Interim Actuarial Model Validation - Inside IR35 Contract

Ecclesiastical Insurance UK; Gloucester; Hybrid; GBP 45,000 - 65,000; Full time

Job summary

Ecclesiastical Insurance UK is seeking an Interim Actuarial Model Validation Contractor on an 8-week, Inside IR35 contract. This hybrid role involves supporting actuarial risk management across the Benefact Group through internal model validation and comprehensive reporting.

The ideal candidate will have proven experience in model validation, a strong background in General Insurance, and excellent communication skills. Applications from all backgrounds are welcomed.

Qualifications

• Proven experience in model validation, model risk, or independent model review.
• Strong background in General Insurance, including pricing and reserving.
• Experience in recommending improvements based on analysis.

Responsibilities

• Support acturial risk management within the Benefact Group.
• Validate internal actuarial models and run annual reports.
• Liaise with various business areas for actuarial opinions.

Skills

Model validation

General Insurance background

Communication skills

Education

Qualified actuary (FIA or equivalent)

Job description

Working hours:

35 hours per week, Monday to Friday

Duration:

8 week contract, possibility to extend (Inside IR35)

Location:

Gloucester

About The Role

Benefact Group is looking for an Interim Actuarial Model Validation Contractor to join on an 8‑week, Inside IR35 contract on a hybrid basis. As a contractor you will support the provision of Actuarial Risk management across the Benefact Group.

What You’ll Be Doing

• Internal Model validation
• Run an annual “model outputs” validation report which delves into metrics including diversification benefit and comparison to standard formula
• Deep dive validation tests for targeted areas of risk
• Events Not in Data (within Underwriting and reserving risk)
• Latent claims (within reserving risk)
• Liaison with business areas to compile an Actuarial Function opinion on underwriting and pricing
• Independent review and challenge of business plan actuarial assumptions

What You’ll Need to Have

• Proven experience in model validation / model risk / independent model review
• Strong background in General Insurance – pricing, reserving, or capital modelling
• Qualified actuary (FIA or equivalent) preferred but not essential depending on experience level
• Experience in communicating with insurance business functions (across actuarial, underwriting and claims), identifying improvements and writing clear recommendations

We welcome applications from everyone.