At a Glance
- Tasks: Join our UK Analytics team to design and execute innovative reinsurance solutions.
- Company: Leading reinsurance brokerage focused on analytics and client impact.
- Benefits: Competitive daily rate, flexible working environment, and opportunities for professional growth.
- Other info: Collaborative culture that values diversity and continuous learning.
- Why this job: Make a real difference by applying your actuarial expertise in a dynamic, client-facing role.
- Qualifications: Fully qualified actuary with experience in reinsurance and strong analytical skills.
The predicted salary is between 60000 - 80000 £ per year.
We are seeking a commercially minded and technically rigorous Qualified Actuary to join our UK Analytics team within a leading reinsurance brokerage. This is a critical client-facing position that merges actuarial insight with real-world commercial experience, supporting the design, structuring, and execution of sophisticated reinsurance solutions across multiple lines of business.
Operating at the heart of our broking analytics offering, this role provides an outstanding platform for an actuary to apply their technical expertise while directly influencing client strategy, capital efficiency, and risk transfer outcomes. The ideal candidate will bring a strong foundation in actuarial pricing, an ability to communicate complex ideas with clarity, and a passion for applying analytics in high-impact advisory settings.
The initial phases of work will focus on the hands-on setup and specification of a market-leading analytics and CAT environment. Experience and interest in working with technology teams as an actuarial subject matter expert (SME) are also a key requirement.
Key responsibilities include:
- Designing and building market-leading analytical tools and methodologies that improve pricing accuracy, workflow efficiency, and client-facing outputs.
- Serving as a strategic advisor to clients, providing deep actuarial insight into portfolio performance, risk dynamics, and optimal reinsurance structures.
- Supporting the development of bespoke reinsurance programs that meet client-specific objectives across risk mitigation, capital relief, and volatility management.
- Applying actuarial methods to price treaty reinsurance across a range of perils and lines, leveraging exposure data, loss experience, and catastrophe model outputs.
- Producing and presenting benchmark analyses that inform negotiations and enhance the credibility of placement strategies with reinsurers.
- Partnering closely with brokers to craft analytical placement narratives and supporting reinsurer engagement during the marketing and negotiation process.
- Adapting modeling outputs and performance indicators to strengthen our value proposition and differentiate our offering in a competitive market.
- Mentoring junior analysts and actuarial trainees, supporting their technical development and ensuring delivery excellence across the team.
- Conducting peer reviews and supporting the broader capability-building agenda of the analytics function.
- Developing trusted relationships with brokers, clients, reinsurers, and internal stakeholders, serving as a critical link between technical insight and commercial strategy.
- Contributing actuarial leadership to RFP responses, new business pursuits, and long-term client engagement strategies.
Essential Qualifications & Experience:
- Fully qualified actuary (ACAS, FCAS) with significant experience post-qualification in reinsurance, insurance, or advisory.
- Bachelor’s degree in Actuarial Science, Economics, Mathematics, Statistics, or related field.
- Experience post-qualification in the re/insurance industry.
- Deep understanding of treaty reinsurance pricing approaches and portfolio analytics, including experience and exposure rating across multiple lines of business.
- Experience and familiarisation working across multiple lines of business including Property, Casualty, Marine & Energy, Cyber, Credit & Political Risk, or similar classes.
- Familiarity with catastrophe model interpretation and integrating technical outputs into reinsurance structuring.
- Strong grasp of market dynamics and client decision-making processes within the reinsurance value chain.
- Demonstrated ability to communicate complex actuarial concepts with clarity to senior stakeholders and non-technical audiences.
- Ability to manage multiple ongoing complex projects and contact with the people involved in those, internal or external.
- Collaborative team player who thrives in a multi-disciplinary environment.
- Adaptable, solutions-focused, and energised by variety and pace.
- Committed to continuous learning, innovation, and client impact.
- Proficient in Excel and actuarial modeling tools; working knowledge of coding languages (Python) or data visualisation platforms (PowerBI, Tableau) is an advantage.
- Working knowledge of stochastic RI pricing tools; working knowledge of Igloo is an advantage.
