Actuarial Associate Director - General Insurance

BDO; City of Westminster; On-site; GBP 80,000 - 140,000; Full time

Job summary

BDO UK LLP in London is seeking a General Insurance Actuarial Manager to advise on a wide range of actuarial issues, including reserving, regulatory advisory, governance, and risk management for insurer clients.

The role involves project managing and developing the existing team, delivering Solvency II work, IFRS 17, pricing, and data analysis, and collaborating with senior managers and partners to broaden services.

Qualifications

• Actuarial qualification, ideally FIA, with post-qualification experience.
• Strong technical knowledge including Reserving.
• Open-minded and critical thinker.
• Experience in non-life insurance reserving, Solvency II, IFRS 17, or related areas preferred.
• Experience managing others; advisory experience would be an advantage.

Responsibilities

• Provide actuarial advice across a wide range of insurance topics in London.
• Project manage and develop the actuarial team; deliver reserving and Solvency II work.
• Support governance, risk advisory, and regulatory compliance initiatives.
• Collaborate with senior managers and partners to identify opportunities for services.

Skills

Technical actuarial knowledge

Reserving

People management

Advisory experience

Critical thinking

Education

FIA or equivalent

Job description

Ideas | People | Trust

We’re BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today’s changing world.

We work with the companies that are Britain’s economic engine – ambitious, entrepreneurially-spirited and high growth businesses that fuel the economy - and directly advise the owners and management teams that lead them.

We’ll broaden your horizons

Our Advisory team provide a wide variety of services that deliver value-led advice and outcomes. They have an in-depth knowledge of business, industry sectors and markets and understand the constantly changing risks and opportunities at the heart of our clients’ affairs. The team work across strategy, operations and improvement as well as at a transactional and defined project level. From technology to risk advisory, they’re experts in following through on top-level instructions and resolving the finer details – all in one straight-forward package. When you join them, you’ll work on some of the world's most exciting financial operations and business deals, building your experience and expertise alongside the brightest minds in the industry.

We’ll help you succeed

Leading organisations trust us because of the quality of our advice. That quality grows from a thorough understanding of their business, and that understanding comes from working closely with them and building long-lasting relationships.

You’ll be someone who is both comfortable working pro-actively and managing your own tasks, as well as confident collaborating with others and communicating regularly with senior managers, directors, and BDO’s partners to help businesses effectively. You’ll be encouraged to identify and draw attention to opportunities for enhancing our delivery and providing additional services to organisations we work with.

As a General Insurance Actuarial Manager you 'll join our London and provide advice on a wide range of issues. These include assurance services, external and internal audit, corporate governance and risk advisory, regulatory advisory including section 166 skilled person work and portfolio transfers, actuarial loss-reserving and pricing, taxation, solvency and regulatory compliance, management information systems, litigation support and forensic accounting. You'll project manage and develop existing team in offering a range of actuarial services and tools to a portfolio of clients within the insurance industry. This is expected to primarily include reserving and Solvency II work but is likely to also cover risk management, IFRS 17, pricing and data science.

You’ll be someone with

• An Actuarial qualification, ideally Fellow of the Institute and Faculty of Actuaries, with post-qualification experience
• Strong technical actuarial knowledge including Reserving
• Open minded and critical thinker
• Some experience of at least two of the following in non-life insurance: reserving for accounting purposes; Solvency II Technical Provisions; Solvency II Standard Formula; Capital Modelling. Experience in any of the following would also be beneficial: IFRS 17/ risk management /data analytics/pricing/model validation/statements of actuarial opinion (SAO), mergers and acquisitions
• Experience of managing others
• Advisory experience would be an advantage

We’re in it together

Mutual support and respect is one of BDO’s core values and we’re proud of our distinctive, people-centred culture. From informal success conversations to formal mentoring and coaching, we’ll support you at every stage in your career, whatever your personal and professional needs.

Our agile working framework helps us stay connected, bringing teams together where and when it counts so they can share ideas and help one another. At BDO, you’ll always have access to the people and resources you need to do your best work.

We know that collaboration is the key to creating value for the companies we work with and satisfying experiences for our colleagues, so we’ve invested in state-of-the-art collaboration spaces in our offices. BDO’s people represent a wealth of knowledge and expertise, and we’ll encourage you to build your network, work alongside others, and share your skills and experiences. With a range of multidisciplinary events and dedicated resources, you’ll never stop learning at BDO.

We’re looking forward to the future

At BDO, we help entrepreneurial businesses to succeed, fuelling the UK economy.

Our success is powered by our people, which is why we’re always finding new ways to invest in you. Across the UK thousands of unique minds continue to come together to help companies we work with to achieve their ambitions

We’ve got a clear purpose, and we’re confident in our future, because we’re adapting and evolving to build on our strengths, ensuring we continue to find the right combination of global reach, integrity and expertise. We shape the future together with openness and clarity, because we believe in empowering people to think creatively about how we can do things better.