At a Glance
- Tasks: Lead and support diverse actuarial projects, building models and delivering client solutions.
- Company: Join a growing team in a leading consultancy focused on UK life insurers.
- Benefits: Competitive salary, professional development, and opportunities for impactful project work.
- Other info: Dynamic environment with opportunities to collaborate and grow within a supportive team.
- Why this job: Make a real difference in the actuarial field while developing your personal brand.
- Qualifications: Nearly qualified actuary with strong modelling skills and understanding of life insurance principles.
The predicted salary is between 60000 - 80000 € per year.
This is an actuarial manager / senior consultant role within a growing team, focused on supporting UK life insurers across a wide range of actuarial topics including reporting, modelling, valuation, risk, pricing, product, ALM, capital and project leadership.
You will play a key role in developing client solutions, building models rapidly and to a high standard, coordinating technical delivery, and supporting senior managers, directors and managing directors in delivering end‐to‐end engagements. You will have a "once in a career" opportunity to contribute to the overall development of the consulting proposition and to build your personal profile via high‐impact project work.
It is expected that a typical day will involve:
- Supporting or leading on a range of actuarial projects including modelling activities such as building or enhancing models (e.g., cashflow models, valuation tools, pricing models, scenario models) efficiently and accurately.
- Carrying out actuarial analyses covering valuations, reserving, Solvency UK reporting, IFRS 17 based assessments, pricing reviews, assumption setting and experience investigations.
- Supporting the development and review of actuarial processes, models and documentation to ensure robust governance and compliance with regulatory and professional standards.
- Contributing to client projects across risk, capital, ALM, valuations activities for captives, annuity business, and M&A.
- Assisting in the preparation of responses to request for proposals (RFPs), client reports and other client ready materials.
- Helping deliver project workstreams, coordinating junior team members and ensuring quality of outputs.
- Working closely with senior managers and directors within the team to help develop modelling analysis and making meaningful recommendations.
- Developing technology enabled solutions (e.g., Python, R, SQL, DataBricks, Power BI) to streamline actuarial processes.
- Developing your internal network.
- Being agile and flexible to ensure that the team is fully supported.
Role holder is expected to have/be:
- A recently newly / nearly qualified actuary with a solid grasp on life insurance actuarial principles.
- Strong understanding of the UK Life Insurance market and willingness to apply actuarial principles across diverse product areas.
- Strong ability to develop and implement chosen actuarial methodologies within Excel or similar tools.
- Strong modelling skills and ability to rapidly build, understand and enhance actuarial models in Excel, actuarial systems and/or programming languages (e.g. Python).
- Experience gained in a (re)insurance company, BPA provider (preferable), with exposure to valuation, pricing, ALM, reporting, risk or capital.
- High performing self-motivated team player that both leads and works collaboratively and is agile & willing to participate in other projects within the team.
- Ability to work under pressure, takes initiative, proactive, shows resolve and is agile.
- Ability to shape and develop modelling, automation and analytics (e.g., Python/R/SQL/Alteryx/Power BI).
Senior Actuarial Associate employer: The Emerald Group Ltd, Search and Selection
As a Senior Actuarial Associate, you will join a dynamic and supportive team dedicated to delivering innovative solutions for UK life insurers. Our company fosters a collaborative work culture that prioritises professional growth, offering extensive training and development opportunities to enhance your skills in actuarial practices and technology. With a focus on high-impact projects, you will have the chance to significantly contribute to our consulting proposition while building a strong personal profile in the industry.
Contact Detail:
The Emerald Group Ltd, Search and Selection Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Associate
✨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 chat with folks in the actuarial world, the better your chances of landing that Senior Actuarial Associate role.
✨Show Off Your Skills
When you get the chance to interview, don’t hold back! Share specific examples of your modelling skills and how you've tackled complex actuarial problems. We want to see your expertise shine through!
✨Tailor Your Approach
Make sure you tailor your discussions to the specific needs of the company. Research their projects and challenges, and come prepared with ideas on how you can contribute. This shows you're not just another candidate; you're the right fit!
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets the attention it deserves. Plus, we love seeing candidates who take that extra step to engage with us directly.
We think you need these skills to ace Senior Actuarial Associate
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Senior Actuarial Associate role. Highlight your modelling skills, experience in life insurance, and any relevant projects you've led or contributed to.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a perfect fit. Don’t forget to mention your understanding of the UK Life Insurance market!
Showcase Your Technical Skills:Since this role involves developing technology-enabled solutions, be sure to highlight your proficiency in programming languages like Python or SQL. Mention any specific projects where you've used these skills to enhance actuarial processes.
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Know Your Actuarial Stuff
Make sure you brush up on your knowledge of life insurance actuarial principles. Be ready to discuss specific topics like modelling, valuation, and risk management. The more you can demonstrate your understanding of these areas, the better you'll impress the interviewers.
✨Showcase Your Modelling Skills
Prepare to talk about your experience with building and enhancing actuarial models. Bring examples of your work, especially if you've used tools like Excel, Python, or SQL. Being able to explain your thought process and the impact of your models will set you apart.
✨Be a Team Player
This role requires collaboration, so be ready to share examples of how you've worked effectively in teams. Highlight any leadership experiences, especially in coordinating projects or mentoring junior members. Show that you're not just a solo player but someone who thrives in a team environment.
✨Demonstrate Agility and Initiative
The ability to adapt and take initiative is crucial. Prepare to discuss situations where you've had to be flexible or proactive in your previous roles. Whether it’s tackling unexpected challenges or jumping into new projects, showing your agility will resonate well with the interviewers.
