Commercial Actuarial Manager - Life

Benefact Group plc; Cranham Gate; Hybrid; GBP 60,000 - 90,000; Part time

Job summary

A leading company in the UK is seeking a Commercial Actuarial Manager to join their Gloucester office on a part-time basis. This role involves influencing strategic direction and engaging in product development while collaborating closely with the CEO. The organization prides itself on a supportive culture, impactful charitable work, and is recognized among the top companies to work for in the UK.

Benefits

Hybrid working

Group Personal Pension with 12% employer contribution

Annual bonus scheme between 7.5-30%

28 days annual leave plus bank holidays

Health and wellbeing benefits

Annual personal grant to charity

Volunteer day

Employee Assistance Programme

Full study support for professional qualifications

Access to virtual GP

Qualifications

• Broad knowledge of life insurance strategies.
• Strong expertise in Solvency II frameworks.
• Experience delivering insights at board level.

Responsibilities

• Shape strategic direction for the life insurer.
• Lead market research and evaluate new business opportunities.
• Develop competitive products aligned with regulations.

Skills

Knowledge of investments

Expert knowledge in Solvency II

Understanding of IFRS17

Managing projects

Business development interest

Job description

Working hours: Part Timecirca 21 hours per week

Duration: Permanent

Location: Gloucester

About the role

Benefact Groupare looking for a CommercialActuarial Manager-Lifeto join our Gloucesteroffice on a part time basis.

You will play a pivotal role in shaping the strategic direction of a growing niche life insurer. Working closely with the CEO, you will lead market research and evaluation of new business opportunities. Your actuarial expertise will be instrumental in product development and evaluating prospects and optimal strategies, ensuring the company’s offerings remain competitive and aligned with regulatory and financial requirements.

Why join us?

Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK's top 50 Best Large Companies to Work For in 2024, we offer fantastic career and development opportunities within a rapidly growing, innovative Group—where all profits go to charity and good causes.

What makes you stand out

• A broad knowledge of investments, particularly in relation to life insurance strategies
• Expert knowledge in Solvency II and the frameworks governing life insurers
• Understanding of IFRS17 and other key metrics used by life insurers
• Previous experience of managing projects and delivering board level insights
• A keen interest in strategy and business development

What we offer

• A competitive salary - let's discuss it
  
• Hybrid working
  
• Group Personal Pension - up to 12% employer contribution
  
• Generous annual bonus scheme between 7.5-30%
• Full time equivalent28days annual leave plus bank holidays, and a holiday buy andsell scheme
• An array of health and wellbeing benefits, including private healthcare, income protection and life assurance
• £200 annual personal grant to a charity of your choice
  
• Encouraged to take at least one volunteering day per year
  
• Employee Assistance Programme
  
• Full study support to gain professional qualifications
• Access to virtual GP
• Enhanced maternity and paternity pay

Hear from the hiring manager

As Commercial Actuarial Manager, you will play a pivotal role in shaping the strategic direction of a growing niche life insurer. Working closely with the CEO, you will lead market research and evaluation of new business opportunities. Your actuarial expertise will be instrumental in product development and evaluating prospects and optimal strategies, ensuring the company’s offerings remain competitive and aligned with regulatory and financial requirements.

About us

Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade*, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.

We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.

At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.

If you need any additional support during the recruitment process, then please let us know.

*Directory of Social Change’s UK Guides to Company Giving 2017-26