At a Glance
- Tasks: Lead the design and development of the Business Planning Model for strategic decision-making.
- Company: Fast-growing specialist (re)insurance business with a focus on innovation.
- Benefits: Competitive salary, professional growth opportunities, and a dynamic work environment.
- Other info: Collaborative role with cross-functional teams and opportunities for career advancement.
- Why this job: Make a real impact by translating complex data into actionable insights for senior management.
- Qualifications: Strong financial modelling experience in insurance or reinsurance and excellent communication skills.
The predicted salary is between 67500 - 82500 £ per year.
Selby Jennings are partnered with a fast-growing specialist (re)insurance business on the appointment of a Lead Actuary - Business Planning to join its Capital function. Reporting to the Head of Capital, the successful individual will take ownership of the organisation's Business Planning Model, leading its design, development and governance and ensuring it provides a robust foundation for forecasting, valuation, capital allocation and longer-term strategic planning. This is a highly cross-functional role sitting at the intersection of actuarial, finance and strategy. You will work closely with stakeholders across Finance, Pricing, Reserving, Underwriting, Claims and Treasury, translating complex modelling outputs into clear commercial insight for senior management and supporting wider strategic decision-making across the business.
The opportunity could suit someone from a capital, reserving, business planning or broader insurance financial-modelling background, with the emphasis on strong technical modelling capability, commercial understanding and the ability to take ownership of a strategically important model.
Key Responsibilities
- Take ownership of the Business Planning Model, leading its design, development, execution and ongoing enhancement.
- Support annual budgeting, forecasting and longer-term strategic planning through robust financial modelling and analysis.
- Develop scenario and sensitivity analysis to support senior management and board-level decision-making.
- Maintain strong model governance, including version control, integrity checks and documentation, ensuring outputs remain accurate, transparent and auditable.
- Work closely with Finance, Pricing, Reserving and Underwriting to translate business assumptions and modelling outputs into actionable commercial insight.
- Support underwriting transactions, investment appraisals and wider strategic initiatives through financial modelling and analysis.
- Manage the model's contribution to the annual business planning process and associated reporting.
- Present complex modelling outputs clearly and concisely to senior and non-technical stakeholders.
Skills & Experience
- Strong financial modelling experience gained within the insurance or reinsurance market.
- Experience building, developing or reviewing complex business planning, forecasting or financial models.
- Strong understanding of insurance financial statements, corporate finance principles and the interaction between business planning, valuation and capital.
- Good understanding of insurance capital management and relevant regulatory capital frameworks.
- Experience building deterministic models; exposure to stochastic modelling would be advantageous.
- Strong analytical and problem-solving skills with a high level of attention to detail.
- Excellent stakeholder management and communication skills, including the ability to translate technical analysis for senior and non-technical audiences.
Lead Modeller - Business Planning in London employer: Selby Jennings
Selby Jennings is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of London. Employees benefit from extensive growth opportunities, competitive compensation, and a supportive environment that encourages professional development, making it an ideal place for those looking to make a meaningful impact in the finance technology sector.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Modeller - Business Planning in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Selby Jennings). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Selby Jennings. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Lead Modeller - Business Planning in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Selby Jennings.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Selby Jennings. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Selby Jennings
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Selby Jennings to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Selby Jennings, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Selby Jennings's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
