At a Glance
- Tasks: Lead a global team in innovative actuarial modelling and business transformation.
- Company: Join a leading global life reinsurer with a focus on collaboration and growth.
- Benefits: Strong pension, private medical insurance, 25 days leave, and life assurance.
- Other info: Opportunity to drive change and work closely with senior stakeholders.
- Why this job: Shape the future of actuarial processes while influencing a dynamic team.
- Qualifications: Qualified actuary with experience in life insurance and strong leadership skills.
The predicted salary is between 59400 - 72600 £ per year.
A leading global life reinsurer is seeking a qualified actuary to join its newly established global Valuation team in a broad and influential management role. This is not a traditional reporting focused valuation position. The successful candidate will lead key aspects of new business modelling and treaty implementation, manage a team and help determine how new business is embedded across the organisation. They will also play an important role in improving controls, modernising processes and shaping future actuarial model development. It is an excellent opportunity for someone who enjoys combining technical actuarial work with people leadership, stakeholder management and genuine business transformation.
The Role
- Lead and develop a sub team within the global New Business Valuation function
- Manage the implementation of new treaties across multiple products, regions and lines of business
- Take a leading role in addressing a backlog of historical treaty implementations
- Build effective relationships with Pricing, Operations, Corporate Actuarial and front office teams
- Improve the processes, controls and governance surrounding new business implementation
- Help embed deliverables from a major actuarial transformation programme
- Specify model requirements and coordinate the testing of future model developments
- Support the continued development of global assumptions management and implementation frameworks
- Coordinate activity across multiple locations and time zones while helping to build a positive, high performing team
The Candidate
- A qualified actuary with at least three years of relevant life insurance or life reinsurance experience
- Experience managing, coaching or developing actuarial colleagues
- A strong understanding of Corporate Actuarial, valuation or financial reporting processes
- Experience using actuarial modelling software, with Tyche experience particularly advantageous
- A track record of improving processes, controls or systems
- The ability to manage change and introduce new ways of working
- Strong stakeholder management skills and the confidence to challenge existing approaches
- A pragmatic and commercially minded approach, with the ability to balance accuracy, risk and delivery
Why Consider It?
This role offers considerably more breadth than a conventional valuation position. The successful candidate will join a global team at the beginning of its development and will have the opportunity to influence its processes, controls, modelling approach and working culture. They will gain exposure across new business, modelling, transformation and people management, while working closely with senior stakeholders throughout the organisation. The wider package includes a strong pension contribution, comprehensive private medical insurance for the employee and their dependants, 25 days of annual leave, nine times salary life assurance and income protection.
Actuarial Valuation Manager - New Business and Transformation employer: Goodman Masson
Goodman Masson is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. As a Payroll Manager in London, you will benefit from a competitive salary and bonus structure, alongside ample opportunities for professional growth within a thriving restaurant business that values its employees and encourages career advancement through its ongoing expansion.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Valuation Manager - New Business and Transformation
✨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 Goodman Masson). 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 Goodman Masson. 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 Actuarial Valuation Manager - New Business and Transformation
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 Goodman Masson.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Goodman Masson. 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 Goodman Masson
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Goodman Masson 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 Goodman Masson, 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 Goodman Masson'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.
