Senior Actuary

Royal London Mutual Insurance Society; Alderley Edge; Hybrid; GBP 70,000 - 90,000; Full time

Job summary

A leading mutual life and pensions company in the UK seeks a Senior Actuary to provide specialist actuarial advice and analysis. The role involves managing a team, enhancing methodologies, and ensuring high-quality financial analysis. Ideal candidates will possess FIA or FFA qualifications and strong leadership skills. The position offers a hybrid working style and competitive benefits, including a generous pension scheme and private medical insurance.

Benefits

28 days annual leave

14% employer matching pension scheme

Private medical insurance

Qualifications

• Actuary with relevant professional experience.
• Proven ability to lead, manage, and motivate a team.

Responsibilities

• Delivery of Longevity & Expense assumptions for BE and Risk Calibration.
• Manage performance and development of direct reports.
• Monitor quality of financial analysis performed by team.

Skills

Communication

Leadership

Risk Calibration

Longevity Assumptions

Expense Assumptions

Education

Actuary (FIA or FFA)

Job description

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Job Title: Senior Actuary

Contract Type: Permanent

Location: Alderley Park /London

Working style: Hybrid 50% home/office based

Closing date: 21st May 2025

We are looking for a Senior Actuary to join our Finance & Actuarial team. This role is crucial in providing specialist actuarial advice and analysis required by the Group. You will act as a technical expert as well as leading and managing a highly specialist team of actuarial professionals.

About the Role:

• Responsible for the delivery of Longevity & Expense assumptions for BE and Risk Calibration
• Utilise understanding of industry best practice in assumption setting to enhance existing methodologies
• Manage the performance and development of direct reports
• Monitor and check the quality of financial analysis performed by team members.
• Identify and make improvements to areas in processes with high levels of risk or control failure.
• Write and coordinate the writing of reports and documentation.
• Maintain and improve systems/processes used within the required level of governance.
• Provide actuarial support and leadership to projects as required.

About You:

• Actuary (FIA or FFA) with relevant professional experience.
• Highly developed communication skills, both verbal and written.
• Excellent understanding of life and pensions products, including competitors' products.
• Adept with risk calibration assumptions, expense assumptions and longevity assumptions.
• Proven ability to lead, manage, and motivate a team.
• Desire for continuous self-improvement and professional development.
• Adaptive to change and forward-thinking.

About Royal London

We're the UK's largest mutual life, pensions and investment company, offering protection, long-term savings and asset management products and services.

Our People Promise to our colleagues is that we will all work somewhere inclusive, responsible, enjoyable and fulfilling. This is underpinned by our Spirit of Royal London values; Empowered, Trustworthy, Collaborate, Achieve.

We've always been proud to reward employees by offering great workplace benefits such as 28 days annual leave in addition to bank holidays, an up to 14% employer matching pension scheme and private medical insurance. You can see all our benefits here - Our Benefits

Inclusion, diversity and belonging

We're an Inclusive employer. We celebrate and value different backgrounds and cultures across Royal London. Our diverse people and perspectives give us a range of skills which are recognised and respected - whatever their background.