Life Actuary (Nearly/Newly Qualified)

The Actuary; Dorking; Hybrid; GBP 65,000 - 90,000; Full time

Job summary

The Actuary is partnering with a leading UK group protection provider to recruit an Actuarial Consultant into its Risk & Capital team. Nearly or newly qualified actuaries with a life insurance background and strong technical skills are encouraged to apply.

You will contribute to core risk and capital activities, performing detailed actuarial analysis and supporting projects that influence capital position, risk assessment and product development.

Qualifications

• Nearly or newly qualified actuary with 2–3 exams remaining.
• Life insurance background with strong technical actuarial experience.
• Experience in modelling, assumptions, experience analysis, or valuation.
• Experience of capital modelling, internal models, stress testing or calibration.
• Familiarity with Prophet, GLMs, Emblem, and R.
• Knowledge of Solvency II or Solvency UK.
• Right to work in the UK (visa sponsorship not available).

Responsibilities

• Undertake internal model stress testing and calibration, analysing impact on capital requirements.
• Support setting and reviewing actuarial assumptions using data and experience analysis.
• Analyse demographic and economic experience and contribute to investigations and reporting.
• Produce technical analysis to support capital reporting and risk assessment.
• Review students' work on internal models and provide technical guidance.
• Contribute to technical projects for new product development and claims experience.
• Support initiatives related to Matching Adjustment and strategic partnerships.
• Collaborate across the actuarial function and mentor actuarial students.

Skills

Life insurance

Assumption setting

Experience analysis

Capital modelling

Internal models

Stress testing

Valuation

Statistical analysis

Tools

Prophet

GLMs

Emblem

R

Job description

The Opportunity

We are partnering with a leading UK group protection provider to recruit an Actuarial Consultant into its Risk & Capital team.

This role is suited to a nearly or newly qualified actuary with a life insurance background and strong technical skills, looking to develop their expertise across capital modelling, internal model calibration, assumption setting and experience analysis.

You will contribute to core risk and capital activities, undertaking detailed actuarial analysis and supporting projects that influence the business's capital position, risk assessment and product development. You'll work alongside experienced actuaries in a supportive environment that values technical expertise and professional development.

Key Responsibilities

• Undertake internal model stress testing and calibration, analysing the impact of different scenarios and assumptions on the business's capital requirements.
• Support the setting, review and calibration of actuarial assumptions, using relevant data and experience analysis to inform the assumptions adopted.
• Analyse demographic and economic experience, investigate emerging trends and contribute to experience investigations and reporting.
• Produce technical analysis to support capital reporting, risk assessment and wider capital management initiatives.
• Review actuarial students' work relating to internal models, providing technical guidance and helping ensure analytical outputs are robust and well supported.
• Contribute to technical projects supporting new product development, including developing methodologies, setting assumptions and analysing claims experience.
• Support wider business initiatives, including work relating to the Matching Adjustment for the claims portfolio and a strategic partnership focused on claims management.
• Work collaboratively with colleagues across the actuarial function, sharing technical knowledge and supporting the development of actuarial students

Requirements

• Nearly or newly qualified actuary, with no more than two to three exams remaining.
• Life insurance background with strong technical actuarial experience, particularly in assumption setting, experience analysis, modelling or valuation.
• Experience of capital modelling, internal models, stress testing or calibration.
• Familiarity with Prophet, GLMs, Emblem, R or similar modelling tools
• Knowledge of Solvency II or Solvency UK
• Must already have the right to work in the UK, as visa sponsorship is not available.

Why Consider This Opportunity?

You'll join an established actuarial team with significant technical expertise, a supportive culture and a strong commitment to career development. The role offers exposure to varied capital and risk projects, the opportunity to strengthen your technical specialism and the support of experienced actuaries invested in your progression.

If you're a technically strong nearly or newly qualified life actuary looking to develop your career in Risk & Capital, we'd welcome a conversation.