Chief Actuary in London

Chief Actuary in London

London Full-Time 100000 - 150000 £ / year (est.) No home office possible
Tindall Riley & Co Limited

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 insurance industry with a collaborative environment.
  • Benefits: Competitive salary, professional development, and opportunities for career advancement.
  • Other info: Exciting challenges and growth opportunities await in a fast-paced environment.
  • 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.
  • Contribute to the Association’s risk management, including:
    • 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.
  • Present findings on the above to the appropriate Boards / Committees.
  • Manage the Tindall Riley Actuarial Team, including providing oversight to Pricing Function.
  • For Britannia, support submission of regulatory returns, in:
    • Japan
    • Hong Kong
    • Bermuda
    • US
  • Chair Reserving Working Group for Hydra Insurance Company Ltd
  • Support Britannia’s calculation of the S&P capital model
  • 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 in London employer: Tindall Riley & Co Limited

    Tindall Riley is an exceptional employer, offering a dynamic work environment where actuaries can thrive and make a significant impact. With a strong focus on employee development, our culture promotes collaboration and innovation, ensuring that you have the resources and support to excel in your role as Chief Actuary. Located in a vibrant area, we provide unique opportunities for professional growth while fostering a healthy work-life balance.
    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 in London

    ✨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 you get the chance to present your findings, make sure you do it clearly and confidently. This is key for a Chief Actuary role, especially when reporting to boards and committees.

    ✨Tip Number 4

    Don't forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search.

    We think you need these skills to ace Chief Actuary in London

    Qualified Actuary
    Chief Actuary experience
    IFoA practicing certificate
    Solvency UK knowledge
    Solvency II capital regime
    Standard formula SCR calculation
    IFRS17 knowledge
    HK RBC knowledge
    BSCR knowledge
    P&I and PI classes of business knowledge
    Team management
    Excellent communication skills
    Delegation skills
    Risk management

    Some tips for your application 🫡

    Tailor Your CV: Make sure your CV is tailored to highlight your experience as a Chief Actuary. Focus on your qualifications, especially your IFoA practicing certificate, and any relevant experience with Solvency UK or Solvency II. We want to see how your background aligns with the key responsibilities listed in the job description.

    Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for leading our Tindall Riley team. Mention specific experiences that demonstrate your team management skills and your ability to provide actuarial opinions. Remember, we love a personal touch!

    Showcase Your Communication Skills: As a Chief Actuary, excellent communication is key. In your application, highlight instances where you've effectively presented findings to boards or committees. We want to see how you can convey complex actuarial concepts clearly and confidently.

    Apply Through Our Website: Don't forget to apply through our website! It’s the best way for us to receive your application directly. Plus, it shows us you're keen on joining the StudySmarter family. We can't wait to see what you bring to the table!

    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 operations and the specific challenges they face in the P&I and PI classes of business. Being able to relate your actuarial expertise to their business needs will show that you're not just a numbers person, but someone who understands the bigger picture.

    Chief Actuary in London
    Tindall Riley & Co Limited
    Location: London

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