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- Tasks: Lead stress testing and scenario analysis for a specialist BPA provider.
- Company: Join a leading firm in the UK Life insurance sector.
- Benefits: Attractive salary, professional development, and collaborative work environment.
- Why this job: Shape the future of risk management in a dynamic and impactful role.
- Qualifications: Qualified Actuary with expertise in ALM and Economic Capital.
- Other info: Opportunity to work closely with finance and risk teams for career growth.
The predicted salary is between 72000 - 108000 £ per year.
pmactuarial specialise in Actuarial search within UK Life insurance. We have been asked to find a Capital / Risk senior Actuary on behalf of a specialist BPA provider. The purpose of the role is to establish the company's overall approach to stress and scenario testing including:
- How they stress all balance sheets under specific single stress and common joint stresses
- The available management actions, when and how to apply them and the expected impact of applying such actions
- Key working assumptions and limitations of approaches taken
The role holder will work closely with Risk, plan and coordinate and deliver regulatory SST activities which include ORSA, PRA Market Risk Sensitivities and LIST. You will also work closely with the business partnering and finance teams.
The ideal candidate will be an experienced qualified Actuary with a good knowledge of ALM or Economic Capital. You will also have an in-depth knowledge of different balance sheets (IFRS, Solvency II and MCEV).
SST Actuary employer: Pmactuarial
Contact Detail:
Pmactuarial Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land SST Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those who work in Life insurance. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your knowledge of ALM and Economic Capital. We all know that confidence is key, so practice answering questions related to stress testing and regulatory activities to show you're the right fit for the role.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and expertise. Use our website to find roles that match your skills in stress and scenario testing, and tailor your approach to each one.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you fresh in the interviewer's mind. Plus, it shows your enthusiasm for the role and the company, which can make a big difference.
We think you need these skills to ace SST Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the SST Actuary role. Highlight your experience with stress testing, scenario analysis, and any relevant regulatory activities. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Mention your knowledge of ALM or Economic Capital and how you can contribute to our approach to stress testing.
Showcase Relevant Experience: When filling out your application, be sure to showcase your experience with different balance sheets like IFRS, Solvency II, and MCEV. We’re keen to see how your background fits with the needs of the role.
Apply Through Our Website: Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Pmactuarial
✨Know Your Stuff
Make sure you brush up on your knowledge of ALM and Economic Capital. Understand the nuances of IFRS, Solvency II, and MCEV as these will likely come up in conversation. Being able to discuss these topics confidently will show that you're the right fit for the role.
✨Scenario Testing Savvy
Familiarise yourself with stress and scenario testing methodologies. Be prepared to discuss how you would approach stress testing balance sheets and the management actions you would recommend. This will demonstrate your practical understanding of the role's requirements.
✨Collaboration is Key
Since the role involves working closely with Risk, finance teams, and business partners, think about examples from your past where you've successfully collaborated across departments. Highlighting your teamwork skills will show that you can integrate well into their existing structure.
✨Regulatory Knowledge
Brush up on regulatory SST activities like ORSA and PRA Market Risk Sensitivities. Being able to articulate your understanding of these processes will set you apart and show that you’re ready to hit the ground running.
