Actuary - Financial & Insurance Risk in Glasgow

Do you want to be part of something more than just a financial services business? Do you believe everyone, regardless of wealth, should have the opportunity to save and look after their loved ones? Do you want to be part of something that has been here for 160 years and help it be here for 160 more?

Scottish Friendly have an exciting opportunity to join our team. Based in Glasgow City Centre, we are one of the most progressive mutual life insurance offices in the UK. We have a strong, clear culture which has grown since 1862 with our customers and colleagues of today and the future being at the heart of that growth.

In this role you will also have exposure to senior stakeholders and regular interactions with colleagues in different departments across the business, allowing you to see how the work you are doing impacts the success of the Society.

Reporting to our Head of Financial & Insurance Risk, the successful candidate will get involved in a wide variety of risk and actuarial oversight work including:

• Working as part of the team to deliver the Pillar 2 methodology, models and ORSA results.
• Preparation of the annual ICARA reporting for SFAM.
• Preparing quarterly risk reporting for submission to Executive and Risk Committees.
• In-depth risk assurance around key projects, asset management activities, and product development.
• Managing the emerging risk identification process.
• Supporting the maintenance of the risk management framework, including setting risk appetite and risk policies.
• Supporting the business to develop and maintain a clear risk-culture.
• Building relationships with stakeholders across the business.
• Attending key committees and providing risk oversight.
• Presenting reports to a range of internal stakeholders.

The successful candidate will be a nearly or newly qualified actuary with experience of having worked across a range of actuarial topics within the pensions, life insurance and/or savings sector. You will have strong attention to detail with a risk-based mindset and financial modelling experience including testing and documenting.

With assets under management of over £4.2bn and more than 853,000 members we have lots to look after and lots more to do. If you want to be part of the team and you think this is you, we would love to hear from you.

We support life inside and outside work, offering:

• Recognition awards: Win exciting prizes, including one weeks’ annual leave plus £3,000 spending money.
• Refer-a-friend scheme: Earn rewards for bringing talented friends to our team.
• Annual Leave: 25 days annual leave (rising to 28 with service) plus 8 bank holidays, and options to buy or sell extra days.
• Supporting the future: 10% employer pension contribution, 4 x group life cover.
• Getting around: Access to cycle-to-work schemes, Electric Vehicle scheme* and travel loans.
• Wellbeing: 24/7 GP access, EAP, Private Healthcare, and free legal/financial advice a variety of savings at top high street and online retailers.
• Hybrid model with up three remote days per week, totalling 35 hours per week Monday to Friday.

We are committed to creating an inclusive environment where all colleagues feel valued, respected and represented. If you require any accommodations during the application process, please don’t hesitate to let us know.