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- Tasks: Join our Actuarial team to lead model development and financial management tasks.
- Company: We are a leading UK Life assurer focused on innovative financial solutions.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Make an impact in a dynamic environment while developing your actuarial skills.
- Qualifications: Nearly qualified actuary preferred; part qualified candidates are also welcome.
- Other info: Engage with senior stakeholders and contribute to meaningful financial strategies.
The predicted salary is between 42000 - 60000 £ per year.
To work independently as a member of the Actuarial team undertaking a variety of different tasks to enable the department to meet its objectives as agreed by the Actuarial Manager including:
- Lead development of departmental models and processes to improve efficiency or provide additional insight into the financial management of the company.
- Solvency II valuation, including Pillar I, II and III and 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.
- 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:
- Nearly qualified actuary preferred, part qualified considered.
- Experience of working within the Actuarial Function of a UK Life assurer desirable.
Senior Actuarial Trainee (near qualified) employer: Utmost International
Contact Detail:
Utmost International Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Trainee (near qualified)
✨Tip Number 1
Familiarise yourself with the latest developments in Solvency II regulations, especially the nuances of Pillars I, II, and III. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in the field.
✨Tip Number 2
Network with professionals already working in actuarial roles, particularly within UK life assurance. Engaging in conversations can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 3
Prepare to discuss specific examples of how you've improved efficiency or provided insights in previous roles. Being able to articulate your contributions clearly will set you apart from other candidates.
✨Tip Number 4
Brush up on your presentation skills, as you'll likely need to communicate complex actuarial concepts to senior stakeholders. Practising how to convey technical information in a clear and engaging manner can make a significant difference in your interview performance.
We think you need these skills to ace Senior Actuarial Trainee (near qualified)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial modelling, Solvency II, and financial projections. Use specific examples that demonstrate your skills and achievements in these areas.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your near qualification status and how your background aligns with the responsibilities outlined in the job description.
Showcase Communication Skills: Since excellent communication is key for this role, include examples of how you've effectively communicated complex actuarial concepts to non-technical stakeholders in your application.
Highlight Relevant Qualifications: Clearly state your qualifications and any relevant certifications. If you have experience working within the Actuarial Function of a UK Life assurer, make sure to emphasise this in your application.
How to prepare for a job interview at Utmost International
✨Showcase Your Technical Knowledge
Make sure to brush up on your understanding of Solvency II and the relevant pillars. Be prepared to discuss how you've applied this knowledge in previous roles or projects, as it will demonstrate your capability to handle the technical aspects of the job.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and ability to work independently. Think of examples where you've led projects or improved processes, and be ready to explain your thought process and the outcomes.
✨Communicate Clearly and Confidently
Since excellent communication skills are crucial for this role, practice articulating your thoughts clearly. Prepare to explain complex actuarial concepts in a way that is understandable to non-specialists, as you may need to present to senior stakeholders.
✨Demonstrate Your Gravitas
You’ll need to show that you can engage with senior stakeholders effectively. Think about how you can convey confidence and professionalism during the interview, perhaps by discussing past experiences where you successfully managed stakeholder relationships.
