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- 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 an impact in financial management while growing your actuarial skills in a dynamic environment.
- Qualifications: Part qualified actuary with experience in UK Life assurance and with-profits management preferred.
- Other info: Opportunity to work closely with senior management and contribute to regulatory compliance.
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 as set out. Support the CRO and CEO in notifying 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 be able to work independently and with ambiguity.
- Report writing skills, including technical specs and drafting reports.
- Positive approach and outlook.
Experience and Qualifications
- Part qualified actuary.
- Experience of working within the Actuarial Function of a UK Life assurer desirable.
- Experience of with-profits management desirable.
Senior Actuarial Trainee / Analyst (with-profits desirable) employer: Utmost International
Contact Detail:
Utmost International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Trainee / Analyst (with-profits desirable)
✨Tip Number 1
Network with professionals in the actuarial field, especially those who have experience in with-profits management. Attend industry events or webinars to connect with potential colleagues and learn more about the latest trends and practices.
✨Tip Number 2
Familiarise yourself with the specific actuarial modelling systems used in the industry. If possible, gain hands-on experience with these tools, as this will demonstrate your commitment and readiness to contribute effectively from day one.
✨Tip Number 3
Stay updated on regulatory changes related to Solvency II, UK GAAP, and IFRS reporting. Understanding the implications of these regulations will not only enhance your knowledge but also show your proactive approach to compliance and financial management.
✨Tip Number 4
Prepare to discuss your problem-solving skills and how you've approached ambiguity in past roles. Be ready to provide examples of how you’ve led projects or initiatives, as leadership is a key aspect of this position.
We think you need these skills to ace Senior Actuarial Trainee / Analyst (with-profits desirable)
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 experience in actuarial modelling systems.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Discuss your experience as a part-qualified actuary and how it relates to the responsibilities outlined in the job description, particularly in with-profits management.
Showcase Communication Skills: Since good communication skills are essential for this role, provide examples in your application of how you've effectively communicated complex actuarial concepts or proposed solutions in previous roles.
Highlight Leadership Experience: If you have experience leading teams or projects, make sure to mention it. The role involves leading actuarial trainees, so demonstrating your leadership capabilities will strengthen your application.
How to prepare for a job interview at Utmost International
✨Brush Up on Regulatory Knowledge
Make sure you're well-versed in Solvency II, UK GAAP, and IFRS reporting. Being able to discuss these frameworks confidently will show that you understand the regulatory environment and can navigate it effectively.
✨Demonstrate Your Modelling Skills
Prepare to talk about your experience with actuarial modelling systems. Be ready to share specific examples of how you've developed or maintained models in previous roles, as this is crucial for the position.
✨Showcase Your Communication Skills
Since good communication is key, practice explaining complex actuarial concepts in simple terms. This will demonstrate your ability to propose solutions and work collaboratively with others.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to work independently. Think of scenarios where you've had to make decisions with limited information and be ready to discuss your thought process.
