Capital Actuary

Tesco Insurance; Reigate; Hybrid; GBP 80,000 - 100,000; Full time

Job summary

A major insurance provider is seeking a Capital Actuary in Reigate. The successful candidate will support capital modeling and ensure regulatory compliance while mentoring the actuarial team. The role offers a competitive salary of £75,000+ with bonuses and hybrid working. Ideal applicants will have strong capital modeling experience and actuarial qualifications.

Benefits

Private Healthcare & Virtual GP Service

Generous holiday allowance

Colleague Clubcard discount

Green Car Leasing Scheme

Critical Illness cover

Qualifications

• Proven capital modelling experience essential.
• Qualified or nearly qualified actuary; completion of CT exams required.
• Knowledge of Solvency 2 and PRA regulatory framework is advisable.

Responsibilities

• Ensuring regulatory compliance in actuarial modelling.
• Supporting Finance Director in wider PRA compliance.
• Conducting capital modelling to identify capital requirements.

Skills

Capital modelling experience

Team collaboration

Detail-oriented

Education

Degree in mathematics or related discipline

Qualified or Nearly Qualified Actuary

Tools

Remetrica

Igloo

Job description

Overview

Serving our customers, communities, and planet a little better every day.

Salary – £75,000+ annual bonus & benefits

Work Level – 2

Location – Reigate

Office Attendance – Hybrid, however you need to travel to our Reigate office 2 days per week for this role.

Permanent role

Closing Date for applications – 19th September 2025 at 5pm.

We deal in the personal – from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for. And that means we always work with heart. Whether we’re helping our customers or looking after our people, you’ll find there’s a warmth and friendliness to everything we do.

Opportunity

We’re recruiting a Capital Actuary in Tesco Underwriting to provide support with capital modelling of our insurance portfolio. Proven capital modelling experience is essential to be successful in this Capital Actuary role. We’re looking for a great team player who also has a keen eye for detail and ability to work independently.

The Role

• Ensuring regulatory compliance in relation to actuarial modelling.
• Supporting the Finance Director / Chief Actuary in ensuring wider PRA compliance in respect of the wider regulatory framework.
• Undertaking capital modelling to identify the level of capital required and support ORSA, Solvency II and other economic capital requirements.
• Assisting the Actuarial and Finance teams financial modelling, planning and forecasting activities; particularly in relation to capital metrics and the causes of movement between planned, forecast and actual results.
• Providing mentoring and coaching support to the actuarial team, providing technical advice and guidance and embedding a learning culture.
• Working with the Senior Capital Actuary and Chief Actuary, reviewing and evaluating actuarial policies to ensure they meet the needs of our business.

We need you to have (min exp)

• Degree or equivalent qualification or experience in mathematics or a suitably related discipline.
• Qualified or Nearly Qualified Actuary (Completion of CT exams or equivalent is essential.).
• Knowledge of Remetrica / Igloo is advantageous.
• Proven ability to work as part of a team; fostering positive relationships and providing mutual support and guidance.
• Knowledge of Solvency 2 and Prudential Regulation Authority (PRA) regulatory framework and compliance/governance requirements.

What’s in it for you?

• Prepare for your retirement with our colleague pension scheme.
• Private Healthcare & Virtual GP Service for you and your family 365 days a year.
• Performance related annual bonus.
• Indulge in a generous holiday allowance with a minimum of 7.2 weeks, with the opportunity to buy more.
• Embrace the benefits of our Colleague Clubcard, enjoy a 10% discount that increase to 15% every payday (worth up to £2K). As an added perk, we’ll give you a second card to share with someone else.
• Green Car Leasing Scheme.
• Critical Illness cover.
• Benefit from our family-oriented initiatives, encompassing enhanced maternity leave pay, a shared parental leave policy, and a generous 8-week paid paternity leave.
• Take part in our Buy as you Earn and Save as you Earn share schemes.

Everyone’s welcome

We want all our colleagues to always feel welcome and be themselves. We’re committed to building a more inclusive workplace and celebrating everything that makes colleagues unique, and value the richness and diversity this brings to our business. A more diverse business helps us deliver on our purpose to serve our customers, communities, and planet a little better every day.

Additional Information

We also know the importance of balancing work with life’s other commitments. Please talk to us at interview about the flexibility you need, as we’re committed to exploring part time and flexible working opportunities, at every level of the organisation.

Interviews

Interviews commencing September 2025.

Why Tesco Insurance and Money Services?

Seeing your impact all around you: there's no better feeling.

Lucky for us, we get to feel it all the time. Because whatever our role, we're helping our colleagues and serving our customers, communities and planet a little better every day.

We deal in the personal – from pet insurance for your best friend, and home insurance for peace of mind, to motor insurance for your dream car or travel money for that trip you’ve worked hard for.

Everything we do is about making things better. Not just for others, but for you too. It's why you'll get bags of choice and plenty of development. It's why you'll always be heard and find balance that works for you. It's why you'll feel totally at home in a place where everyone's welcome.

So, if you want a career where you can do good and feel good, you've found it.

Let's make everyday a little better.

Our story

Making Insurance and Money Services more rewarding and offering great value and choice - because we know little wins can make a big difference.

We began life in 1997 and now help more than 2 million customers protect what matters to them.

We want to deliver a helpful service in everything we do and to make life easier for our customers. Our policies are really easy to manage online for our customers, but we know that being able to speak to our customer service staff when you need to is really important. This is why our customer service centers are open seven days a week.

Delivering great customer service means having great people behind the scenes – people who understand our customers and are driven by doing the right thing for them. We offer colleagues a place where they can feel totally at home in a place where everyone's welcome, where they can be part of a great team focused on making a real difference for our customers.

How to apply

We value our people and diverse teams and believe the variety of backgrounds and experiences make us stronger to achieve our goals.

Our colleagues are working hybrid, taking time to meet with colleagues in our offices for moments that matter, such as team catch ups, planning meetings and more. If you’re interested in finding out more about what a career at Tesco Insurance and Money Services looks like, click apply to find out more!