Actuarial Reporting Team Lead

Actuarial Reporting Team Lead

Full-Time 60000 - 80000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead actuarial reporting and analysis for group, management, and regulatory purposes.
  • Company: Join a leading life insurance company with a focus on innovation and teamwork.
  • Benefits: Competitive salary, generous pension, private medical insurance, and ongoing professional development.
  • Other info: Embrace continuous improvement and enjoy a collaborative culture.
  • Why this job: Make a real impact by leading a high-performing team in a dynamic environment.
  • Qualifications: Qualified Actuary (FIA) with experience in actuarial reporting and strong leadership skills.

The predicted salary is between 60000 - 80000 £ per year.

The Actuarial Reporting Team Lead is responsible for leading the delivery of actuarial review and analysis for group, management, regulatory and statutory reporting. The role combines strong technical actuarial capability with team leadership, ensuring high quality outputs, effective controls, and clear explanations of results. The role is hands on and delivery focused, leading a team to deliver in a clear, timely and controlled manner.

What will you be doing:

  • Lead the consolidation, review and delivery of actuarial results for IFRS 17, Solvency II and internal management reporting.
  • Oversee timely and accurate quarterly reporting, working closely with the Head of Modelling & Production and escalating issues to senior management where needed.
  • Manage the production and review of Solvency II Own Funds, Matching Adjustment PLAs and Quantitative Reporting Templates (QRTs).
  • Deliver actuarial reporting across multiple frameworks including PRA returns, CIFRS, LICAT and UK GAAP.
  • Analyse experience, assumption changes and key drivers of results, translating complex outcomes into clear, meaningful insights.
  • Prepare high quality presentations and reports, including explaining IFRS 17 and Solvency II technical provisions to senior leadership in the UK and Canada.
  • Maintain robust documentation, controls and evidence to meet internal standards and external audit requirements.
  • Lead responses to audit queries and internal reviews, resolving issues efficiently and professionally.
  • Provide day to day leadership, coaching and technical oversight to qualified actuaries and trainees.
  • Set direction, review work and ensure actuarial and accounting principles are consistently applied.
  • Manage performance, support development and foster a collaborative, high performing team culture.
  • Champion efficiency and continuous improvement across actuarial reporting processes.
  • Work closely with reporting and production teams to streamline processes and eliminate duplication.
  • Lead expense basis reviews and obtain Actuarial Oversight Function sign off.
  • Review and sign off results across reporting bases to ensure appropriateness and consistency.

What Experience will you have:

  • Experience of working in an actuarial reporting team within a life insurance company.
  • Good knowledge of IFRS 17 and Solvency II frameworks.
  • In depth knowledge and experience of actuarial valuation rules, requirements and techniques.
  • Able to build relationships and gain trust and respect at all levels.
  • Strong attention to detail and ability to review actuarial work to a high standard.
  • Confidence using actuarial models, spreadsheets and reporting tools.
  • Strong organisational skills and a proven track record at delivering reporting requirements under tight deadlines.
  • Strong communication skills (able to communicate technical and complex issues both verbally and in writing to senior audiences including non-actuaries).
  • Proven track record of leading a team.
  • Demonstrates a continuous improvement mindset.

Qualifications:

  • Qualified Actuary FIA.

Benefits:

We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development.

Actuarial Reporting Team Lead employer: Irish Life Group Services Limited

At Canada Life UK, we pride ourselves on being an exceptional employer, offering a dynamic work environment that fosters collaboration and innovation. Our Actuarial Reporting Team Lead role not only provides competitive salaries and comprehensive benefits, including a generous pension scheme and private medical insurance, but also emphasises personal and professional development, ensuring our employees thrive in their careers. With a strong focus on team culture and continuous improvement, we empower our actuaries to lead impactful projects while maintaining a healthy work-life balance in a supportive atmosphere.
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Contact Detail:

Irish Life Group Services Limited Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Actuarial Reporting Team Lead

✨Tip Number 1

Network like a pro! Reach out to your connections in the actuarial field and let them know you're on the lookout for opportunities. You never know who might have the inside scoop on a role that’s perfect for you.

✨Tip Number 2

Prepare for interviews by brushing up on IFRS 17 and Solvency II frameworks. Be ready to discuss how your experience aligns with the job description, especially around delivering high-quality outputs and leading teams.

✨Tip Number 3

Showcase your leadership skills! When chatting with potential employers, highlight your experience in managing teams and driving continuous improvement in reporting processes. They’ll want to see how you can lead their actuarial team to success.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.

We think you need these skills to ace Actuarial Reporting Team Lead

Actuarial Reporting
IFRS 17
Solvency II
Quantitative Reporting Templates (QRTs)
PRA returns
CIFRS
LICAT
UK GAAP
Analytical Skills
Communication Skills
Team Leadership
Attention to Detail
Technical Oversight
Continuous Improvement Mindset
Relationship Building

Some tips for your application 🫡

Tailor Your CV: Make sure your CV reflects the specific skills and experiences that match the Actuarial Reporting Team Lead role. Highlight your experience with IFRS 17 and Solvency II, and don’t forget to showcase your leadership skills!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the team. Mention your experience in actuarial reporting and how you’ve led teams to success in the past.

Showcase Your Communication Skills: Since this role involves explaining complex actuarial concepts to senior leadership, make sure to demonstrate your communication skills in your application. Use clear and concise language to convey your points.

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team!

How to prepare for a job interview at Irish Life Group Services Limited

✨Know Your Actuarial Stuff

Make sure you brush up on IFRS 17 and Solvency II frameworks before the interview. Be ready to discuss how these regulations impact actuarial reporting and share examples of your experience with them.

✨Showcase Your Leadership Skills

Prepare to talk about your experience leading teams. Think of specific instances where you coached team members or improved processes. Highlight how you foster a collaborative environment and drive performance.

✨Communicate Clearly

Practice explaining complex actuarial concepts in simple terms. You might need to present findings to senior leadership, so being able to convey technical information clearly is key. Use examples from your past to demonstrate this skill.

✨Be Detail-Oriented

Since attention to detail is crucial in actuarial work, be prepared to discuss how you ensure accuracy in your reports. Bring examples of how you've maintained robust documentation and met audit requirements in previous roles.

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