At a Glance
- Tasks: Join our Actuarial Development team to create and enhance actuarial models and systems.
- Company: Dynamic UK Life insurer focused on innovation and growth.
- Benefits: Competitive salary, flexible working, and opportunities for professional development.
- Other info: Collaborative culture with excellent career progression opportunities.
- Why this job: Make a real impact by developing cutting-edge actuarial solutions in a supportive environment.
- Qualifications: Part-qualified actuary with experience in model development and strong technical skills.
The predicted salary is between 50000 - 70000 £ per year.
To work independently as a member of the Actuarial Development team, undertaking a variety of tasks to enable the department to meet its objectives including:
- Working in conjunction with the Actuarial leadership, contribute to actuarial model development that supports our ambitions as a business.
- Translate business requirements into clear and actionable development specifications.
- To work independently to develop and test actuarial models, automation workflows and actuarial systems.
- Responsible for ongoing maintenance of actuarial systems, maintaining alignment with support model and coordinating business readiness of model and platform updates.
- Produce well-structured documentation and testing evidence in line with robust model governance standards.
- Provide actuarial and/or technical reports to a high professional quality.
- Identifying and implementing opportunities for improving ways of working.
- Ensuring that processes and output from the Actuarial Function has been produced in accordance with internal policies and control frameworks, as well as relevant Actuarial Standards.
- Stay ahead of emerging trends, technical advancements to ensure our competitive edge.
- Ad hoc tasks as required.
- Comply with the FCA’s conduct (and senior conduct) and Consumer Duty rules and the PRA’s conduct (and senior manager conduct) standards as set out.
- Notify the regulator(s) of matters reasonably expected to be notified.
Location: United Kingdom
Core Competencies
- Mandatory
- Technical actuarial knowledge relevant to actuarial asset and liability model development.
- Ability to develop, draft and edit technical actuarial/modelling documentation.
- Practical actuarial model development expertise (RAFM and Python preferable, other platform experience will be considered).
- Desirable
- Excellent interpersonal and communication skills, including report writing.
- Excellent planner and organiser.
- Critical thinking and problem-solving skills.
- Solvency II/UK, UK GAAP, US GAAP reporting experience.
- Pragmatic, adaptable and flexible.
Experience and Qualifications
- Part-qualified actuary (continuing studies or given up exams).
- Experience of working within the Actuarial Function of a UK Life insurer.
- Experienced model developer, Mantle, RAFM and Unify preferred, other modelling platform experience considered.
Actuarial Modelling Developer employer: Utmost International
As an Actuarial Modelling Developer with us, you'll thrive in a dynamic and supportive work environment that prioritises professional growth and innovation. Our commitment to employee development is matched by our collaborative culture, where your contributions directly impact our business objectives. Located in the United Kingdom, we offer a unique opportunity to engage with cutting-edge actuarial practices while enjoying a balanced work-life experience.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Modelling Developer
✨Tip Number 1
Network like a pro! Reach out to professionals in the actuarial field on LinkedIn or at industry events. We can’t stress enough how valuable personal connections can be in landing that dream job.
✨Tip Number 2
Show off your skills! Create a portfolio showcasing your actuarial models and documentation. This gives potential employers a taste of what you can do, and we all know actions speak louder than words.
✨Tip Number 3
Prepare for interviews by brushing up on technical knowledge and current trends in the actuarial world. We recommend practising common interview questions and having examples ready that highlight your problem-solving skills.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Actuarial Modelling Developer
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the job description. Highlight your actuarial model development expertise and any relevant technical knowledge, like RAFM or Python, to catch our eye!
Craft a Compelling Cover Letter:Use your cover letter to tell us why you're the perfect fit for the Actuarial Development team. Share specific examples of how you've translated business requirements into actionable specifications or improved processes in your previous roles.
Showcase Your Documentation Skills:Since producing well-structured documentation is key, include examples of your past work that demonstrate your ability to create clear and concise reports. This will show us you understand the importance of robust model governance standards.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Utmost International
✨Know Your Actuarial Stuff
Make sure you brush up on your technical actuarial knowledge, especially around asset and liability model development. Be ready to discuss your experience with RAFM, Python, or any other modelling platforms you've worked with. This will show that you’re not just familiar with the concepts but can also apply them practically.
✨Prepare for Scenario Questions
Expect questions that ask you to translate business requirements into actionable development specifications. Think of examples from your past work where you’ve successfully developed or tested actuarial models. This will demonstrate your ability to think critically and solve problems in real-time.
✨Documentation is Key
Since producing well-structured documentation is part of the role, be prepared to discuss how you approach this task. Bring examples of your previous documentation or reports to showcase your writing skills and attention to detail. This will highlight your understanding of robust model governance standards.
✨Stay Ahead of Trends
Show your enthusiasm for the industry by discussing emerging trends and technical advancements in actuarial modelling. This not only demonstrates your passion but also your commitment to ensuring a competitive edge for the company. It’s a great way to connect your personal growth with the company’s ambitions.
