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- Tasks: Lead actuarial strategies and manage reinsurance in a dynamic, innovative environment.
- Company: Join Wakam, a mission-driven insurer transforming the insurance landscape across Europe.
- Benefits: Enjoy full remote work, competitive salary, and a culture that values your impact.
- Why this job: Be part of a team where your ideas matter and you can truly make a difference.
- Qualifications: Significant experience in non-life insurance and strong analytical skills required.
- Other info: Experience a flat hierarchy, collaborative culture, and unique perks like Free.day every month.
The predicted salary is between 72000 - 108000 £ per year.
Wakam is a European B2B2C insurer that designs white label general insurance (GI) products for its partners e‑retailers, brokers and fintechs/insurtechs. Our insurance solutions are embedded within the products or services offered to the end‑customer. Wakam operates in 32 countries across Europe with most of the revenues generated outside of France. Most of our products are delivered through API and host white label insurance solutions via our Play&Plug platform. Since March 2021, we are a Mission‑driven company. We defined 9 concrete commitments to illustrate this mission, such as writing our insurance contracts in plain language. We also create insurance products at cost for associations.
Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact! Hungry for freedom? Thirsty for autonomy? If you are curious, then the Wakam adventure might be made for you!
Main Tasks & Responsibilities
- Responsible for the reserving, reinsurance and capital management strategies in the UK, in partnership with group functions.
- Maintaining oversight of the Company’s actuarial and reinsurance function in accordance with the Company’s Terms of Reference and managing, leading and developing the actuarial, capital management and reinsurance function.
- Design and delivery of actuarial models, processes and systems.
- Oversee validity of modelling data, stress‑testing and ensuring robust controls are in place.
- Reinsurance portfolio analysis, annual plans and oversight.
- Make recommendations regarding solvency, reserve levels, capital assessment and provision.
- Co‑ordinate the calculation of technical provisions ensuring methodology and assumptions are appropriate, assessing sufficiency and quality of data, comparing best estimates against experience.
- Inform governing body of reliability and adequacy of the calculation of technical provisions.
- Express opinion on overall underwriting policy and types of customers the Company is prepared to accept.
- Contribute to effective implementation of the risk management system, especially regarding solvency capital requirements, minimum capital requirements and the Company’s ORSA.
- Own key risks in accordance with the Risk Management Framework and Policy, ensuring actuarial systems are properly maintained and supported.
Your profile
- Significant experience in the UK in a similar role for a non‑life insurer, and ideally already holding SMF20 or a Fellow of a relevant Actuarial Society.
- Strong technical and analytical skills with a global view of finance, actuarial and underwriting subjects.
- Leadership and managerial proficiencies, with the ability to influence both direct and matrixed reporting relationships.
- Good problem solver with the ability to understand business drivers and needs and balance desired outcomes against potential risks and challenges.
- Highly developed analytical and problem‑solving skills.
Recruitment process
- Screening interview with Charlotte, Talent Expert.
- Technical & fit interview with Aurélie, Pricing Officer.
- Leadership fit interview with senior executive team member.
- HR culture fit interview with Laura, Head of Talent & Aurélien, VP People & Culture.
More about us
Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact on the transformation of insurance! Hungry for freedom? Thirsty for autonomy? If you are adventurous and like challenges, then the Wakam adventure might be made for you! Discover – on our website – who we really are with the 11 cultural markers that so well describe us!
What we are looking for: Mindset compatibility with our ‘Free to Impact’ culture. Think big, be biased for action, curious and eager to learn, can say no and find solutions, aim for the moon (but please don’t stick on the moon) and above all: have fun working together.
Good to know: Wakam is not based on a hierarchy but on a methodology where everyone finds his role and knows his objectives. With a flat hierarchical system and a highly collaborative operating model, Wakam is an extremely agile and transparent company. Every last Friday of the month, it's Free.day at Wakam, a day without meetings to take a step aside and dedicate ourselves to skills sponsorship or other activities. Full‑remote is a reality at Wakam. Last but not least: we are nice and we have fun!
Chief Actuary UK employer: Wakam
Contact Detail:
Wakam Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Chief Actuary UK
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those who work at Wakam or similar companies. Use LinkedIn to connect and engage with them. A friendly chat can sometimes lead to opportunities that aren’t even advertised!
✨Tip Number 2
Prepare for your interviews by understanding Wakam's culture and values. They’re all about being 'Free to Impact', so think of examples from your past where you’ve made a difference. Show them you’re not just a fit on paper but also in spirit!
✨Tip Number 3
Practice your technical skills! As a Chief Actuary, you’ll need to demonstrate strong analytical abilities. Brush up on your actuarial models and be ready to discuss how you’ve used them in real-world scenarios during your interviews.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining the Wakam adventure. Let’s make it happen together!
We think you need these skills to ace Chief Actuary UK
Some tips for your application 🫡
Show Your Passion: When writing your application, let your enthusiasm for the role and our mission shine through. We want to see that you're not just looking for a job, but that you're genuinely excited about making an impact in the insurance world!
Tailor Your CV: Make sure your CV is tailored to highlight your relevant experience and skills that align with the Chief Actuary role. We love seeing how your background fits into our culture of freedom and autonomy, so don’t hold back on showcasing your achievements!
Be Authentic: We value authenticity, so be yourself in your written application. Share your unique perspective and experiences that have shaped your career. This helps us get to know the real you and how you might fit into our 'Free to Impact' culture.
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. Plus, you can explore more about our culture and values while you’re there!
How to prepare for a job interview at Wakam
✨Know Your Numbers
As a Chief Actuary, you'll need to demonstrate your strong technical and analytical skills. Brush up on key actuarial concepts, especially those related to reserving, reinsurance, and capital management. Be ready to discuss specific models you've designed or improved, and how they impacted the business.
✨Showcase Leadership Skills
Wakam values leadership and the ability to influence others. Prepare examples of how you've led teams or projects in the past, particularly in a matrixed environment. Highlight your experience in managing relationships across different functions and how you’ve driven change.
✨Embrace the Culture
Familiarise yourself with Wakam's 'Free to Impact' culture. Think about how your personal values align with their mission-driven approach. Be ready to share how you can contribute to a collaborative and agile environment, and don’t shy away from expressing your curiosity and eagerness to learn.
✨Prepare for Technical Questions
Expect technical questions during the interview process, especially in the technical & fit interview. Review common actuarial problems and be prepared to discuss your thought process in solving them. Practising with case studies or real-world scenarios can help you articulate your approach effectively.
