Find a job 
Featured Companies 
Featured Universities 
For Companies At a Glance
- Tasks: Join our Actuarial team to lead projects and improve financial management.
- Company: We are a leading UK Life assurer focused on innovative financial solutions.
- Benefits: Enjoy flexible working options, professional development, and a supportive team culture.
- Why this job: Make a real impact in financial management while developing your actuarial skills.
- Qualifications: Part qualified actuary with experience in UK Life assurance preferred.
- Other info: Opportunity to work with senior stakeholders and enhance your career in a dynamic environment.
The predicted salary is between 36000 - 60000 £ per year.
The purpose of this role is to work as a member of the Actuarial team undertaking a variety of different tasks to enable the department to meet its objectives. To work independently and to lead actuarial trainees to support the following department objectives as agreed by the Actuarial Manager. To lead development of departmental models and processes to improve efficiency or provide additional insight into the financial management of the company.
The 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. 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.
- Detailed knowledge of actuarial modelling systems and/or financial projections.
- Excellent communication skills, with the ability to propose solutions and work independently and with ambiguity.
- Excellent report writing skills, including technical specifications and writing high-level reports for Senior Stakeholders.
- Possess the gravitas to deal with senior stakeholders and project sponsors.
- Positive approach and outlook.
- Presentation skills.
Experience and Qualifications
- Part qualified actuary.
- Experience of working within the Actuarial Function of a UK Life assurer is desirable.
Senior Actuarial Trainee / Analyst employer: Utmost International
Contact Detail:
Utmost International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Trainee / Analyst
✨Tip Number 1
Familiarise yourself with the latest developments in Solvency II regulations and UK GAAP. This knowledge will not only help you during interviews but also demonstrate your commitment to staying updated in the actuarial field.
✨Tip Number 2
Network with professionals in the actuarial community, especially those who work in UK life assurance. Attend industry events or webinars to make connections that could lead to valuable insights or referrals.
✨Tip Number 3
Prepare to discuss your experience with actuarial modelling systems and financial projections in detail. Be ready to provide examples of how you've used these skills to improve efficiency or provide insights in previous roles.
✨Tip Number 4
Practice your presentation skills by explaining complex actuarial concepts to non-specialists. This will help you convey your ideas clearly to senior stakeholders, which is crucial for this role.
We think you need these skills to ace Senior Actuarial Trainee / Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the job description. Emphasise your knowledge of Solvency II, UK GAAP, and IFRS reporting, as well as any actuarial modelling systems you are familiar with.
Craft a Strong Cover Letter: Write a cover letter that showcases your passion for the actuarial field and your understanding of the role. Mention specific experiences that demonstrate your ability to lead projects and work independently, as well as your communication skills.
Highlight Relevant Qualifications: Clearly state your qualifications, especially if you are a part-qualified actuary. Include any relevant coursework or certifications that relate to the responsibilities outlined in the job description.
Prepare for Technical Questions: Anticipate technical questions related to actuarial models, financial projections, and regulatory standards. Be ready to discuss your approach to problem-solving and how you would handle ambiguity in projects.
How to prepare for a job interview at Utmost International
✨Showcase Your Actuarial Knowledge
Make sure to brush up on your knowledge of Solvency II, UK GAAP, and IFRS reporting. Be prepared to discuss how these frameworks apply to the role and provide examples from your experience that demonstrate your understanding.
✨Demonstrate Leadership Skills
As a Senior Actuarial Trainee/Analyst, you'll be expected to lead other trainees. Prepare to share instances where you've successfully led a team or project, highlighting your ability to guide others and improve processes.
✨Communicate Effectively
Excellent communication skills are crucial for this role. Practice articulating complex actuarial concepts in a clear and concise manner, as you may need to explain your findings to senior stakeholders who may not have a technical background.
✨Prepare for Technical Questions
Expect technical questions related to actuarial modelling systems and financial projections. Review common methodologies and be ready to discuss how you've applied them in previous roles or projects.
