At a Glance
- Tasks: Lead risk and capital projects, develop models, and advise on strategic challenges.
- Company: Leading insurance organisation in London with a focus on innovation.
- Benefits: Competitive salary, professional development, and opportunities to mentor others.
- Other info: Collaborative environment with opportunities for growth in exciting new areas.
- Why this job: Make a real impact in the insurance sector while tackling emerging risks.
- Qualifications: Experience in non-life insurance and risk modelling; consulting experience is a plus.
The predicted salary is between 51750 - 63250 £ per year.
We are working with a leading organisation in the insurance sector in London that is looking to appoint a Risk & Capital Actuary to support the continued growth of its risk and capital function.
The role provides the opportunity to work across a diverse range of general insurance and reinsurance activities, supporting some of the most important risk, capital and strategic challenges facing the non-life market.
Key Responsibilities
- Lead and deliver risk and capital assignments across the business.
- Develop, implement, validate and challenge capital and risk models, including experience with platforms such as Igloo, Re Metrica and Tyche.
- Advise on economic capital, Solvency II, risk management frameworks, capital adequacy and model governance.
- Translate complex quantitative analysis into clear, commercially relevant recommendations for senior stakeholders.
- Work collaboratively with actuarial, risk, technology and other specialist teams.
- Contribute to the development of the Risk & Capital proposition, including new opportunities in Cyber, Climate Risk, ESG and other emerging insurance risks.
- Support and develop junior team members through coaching, mentoring and on-the-job development.
Experience Required
We are looking for candidates with experience in the insurance industry, with a strong understanding of non-life insurance and an interest in risk and capital.
Consulting experience would be advantageous but is not essential.
We are particularly interested in candidates with experience across some of the following areas:
- Risk and capital modelling, including model development, implementation, validation or independent model review.
- Capital modelling software, such as Igloo, Re Metrica or Tyche.
- Solvency II, internal models and broader insurance risk management.
- Non-life actuarial disciplines including Catastrophe Risk, Reserving & Pricing, Deals, IFRS 17 or Audit.
- Emerging risk areas such as Cyber, Climate Risk and ESG.
Risk and Capital Actuary in London employer: Edenbrook
Edenbrook is an exceptional employer that fosters a collaborative and innovative work culture, making it an ideal place for professionals in the financial reporting sector. With a strong commitment to employee development, we offer numerous growth opportunities and support for continuous learning, all while working in a dynamic environment that values integrity and excellence. Located in a vibrant area, our team enjoys a balanced work-life experience alongside competitive benefits tailored to enhance both personal and professional well-being.
StudySmarter Expert Advice🤫
We think this is how you could land Risk and Capital Actuary in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Edenbrook). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Edenbrook. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Risk and Capital Actuary in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Edenbrook.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Edenbrook. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Edenbrook
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Edenbrook to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Edenbrook, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Edenbrook's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
