Actuary, General Insurance Risk & Analytics

Bank of England; City Of London; On-site; GBP 85,000 - 120,000; Full time

Job summary

The Bank of England’s Data and General Insurance Risk Specialists (DGIRD) invites applications for a General Insurance Actuary role. Based in Leeds or London, you will apply technical actuarial judgment to supervise insurers, contribute to technical standards, and support supervisory decisions.

You will work with colleagues across the Bank to safeguard financial stability and industry resilience. The role emphasizes collaboration, clear communication of complex issues, and delivering results

Qualifications

• Technical actuarial knowledge and experience broadly equivalent to that of a qualified actuary.
• Strong technical expertise in one or more insurance subject areas, including risk management, underwriting, capital modelling, reserving, reinsurance or exposure management.
• Commercial awareness and understanding of general insurance market dynamics.
• Ability to analyse complex information, form sound judgements and communicate clear, evidence-based recommendations.
• Excellent communication skills, with the ability to explain complex technical issues clearly and accessibly.
• Strong stakeholder management and relationship-building skills.
• Ability to manage competing priorities and deliver across multiple projects.
• Understanding of relevant regulatory frameworks and supervisory approaches, including Solvency UK.
• Breadth of experience across roles, organisations or areas of the insurance sector.
• Experience coaching or developing colleagues.
• Fellowship of the Institute and Faculty of Actuaries or equivalent organisation is desirable, but not essential if the individual has sufficient technical expertise.

Responsibilities

• Work closely with others in DGIRD and across supervision to maintain an understanding of firms' business models, key risks and lines of business.
• Provide actuarial input into the technical risks facing individual general insurance firms.
• Assess emerging risks and recommend appropriate supervisory responses.
• Build and maintain effective relationships with stakeholders within firms, including chief actuaries and CROs.
• Support the development of technical standards, thematic reviews and research initiatives, working with colleagues in Policy and Legal directorates.
• Contribute to the development and dissemination of technical expertise across the wider Insurance Directorate.
• Build and manage relationships across the PRA and wider Bank.
• Provide coaching and on-the-job support to team members.
• Represent the PRA credibly in external meetings, industry forums and engagements.
• Apply professional standards, technical assurance requirements and appropriate audit trails to all work.
• Technical actuarial knowledge and experience broadly equivalent to that of a qualified actuary.
• Strong technical expertise in one or more insurance subject areas, including risk management, underwriting, capital modelling, reserving, reinsurance or exposure management.
• Commercial awareness and understanding of general insurance market dynamics.
• Ability to analyse complex information, form sound judgements and communicate clear, evidence-based recommendations.

Skills

Actuarial expertise

Risk management

Communication skills

Stakeholder management

Regulatory knowledge

Coaching

Education

Fellowship of the Institute and Faculty of Actuaries

Job description

The Bank of England’s Data and General Insurance Risk Specialists (DGIRD) invites applications for a General Insurance Actuary role. Based in Leeds or London, you will apply technical actuarial judgment to supervise insurers, contribute to technical standards, and support supervisory decisions.

You will work with colleagues across the Bank to safeguard financial stability and industry resilience. The role emphasizes collaboration, clear communication of complex issues, and delivering results