Actuarial Consultant
This is a Permanent, Full Time vacancy that will close in {x} days at {xx:xx} BST.
The vacancy
Role Purpose
The Actuarial Consultant role will include a wide variety of actuarial assignments within the general insurance market. Duties include engaging in client relationships from day one and supporting the growth of the business through client-based assignments, project work, the provision of actuarial function activities and the development of actuarial models.
The General Insurance Actuarial team provides consulting services across the market. Clients will include Personal Lines insurers, Specialist insurers, Lloyds and London Market insurers. All roles will include the opportunity to develop experience in the full range of actuarial techniques, pricing, reserving, capital modelling and risk management.
The list below sets out the tasks/responsibilities involved in the Actuarial Consultant role.
Key Accountabilities
The responsibilities of the actuarial work covered by this position will include, but is not limited to:
- Support the Head of London Markets or Head of Personal Lines on project management and project delivery.
- Take ownership of assigned project deliverables and other responsibilities.
- Communicate directly with clients on technical / actuarial matters to ensure objectives are achieved.
- Support actuarial project work including developing calculations, preparing reports, presentations, coding and model development, dashboard development and various other deliverables.
- Lead more junior members of the team to develop calculations, prepare reports, presentations and other deliverables.
- Participate in and support internal projects including software development, research and intellectual property development.
- Balance multiple projects simultaneously.
- Support the senior members of the team on marketing and new client development activities.
- Support with proposals and responding to Requests For Proposals.
- Contribute to team learning and knowledge sharing activities.
- Potential line management responsibility.
Technical Knowledge and Professional Qualifications
- Qualified or nearly qualified with good exam track record.
- 2+ years’ actuarial experience.
- Technically strong and good communicator.
- Experience working in at least one of the following areas: reserving, capital modelling, pricing, exposure management, reinsurance analysis and risk management.
- Coding experience with either Python, R or VBA beneficial.
- Model development or process development experience using specialist actuarial packages (e.g. Igloo, Tyche, ResQ, Psicle) also beneficial.
- London Market Specific Requirements:
- Lloyd’s market experience whether via in-house, consultancy, or regulator.
- Familiar with Lloyd’s guidelines on technical provisions, capital modelling, validation, RIO guidelines relevant to reserving, capital, risk and validation.
- Working knowledge of key Lloyd’s Core Market Returns is beneficial, especially LCR, SBF, QMR, TPD and SII.
- Can demonstrate an understanding of the Lloyd’s reporting bases.
- Personal Lines / Specialist Insurers Additional requirements:
- Can demonstrate an understanding of the Solvency II/UK or IFRS 17 reporting bases.
- Experience of working within a Solvency II Actuarial Function (preferrable).
- Experience of working within the MGA market (preferrable).
Key Skills
- Strong communication skills, both oral and written.
- Curious, enjoys intellectual challenges and actively seeks opportunities for growth.
- Attentive to detail and committed to ensuring high quality of work.
- Flexible, adaptable and comfortable with a steep learning curve.
- Open to learning and working on projects outside of the candidates’ previous experience or require the development of new skills.
- Motivated and self-starting, takes ownership of responsibilities.
- Strong time management skills.
- Supportive and willing to develop more junior members of the team.
- Seeks out feedback and opportunities to improve.
Overarching Obligations
- Adhere to all relevant laws & regulations, and Broadstone Policies & Procedures.
- Achieve a good standard of ethical behaviour, i.e. do the right thing at all times.
- Comply with all relevant professional standards.
- Comply with the FCA’s requirements in relation to the Senior Managers & Certification Regime, Treating Customers Fairly and the new Consumer Duty.
The company
The Broadstone Group is a leading, independent provider of specialist pensions, trustee, and employee benefits solutions to small to medium enterprises and large corporates.
At the heart of our business is a diverse team of specialist advisers, each with a unique knowledge base within their specific area. Our company structure and systems, finely-tuned over the years, enable our advisers to remain intricately linked to provide clients with coordinated, end-to-end solutions whenever required. This ethos is one that continually upholds good practice, encourages proactivity, and ultimately benefits our client’s bottom line.
Broadstone is a Living Wage Employer
We have been accredited as a Living Wage Employer. This means that we have made a living wage commitment to ensure that everyone working at Broadstone will receive at least a minimum hourly wage. Both rates are significantly higher than the government minimum for over 23s.
Our values
Client First
Outcome Driven
Collectively Confident
Forward Thinking
The benefits
We are proud of the total reward package that we offer to our employees. Our flexible benefits approach gives individuals the power to select the package that best suits their needs.
- Competitive salary
- 25 days holiday, plus bank holidays (with the option to buy more)
- Generous pension scheme
- Fully supported Study Programme
- Health cash plan (level 1)
- Life Assurance
- Group Income Protection
- Eye tests
- Social events
- Community volunteering days
- Employee Assistance Programme
- Health club discounts
- Give as you earn scheme*
- Personal Accident insurance*
- Travel insurance*
- Health Assessments*
- Dental insurance*
- Cycle to work scheme*
- Tech scheme*
- Critical illness*
- Cancer checks*
- The Green Car Scheme*
- Discounts on entertainment, cars, insurance, and much more
* Additional benefits which can be purchased by the employee.
Diversity & Inclusion
Diversity and inclusion is at the forefront of both our HR and wider business agenda. We’re an equal opportunity employer, which means we’ll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and their passion for delivering excellence. We’re committed to creating an inclusive environment for all employees.
Please contact us if you need any adjustments or changes made to help you find and apply for jobs with us.
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