Life Actuary: Risk & Capital Modelling Consultant

Oliver James Group; Dorking; On-site; GBP 65,000 - 90,000; Full time

Job summary

Oliver James Group, partnering with a leading UK group protection provider, seeks an Actuarial Consultant for its Risk & Capital team. The role suits a nearly or newly qualified actuary with life insurance experience and strong technical skills in capital modelling, model calibration, assumptions, and experience analysis.

You will contribute to core risk and capital activities, perform detailed actuarial analysis, and support projects influencing capital position, risk assessment and product

Qualifications

• Nearly or newly qualified actuary with life insurance background.
• Experience with capital modelling, internal models, stress testing or calibration.
• Familiarity with Solvency II or Solvency UK.

Responsibilities

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

Skills

Life Insurance

Actuarial Science

Capital Modelling

Risk Management

Internal Models

Solvency II

Solvency UK

Actuarial Valuation

Assumption Setting

Experience Analysis

Stress Testing

Scenario Analysis

Sensitivity Analysis

Prophet

Statistical Modelling

GLMs

Python

R

Reserving

Reinsurance

Tools

Prophet

GLMs

Emblem

R

Python

Job description

Oliver James Group, partnering with a leading UK group protection provider, seeks an Actuarial Consultant for its Risk & Capital team. The role suits a nearly or newly qualified actuary with life insurance experience and strong technical skills in capital modelling, model calibration, assumptions, and experience analysis.

You will contribute to core risk and capital activities, perform detailed actuarial analysis, and support projects influencing capital position, risk assessment and product