At a Glance
- Tasks: Lead innovative risk calibration projects and develop sophisticated modelling tools.
- Company: Join a leading Life Insurer with a focus on innovation and collaboration.
- Benefits: Gain international exposure, mentorship opportunities, and work with top-tier professionals.
- Other info: Unique chance to own processes and engage with senior stakeholders.
- Why this job: Make an impact by understanding macro-economic factors and their effects on global finance.
- Qualifications: Experience in risk modelling preferred; coding skills in VBA, R, Python, or Matlab are a plus.
The predicted salary is between 49500 - 60500 £ per year.
Clarence George is working on an Internal Capital Model / Risk Calibration Actuary opportunity with a leading Life Insurer. This is a fantastic role for the intellectually curious to understand how macro-economic factors such as interest rates can have an impact on a global company's balance sheet. You will have an interest in investment and lean more towards the asset side.
The role:
- Technical role focusing on group's Internal Capital Model and Market Risk Calibrations
- Innovation and automation of sophisticated risk calibration model
- Take ownership of modelling tools
- Dig into statistical problems, discuss ideas and make your voice heard
The candidate:
- Ideal candidate has an innovative mindset and enjoys complex statistical problem solving
- Experience in risk modelling calibration and statistical background preferred but not essential
- Ideal range of experience is 2-6 years
- Coding skills in packages such as VBA, R, Python, Matlab. You will be able to build models from scratch
- Open to a variety of experience levels, backgrounds, and qualifications but insurance experience is preferable
Unique Selling Points:
- Rare opportunity to take full ownership of end-to-end processes
- International exposure and expectation to take on mentoring of remote teams
- You will get exposure to senior stakeholders and C-suite individuals while being surrounded by a highly innovative team of Actuaries, PhDs and MScs
Manager - Internal Capital Model / Risk Calibration in London employer: The Actuary
At PMA, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our commitment to employee growth is evident through tailored development programmes and the opportunity to lead impactful projects in the heart of the UK life insurance sector. With locations in London, Bristol, and Watford, we provide a vibrant environment where actuaries can thrive and make meaningful contributions to our clients' success.
StudySmarter Expert Advice🤫
We think this is how you could land Manager - Internal Capital Model / Risk Calibration 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 The Actuary). 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 The Actuary. 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 Manager - Internal Capital Model / Risk Calibration 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 The Actuary.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at The Actuary. 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 The Actuary
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at The Actuary 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 The Actuary, 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 The Actuary'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.
