Actuarial Manager

Bupa; City Of London; Hybrid; GBP 125,000 - 150,000; Full time

Job summary

A leading health insurer in the UK seeks an Actuarial Reserving Manager with extensive experience in actuarial transformation and a strong command of the Psicle platform. This full-time position offers hybrid working opportunities and involves managing actuarial processes, engaging with stakeholders, and implementing governance strategies. The ideal candidate will have a proactive mindset and excellent communication skills. Salary starts from £55K per annum.

Benefits

25 days holiday per year

Access to physical and mental wellbeing services

Workplace pension

Online shopping discounts

Qualifications

• 5+ years of actuarial experience required.
• Strong communication skills required for reporting and collaboration.
• Ability to work under tight deadlines and manage workloads.

Responsibilities

• Support building and embedding Actuarial Transformation Programme.
• Engage with stakeholders to ensure business needs are met.
• Implement governance and documentation in processes.

Skills

Qualified actuary

Strong understanding of the Psicle platform

Experience in reserving methodologies

Experience in Actuarial transformation

Commercial decision making

Understanding of Solvency/Capital requirements

Project management experience

Excellent communication skills

Strategic thinking

Education

Qualified actuary (recommended 5 years experience)

Tools

Psicle

Job description

Job Description:

Actuarial Reserving Manager

Hybrid working with up to 4 days per week working from home

Angel Court, London or Willow House, Staines

Permanent

Salary starting from £55K per annum dependent upon experience

Full time 37.5 hours per week

We make health happen

At Bupa, we’re passionate about technology. With colleagues, customers, patients and residents in mind you’ll have the opportunity to work on innovative projects and make a real impact on their lives.

Right from the start you’ll become part of our digital & data strategy, joining us on our journey and developing yourself along the way.

How you’ll help us make health happen

As our Actuarial Reserving and Reporting Manager you'll support the Head Of Actuarial Transformation in building and embedding of Bupa's Actuarial Transformation Programme in the reserving, reporting and capital areas.

Accountabilities & activities:

• Support the Head of Actuarial Transformation to deliver the Actuarial Foundation and Commercial Analytics pillars, achieving the following benefits:
• Support reviews of Psicle in the reserving, reporting, and capital processes, with the aim of improving analytics and speed of implementation.
• Support reviews of Psicle in the reserving, reporting, and capital processes, with the aim of improving the speed of outputs to the business.
• Implement key changes identified alongside the Head of Actuarial Transformation in reporting areas (such as the Actuarial Function Report and the creation of the Solvency II Technical Provisions) into Psicle.
• Keep governance and documentation of processes front of mind and embed them with users.
• Identify and lead resources as required to deliver transformation.
• Improve ways of working for actuarial talent across Bupa by developing cross-business frameworks to connect actuarial teams.
• Enhance actuarial processes by systemising regular tasks, reducing risk and the need for manual intervention.
• Investigate the uses, capabilities, and future of current actuarial modelling platforms.
• Enable the business to enhance forward‑looking advanced analytics and adopt a more proactive approach to actuarial management.
• Embed Actuarial Month‑End data into the reserving, reporting, and capital processes.
• Engage with key stakeholders in the Market Unit to ensure the delivery meets the business needs and promotes enablement with in actuarial community.
• Develop a clear understanding of the BGIUK Actuarial teams to support the business as transformation becomes business as usual.
• To provide broader support to the Technical Actuarial team to enhance process optimisation, culture, governance and ways of working.
• Report status, key decisions and challenges to the Head of Actuarial Transformation in a timely and appropriate manner.

Key Skills / Qualifications needed for this role:

The role holder is expected to have the following experience and qualification/s

• Qualified actuary and/or equivalent level of actuarial experience (recommended 5 years).
• Strong understanding of the Psicle platform.
• Experience of reserving and designing reserving methodologies for new and existing insurance products.
• Experience of transformation within the Actuarial field.
• Experience of commercial decision making.
• Understanding of Solvency/Capital requirements.
• Understanding of the actuarial forecasting process and techniques.
• An appreciation of actuarial, medical and statistical issues relating to reserving and forecasting.
• Excellent planning and organisational skills and project management experience.
• Experience of making change happen (ideas into actions into results).
• Ability to work with ambiguity and uncertainty – often driven by incomplete/uncertain data.
• A proactive mindset, challenging requirements, seeing things from a customer angle and exploring new directions from results of analyses.
• Strong communication and influencing skills and experience in presenting complex issues simply and clearly.
• Excellent in presenting all types of information including complex data and strategic recommendations at all levels of an organisation.
• Proven success in influencing at driving change in the business.
• Strategic thinking and creative problem solving.
• Experience of managing a specialist team with a mixture of actuarial and non‑actuarial personnel.
• Experience of managing a demanding workload and tight deadlines.

Benefits

• 25 days holiday per year, pro rata to your contract.
• Access to a range of services to support your physical and mental wellbeing.
• Fixed term benefits allowance.
• Access to our confidential employee assistance programme.
• Workplace pension.
• Online discounts covering your everyday shopping, entertainment, eating out and more.

Why Bupa?

We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.

We encourage all of our people to “Be you at Bupa”, we champion diversity, and we understand the importance of our people representing the communities and customers we serve. That’s why we especially encourage applications from people with diverse backgrounds and experiences.

Bupa takes pride in being a Level 2 Disability Confident Employer and will aim to offer an interview/assessment to disabled applicants who best meet the minimum criteria for the role. We’re committed to ensuring you’re treated fairly during the recruitment process and offer reasonable adjustments to anyone who may benefit from accommodations to the recruitment process.

Time Type: Full time

Job Area: IT

Locations: Angel Court, London, Staines - Willow House