- Good understanding of emerging technologies, including AI, Data Science, Generative AI, and data ingestion, to identify development opportunities.
Willis Re is committed to embracing a diverse, inclusive, and flexible work environment. We provide equal opportunity to all qualified individuals regardless of race, colour, religion, age, gender, gender expression, national origin, veteran status, disability, orientation, or any other legally protected categories.
Senior Actuary (Contract Role) employer: Willis Re Bermuda
Willis Re is an exceptional employer that fosters a dynamic and inclusive work culture, providing its employees with the opportunity to engage in cutting-edge analytics and innovative reinsurance solutions. Located in London, this role offers competitive compensation and the chance to work alongside industry leaders, while also supporting professional growth through mentorship and collaboration in a multi-disciplinary environment. With a commitment to diversity and continuous learning, Willis Re empowers its actuaries to make a meaningful impact in the reinsurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuary (Contract Role)
✨Join Financial Networking Events
Jump into local finance meetups and conferences — they’re a goldmine for temporary roles in banking and financial services. You can chat with industry professionals and even get leads on upcoming opportunities that might not be posted online yet.
✨Utilise Temp Agencies Specialised in Finance
Reach out to temp agencies that focus on the banking sector. They often have strong ties with various firms and can help you secure short-term gigs that can help beef up your CV and get your foot in the door at firms like Willis Re Bermuda.
✨Connect with Alumni from Your Uni
Don't underestimate the power of your university’s alumni network. Many former students are working in banking and can help you find temporary roles or even offer mentorship. Reach out directly or attend alumni events to broaden your circle.
✨Stay Active on Job Boards and Company Websites
Keep your eyes peeled on job boards specifically for finance roles. Companies like Willis Re Bermuda might post temporary positions directly on their sites, so make sure to apply there too. Set alerts to catch those roles the moment they go live!
We think you need these skills to ace Senior Actuary (Contract Role)
Some tips for your application 🫡
Show Off Your Academic Achievements:In banking and financial services, your academic record can really make you stand out. List relevant grades, certifications, or coursework on your CV, especially if you've taken finance-related modules. This is particularly important for a temporary role where qualifications can help you shine even brighter!
Highlight Relevant Experience:If you’ve done any internships, part-time roles, or even coursework that aligns with banking or finance, make sure you include those! Showcase specific tasks where you used quantitative skills or analytical thinking, as this is what the hiring managers at Willis Re Bermuda will be keen to see in your application.
Tailor Your Cover Letter Purposefully:When writing your cover letter, focus on why you’re interested in a temporary position at Willis Re Bermuda. Let them know how you can quickly adapt to the team's needs and how eager you are to learn the ropes of the banking sector during this short stint. Your motivation and enthusiasm could really set you apart!
Be Prepared with References:For temporary roles, references can play a crucial role in your application. Make sure you’ve got a couple of references lined up who can vouch for your skills and work ethic. This helps to give Willis Re Bermuda confidence in your short-term commitment to the role.
How to prepare for a job interview at Willis Re Bermuda
✨Brush Up on Financial Regulations
Since this is a role in banking and financial services, be ready to discuss key regulations like MiFID, Basel III, or GDPR. These are hot topics, and your awareness of how they impact daily operations can give you a significant edge during your interview with Willis Re Bermuda.
✨Showcase Your Analytical Skills
Prepare for interview questions that assess your analytical abilities. You might need to tackle hypothetical scenarios involving risk assessment or financial forecasting. Bringing examples of relevant projects or coursework can emphasise your practical understanding of these concepts.
✨Highlight Flexibility and Adaptability
For a temporary role, showing that you can quickly pick up new processes and tools is crucial. Be ready to discuss previous experiences where you had to adapt to changing requirements or tight deadlines, as this will reassure Willis Re Bermuda that you’re a reliable team player.
✨Demonstrate a Willingness to Learn
In a temporary position, leaning into your eagerness to learn can really set you apart. Be prepared to share how you’re staying updated on industry trends or any additional training you've pursued. Employers appreciate candidates who are proactive about their development—even for short-term roles.
