Actuary, Assumption Development, R&D – 30117

The Emerald Group; Greater London; On-site; GBP 60,000 - 90,000; Full time

Job summary

The Emerald Group in London is seeking an actuarial specialist to contribute to best estimate assumptions in Longevity and Protection markets, from data analysis to model validation.

You will develop GLM and Survival model approaches, challenge pricing assumptions, mentor junior team members, and present recommendations to stakeholders across the firm.

A nearly qualified or Fellow actuary with strong analytical skills and collaboration is preferred.

Qualifications

• Nearly qualified or FFA/FC/ASA status with actuarial exams in progress.
• Experience with Generalised Linear Models and Survival Models.
• Strong analytical and problem-solving abilities.
• Good communication and stakeholder engagement.
• Knowledge of Longevity or Protection reinsurance markets.
• Familiarity with data sourcing, model fitting, and validation.

Responsibilities

• Develop market-leading actuarial assumptions by data analysis and modeling.
• Provide robust challenge to assumptions used by Pricing.
• Collaborate with stakeholders to explain technical recommendations.
• Support actuarial research and engage with academic partners.
• Mentor junior team members within the R&D team.
• Present findings to diverse audiences to gain approval.

Skills

Analytical skills

Modelling knowledge

Data analysis

Programming: SQL, R

Communication & presentation

Team collaboration

Education

Fellow of the Institute or Faculty of Actuaries or Society of Actuaries

Nearly qualified status acceptable

Tools

SQL

R

Tyche

Job description

In this role, you’ll work across both Longevity and Protection markets, giving you diverse exposure and the opportunity to make a real impact. You’ll contribute to developing the actuarial bases that set their best estimate assumptions — guiding work from initial data analysis through model fitting, validation, and final approval. Previous experience with actuarial techniques like Generalised Linear Models and Survival models would be an advantage.

• Location: London
• Category: Life Actuarial
• Type: Permanent

Key responsibilities (including but not limited to):

• Contribute to the development of market-leading assumptions by sourcing data, building models, and bringing innovative approaches to assumption setting
• Provide robust challenge to assumptions and approaches adopted by Pricing
• Build effective working relationships with stakeholders across the company, to support alignment and understanding of technical recommendations
• Support actuarial research initiatives, including contributing to internal analysis, thought-leadership work, and engagement with academic partners
• Provide guidance and mentoring within the R&D team, supporting the development for junior team members
• Nearly qualified or qualified Fellow of the Institute or Faculty of Actuaries or Society of Actuaries or other similar organisation
• Strong analytical skills and problem-solving abilities
• An understanding of one or more of the markets they operate in (Longevity or Protection reinsurance)
• Familiarity of experience studies, trend modelling, and pricing within the life insurance industry (including reinsurers, insurers and consultancy)
• Competent in using programming languages (e.g. SQL, R or Tyche)
• Knowledge of actuarial techniques such as Generalized Linear Models and Survival Models
• Ability to collaborate with strong team-working and interpersonal skills
• Experience in presenting to varied audiences on technical topics to gain approval