General Insurance Chief Actuary in Wellington

End Date: Wednesday 24 June 2026

Salary Range: £156,681 - £184,330

Flexible Working Options: Hybrid Working

Job Description Summary: Reporting to the Group Chief Actuary, this General Insurance Chief Actuary role directs a team of actuarial professionals. The role includes crafting the operating model and working closely with participants. It supports business planning and decisions by providing insight, control, and thought leadership. This is an SMF20 role subject to the relevant regulatory obligations.

Key Accountabilities:

• Responsible for delivering elements related to reserves, capital, and liquidity, including maintaining and improving processes and models. Also provides pricing and underwriting support.
• Proactively consider forward-looking capital and optimisation projects for the General Insurance business and its engagement with the wider business of the Group.
• Lead processes to deliver regular and ad-hoc insightful information to influence business decisions.
• Contributes to the strategic direction of the General Insurance business, applying insight to support participation, product, rate setting, and risk assessment options.
• Lead actuarial projects or provide actuarial advice to corporate projects with an impact across the divisions.
• Maintain a high performing team to ensure colleagues are led, mentored and developed.
• Ensure self and team maintain positive interaction with key business and finance collaborators with a view to continuous improvement in working relationships and working practices.
• Interpret and translate policy into processes for functional areas and business divisions.
• Proactively build and maintain an external and internal network for the purpose of commercial understanding and/or the protection of customers.
• Incorporate new regulatory standards while advising and providing updates to the board.
• Lead all aspects of General Insurance and other governance bodies on technical, strategic, and regulatory issues. This includes the reserved roles under UK Solvency II.
• Develop a positive relationship with the PRA, contributing to and leading discussions on actuarial and risk items, Solvency II and internal model maintenance and development.
• Promote positive engagement with Risk and Internal Audit.
• Sustain a positive tone at the top.
• Ensure appropriate risk focus in decision-making.
• Maintain a strong control, governance, and compliance structure.
• Review and make recommendations relating to the Organisation build to ensure it is fit for purpose.
• Support the wider education of the business in all matters GI.

Knowledge/Capabilities:

• Qualified actuary with extensive experience of GI pricing, capital (quantification, reporting, management and monitoring), reserving (including claims processes and reserve monitoring/setting), Liquidity management and ALM.
• Business Planning experience, especially stress and sensitivity.
• Entity / Reinsurance structure knowledge.
• Sound knowledge of market consistent techniques, policies/risk appetite, SII Internal Model and its calibrations, SII legislative requirements, the wider regulatory context and practical implications.
• Track record of: Being able to explain sophisticated technical matters to broader senior audiences.
• Ability to have difficult conversations at any level in the Organisation, provide constructive challenges and effective oversight of significant/sophisticated businesses.
• Delivering sophisticated projects across different functions; taking practical decisions to deliver what’s required on time and within budget.
• Leading others through change.

Employee Benefits and EEO:

We offer reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns. As a Disability Confident Leader, we guarantee interviews for a fair and proportionate number of applicants who meet the minimum criteria for the role with a disability, long-term health or neurodivergent condition through the Disability Confident Scheme. We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.

We also offer a wide-ranging benefits package, which includes:

• A generous pension contribution of up to 15%
• An annual performance-related bonus
• Share schemes including free shares
• Benefits you can adapt to your lifestyle, such as discounted shopping
• 30 days’ holiday, with bank holidays on top
• A range of wellbeing initiatives and generous parental leave policies