At a Glance
- Tasks: Perform actuarial valuations and analyse financial risks using advanced mathematical models.
- Company: Scottish Friendly, a member-focused financial services group with over 150 years of experience.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Join a dynamic team in Glasgow with excellent career growth opportunities.
- Why this job: Make a real impact in financial services while developing your actuarial skills.
- Qualifications: Proficiency in actuarial techniques and strong analytical skills required.
The predicted salary is between 40000 - 50000 € per year.
Scottish Friendly, based in Glasgow, is a dynamic financial services group offering a wide range of financial products and services. As a friendly society with no shareholders, all profits are reinvested for the benefit of its 700,000 members. Established in 1862, Scottish Friendly has over 150 years of experience in savings and investments and manages assets worth more than £5 billion as of November 2020. The organisation is authorised by the Prudential Regulation Authority, regulated by both the Financial Conduct Authority and the Prudential Regulation Authority, and is a member of ABI and AFM.
This is a full-time, on-site role based in Glasgow for an Actuarial Valuation Analyst. The successful candidate will perform regular actuarial valuation activities, including developing and analyzing mathematical models to assess financial risks. Key responsibilities include:
- Calculating and reporting on various reserves
- Producing regulatory returns
- Providing insights for risk management
- Collaborating with internal stakeholders to ensure compliance and optimize financial performance
In this role, you will ensure the accurate delivery of valuation results to meet internal and external requirements while supporting ongoing projects within the actuarial team.
Qualifications
- Proficiency in actuarial valuation techniques, financial modeling, and risk assessment
- Strong analytical and problem-solving skills to interpret complex financial data
- Experience with actuarial software and programming tools such as Prophet, VBA, or SQL
- Familiarity with regulatory requirements, including Solvency II, IFRS, or equivalent frameworks
- Strong communication skills to present analytical findings to stakeholders
- Ability to work collaboratively in a team and meet deadlines with attention to detail
- Relevant exam progress or membership with a recognized actuarial body (e.g., IFoA)
Actuarial Valuation Analyst in Glasgow employer: Scottish Friendly
Scottish Friendly is an exceptional employer, offering a supportive work culture that prioritises employee development and well-being. Located in the vibrant city of Glasgow, employees benefit from a collaborative environment where their contributions directly impact the financial security of over 700,000 members. With a commitment to reinvesting profits for member benefit and a rich history of over 150 years, Scottish Friendly provides meaningful career opportunities in the financial services sector.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Valuation Analyst in Glasgow
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Scottish Friendly on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your actuarial knowledge and the latest industry trends. We recommend practising common interview questions and having examples ready that showcase your analytical skills and teamwork.
✨Tip Number 3
Showcase your tech skills! If you’ve got experience with actuarial software like Prophet or programming tools like SQL, make sure to highlight that in your conversations. It’s a big plus for the role!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in joining the team at Scottish Friendly.
We think you need these skills to ace Actuarial Valuation Analyst in Glasgow
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Actuarial Valuation Analyst role. Highlight your experience with actuarial techniques, financial modelling, and any relevant software skills. We want to see how your background aligns 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 passionate about this role at Scottish Friendly and how your skills can contribute to our team. Keep it concise but impactful – we love a good story!
Showcase Your Analytical Skills:Since this role involves a lot of data interpretation, make sure to showcase your analytical and problem-solving skills in your application. Give examples of how you've tackled complex financial data in the past – we’re all about those insights!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to keep track of your application status. Plus, we love seeing applications come directly from our site!
How to prepare for a job interview at Scottish Friendly
✨Know Your Numbers
Brush up on your actuarial valuation techniques and financial modelling skills. Be ready to discuss specific examples of how you've used these skills in past roles or projects. This will show that you not only understand the theory but can apply it practically.
✨Familiarise with Regulations
Make sure you’re well-versed in regulatory requirements like Solvency II and IFRS. Prepare to discuss how these frameworks impact your work and be ready to share any experiences you have in ensuring compliance in previous roles.
✨Practice Problem-Solving
Expect to tackle some complex financial data during the interview. Practise explaining your thought process when solving problems, as this will demonstrate your analytical skills and ability to interpret data effectively.
✨Communicate Clearly
Strong communication is key! Prepare to present your analytical findings clearly and concisely. Think about how you can explain complex concepts in a way that’s easy for stakeholders to understand, as this will highlight your collaborative spirit.
