Model Validation Actuary (GI)

NFU Mutual; Stratford-upon-Avon; Hybrid; GBP 95,000 - 110,000; Full time

Job summary

A leading UK financial services provider is seeking a Model Validation Actuary to lead the delivery of model validation and regulatory compliance strategies. The ideal candidate will be a professionally qualified actuary with expertise in model validation, strong stakeholder engagement, and excellent communication skills. This role offers a salary of circa £95,000 with significant benefits, including hybrid working options and annual bonuses.

Benefits

Annual bonus up to 25% of salary

Contributory pension scheme up to 20%

28 days annual leave plus bank holidays

Private medical insurance

Health and wellbeing plan

Employee Volunteering opportunities

Refer a Friend £500 bonus scheme

Life Assurance cover of 4 x salary

Employee discounts on NFU Mutual policies

Qualifications

• Detailed knowledge of regulatory requirements for internal model approval and governance.
• Experience deploying validation tools and techniques like stress and scenario testing.
• Strong understanding of capital management and actuarial modelling techniques.

Responsibilities

• Leading the delivery of model validation to meet regulatory requirements.
• Shaping internal model validation strategy and validating critical business models.
• Building relationships with stakeholders and industry bodies.

Skills

Model validation

Regulatory compliance

Stakeholder engagement

Communication skills

Technical expertise

Strategic thinking

Education

Professionally qualified actuary (FIA or FFA)

Tools

Validation tools and techniques

Job description

• Continue to develop your General Insurance (GI) actuarial career, leading the delivery of model validation for a market-leading, Financial Services provider
• Shape strategy and drive best practice in model risk management
• Hybrid working on offer – up to 80% of your time working from home, with one day a week at our Head office in Stratford Upon Avon – thanks to a supportive, award-winning culture

About the role:

As a Model Validation Actuary (GI) at NFU Mutual, you’ll play a pivotal role in developing and leading our model validation strategy, ensuring we remain at the forefront of industry best practice and regulatory compliance. You’ll also enhance and deliver technical processes that support our long-term objective of sustainable, profitable growth.

You’ll be responsible for:

• Shaping and evolving the internal model validation strategy and validation of other critical business models, keeping pace with statutory requirements and stakeholder needs.
• Leading the delivery of model validation to meet regulatory requirements and providing management information to support senior decision-making.
• Acting as a delegate for the Head of Model Risk on all matters related to model validation and model risk.
• Building influential relationships with key stakeholders and industry bodies (such as IFoA, PRA, ABI).
• Driving continuous professional development and sharing expertise through training on the latest model validation techniques and regulatory expectations.
• Delivering short-term projects and activities as required.

About you:

You’re a professionally qualified actuary (FIA or FFA) with a strong background in financial services and model validation for GI products. You combine technical expertise with strategic thinking and a pragmatic, commercial approach.

You’ll bring:

• Detailed knowledge of regulatory requirements for internal model approval and governance
• Experience deploying validation tools and techniques (e.g., stress and scenario testing, analysis of change)
• Strong understanding of capital management, reserving methods, and actuarial modelling techniques
• Excellent communication skills, with the ability to present complex information clearly to senior stakeholders and committees
• Effective relationship management and stakeholder engagement skills
• A track record of planning and delivering complex actuarial projects
• Up-to-date knowledge of model risk management, data science, machine learning, and AI

At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees.

We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.

We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.

Benefits and Rewards:

When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:

• Salary of circa £95,000
• Annual bonus (up to 25% of salary)
• Contributory pension scheme, up to 20%, including your 8% contribution
• 28 days annual leave + bank holidays + buy/sell/save holiday trading scheme
• A Family Friendly policy that helps you balance your work and family responsibilities
• Private medical insurance + options to add family members
• Access to savings at High Street brands, travel and supermarkets
• £20 contribution to a monthly gym membership – subject to T&Cs
• Health and wellbeing plan - cashback for dentist, opticians, physio and more
• Employee Volunteering - volunteer in the community for one day each year
• Unlimited access to Refer a Friend £500 bonus scheme
• Life Assurance cover of 4 x salary
• Employee discounts of 15% on a range of NFU Mutual insurance policies.
• Salary sacrifice employee car scheme - subject to eligibility

Working at NFU Mutual:

We’re one of the UK’s leading general insurance and financial services companies. For over 110 years we’ve put our customers at the heart of everything we do. Our people are just as important to us.

We pride ourselves on being “a great place to work” and our Gallup Exceptional Workplace 2025 award was not only awarded with Distinction but also named us as the first UK-based company to receive a Gallup Exceptional Workplace for ten years in a row. We are also the only Insurer to feature in the LinkedIn Top 15 Companies 2025 list of ‘Best midsize employers to grow your career in the UK’, the Glassdoor Best Places to Work UK List 2023 and 2024, and were recognised as a certified UK Top Employer by the Top Employers Institute in 2023, 2024 and 2025.

We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future.