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- Tasks: Develop and implement actuarial models while collaborating with a dynamic team.
- Company: Join Eames Consulting, a leading recruitment firm in the insurance sector.
- Benefits: Enjoy a competitive salary of up to £90,000 and opportunities for professional growth.
- Why this job: Be part of a hands-on role that shapes modelling strategies and impacts the industry.
- Qualifications: Must be a qualified actuary with experience in UK life insurance and strong technical skills.
- Other info: Office located in Buckinghamshire, easily accessible from London.
The predicted salary is between 72000 - 108000 £ per year.
Model Development Actuary
Eames Consulting London, United Kingdom Apply now Posted 2 days ago Permanent Up to £90000 per annum
Model Development Actuary
Eames Consulting London, United Kingdom Apply now
Qualified | UK Life | Model Development Focus
We\’re working with a UK life insurer looking to appoint a Qualified Actuary into a technically focused modelling role.
This is a genuinely hands-on position involving the end-to-end development of actuarial models, design, build, calibration, testing, and implementation. There\’s scope to contribute to wider modelling strategy and to help shape ways of working across the actuarial function.
You\’ll be joining a collaborative team and reporting into the Head of Actuarial Development. The work is varied, stretching from technical delivery to reviewing internal frameworks and staying on top of regulatory and modelling developments.
What you\’ll bring:
- Qualification FIA
- Experience in the UK life insurance sector
- Strong technical background in model development (RAFM and Python preferred, but other platforms considered)
- A collaborative, proactive approach and an eye for continuous improvement
- Confidence interpreting and presenting model outputs to senior stakeholders
Location:
Head office-based in Buckinghamshire , with good links from London and the surrounding areas (around an hour by train from Marylebone or easily reached via the M40).
Eames Consulting is acting as an Employment Agency in relation to this vacancy.
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Model Development Actuary | London, UK employer: Eames Consulting
Contact Detail:
Eames Consulting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Model Development Actuary | London, UK
✨Tip Number 1
Familiarise yourself with the latest developments in actuarial modelling, especially RAFM and Python. Being well-versed in these tools will not only boost your confidence but also demonstrate your commitment to staying current in the field.
✨Tip Number 2
Network with professionals in the UK life insurance sector. Attend industry events or webinars where you can meet actuaries and learn about their experiences. This could provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your previous model development projects in detail. Be ready to explain your role, the challenges you faced, and how you overcame them. This will showcase your hands-on experience and problem-solving skills.
✨Tip Number 4
Practice presenting complex model outputs in a clear and concise manner. Since you'll be interacting with senior stakeholders, being able to communicate your findings effectively is crucial for success in this role.
We think you need these skills to ace Model Development Actuary | London, UK
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as a Fellow of the Institute and Faculty of Actuaries (FIA) and your experience in the UK life insurance sector. Emphasise your technical skills in model development, particularly with RAFM and Python.
Craft a Strong Cover Letter: Write a cover letter that showcases your collaborative approach and proactive mindset. Mention specific examples of how you've contributed to modelling strategies or improved processes in previous roles.
Highlight Relevant Experience: In your application, focus on your hands-on experience with the end-to-end development of actuarial models. Discuss your familiarity with design, build, calibration, testing, and implementation, as well as your ability to present model outputs to senior stakeholders.
Showcase Continuous Improvement: Demonstrate your commitment to continuous improvement by providing examples of how you've stayed updated with regulatory and modelling developments. This will show your potential employer that you are proactive about your professional growth.
How to prepare for a job interview at Eames Consulting
✨Showcase Your Technical Skills
As a Model Development Actuary, it's crucial to demonstrate your technical expertise in model development. Be prepared to discuss your experience with RAFM and Python, or any other relevant platforms, and provide examples of how you've successfully built and implemented actuarial models.
✨Prepare for Stakeholder Engagement
You'll need to present model outputs to senior stakeholders, so practice explaining complex concepts in a clear and concise manner. Think about how you can tailor your communication style to suit different audiences, ensuring they understand the implications of your work.
✨Emphasise Collaboration and Proactivity
This role requires a collaborative approach, so be ready to share examples of how you've worked effectively within a team. Highlight instances where you've taken the initiative to improve processes or contribute to wider modelling strategies.
✨Stay Updated on Regulatory Developments
The actuarial field is constantly evolving, especially regarding regulations. Make sure you're up-to-date with the latest changes in the UK life insurance sector and be prepared to discuss how these might impact your work and the modelling function.
