At a Glance
- Tasks: Lead the design and development of innovative actuarial modelling features.
- Company: Dynamic company focused on global actuarial solutions.
- Benefits: Flexible work environment, competitive salary, and personal development resources.
- Other info: Collaborative atmosphere with opportunities to volunteer and support charities.
- Why this job: Make a real impact in the financial industry with cutting-edge actuarial technology.
- Qualifications: 10+ years in life insurance, strong Prophet system experience, and problem-solving skills.
The predicted salary is between 70000 - 90000 £ per year.
About The Role
As a Senior Actuarial Product Development Manager, you’ll be working with global clients to support clients with their Prophet models, in particular use of the Asset Liability Strategy (ALS) library, define and own the code architecture for new Prophet model features, and develop actuarial modelling features for existing and new Prophet libraries.
What You Will Be Doing
- Lead on design and development of new actuarial modelling features in the Prophet libraries.
- Review peers’ actuarial code for accuracy and appropriateness.
- Ensure our product deliverables meet all requirements, are thoroughly tested and well documented.
- Act as a subject matter expert for internal team members on the Prophet libraries.
- Work closely with other actuarial teams to deliver holistic solutions.
What You Will Need
- Bachelor’s degree in Mathematics or science‑based subject.
- At least 10 years’ experience working in a life insurance department or consultancy.
- Minimum 5 years’ experience using the Prophet system and a good understanding of the ALS library.
- Experience implementing modelling changes in Prophet using its extended formula functionality.
- Qualified or Part‑Qualified actuary with strong experience and understanding of regulation and various technical standards in at least one major market.
- 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
- Experience with advanced Prophet modelling techniques such as 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.
Senior Actuarial Product Development Manager employer: FIS
As a Senior Actuarial Product Development Manager, you will thrive in a flexible and creative work environment that champions diversity and collaboration. Our commitment to professional and personal development ensures that you have access to resources that foster growth, while our competitive salary and benefits package reflects our dedication to rewarding your expertise. Join us in making a meaningful impact within the financial services sector, all while supporting charitable initiatives in a vibrant global team.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Product Development Manager
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
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We think you need these skills to ace Senior Actuarial Product Development Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to FIS.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on FIS's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at FIS
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with FIS.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
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✨Network with Industry Professionals
Before your interview, reach out to current or former FIS employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
