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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.
Job Details: Senior Actuarial Trainee / Analyst (with-profits desirable)
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.
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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
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 have experience in with-profits management. Engaging in discussions or attending relevant events can provide insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss specific examples of how you've contributed to financial projections or model development in previous roles. Being able to articulate your hands-on experience will set you apart from other candidates.
✨Tip Number 4
Showcase your communication skills by preparing to explain complex actuarial concepts in simple terms. This is crucial for collaborating with non-actuarial colleagues and demonstrating your ability to lead trainees effectively.
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 in actuarial functions, particularly any work related to Solvency II, UK GAAP, and IFRS reporting. Emphasise your skills in actuarial modelling and financial projections.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific experiences that demonstrate your ability to lead projects and work independently, as well as your knowledge of with-profits management.
Showcase Communication Skills: Since good communication is key for this role, provide examples in your application that illustrate your ability to propose solutions and draft reports. Highlight any experience where you successfully communicated complex information.
Highlight Relevant Qualifications: Clearly state your qualifications, especially if you are a part-qualified actuary. Include any relevant certifications or training that align with the job requirements, particularly those related to the Actuarial Function in a UK Life assurer.
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 topics confidently will show that you understand the regulatory environment and can contribute effectively to the team.
✨Demonstrate Leadership Skills
Since the role involves leading actuarial trainees, be prepared to share examples of your leadership experience. Discuss how you've guided others in previous roles and how you plan to support your team in achieving departmental objectives.
✨Showcase Your Analytical Skills
Prepare to discuss your experience with actuarial modelling systems and financial projections. Highlight specific projects where you've improved efficiency or provided insights, as this aligns closely with the responsibilities of the role.
✨Communicate Clearly and Positively
Good communication is key in this role. Practice articulating your thoughts clearly and positively, especially when discussing complex topics like asset liability management or pricing strategies. This will demonstrate your ability to propose solutions and work independently.
