At a Glance
- Tasks: Develop and enhance Prophet models for IFRS 17 and business planning.
- Company: Join a forward-thinking team in the actuarial field.
- Benefits: Wellbeing support, training, volunteering opportunities, and career growth.
- Other info: Dynamic environment with a focus on diversity and inclusion.
- Why this job: Make an impact by driving continuous improvement and automation in modelling solutions.
- Qualifications: Experience with Prophet models and a degree in Actuarial Science or related field.
The predicted salary is between 59400 - 72600 £ per year.
Overview
In this role you will develop and enhance actuarial Prophet models to support IFRS 17 reporting, risk-based capital, and business planning.
You will partner with stakeholders to translate requirements into robust modelling solutions while ensuring governance and regulatory compliance.
The position offers collaboration in a forward-thinking team and opportunities to drive continuous improvement and automation.
You will contribute to controlling models, testing, and documenting processes in a trusted, risk-aware environment.
- Pay / Benefits
- wellbeing support
- training and development opportunities
- volunteering and community activity
- diversity and inclusion
- supportive environment
- career growth opportunities
Responsibilities
- Develop, maintain and enhance Prophet models for IFRS 17, RBC, and business planning
- Collaborate with stakeholders to translate requirements into modelling solutions
- Identify process improvements through automation and new approaches
- Ensure models and processes meet governance and regulatory standards with clear documentation
- Perform testing and validation to demonstrate model accuracy and reliability
- Support audit activities by evidencing governance controls
- Contribute actuarial expertise to cross-functional projects
- Key requirements
- Prophet model development experience
- Prophet Professional and Prophet Enterprise experience
- Full or part actuarial professional qualification
- Degree in Actuarial Science, Mathematics, or related discipline
- Advanced MS Excel and MS Access/SQL skills
- Life insurance industry experience and knowledge of unit-linked products
- Understanding of IFRS 17 and RBC reporting requirements
- Strong analytical, numerical, and detail-oriented skills
- Clear communication of complex concepts to diverse stakeholders
- Proactive mindset and drive for continuous improvement
- problem-solving oriented
- excellent communication
- proactive and challenger attitude
- Prophet model development
- Prophet Professional
- Prophet Enterprise
Actuarial Model Developer (Prophet) in Douglas employer: Zurich Insurance Group
Zurich UK is an exceptional employer that prioritises flexibility and employee wellbeing, offering part-time, job-share, and full-time options to accommodate diverse needs. With a strong commitment to diversity and inclusion, employees are encouraged to grow through transparent internal mobility and access to various development opportunities. The supportive work culture fosters collaboration and innovation, making it an ideal place for professionals looking to make a meaningful impact in the field of exposure management.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Model Developer (Prophet) in Douglas
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Zurich Insurance Group). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Zurich Insurance Group. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Model Developer (Prophet) in Douglas
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Zurich Insurance Group.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Zurich Insurance Group. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Zurich Insurance Group
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Zurich Insurance Group to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Zurich Insurance Group, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Zurich Insurance Group's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
