At a Glance
- Tasks: Join a global insurance group to manage capital modelling and enterprise risk management.
- Company: High-profile European business within a leading global insurance group.
- Benefits: Gain visibility with senior management and work on impactful projects.
- Other info: Ideal for creative, self-motivated individuals seeking career growth.
- Why this job: Shape the future of risk management while developing your analytical skills.
- Qualifications: Experience in capital modelling and strong analytical skills required.
The predicted salary is between 63000 - 77000 £ per year.
This is a high-profile opportunity to join the European business of a global insurance group in a role that spans capital modelling and ERM.
You'll sit within the risk function, which gives you access to every area of the organisation.
Unusually for an actuarial role, you'll focus equally on both sides of the balance sheet, with exposure to investment, claims, underwriting and every other type of risk.
The capital team's insights are highly valued, so you'll have visibility with the most senior management in Europe and across the wider group.
On the capital side, you'll be responsible for the day-to-day running of the internal model, including quarterly data updates, calibration, model changes, output reporting and documentation.
You'll support model validation, run the model change process and find new uses for the model in strategic decision making and risk monitoring.
Within ERM, you'll develop the stress and scenario framework, support the emerging risk process and the ORSA, and lead risk analysis across underwriting, reserving, credit and market risk.
You'll also carry out technical deep-dive reviews, provide input to committees and help build an integrated risk dashboard that shows capital, profitability, liquidity and franchise value under different macroeconomic scenarios.
You'll need capital modelling experience, solid knowledge of capital and risk processes under Solvency II or an equivalent regime, and an understanding of both non-life and life products.
Strong analytical skills and advanced Excel are essential, as is the ability to manage risks and issues across a diverse range of products and locations.
London market experience, Igloo and knowledge of reinsurance, reserving or pricing would all be a real advantage.
This is a great fit for a creative, self-motivated actuary who wants to shape how the model is used across the business.
Risk and Capital Actuary in London employer: The Actuary
As a leading player in the life insurance sector, our company offers an exceptional work environment that fosters professional growth and innovation. With a strong emphasis on collaboration and employee development, we provide comprehensive training programs and opportunities for advancement, ensuring that our team members thrive in their careers. Located in a vibrant city, we also promote a healthy work-life balance, making us an attractive employer for those seeking meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Risk and Capital Actuary 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 Risk and Capital Actuary 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.
