At a Glance
- Tasks: Join a dynamic team to develop innovative actuarial assumptions for global markets.
- Company: Prestigious global life reinsurer with a focus on research and development.
- Benefits: Gain international exposure, collaborate with experts, and accelerate your career.
- Other info: Collaborative culture with opportunities for professional growth and innovation.
- Why this job: Make a real impact on pricing and product development in the reinsurance industry.
- Qualifications: Nearly qualified or qualified actuary with strong analytical skills and programming knowledge.
The predicted salary is between 50000 - 70000 £ per year.
A prestigious global life reinsurer is seeking a nearly qualified or qualified actuary to join their Research & Development team in a role focused on assumption development across both Protection and Longevity markets. This is an outstanding opportunity for an actuary looking to deepen their technical expertise whilst gaining exposure to cutting-edge actuarial research, experience analysis and assumption development. The role offers the chance to work on high-profile projects that directly influence pricing, product development and strategic decision-making across international markets.
Working alongside experienced actuarial researchers, medical analytics specialists, data scientists and senior stakeholders, you will play a key role in developing the assumptions that underpin a wide range of life and health reinsurance solutions.
Key Responsibilities- Contribute to the development of best estimate assumptions through data sourcing, experience analysis, statistical modelling and validation.
- Support the application of innovative actuarial techniques to assumption setting across Protection and Longevity portfolios.
- Provide challenge and insight to pricing assumptions and methodologies.
- Build strong working relationships with stakeholders across actuarial, pricing and product development teams.
- Contribute to actuarial research projects, internal analysis and thought leadership initiatives.
- Work closely with specialist teams including Medical Analytics and Data Science to develop market-leading insights.
- Support the development of junior colleagues and contribute to a collaborative and innovative team culture.
- Present technical findings and recommendations to a variety of audiences across the business.
- Nearly qualified or qualified actuary (IFoA, SOA or equivalent).
- Experience within life insurance, reinsurance or consultancy.
- Exposure to assumption development, experience analysis, pricing or actuarial modelling.
- Understanding of Protection and/or Longevity business.
- Strong analytical and problem‑solving skills.
- Experience working with experience studies, trend modelling or actuarial investigations.
- Programming skills including SQL, R, Tyche or similar tools.
- Knowledge of statistical and actuarial techniques such as Generalised Linear Models (GLMs) and Survival Models.
- Strong communication and stakeholder management skills.
- Ability to work independently while managing multiple priorities and deadlines.
- Passion for innovation, continuous improvement and technical excellence.
- Exposure across both Protection and Longevity markets.
- Opportunity to work within a highly respected actuarial research and development function.
- Collaboration with specialist Medical Analytics and Data Science teams.
- International exposure across Europe and North America.
- Strong emphasis on innovation, research and technical development.
- Excellent opportunity for a nearly qualified actuary to broaden their experience and accelerate their progression within reinsurance.
Actuary, Assumption Development, R&D employer: The Actuary
Join a prestigious global life reinsurer that prioritises innovation and technical excellence, offering actuaries the chance to deepen their expertise in a collaborative environment. With a strong emphasis on professional development, you will work alongside experienced teams on high-profile projects that shape the future of Protection and Longevity markets, while enjoying international exposure and opportunities for career progression.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary, Assumption Development, R&D
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, webinars, or even casual meet-ups. The more you engage with professionals, the better your chances of landing that dream actuary role.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share your experience with statistical modelling and any innovative techniques you've used. Let them see how you can contribute to their team right away.
✨Tailor Your Approach
Every company is different, so make sure you tailor your conversations to fit their needs. Research their projects and challenges, and come prepared with ideas on how you can help with assumption development or pricing strategies.
✨Follow Up Like a Boss
After any interviews or networking chats, send a quick follow-up message. Thank them for their time and reiterate your enthusiasm for the role. It shows you're keen and keeps you fresh in their minds!
We think you need these skills to ace Actuary, Assumption Development, R&D
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the role. Highlight your experience in assumption development, pricing, and any relevant actuarial techniques. We want to see how you can contribute to our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background makes you a perfect fit. Don’t forget to mention your interest in innovation and collaboration, as these are key for us.
Showcase Your Technical Skills:Since this role involves statistical modelling and programming, be sure to highlight your proficiency in tools like SQL or R. We love seeing candidates who can bring technical expertise to the table, so don’t hold back!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for this exciting opportunity. Plus, it shows you’re keen on joining our team!
How to prepare for a job interview at The Actuary
✨Know Your Assumptions
Make sure you brush up on the key assumptions used in both Protection and Longevity markets. Be ready to discuss how you would approach assumption development and the statistical techniques you would apply. This shows your technical expertise and understanding of the role.
✨Showcase Your Analytical Skills
Prepare examples that highlight your analytical and problem-solving skills. Think about specific projects where you’ve used experience analysis or statistical modelling. Being able to articulate your thought process will impress the interviewers.
✨Build Relationships
Since the role involves collaboration with various teams, be prepared to discuss how you’ve built strong working relationships in the past. Share experiences where you’ve successfully communicated with stakeholders or contributed to a team culture.
✨Stay Current with Innovations
Demonstrate your passion for innovation by discussing recent trends or advancements in actuarial research. Mention any tools or programming languages you’re familiar with, like SQL or R, and how you’ve applied them in your work.
