At a Glance
- Tasks: Analyse data, support capital modelling, and present findings to stakeholders.
- Company: Join Unum UK, a leader in employee benefits with a supportive culture.
- Benefits: Enjoy a generous bonus, private medical insurance, and flexible working.
- Other info: Hybrid working model with excellent career progression opportunities.
- Why this job: Make a real impact while developing your actuarial skills in a collaborative team.
- Qualifications: Nearly or newly qualified actuary with strong analytical and communication skills.
The predicted salary is between 54000 - 66000 £ per year.
Who are we? We're a specialist employee benefits provider, striving to create healthy, happy workplaces. As part of the international Unum Group, we're on a collective mission to help the working world thrive.
The role
As a Nearly/Newly Qualified Actuary within our Actuarial Risk and Capital team, you'll play a key role in helping Unum understand, manage and optimise its capital position. You'll work with a wide range of stakeholders across Finance and the wider business, analysing experience, supporting capital modelling and helping shape the assumptions that underpin key business decisions.
This is an excellent opportunity for an actuary looking to broaden their expertise, take ownership of meaningful work and develop their career within a supportive and collaborative team environment.
- Analyse demographic and economic experience to support robust actuarial decision making and business insight.
- Use actuarial judgement to help set assumptions used within capital and risk management activities.
- Support the calibration of capital stresses within Unum's Internal Model framework.
- Produce high-quality reporting and analysis on experience investigations, assumptions and capital outcomes.
- Contribute to the ongoing development and enhancement of risk and capital methodologies, processes and controls.
- Support a range of change initiatives, strategic projects and capital-related developments across the business.
- Collaborate with colleagues across Finance, Risk and the wider organisation to deliver actuarial insight and business value.
- Present complex actuarial findings in a clear and accessible way to a variety of stakeholders, including senior management.
- Provide guidance, coaching and support to actuarial students, helping contribute to the development of future talent within the team.
- Continuously challenge existing approaches and identify opportunities to improve methodologies, efficiency and effectiveness.
What will you bring?
We're looking for a collaborative and commercially minded actuary who enjoys solving complex problems, challenging assumptions and delivering high-quality work. Whether you're approaching qualification or have already qualified, you'll bring strong technical capability alongside the ability to communicate effectively with a wide range of stakeholders.
- Be a nearly qualified actuary with 1-2 exams remaining, or a newly qualified actuary with up to 3 years' post-qualified experience.
- Experience gained within Life Insurance, General Insurance or Pensions, with an interest in applying your skills within a new environment.
- Knowledge of Solvency UK and the wider UK regulatory framework.
- Strong analytical and problem-solving skills, with the ability to interpret complex data and communicate meaningful insights.
- Experience of actuarial modelling, assumption setting, experience analysis or capital management activities.
- Excellent written and verbal communication skills, with the ability to engage confidently with senior stakeholders.
- A collaborative approach, with experience supporting, mentoring or working closely with actuarial students and colleagues.
- The ability to balance strong technical understanding with commercial awareness and practical decision making.
- A curious mindset, with a desire to understand methodologies, challenge existing approaches and drive continuous improvement.
- Strong organisational skills and the ability to deliver high-quality work across multiple priorities.
- A proactive approach to learning, development and professional growth.
- An interest in building a long-term career within Group Risk and the wider Life Insurance market.
Location
Hybrid working. 3 days in office, 2 days from home. From office location in Dorking.
Benefits
- Generous bonus scheme
- Private Medical Insurance
- Defined Contribution pension scheme
- Life assurance and Income Protection
- Access to remote GP services, nutrition coaching, personal training, unlimited mental health support and medical second opinions
- Generous holiday allowance, with the option to buy and sell up to 5 additional days
- Salary sacrifice electric vehicle scheme with on-site charging facilities
- Access to learning, development and career progression opportunities across Unum UK
Why join us? At Unum, we've created a workplace where people feel supported to progress and grow, and can see their ambitions coming to life.
As a part of our commitment to creating an inclusive workplace, we actively encourage applications from those with disabilities and those with long-term health conditions. If you meet the essential criteria for the role and choose to opt in to the scheme during your application, you will be offered an interview under the Disability Confident Scheme.
If you need assistance and/or reasonable accommodation due to a disability during the application or recruiting process, please send a request to careers@unum.co.uk. We are proud to be a Disability Confident Employer.
Company: Unum UK
Summary Location: London; Dorking, Surrey, UK Type: Full time
Actuary - Nearly/Newly Qualified in London employer: Unum Group
At Unum UK, we pride ourselves on being an excellent employer, offering a supportive and inclusive work culture that prioritises employee wellbeing and professional growth. As a Customer Engagement Executive in our Dorking office, you'll enjoy competitive salaries, generous benefits, and the opportunity to collaborate with experienced marketing professionals while contributing to innovative campaigns that make a real impact. Join us to accelerate your career in a dynamic environment where your ideas are valued and your development is nurtured.
StudySmarter Expert Advice🤫
We think this is how you could land Actuary - Nearly/Newly Qualified 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 Unum 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 Unum 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 Actuary - Nearly/Newly Qualified 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 Unum Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Unum 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 Unum 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 Unum 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 Unum 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 Unum 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.
