At a Glance
- Tasks: Lead independent validation of models and ensure compliance with regulatory standards.
- Company: One of the UK’s leading insurers with a focus on risk management.
- Benefits: Hybrid working, competitive pay, and opportunities for professional growth.
- Other info: Dynamic role with mentorship opportunities and exposure to industry trends.
- Why this job: Shape the future of risk management and influence key decisions at the highest levels.
- Qualifications: Qualified actuary with experience in model validation and strong leadership skills.
The predicted salary is between 70000 - 90000 £ per year.
Location: London
Hybrid working - 3 days in the office
Length: 3 months
Ready to shape the future of risk management at one of the UK’s leading insurers? We’re looking for a dynamic, qualified actuary to lead our Independent Model Validation team. You’ll play a pivotal role in ensuring our Internal Economic Capital Model (IECM) meets the highest regulatory standards, driving best-in-class model risk oversight, and influencing decisions at the highest levels—including Board and Audit Committees.
What you’ll do:
- Lead the independent validation of our IECM and significant models, ensuring compliance with Solvency UK and regulatory requirements.
- Develop and enhance validation frameworks, processes, and annual plans.
- Produce impactful reports for senior leadership and committees.
- Oversee model risk management, maintain model inventories, and set best practices.
- Mentor and develop a high-performing validation team.
- Build strong relationships with senior stakeholders and stay ahead of industry trends.
What you’ll bring:
- Qualified actuary (AC11 or equivalent) with deep experience in independent model validation or capital modelling and technical review in general insurance.
- Strong knowledge of insurance principles, risk management, compliance, and regulatory frameworks.
- Proven leadership, people management, and strategic insight.
Actuary in Cardiff employer: Lorien
Join a leading UK insurer that champions innovation and excellence in risk management. With a hybrid working model, you’ll enjoy the flexibility of three days in the office while being part of a collaborative culture that prioritises professional growth and mentorship. Our commitment to regulatory compliance and best practices ensures that you will be at the forefront of industry standards, making a meaningful impact on our Independent Model Validation team.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary in Cardiff
✨Tap into Local Agencies
For temporary roles like the one at Lorien, don't overlook local recruitment agencies that specialise in the insurance sector. They often have inside info on your local market and can help you get your foot in the door quicker!
✨Seasonal Opportunities Are Gold
Insurance companies often ramp up staffing for specific seasons, especially during peak times like annual policy renewals. Keep an eye out for those temporary gigs and be ready to jump in. Make sure you’re on our website regularly to catch those listings!
✨Network with Industry Pros
Join insurance-focused online platforms and forums to connect with professionals who can share insider tips about temporary roles. Attend local industry meetups or workshops to widen your network; sometimes it’s all about who you know!
✨Showcase Your Flexibility
For temp roles, employers are often looking for candidates who can hit the ground running. Highlight any previous experience you have in fast-paced environments on your profile or during interviews, so Lorien knows you can adapt quickly to their needs!
We think you need these skills to ace Actuary in Cardiff
Some tips for your application 🫡
Highlight Relevant Certifications:In the insurance world, having the right qualifications can set you apart. If you've got any certifications like Cert CII or other relevant credentials, make sure they're front and centre on your CV. It shows you're committed to the industry and ready to hit the ground running!
Showcase Your Customer Service Skills:Insurance is all about helping clients through tricky times. Use your application to mention your previous customer service experience or soft skills like problem-solving and empathy. These are crucial for any temporary role in the insurance sector, so don’t shy away from flexing these muscles!
Tailor Your CV for the Temp Role:For a temporary position, it's all about demonstrating your ability to adapt quickly. Tailor your CV to highlight experiences that show you can jump in and make an impact immediately. Mention short projects, freelance gigs, or any fast-paced roles that show you thrive in dynamic environments.
Be Clear About Availability:In your cover letter, clearly state your availability for the temporary role. Since this is a short-term gig, emphasising your flexibility and readiness to start immediately can really catch Lorien's eye. Remember, they need someone who can fit right in, so make it easy for them to see you as that person!
How to prepare for a job interview at Lorien
✨Master the Basics of Underwriting
Since you're aiming for a temporary role in insurance, brush up on the basic principles of underwriting. Be ready to discuss how you would assess risks and make simple decisions on policy issuance, as these are likely to come up in technical questions.
✨Familiarise Yourself with Relevant Regulations
Insurance is heavily regulated, so it helps to be familiar with key regulations that affect the industry. Bring up any specific legislation you're aware of and how it could impact your work at Lorien. This shows you're engaged and knowledgeable.
✨Highlight Your Flexibility
As it's a temporary position, it's crucial to stress your adaptability. Talk about previous experiences where you had to pick up new tasks quickly or adjust to changing needs. Employers will appreciate your willingness to jump in and get the job done without a long onboarding process.
✨Prepare to Discuss Claims Processing
Be ready to dive into discussions around claims processing, as this might be a big part of your role. Bring along examples of how you've approached problem-solving in past roles, especially if you've dealt with customer claims or insurance queries before. It's a great way to show your relevant experience.
