Group Risk Actuary

Welcome to our dynamic and forward-thinking team! We are on the lookout for a nearly or newly qualified Risk Actuary who is ready to dive into the world of financial risk with enthusiasm and a fresh perspective. If you are passionate about numbers, love solving complex problems, and want to make a real impact, this is the perfect opportunity for you!

What You'll Do:

As a newly qualified risk actuary, you will play a crucial role in our team, working closely with experienced professionals to assess and manage financial risks. Your key responsibilities will include:

• Risk Assessment: Analyse and evaluate financial risks using actuarial techniques and models.
• Data Analysis: Dive into large datasets to uncover trends, patterns, and insights that will inform our risk management strategies.
• Reporting: Prepare detailed reports and presentations to communicate your findings and recommendations to stakeholders.
• Collaboration: Work alongside other departments, including Finance, Group Enterprise Risk Management, and Compliance to ensure a holistic approach to risk management.
• Innovation: Bring fresh ideas and innovative solutions to the table, helping us stay ahead in a rapidly changing financial landscape.

The areas covered by the team include:

• Reserving: Oversight of reserving processes to ensure adequate provisions for future claims.
• Capital Management: Support the business with risk and capital assessments for new products, businesses, and propositions.
• Model Validation: Validate actuarial models and expand the function’s remit into wider model validation across the group.
• Stress and Scenario Testing: Lead the department’s contribution to the Own Risk and Solvency Assessment (ORSA), stress and scenario testing, and capital management activities.
• Business Plan and Strategy: Provide support to several areas such as IFRS17, Reinsurance, and the Internal Model Application Process.

What We're Looking For:

We are seeking a candidate who is not only technically proficient but also brings a fun and engaging attitude to the workplace. The ideal candidate will have:

• Qualifications: A nearly or newly qualified actuary with a strong academic background in actuarial science, mathematics, or a related field.
• Technical Knowledge: Strong knowledge of Solvency II regulations.
• Analytical Skills: Exceptional analytical and problem-solving abilities, with a keen eye for detail.
• Communication: Excellent communication skills, both written and verbal, to effectively convey complex information.
• Team Player: A collaborative mindset, ready to work with diverse teams and contribute to a positive work environment.
• Curiosity: A natural curiosity and eagerness to learn, with a passion for staying updated on industry trends and developments.

Why Join Us?

• Exciting Projects: Be part of innovative projects that challenge and inspire you.
• Professional Growth: Access to continuous learning opportunities.
• Supportive Environment: Work in a supportive and inclusive environment where your ideas are valued.
• Work-Life Balance: Enjoy a healthy work-life balance with flexible working arrangements.
• Fun Culture: Join a company and team that strives to make each working day fun and enjoyable.

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.

We’re proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.’’

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