At a Glance
- Tasks: Lead life insurance capital projects and advise clients on regulatory requirements.
- Company: Dynamic consultancy firm with a focus on life insurance solutions.
- Benefits: Competitive salary, hybrid working, and opportunities for professional growth.
- Other info: Join a collaborative team with excellent career advancement potential.
- Why this job: Make a real impact in the life insurance sector while developing your expertise.
- Qualifications: Senior management experience in UK insurance and strong technical skills.
The predicted salary is between 80000 - 100000 £ per year.
This is a senior actuarial role within the Life Solutions team, focused on life insurance capital, regulatory requirements, and internal model expertise. You will advise clients on Solvency UK, covering internal model (“IM”) development/validation, Standard Formula (“SF”) assessments, capital optimisation, risk management, and regulatory interaction. The scope of your services may also extend to other global life insurance markets in which the company operates, for example, Bermuda.
Location: London/ Hybrid working
Category: Life Actuarial
Type: Permanent
Key Responsibilities (including but not limited to):
- Leading or supporting life insurance client’s internal model development initiatives, refinement and validation
- Advising clients on SF calculations and appropriateness assessments
- Assessing capital requirements, including Solvency Capital Requirement (“SCR”), Matching Adjustment (“MA”) and SF capital impacts, and sensitivities
- Supporting clients with capital aggregation, risk calibration, and scenario/stress design
- Providing expert guidance on Solvency UK requirements, PRA expectations, Section 166 reviews, regulatory submissions etc.
- Advising clients on credit risk modelling, new Solvency UK flexibilities and identifying opportunities for clients to optimise capital
Proven senior manager level delivery track record in the UK Insurance industry and comfortable presenting to senior leadership and boards. Understanding of other international capital regimes incl. Bermuda (preferable but not essential). Strong relationships across the UK Life Insurance industry and ability to contribute to revenue generation. Proven Risk & Capital technical expertise. Technical expertise acquired in an (re)insurance company / BPA provider or similar. Strong understanding of the UK Life Insurance market with a solid grasp on the risk and capital principles. Ability to sponsor/shape capital modelling automation and analytics (e.g., Python/R/SQL/Alteryx/Power BI).
Life Consulting Senior Manager (Capital) – 29963 employer: The Emerald Group
The Emerald Group is an excellent employer for those seeking to make a significant impact in the field of model validation within a supportive and innovative work culture. Located in a vibrant area, we offer competitive benefits, opportunities for professional growth, and a commitment to fostering a collaborative environment where your expertise can thrive. Join us to be part of a forward-thinking team dedicated to excellence in risk and regulatory compliance.
StudySmarter Expert Advice🤫
We think this is how you could land Life Consulting Senior Manager (Capital) – 29963
✨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 Emerald Group). 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 Emerald Group. 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 Life Consulting Senior Manager (Capital) – 29963
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 Emerald Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at The Emerald Group. 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 Emerald Group
✨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 Emerald Group 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 Emerald Group, 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 Emerald Group'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.
