At a Glance
- Tasks: Run annual model outputs validation reports and conduct deep dive validation tests.
- Company: Benefact Group is focused on Actuarial Risk management within the insurance sector.
- Benefits: 8-week contract with a possibility to extend, hybrid working arrangement.
- Other info: This role operates under an Inside IR35 contract.
- Why this job: Join a dynamic team in Gloucester and contribute to critical actuarial functions.
- Qualifications: Proven experience in model validation and a strong background in General Insurance required.
The predicted salary is between 50000 - 60000 £ per year.
Working hours: 35 hours per week, Monday to Friday
Duration: 8 week contract, possibility to extend (Inside IR35)
Location: Gloucester
About The Role
Benefact Group is looking for an Interim Actuarial Model Validation Contractor to join on an 8‑week, Inside IR35 contract on a hybrid basis. As a contractor you will support the provision of Actuarial Risk management across the Benefact Group.
What You’ll Be Doing
- Internal Model validation
- Run an annual “model outputs” validation report which delves into metrics including diversification benefit and comparison to standard formula
- Deep dive validation tests for targeted areas of risk
- Events Not in Data (within Underwriting and reserving risk)
- Latent claims (within reserving risk)
- Liaison with business areas to compile an Actuarial Function opinion on underwriting and pricing
- Independent review and challenge of business plan actuarial assumptions
What You’ll Need to Have
- Proven experience in model validation / model risk / independent model review
- Strong background in General Insurance – pricing, reserving, or capital modelling
- Qualified actuary (FIA or equivalent) preferred but not essential depending on experience level
- Experience in communicating with insurance business functions (across actuarial, underwriting and claims), identifying improvements and writing clear recommendations
We welcome applications from everyone.
Interim Actuarial Model Validation - Inside IR35 Contract in Gloucester employer: Ecclesiastical Insurance UK
Benefact Group, located in Gloucester, offers a hybrid working environment and values diverse applications. The team focuses on enhancing actuarial risk management across various business areas.
Contact Details:
Ecclesiastical Insurance UK Recruitment Team
