Actuary

We are looking for an enthusiastic, resourceful and proactive early‑career Actuary to join MO’s Insurance Risk team during an exciting period of development for MO’s insurance arrangements. This role reports to the Lead Actuary and is ideal for someone with actuarial experience who wants to deepen technical skills—particularly in capital modelling and reserving—within a small but high‑impact team.

Responsibilities

• Support the development, maintenance and use of the insurance components of MO’s economic capital model.
• Reserve in support of MO Reinsurance Limited.
• Price in support of our relationship with our insurance partner.
• Work with our broker to analyse and support our reinsurance programmes.
• Co‑ordinate development of the actuarial approach applied, working with actuaries and consultants to carry out analysis in‑house wherever possible.
• Interact extensively with third parties who support MO’s risk model, including the insurance partner, reinsurance broker, peer‑review partner, auditors and MO risk‑management leaders.

Study Support & Development

Upon successfully completing the probation period and demonstrating satisfactory progress in the role, MO will support the successful applicant with actuarial study days and payment of relevant fees as the Actuary works through IFOA exams.

About You

• Actuarial or analytical experience within insurance or a related environment.
• Experience or interest in general insurance capital modelling and/or reserving/pricing.
• Exposure to capital modelling (economic capital, solvency, stress & scenario testing) is highly preferred.
• Experience with Tyche or similar actuarial modelling software is desirable but not essential.
• Strong organisational skills, self‑starter, ability to prioritise and manage workload.
• Disciplined, structured approach and methodology.
• Enjoys solving problems and delivering smart solutions.
• Works collaboratively or independently to achieve objectives.
• Excellent written, oral, presentation and interpersonal skills; able to present information confidently to both technical and non‑technical audiences.
• Graduate with a relevant numerical degree.
• Progress towards IFoA qualification, typically with passes in CS1 and/or CM1, and strong interest in general/motor insurance.
• Strong analytical skills, including advanced Excel and experience working with large datasets (Python or R experience is an advantage but not required).
• Candidates with capital modelling or reserving experience, and/or motor insurance experience, are strongly preferred.

About The Company

Motability Operations is a unique organisation that combines a strong sense of purpose with a real commercial edge to provide worry‑free mobility solutions to over 800,000 customers and their families across the UK. We drive the largest car fleet operator in the UK, operating a nationwide network of around 5,000 dealers and partnering with all the major manufacturers. We pride ourselves on delivering outstanding customer service, achieving an independently verified satisfaction rating of 9.8/10.

Our Values

• We find solutions.
• We operate with integrity, transparency and authenticity.
• We respect, support and collaborate in a community that values diverse perspectives.

Benefits you can expect

• An annual discretionary bonus.
• Life assurance at 4× your basic salary.
• Discounted electric/hybrid car salary‑sacrifice scheme.
• Access to the Cycle to Work Scheme (on‑site showers, changing rooms and secure bike sheds).
• 28 days annual leave with the option to purchase and sell days.
• Funded private medical insurance cover and critical illness insurance.
• Free access to health‑wellness apps such as Peppy, Unmind, Aviva Digital GP.
• Funded health screening for over 50s.
• One day per year to volunteer (paid).
• Access to an all‑accessible company allotment.
• Prayer room and quiet spaces for on‑site work.
• Optional voluntary benefits: cancer screening, gym membership discounts, charitable giving.

At Motability Operations we believe in building a diverse workforce, nurturing an environment where employees can work as their true selves, and we equally reward people regardless of race, nationality, ethnicity, sexual orientation, age, disability or gender. All our offices provide first‑rate disability access and we accommodate part‑time and flexible working requests where possible.

Please note, Motability Operations reserves the right to bring forward the closing date of any of its job vacancies if we receive a suitable number of quality applications. Therefore, we recommend that you apply as soon as possible rather than wait until the published closing date.