At a Glance
- Tasks: Join a dynamic team to develop innovative actuarial assumptions and influence global pricing strategies.
- Company: Prestigious global life reinsurer with a focus on research and development.
- Benefits: Gain exposure to cutting-edge research, international markets, and career progression opportunities.
- Other info: Work in a collaborative environment with strong emphasis on innovation and technical excellence.
- Why this job: Make a real impact in the Protection and Longevity markets while collaborating with experts.
- Qualifications: Nearly qualified or qualified actuary with experience in life insurance or reinsurance.
The predicted salary is between 50000 - 70000 £ per year.
A prestigious global life reinsurer is seeking a nearly qualified or qualified actuary to join their Research & Development team in a role focused on assumption development across both Protection and Longevity markets. This is an outstanding opportunity for an actuary looking to deepen their technical expertise whilst gaining exposure to cutting-edge actuarial research, experience analysis and assumption development. The role offers the chance to work on high-profile projects that directly influence pricing, product development and strategic decision-making across international markets.
Working alongside experienced actuarial researchers, medical analytics specialists, data scientists and senior stakeholders, you will play a key role in developing the assumptions that underpin a wide range of life and health reinsurance solutions.
Key Responsibilities- Contribute to the development of best estimate assumptions through data sourcing, experience analysis, statistical modelling and validation.
- Support the application of innovative actuarial techniques to assumption setting across Protection and Longevity portfolios.
- Provide challenge and insight to pricing assumptions and methodologies.
- Build strong working relationships with stakeholders across actuarial, pricing and product development teams.
- Contribute to actuarial research projects, internal analysis and thought leadership initiatives.
- Work closely with specialist teams including Medical Analytics and Data Science to develop market-leading insights.
- Support the development of junior colleagues and contribute to a collaborative and innovative team culture.
- Present technical findings and recommendations to a variety of audiences across the business.
- Nearly qualified or qualified actuary (IFoA, SOA or equivalent).
- Experience within life insurance, reinsurance or consultancy.
- Exposure to assumption development, experience analysis, pricing or actuarial modelling.
- Understanding of Protection and/or Longevity business.
- Strong analytical and problem‑solving skills.
- Experience working with experience studies, trend modelling or actuarial investigations.
- Programming skills including SQL, R, Tyche or similar tools.
- Knowledge of statistical and actuarial techniques such as Generalised Linear Models (GLMs) and Survival Models.
- Strong communication and stakeholder management skills.
- Ability to work independently while managing multiple priorities and deadlines.
- Passion for innovation, continuous improvement and technical excellence.
- Exposure across both Protection and Longevity markets.
- Opportunity to work within a highly respected actuarial research and development function.
- Collaboration with specialist Medical Analytics and Data Science teams.
- International exposure across Europe and North America.
- Strong emphasis on innovation, research and technical development.
- Excellent opportunity for a nearly qualified actuary to broaden their experience and accelerate their progression within reinsurance.
Actuary, Assumption Development, R&D in London employer: Goodman Masson
Join a prestigious global life reinsurer that prioritises innovation and technical excellence, offering actuaries the chance to deepen their expertise while working on high-profile projects that shape the future of Protection and Longevity markets. With a collaborative work culture and strong emphasis on employee growth, you will have the opportunity to engage with experienced professionals and contribute to cutting-edge actuarial research, all within an environment that values continuous improvement and offers international exposure.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary, Assumption Development, R&D in London
✨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
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
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.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Goodman Masson. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Actuary, Assumption Development, R&D in London
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 Goodman Masson.
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 Goodman Masson'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 Goodman Masson
✨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 Goodman Masson.
✨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
Since this is a full-time position, employers at Goodman Masson will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Goodman Masson 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.
