Chief Actuary

NFU Mutual; Stratford-upon-Avon; Hybrid; GBP 136,000 - 160,000; Full time

Job summary

A leading insurance provider is seeking a Head of Actuarial Function & Chief Actuary (GI) to lead its actuarial strategy and influence its General Insurance business. The successful candidate will advise the Board, enhance reserving methodologies, and develop a skilled team, ensuring compliance with regulatory requirements. This role offers a salary of up to £160,000 and a flexible hybrid working environment.

Benefits

Salary up to £160,000

Annual bonus up to 33%

Car allowance of £7,000

Contributory pension scheme

28 days annual leave

Private medical insurance

Gym membership contribution

Employee Volunteering day

Life Assurance cover of 4 x salary

Employee discounts on insurance policies

Qualifications

• FFellowship of the Institute and Faculty of Actuaries required.
• Substantial experience in General Insurance with a strong track record.
• Deep understanding of UK regulatory requirements and actuarial techniques.

Responsibilities

• Advise the Board on technical provisions and data quality.
• Provide independent opinions on underwriting policy.
• Lead and develop a skilled actuarial team.

Skills

Fellowship of the Institute and Faculty of Actuaries

Experience in General Insurance

Underwriting

Pricing

Reserving

Analytical skills

Communication skills

Leadership

Education

Current Chief Actuary Practising Certificate

Job description

This vacancy is referred to internally as Head of Actuarial Function & Chief Actuary, GI

• Lead the actuarial strategy and influence the future of NFU Mutual’s General Insurance business
• High-profile, Board-facing role with significant impact and visibility
• Flexible hybrid working, with opportunities for professional growth and leadership

Are you ready to lead actuarial excellence at the heart of a respected mutual insurer? As Head of Actuarial Function / Chief Actuary (GI), you’ll provide expert oversight and challenge for our General Insurance business. You’ll play a pivotal role in shaping strategy, ensuring regulatory compliance, and supporting our ambitious growth plans in the commercial market. This is a unique opportunity to make a lasting impact, working alongside senior leaders and regulators while developing a high-performing team.

About the role

As the named Chief Actuary for General Insurance, you will:

• Advise the Board on the adequacy of technical provisions, focusing on methodologies, assumptions, and data quality.
• Provide independent opinions on underwriting policy and reinsurance arrangements to the Board Risk Committee.
• Review and enhance reserving methodologies, presenting recommendations to senior committees.
• Lead the delivery of second line assurance on financial risk, sharing insights and recommendations with key stakeholders.
• Support the Executive team as a member of the Group Financial Risk and Reserving.
• Drive short-term projects and strategic initiatives to achieve business objectives.
• Lead, motivate, and develop a skilled actuarial team, fostering a culture of growth, collaboration, and excellence.
• Ensure all actuarial work meets professional standards and regulatory requirements.

About you

We’re seeking a dynamic and credible actuarial leader who brings:

Technical expertise

• Fellowship of the Institute and Faculty of Actuaries (FFA or FIA) and a current Chief Actuary Practising Certificate (or the skills and experience to obtain one).
• Substantial experience specifically in General Insurance, with a strong track record in underwriting, pricing, and reserving.
• Deep understanding of UK regulatory requirements, Solvency II, and actuarial modelling techniques.
• Proven ability to analyse complex data, assess risk, and deliver robust financial reporting.

Leadership and personal qualities

• Experience influencing at Board level and engaging confidently with senior stakeholders and regulators.
• Demonstrable success in leading and developing teams to achieve strategic goals.
• Excellent communication skills, able to translate complex concepts for diverse audiences.
• Strategic thinker with sound judgement, problem-solving skills, and a hands‑on approach.
• Commitment to fostering an inclusive, empowering, and high-performance culture.

Senior Manager’s Regime (SMF 20 – Chief Actuary (GI))

This role is designated as a Senior Manager. Senior Manager Functions are specific roles required by our regulators to fulfil key accountabilities within the organisation and are subject to approval by the regulators prior to appointment. Details of the specific accountabilities related to this role are held within the Statement of Responsibility and Handover Pack for the position.

Benefits and Rewards

When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:

• Salary – up to £160,000
• Annual bonus (up to 33% of salary)
• Car allowance of £7,000
• Contributory pension scheme, up to 20%, including your 8% contribution
• 28 days annual leave + bank holidays + buy/sell/save holiday trading scheme
• A Family Friendly policy that helps you balance your work and family responsibilities
• Private medical insurance family cover
• Access to savings at High Street brands, travel and supermarkets
• £20 contribution to a monthly gym membership – subject to T&Cs
• Health and wellbeing plan - cashback for dentist, opticians, physio and more
• Employee Volunteering - volunteer in the community for one day each year
• Unlimited access to Refer a Friend £500 bonus scheme
• Life Assurance cover of 4 x salary
• Employee discounts of 15% on a range of NFU Mutual insurance policies.

Working at NFU Mutual

We’re one of the UK’s leading general insurance and financial services companies. For over 110 years we’ve put our customers at the heart of everything we do. Our people are just as important to us.

We pride ourselves on being “a great place to work” and our Gallup Exceptional Workplace 2025 award was not only awarded with Distinction but also named us as the first UK-based company to receive a Gallup Exceptional Workplace for ten years in a row. We are also the only Insurer to feature in the LinkedIn Top 15 Companies 2025 list of ‘Best midsize employers to grow your career in the UK’, the Glassdoor Best Places to Work UK List 2023 and 2024, and were recognised as a certified UK Top Employer by the Top Employers Institute in 2023, 2024 and 2025.

We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future.

We support an inclusive workplace and value all the differences that make us unique.

We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees.

We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.

We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.