Actuarial Analyst

Royal London Ireland; Dublin; Hybrid; EUR 50,000 - 70,000; Full time

Benefits offered by this job

28 days annual leave

Private medical insurance

Pension with employer contribution up‑

Flexible work arrangements

Job summary

Royal London Ireland is seeking an Actuarial Analyst to join the Finance team in Dublin. You will provide actuarial analysis and insight to support business decisions and the operation of the Actuarial Function, covering valuation, reporting and experience analysis while engaging with senior stakeholders.

You will work across valuation, management information and process improvements, with 50% hybrid work from home and office.

Qualifications

• A degree in a mathematical, financial or related subject.
• Strong numerical, technical, investigative and data-manipulation skills.
• Good IT knowledge, especially Excel and Word.
• Experience/knowledge of Visual Basic and Access is beneficial.

Responsibilities

• Actuarial valuation: review data flows, models and valuations with documentation.
• New business reporting and management information: prepare weekly/monthly reports and explain movements.
• Experience analysis: assist persistency/mortality/morbidity analyses and report findings.
• Stakeholder engagement: build relationships and communicate technical actuarial information clearly.
• Risk and controls: understand key risks and ensure controls are followed and learning completed.

Skills

Numerical skills

Data manipulation

Excel

Word

VB/VBA

MS Access

Education

Degree in mathematics/finance or related

Tools

Visual Basic (VBA)

Microsoft Access

Job description

Location: Dublin, 50% home & office based

Closing Date: 25/11/1016

About the role

We have an exciting opportunity for an Actuarial Analyst to join our Finance team in Royal London Ireland.

In this role, you will provide actuarial analysis and insight to support effective business decision-making and the continued operation of the Actuarial Function. You will help assess actuarial risks, assumptions and methodologies, and communicate your findings and recommendations to stakeholders across the business.

You will have the opportunity to build broad actuarial experience and work closely with senior stakeholders across Royal London Ireland. This varied role offers exposure to actuarial valuation, new business reporting, management information and experience analysis, alongside opportunities to contribute to process improvements.

About the team

The Finance team provides clear insight into priority business issues, helping Royal London Ireland drive value and make informed decisions. Within the Actuarial Function, you will contribute to accurate reporting and strong financial controls that support those decisions.

Key responsibilities

Actuarial valuation

• Complete checks across end-to-end data flows and controls, assessing their effectiveness and recommending improvements.
• Review changes to actuarial models and methodologies, ensuring appropriate documentation is maintained.
• Support the assessment and documentation of manual reserves.
• Assist with quarterly actuarial valuation processes, including reviewing the Analysis of Change and preparing supporting commentary.
• Identify opportunities to improve the accuracy and efficiency of valuation processes.

New business reporting and management information

• Prepare accurate weekly and monthly new business reports.
• Investigate and clearly explain movements in reported figures.
• Identify and deliver improvements to reporting processes and controls.
• Assist with the preparation of additional management information reports when required.
• Respond to queries from senior stakeholders in a timely and effective manner.

Experience analysis

• Support the preparation of persistency, mortality and morbidity experience analysis.
• Prepare draft reports summarising the findings from actuarial investigations.
• Review analysis prepared across the wider Group to promote consistency of approach where appropriate.
• Help develop processes that meet End User Computing requirements and recognised best practice, ensuring they are repeatable, efficient and auditable.
• Explain results clearly and identify emerging trends.

Stakeholder engagement and continuous improvement

• Build effective relationships with internal and external stakeholders, including senior management.
• Communicate technical actuarial information clearly to both technical and non-technical audiences.
• Contribute actively and effectively to meetings.
• Help explore opportunities to use artificial intelligence (AI) to improve actuarial processes and strengthen controls, with appropriate human review and oversight.
• Promote best practice and continuous improvement across the Actuarial Function.
• Support the development and implementation of the Finance function’s strategy and plans.
• Demonstrate behaviours consistent with the Royal London Values.

Risk and controls

• Develop a strong understanding of the key risks and controls within the Actuarial Function.
• Carry out day-to-day responsibilities in line with Royal London Ireland policies and departmental procedures.
• Ensure controls are performed as designed.
• Complete all mandatory learning within the required timelines.

About you

We are looking for someone with:

• A degree in a mathematical, financial or related subject.
• Strong numerical, technical, investigative and data-manipulation skills.
• Good IT knowledge and experience, particularly in Microsoft Excel and Word.
• Experience or knowledge of Visual Basic and Microsoft Access would also be beneficial.
• Strong planning, organisational and time-management skills.
• Excellent attention to detail and a natural desire to investigate, problem-solve and understand the wider context of the work.
• The ability to communicate technical actuarial information clearly and concisely.
• Confidence working collaboratively with colleagues and stakeholders across different areas of the business.
• A flexible and adaptable approach.
• A commitment to continuous learning and professional development.

Our approach to compensation is designed to help us attract, inspire and retain the best talent. We aim to pay employees fairly and competitively across all levels and roles. The base salary range for this position is:

This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; and qualifications. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of our total package. Other rewards include participation in a discretionary bonus scheme and a comprehensive benefits package and pension. We are committed to fostering a flexible work environment that enables employees to thrive personally and professionally.

About Royal London Ireland

Based in St Stephen’s Green in Dublin, Royal London Ireland is a fully owned subsidiary of the Royal London Mutual Insurance Society Limited, the largest mutual life, pensions, and investment company in the UK. We are authorised by the Central Bank of Ireland and provide protection products through Financial Brokers across Ireland. Our excellent customer service and mutual mindset means we take a longer-term view and focus on providing best customer outcomes.

Our culture is welcoming and friendly; we aim to make you always feel included. We encourage applications from those who may be on extended career break or from different work sectors and seeking to move into financial services. We are open to discussing flexible work arrangements.

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.

Regulatory responsibilities

You will be expected to develop and apply an appropriate understanding of relevant insurance regulation and actuarial guidance in Ireland and the UK. This includes applicable responsibilities under Ireland’s Consumer Protection Code and relevant Treating Customers Fairly principles.

This role offers the opportunity to develop broad actuarial experience across valuation, reporting and experience analysis while contributing to improvements within a key Finance function. You will work with a range of stakeholders, gain exposure to senior management and play a meaningful role in supporting well-informed business decisions.

Only candidates who possess a valid right to work in the Ireland will be able to undertake this role. Unfortunately, Royal London are unable to offer visa sponsorship