At a Glance
- Tasks: Lead a team of actuaries and manage regulatory responsibilities for Britannia and Wren.
- Company: Join Tindall Riley, a leader in the actuarial field with a collaborative environment.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Exciting challenges and growth opportunities await in a supportive team.
- Why this job: Make a significant impact in the actuarial field while leading a dynamic team.
- Qualifications: Qualified Actuary with leadership experience and knowledge of Solvency regulations.
The predicted salary is between 100000 - 150000 £ per year.
We are looking for a Chief Actuary to lead the Tindall Riley team of actuaries. The role will include fulfilling the regulatory SMF20 roles for Britannia and Wren. You will lead a team of 8 and report to the Tindall Riley CFO.
Key Responsibilities:
- Britannia SMF20 and Wren SMF20
- Support the CFO in co‑ordinating and managing the calculation of the Technical Provisions.
- Provide actuarial opinions on the Association’s:
- appropriateness of the Solvency technical provisions
- overall underwriting policy
- adequacy of the reinsurance arrangements.
- calculating the SCR and internal capital requirements, for regulatory returns and the ORSA;
- assessing the accuracy and appropriateness of the standard formula SCR calculation for the business.
- Japan
- Hong Kong
- Bermuda
- US
The responsibilities listed are not exhaustive and may be subject to change.
Person Specification
Knowledge/Experience:
- Qualified Actuary with Chief Actuary experience (ideally with a IFoA practicing certificate)
- Experience in Solvency UK / Solvency II capital regime (standard formula in particular)
- Experience with other regimes advantageous (e.g. IFRS17, HK RBC, BSCR)
- P&I and PI classes of business knowledge
- Proven record in Team management
- Excellent communication and delegation skills
Chief Actuary employer: Tindall Riley & Co Limited
Contact Detail:
Tindall Riley & Co Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field and let them know you're on the hunt for a Chief Actuary role. You never know who might have the inside scoop on openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and leadership skills. Be ready to discuss your experience with Solvency II and how you've managed teams in the past. We want to see that you can lead the Tindall Riley team effectively!
✨Tip Number 3
Showcase your communication skills! When presenting your findings or discussing your opinions on technical provisions, make sure you can explain complex concepts clearly. This will be key when reporting to the CFO and Boards.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Chief Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Chief Actuary role. Highlight your experience with Solvency II and team management, as these are key for us. Use specific examples that showcase your skills and achievements in these areas.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Explain why you're the perfect fit for the Tindall Riley team. Mention your qualifications and how they align with our needs, especially around regulatory roles and risk management.
Showcase Your Leadership Skills: As you'll be leading a team of 8, it's crucial to demonstrate your leadership experience. Share instances where you've successfully managed teams or projects, and how you’ve contributed to achieving business goals.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss any important updates from us during the hiring process.
How to prepare for a job interview at Tindall Riley & Co Limited
✨Know Your Numbers
As a Chief Actuary, you'll need to be on top of your game with technical provisions and capital requirements. Brush up on the specifics of Solvency II and any other relevant regimes. Be ready to discuss how you've managed these in past roles, as well as any challenges you've faced.
✨Showcase Your Leadership Skills
You'll be leading a team of actuaries, so it's crucial to demonstrate your management style. Prepare examples of how you've successfully led teams, delegated tasks, and fostered collaboration. Highlight any experience you have in mentoring or developing talent within your team.
✨Communicate Clearly
Strong communication skills are key for this role, especially when presenting findings to boards and committees. Practice explaining complex actuarial concepts in simple terms. You might even want to prepare a mock presentation to showcase your ability to convey important information effectively.
✨Understand the Business Context
Familiarise yourself with Tindall Riley's business model and the specific challenges they face in the P&I and PI classes. Being able to discuss how your actuarial insights can directly impact their strategic goals will set you apart from other candidates.