Senior Actuarial Product Development Manager

Senior Actuarial Product Development Manager

Full-Time 80000 - 100000 £ / year (est.) Home office (partial)
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At a Glance

  • Tasks: Lead the design and development of innovative actuarial modelling features.
  • Company: Join FIS, a global leader in fintech solutions with a diverse team.
  • Benefits: Enjoy a flexible work environment, competitive salary, and personal development resources.
  • Other info: Be part of a dynamic team with opportunities for growth and charity support.
  • Why this job: Make a real impact in the fintech world while collaborating with global clients.
  • Qualifications: 10+ years in life insurance or consultancy, strong actuarial skills required.

The predicted salary is between 80000 - 100000 £ per year.

As the world works and lives faster, FIS is leading the way. Our fintech solutions touch nearly every market, company and person on the planet. Our teams are inclusive and diverse. Our colleagues work together and celebrate together. If you want to advance the world of fintech, we’d like to ask you: Are you FIS?

About the role

As a Senior Actuarial Product Development Manager, you’ll be working with global clients to support their use of Prophet models, in particular the Asset Liability Strategy (ALS) library. You will define and own the code architecture for new Prophet model features and develop actuarial modelling features for existing and new Prophet libraries.

About the team

Be a part of a team of Prophet library developers who are responsible for a range of global actuarial Prophet libraries. You will assist with the design and testing of new Prophet library function enhancements and act as subject matter experts for questions from external and internal clients on the Prophet libraries.

What you will be doing

  • Leading on design and development of new actuarial modelling features in the Prophet libraries.
  • Reviewing peers’ actuarial code for accuracy and appropriateness.
  • Ensuring our product deliverables meet all requirements, are thoroughly tested and are well documented.
  • Acting as a subject matter expert for internal team members on the Prophet libraries.
  • Working closely with other actuarial teams to deliver holistic solutions.

What you will need

  • Bachelor’s degree in Mathematics or a science‑based subject.
  • At least 10 years’ experience working in a life‑insurance department or consultancy.
  • Use of the Prophet system for a minimum of 5 years and a good understanding of the ALS library.
  • Familiarity with implementing modelling changes in Prophet using its extended formula functionality, for example making changes to the ALS library.
  • Qualified/Part‑Qualified actuary with strong experience and understanding of regulation and various technical standards in at least one major market.
  • A background in insurance or financial services.
  • Experience working as part of a large diverse, global team.
  • Strong problem‑solving and analytic skills.

Added bonus if you have

  • Worked directly with numerous advanced Prophet modelling techniques: new business processing, calculation looping, rebasing, goal seeking, nested structures, modules, or dynamic and stochastic modelling.
  • Awareness of potential performance bottlenecks and solutions when designing models.
  • Technical knowledge of Gen AI and its application in actuarial modelling.
  • Technical knowledge of programming and systems development.
  • Technical knowledge of cloud infrastructure and technology.
  • Awareness of emerging regulatory and risk topics that will impact the financial industry.

What we offer you

  • Flexible and creative work environment.
  • Diverse and collaborative atmosphere.
  • Professional and personal development resources.
  • Opportunities to volunteer and support charities.
  • Competitive salary and benefits.

Privacy Statement: FIS is committed to protecting the privacy and security of all personal information that we process in order to provide services to our clients. For specific information on how FIS protects personal information online, please see the Online Privacy Notice.

Senior Actuarial Product Development Manager employer: FIS Capital Markets UK Limited

FIS is an exceptional employer that fosters a flexible and creative work environment, promoting diversity and collaboration among its teams. With a strong focus on professional and personal development, employees have access to valuable resources and opportunities for growth, all while contributing to meaningful fintech solutions that impact clients globally. The company's commitment to community engagement through volunteer opportunities further enhances the rewarding experience of working at FIS.

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Contact Details:

FIS Capital Markets UK Limited Recruitment Team

StudySmarter Expert Advice🤫

We think this is how you could land Senior Actuarial Product Development Manager

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We think you need these skills to ace Senior Actuarial Product Development Manager

Prophet Modelling
Asset Liability Strategy (ALS) Library
Actuarial Modelling
Code Architecture
Actuarial Code Review
Documentation Skills
Problem-Solving Skills

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.

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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 FIS Capital Markets UK Limited.

Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at FIS Capital Markets UK Limited. 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.

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Know Your Numbers: Insurance Fundamentals

Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at FIS Capital Markets UK Limited to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.

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