Actuary

Job Title: Actuary

Contract Type: Permanent   

Location: Edinburgh, Alderley Edge or London  

Working style: Hybrid 50% home/office based

Closing date: 30th April 2024

We are currently seeking a skilled Actuary to join our Insurance Risk team. This is a newly created permanent role which can be based across any of Royal London's locations.

As an Actuary in the Insurance Risk team, you will play a crucial role in managing risk and ensuring the financial stability of our organisation. You will utilise your strong analytical skills to analyse data, assess risks, and make informed decisions to support the company's overall objectives.

The Insurance Risks team has the following key responsibilities:
• Development of Methodology & Assumptions for use in pricing and valuation of insurance risks.
• Development of Insurance Proposition to retain/create value.
• Delivery of risk management initiatives to optimise return on capital and operating profit.
• Development of End-to-End management process for Insurance Risk.

The purpose of the role will be to assist in the modelling of insurance risks across the group while providing insight and specialist actuarial advice and analysis to senior management.  

This is a unique opportunity to join a dynamic and innovative team in a rapidly growing industry. If you are a proactive and adaptable individual with a passion for numbers and a drive for excellence, we would love to hear from you.

About the role

• Carry out financial analysis using complex actuarial and analytical techniques to support team, department or wider business planning and other activities as required.
• Monitor and check the quality of the financial analysis performed by team members to ensure accuracy and provide feedback.
• Identify and make improvements to areas in processes which have a high level of risk or control failure.
• Challenge and make improvements and efficiencies to data, processes, procedures, and documentation to make them more accurate and/or efficient.
• Seek and use innovative solutions to queries and problems.
• Provide specialist advice and interpretation of data and results to colleagues and senior managers across the department and the wider business.
• Present reports to colleagues and senior managers across the department and the wider business.

About you

• Actuary (FIA or FFA) with relevant professional experience with excellent understanding of the actuarial concepts and techniques required to fulfil the role.
• Highly numerate and excellent problem-solving skills.
• Excellent understanding of life and pensions products including competitors’ products.
• Strong stakeholder management skills.
• Ideally the successful candidate would have experience of modelling insurance risks.

About Royal London

We’re the UK’s largest mutual life, pensions, and investment company, offering protection, long-term savings and asset management products and services.   

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.