At a Glance
- Tasks: Join a specialist capital team to analyse and enhance actuarial models.
- Company: Leading UK life insurer with a collaborative actuarial environment.
- Benefits: Gain exposure to strategic projects and work closely with senior stakeholders.
- Other info: Opportunity for significant professional growth and learning from experienced colleagues.
- Why this job: Develop your career in capital modelling while making a real impact.
- Qualifications: Nearly qualified or newly qualified actuary with UK life insurance experience.
The predicted salary is between 60000 - 80000 £ per year.
We're supporting a leading UK life insurer in the appointment of a nearly qualified or newly qualified actuary to join a specialist capital team. This is an excellent opportunity to build your expertise in capital modelling, internal model calibration and stress testing within a highly collaborative actuarial environment. Alongside core capital activities, you'll contribute to business‑critical projects, helping to shape methodologies, enhance models and support strategic decision‑making. The role offers broad exposure across Finance and Risk, with regular interaction with senior stakeholders and the opportunity to influence both regulatory and commercial outcomes.
Key Responsibilities
- Analyse demographic and economic experience to support actuarial assumptions.
- Perform calibration of stresses within the internal capital model.
- Design, execute and review stress testing to support internal model development and capital management.
- Support the ongoing enhancement and validation of capital methodologies.
- Produce high‑quality actuarial analysis and reporting to support regulatory requirements and business decision‑making.
- Contribute to capital and change projects, including model enhancements and process improvements.
- Present technical findings and recommendations to a range of stakeholders across the business.
- Support the continuous development of actuarial models, assumptions and methodologies.
About You
This opportunity is suited to a nearly qualified or newly qualified actuary looking to develop their career within capital and risk. To be successful, you'll have:
- Nearly qualified (typically 1-2 actuarial exams remaining) or recently qualified.
- Experience within UK life insurance.
- A strong understanding of Solvency II / Solvency UK requirements (essential).
- Experience in one or more of: Internal model development or maintenance, Capital management, Actuarial risk management.
- Exposure to calibration, stress testing or capital modelling activities.
- Strong analytical skills and the ability to apply sound actuarial judgement to complex problems.
- Excellent communication skills, with the confidence to explain technical concepts to a range of stakeholders and build effective working relationships across the business.
- Experience using Emblem, GLMs or R would be advantageous.
Why Apply?
This is an opportunity to work on technically challenging capital work while gaining exposure to projects that extend beyond day‑to‑day reporting. You'll benefit from:
- Significant involvement in internal model calibration and stress testing.
- Exposure to strategic capital initiatives and business change projects.
- A collaborative actuarial team with opportunities to learn from experienced colleagues.
- Regular interaction with senior stakeholders across Finance and Risk.
- A role that combines technical depth with commercial impact.
Life Actuary (Capital) employer: Oliver James
Join a leading UK life insurer that prioritises employee development and collaboration within a dynamic actuarial environment. As a Life Actuary, you'll not only enhance your technical skills in capital modelling and stress testing but also engage with senior stakeholders, contributing to impactful business decisions. With a strong focus on career growth and a supportive team culture, this role offers a unique opportunity to shape your future while making a meaningful contribution to the organisation.
StudySmarter Expert Advice🤫
We think this is how you could land Life Actuary (Capital)
✨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 Oliver James. 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 Life Actuary (Capital)
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 Oliver James.
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 Oliver James'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 Oliver James
✨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 Oliver James.
✨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 Oliver James 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 Oliver James 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.
