At a Glance
- Tasks: Support risk functions and validate internal model changes as a Life Actuary.
- Company: Join a leading insurance organisation known for excellence and innovation in financial services.
- Benefits: Enjoy a flexible home working contract with competitive day rates, outside IR35.
- Other info: Remote work is available, but applicants must be UK-based; interviews start early January.
- Why this job: Gain valuable experience in a dynamic environment while contributing to impactful risk management strategies.
- Qualifications: Qualified Life Actuary with 2nd line experience and strong credit risk knowledge required.
My client is looking for an experienced Life Actuary to support their risk function through 2025. You will support the 2nd Line function primarily to validate changes to the Internal model. You will also gain exposure to reviewing Matching Adjustments. The business is offering an outside IR35 day rate contract. The business is looking for a qualified actuary with experience in a 2nd line role. The ideal candidate will have strong credit risk knowledge.
Start: ASAP Q1 2025
Duration: 6 months initial contract
Location: South West. Full home working contract considered but you MUST be UK based. No overseas working will be considered.
Rate: Disclosed on application and dependent on experience.
Required experience:
- Qualified Life Actuary
- Previous experience in a 2nd line role working on internal model validation
- Strong knowledge of Credit Risk. Corporate bond spread risk would be of particular interest.
- Knowledge of matching adjustments is an advantage but not mandatory.
The client will interview early January so please apply today or send your CV through to Chris.Armstrong@oliverjames.com.
Client Overview: Our client is a leading organization in the Insurance industry, renowned for their commitment to excellence and innovation in financial services. They are currently seeking a seasoned professional with expertise in Solvency II and Second Line Actuarial functions for a contract role within their Actuarial Department.
Role & Responsibilities:
- Support the implementation of the Solvency II directive focusing on the qualitative requirements under Pillar 2, specifically tailored to life insurance operations.
- Maintain oversight of the compliance processes related to Solvency II Pillar 2 requirements.
- Collaborate effectively with internal stakeholders to ensure that actuarial functions incorporate up-to-date regulatory frameworks.
- Deliver comprehensive reports and provide insights regarding risk management and solvency positions under different scenarios.
- Drive improvements and strategies for risk assessment procedures, stress testing, and scenario analysis.
Key Skills:
- Proven expertise in Pillar 2 of the Solvency II framework, particularly in the context of life insurance.
- Strong analytical skills with the ability to manage large data sets and perform risk analysis and financial modeling.
- Excellent communication skills, capable of discussing technical subjects with stakeholders within and outside the actuarial department.
- Professional experience in managing regulatory relationships and compliance processes.
- A keen eye for detail and a proactive approach to problem-solving within a highly regulated environment.
Risk Actuary - 2nd line - Day Rate (Outside IR35) in London employer: Oliver James
Our client is a leading organisation in the Insurance industry, offering a dynamic work environment that fosters innovation and excellence. With a strong commitment to employee development, they provide opportunities for professional growth and a supportive culture that values collaboration and integrity. Located in the South West, this role allows for full home working, making it an ideal choice for actuaries seeking flexibility while contributing to impactful risk management initiatives.
Contact Detail:
Oliver James Recruiting Team
Chris.Armstrong@oliverjames.com
StudySmarter Expert Advice🤫
We think this is how you could land Risk Actuary - 2nd line - Day Rate (Outside IR35) in London
✨Tip Number 1
Network with professionals in the actuarial field, especially those who have experience in 2nd line roles. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in risk management.
✨Tip Number 2
Familiarise yourself with the Solvency II framework, particularly Pillar 2 requirements. Being able to discuss your understanding of these regulations during interviews will demonstrate your expertise and commitment to compliance.
✨Tip Number 3
Prepare to discuss specific examples from your previous roles where you validated internal models or managed credit risk. Highlighting your hands-on experience will make you stand out as a candidate.
✨Tip Number 4
Stay updated on current trends in life insurance and risk assessment. Being knowledgeable about recent developments can help you engage in meaningful conversations during interviews and show your passion for the field.
We think you need these skills to ace Risk Actuary - 2nd line - Day Rate (Outside IR35) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your qualifications as a Life Actuary and your experience in a 2nd line role. Emphasise your knowledge of credit risk and any relevant projects you've worked on, particularly those involving internal model validation.
Craft a Strong Cover Letter:Write a cover letter that specifically addresses the requirements mentioned in the job description. Discuss your expertise in Solvency II and how your skills align with the responsibilities of the role, such as risk assessment and compliance processes.
Showcase Relevant Experience:In your application, provide examples of your previous work related to the Solvency II framework and any experience you have with matching adjustments. This will demonstrate your capability to handle the tasks outlined in the job description.
Proofread Your Application:Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in the actuarial field.
How to prepare for a job interview at Oliver James
✨Showcase Your Actuarial Expertise
Make sure to highlight your qualifications as a Life Actuary and any relevant experience in a 2nd line role. Be prepared to discuss specific projects where you've validated internal models or worked with Solvency II requirements.
✨Demonstrate Strong Credit Risk Knowledge
Since the role requires strong credit risk knowledge, be ready to discuss your understanding of corporate bond spread risk and how it impacts actuarial functions. Use examples from your past work to illustrate your expertise.
✨Prepare for Technical Discussions
Expect to engage in technical discussions about risk management and solvency positions. Brush up on your ability to explain complex actuarial concepts clearly, as you'll need to communicate effectively with both technical and non-technical stakeholders.
✨Ask Insightful Questions
Prepare thoughtful questions about the company's approach to risk assessment and compliance processes under Solvency II. This shows your genuine interest in the role and helps you assess if the company aligns with your career goals.
