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- Tasks: Lead the development of a Partial Internal Model and oversee a talented team.
- Company: Join a renowned UK life & pensions company with a collaborative culture.
- Benefits: Enjoy hybrid working options for flexibility and work-life balance.
- Why this job: Make a significant impact on business success while fostering innovation and teamwork.
- Qualifications: Expertise in actuarial practices and strong leadership skills required.
- Other info: Stay ahead of industry trends and ensure compliance with regulatory standards.
The predicted salary is between 72000 - 108000 £ per year.
TAG is seeking an experienced actuarial leader with internal model expertise on behalf of our client, a renowned UK life & pensions company. Their hybrid working model offers the best of both worlds – home working as well as a fun, collaborative office environment - meaning flexible working patterns to accommodate individual needs.
High level overview of role:
- Lead the development of the Partial Internal Model to a successful application ensuring they have an internal model that supports their ambitions as a business.
- Developing the PIM is a key component of the business success, helping to drive the PIM to a successful regulatory approval through motivating the team and developing innovative solutions.
- Work closely with the business's senior leaders, building strong partnerships with external consultants and supporting regulatory engagement.
- Build collaborative relationships across the business to reach a successful outcome.
- Oversee the development of all aspects of the PIM including model development, calibration, validation and systems and processes.
- Lead a talented team of actuaries and analysts, fostering an open and transparent culture of excellence and continuous improvement.
- Stay ahead of emerging trends, technical advancements, and evolving regulations to ensure a competitive edge.
- Ensure that the PIM can be delivered by the reporting functions to provide informative and timely data to support strategic decision making.
- Maintain competence and fitness and propriety standards to the level required by the Company’s regulators.
- Ad hoc tasks as required.
- Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and notify the regulator(s) of matters reasonably expected to be notified.
Key competencies:
- Technical actuarial knowledge relevant to the development and delivery of a PIM.
- Ability to develop, draft and edit technical actuarial/PIM documentation.
- Good presentation, communication, delegation, negotiation, conflict management skills.
- Excellent planner and organiser.
- Critical thinking and problem solving skills.
- Facilitator and coach, able to bring the best from a team.
- Influential and able to build productive relationships at all levels.
- Pragmatic, adaptable and flexible.
Contact Detail:
The Actuary Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Actuarial Development - (Partial Internal Model)
✨Tip Number 1
Network with professionals in the actuarial field, especially those who have experience with internal models. Attend industry events or webinars to connect with potential colleagues and learn about their experiences.
✨Tip Number 2
Stay updated on the latest trends and regulations in the actuarial profession. Subscribe to relevant journals or follow thought leaders on social media to ensure you’re knowledgeable about current developments that could impact the Partial Internal Model.
✨Tip Number 3
Prepare to discuss your leadership style and how you foster a culture of excellence within a team. Think of specific examples where you've motivated teams or driven successful projects, as this will resonate well with the hiring managers.
✨Tip Number 4
Research the company’s values and recent initiatives related to their Partial Internal Model. Tailor your conversations during interviews to reflect how your skills and experiences align with their goals and how you can contribute to their success.
We think you need these skills to ace Head of Actuarial Development - (Partial Internal Model)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your experience in actuarial development and internal models. Use specific examples that demonstrate your leadership skills and technical knowledge relevant to the Partial Internal Model.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss how your background aligns with the key competencies mentioned in the job description, such as your ability to lead teams and develop innovative solutions.
Showcase Relevant Experience: When detailing your work history, focus on roles where you have successfully led projects related to internal models or regulatory approvals. Highlight any achievements that demonstrate your critical thinking and problem-solving skills.
Prepare for Potential Questions: Anticipate questions related to your experience with Partial Internal Models and your approach to team leadership. Be ready to discuss how you stay updated on emerging trends and regulations in the actuarial field.
How to prepare for a job interview at The Actuary Group
✨Showcase Your Technical Expertise
As a candidate for the Head of Actuarial Development, it's crucial to demonstrate your deep understanding of internal models. Be prepared to discuss specific examples of your experience with model development, calibration, and validation, as well as any innovative solutions you've implemented in previous roles.
✨Emphasise Leadership Skills
This role requires leading a talented team, so highlight your leadership style and how you foster a culture of excellence and continuous improvement. Share examples of how you've motivated teams in the past and built collaborative relationships across departments.
✨Prepare for Regulatory Discussions
Since regulatory engagement is a key part of this position, be ready to discuss your experience with compliance and how you've navigated regulatory frameworks in previous roles. Familiarise yourself with the FCA’s conduct rules and be prepared to explain how you would ensure adherence within the team.
✨Stay Ahead of Industry Trends
Demonstrating your knowledge of emerging trends and technical advancements in the actuarial field can set you apart. Research current developments in the industry and be ready to discuss how these could impact the business and the Partial Internal Model specifically.
