrangements. This is a full-time, permanent role, based in London with hybrid working available.
Reporting to the Lead Actuary, this role is ideal for an actuarial professional looking to deepen their expertise in capital modelling, reserving, and pricing within a small but high-impact team. The successful candidate will become one of the organisation’s in-house actuarial specialists, supporting a large and complex motor insurance portfolio.
Responsibilities
- Support the development, maintenance, and application of insurance components within the economic capital model
- Contribute to reserving activities supporting the organisation’s reinsurance arrangements
- Support pricing analysis in collaboration with the insurance partner
- Work with reinsurance brokers on analysis underpinning reinsurance programmes
- Carry out actuarial analysis in-house where possible, coordinating with consultants as required
- Support the ongoing development of actuarial methodologies and modelling approaches
- Engage with external stakeholders including insurance partners, brokers, auditors, and peer reviewers
- Contribute actuarial insight to a large motor risk portfolio, supporting strategic decision-making
- Assist with analysis relating to changes in risk profile, including the growth of electric vehicles
Requirements
- Previous actuarial or analytical experience within insurance or a closely related environment
- Graduate with a relevant numerical degree
- Progress towards IFoA qualification, typically including passes in CS1 and/or CM1
- Experience or interest in capital modelling, reserving, or pricing
- Exposure to capital modelling (economic capital, solvency, stress and scenario testing) is highly desirable
- Strong analytical skills, including advanced Excel and experience working with large datasets
- Experience with programming languages such as Python or R is advantageous but not essential
- Experience with actuarial modelling tools (e.g. Tyche or similar) is desirable
Skills & Attributes
- Highly organised self-starter, able to manage workload and priorities effectively
- Structured and disciplined approach to analysis and delivery
- Strong problem-solving capability with a solutions-focused mindset
- Confident communicator with strong written, verbal, and presentation skills
- Comfortable engaging with both technical and non-technical stakeholders
- Able to work collaboratively or independently as required
Study Support & Development
Following successful completion of probation and satisfactory role performance, our client will provide full actuarial study support, including:
- Paid study days
- Payment of relevant IFoA examination fees
This role offers significant long-term development opportunities as actuarial capability continues to grow within the organisation.
Competitive salary and annual discretionary bonus
Non-contributory pension scheme (up to 15% employer contribution)
28 days’ annual leave, with the option to buy or sell additional days
Funded private medical insurance and critical illness cover
Life assurance (4x basic salary)
Salary sacrifice schemes, including electric/hybrid car and cycle-to-work options
Access to wellbeing and healthcare apps
Paid volunteering day each year
Flexible and hybrid working environment
Wide range of optional benefits, including dental insurance and health screenings
Contract Type: Permanent
Working Pattern: Full-time, hybrid
Location: London
Remote Working: Up to two days per week within the UK
Actuary employer: DiverseJobsMatter
Contact Detail:
DiverseJobsMatter Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuary
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Ace the Interview
Prepare for your interviews by researching the company and practising common actuarial questions. We recommend doing mock interviews with friends or mentors to boost your confidence. Remember, it’s your chance to shine and show them why you’re the perfect fit!
✨Showcase Your Skills
Create a portfolio that highlights your analytical skills and any projects you've worked on, especially those related to capital modelling or pricing. We want to see your best work, so make sure it’s easy to access and visually appealing!
✨Apply Through Our Website
Don’t forget to check out our website for the latest job openings! Applying directly through us not only makes it easier but also shows your enthusiasm for joining our team. Let’s get you started on your actuarial journey!
We think you need these skills to ace Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuary role. Highlight your relevant experience in capital modelling, reserving, and pricing. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to express your enthusiasm for the role and the company. Share specific examples of your analytical skills and how they relate to the insurance risk field.
Showcase Your Technical Skills: Don’t forget to mention any programming languages or actuarial tools you’ve worked with, like Python or Tyche. We love seeing candidates who are comfortable with data analysis and modelling!
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and keep track of it. Plus, we can’t wait to hear from you!
How to prepare for a job interview at DiverseJobsMatter
✨Know Your Numbers
As an aspiring actuary, it's crucial to brush up on your numerical skills. Be prepared to discuss your experience with capital modelling, reserving, and pricing. Familiarise yourself with key concepts and be ready to explain how you've applied them in past roles or projects.
✨Showcase Your Analytical Skills
Highlight your analytical prowess during the interview. Bring examples of how you've worked with large datasets or used advanced Excel functions. If you have any experience with programming languages like Python or R, make sure to mention it, as it could set you apart from other candidates.
✨Engage with Stakeholders
Since the role involves engaging with various stakeholders, practice articulating your thoughts clearly. Prepare to discuss how you've communicated complex actuarial concepts to both technical and non-technical audiences. This will demonstrate your ability to collaborate effectively within a team.
✨Prepare Questions
Interviews are a two-way street, so come armed with thoughtful questions about the company’s insurance risk strategies and their approach to emerging risks like electric vehicles. This shows your genuine interest in the role and helps you assess if the company is the right fit for you.
