At a Glance
- Tasks: Join our Actuarial team to lead projects and enhance financial insights.
- Company: Dynamic life insurance company focused on innovation and growth.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Opportunity for career advancement in a collaborative and engaging atmosphere.
- Why this job: Make a real impact in financial management while developing your actuarial skills.
- Qualifications: Part-qualified actuary with experience in UK life insurance preferred.
The predicted salary is between 40000 - 50000 € per year.
The purpose of this role is to work as a member of the Actuarial team, undertaking a variety of tasks to enable the department to meet its objectives.
Responsibilities
- Work independently and lead actuarial trainees to support departmental objectives as agreed by the Actuarial Manager.
- Lead development of departmental models and processes to improve efficiency or provide additional insight into the financial management of the company.
- Responsibilities of the department include:
- Solvency II valuation, including Pillar I, II and III, UK GAAP and IFRS reporting
- Support financial projection and planning work
- Management of with-profits business, including recommendations on investment strategy and bonus rates
- Pricing of annuity business and policy alteration terms
- Experience analyses and recommending valuation assumptions
- Development and maintenance of actuarial models
- Asset Liability Management
- 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
Core Competencies
- Knowledge of Solvency II (Pillars I, II and III), UK GAAP and IFRS reporting
- Knowledge of actuarial modelling systems and/or financial projections
- Good communication skills, including the ability to propose solutions and work independently with ambiguity
- Report writing skills, including technical specifications and drafting reports
- Positive approach and outlook
Experience and Qualifications
- Part‑qualified actuary (continuing studies or given up exams)
- Experience working within the Actuarial Function of a UK life insurer desirable
Senior Actuarial Trainee (Reporting) in London employer: Utmost International
As a Senior Actuarial Trainee at our esteemed company, you will thrive in a dynamic and supportive work environment that prioritises professional growth and development. Our commitment to fostering a collaborative culture ensures that you will have the opportunity to lead projects, enhance your skills, and contribute meaningfully to the financial management of the organisation. Located in a vibrant area, we offer competitive benefits and a strong focus on employee well-being, making us an exceptional employer for those seeking a rewarding career in actuarial science.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuarial Trainee (Reporting) in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees in the actuarial field, especially those who have worked at companies you're interested in. A friendly chat can give you insider info and might even lead to a referral.
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge. Make sure you can discuss Solvency II, UK GAAP, and IFRS reporting confidently. We want you to shine when they ask about your experience with actuarial models!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Be ready to share examples of how you've tackled complex issues or improved processes in previous roles. This will demonstrate your ability to lead and support the team effectively.
✨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 Senior Actuarial Trainee (Reporting) in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Actuarial Trainee role. Highlight your experience with Solvency II, UK GAAP, and IFRS reporting. We want to see how your skills align with what we’re looking for!
Showcase Your Skills:In your cover letter, don’t just list your qualifications; showcase your communication skills and ability to work independently. We love candidates who can propose solutions and tackle ambiguity head-on!
Be Clear and Concise:When writing your application, keep it clear and concise. Use bullet points where possible to make it easy for us to read. We appreciate a straightforward approach that gets to the point!
Apply Through Our Website:Don’t forget to apply through our website! It’s the best way for us to receive your application and ensures you’re considered for the role. We can’t wait to see what you bring to the table!
How to prepare for a job interview at Utmost International
✨Know Your Actuarial Stuff
Make sure you brush up on your knowledge of Solvency II, UK GAAP, and IFRS reporting. Be ready to discuss how these frameworks apply to the role and share any relevant experiences you've had with actuarial modelling systems.
✨Showcase Your Leadership Skills
Since this role involves leading actuarial trainees, think of examples where you've taken charge or mentored others. Prepare to discuss how you can support departmental objectives and improve processes within the team.
✨Communicate Clearly
Good communication is key in this role. Practice explaining complex actuarial concepts in simple terms. You might be asked to propose solutions or draft reports, so being articulate will definitely work in your favour.
✨Stay Positive and Adaptable
The job description mentions working independently with ambiguity. Be prepared to talk about how you handle uncertainty and maintain a positive outlook. Share examples of how you've adapted to changing situations in previous roles.
