Actuarial Manager (Life Prophet Modelling)

Overview

In this role you will lead the Life Prophet Modelling initiatives, developing, maintaining and enhancing actuarial models to support financial reporting, valuation, capital and pricing. You will work within the Life Prophet Modelling team to ensure models are robust, accurate and fit for purpose, while contributing to the wider evolution of actuarial modelling across the business. You will partner with actuarial, finance, technology and other stakeholders to translate requirements into technical solutions and ensure regulatory compliance. This is a collaborative, impact-driven position at a leading insurer with a strong health and wellbeing mission.

Pay / Benefits

• Bonus schemes
• Pension matching up to 6% of salary (up to 12% total)
• Vitality health insurance
• Life assurance (four times annual salary)

Responsibilities

• Develop, maintain and enhance actuarial models using Prophet Enterprise and Prophet Professional
• Oversee the end-to-end model development lifecycle including testing, governance, deployment and production releases
• Translate business requirements into technical modelling specifications and solutions
• Enhance models to meet regulatory requirements and evolving business needs
• Identify and implement automation and efficiency improvements to actuarial processes and model performance
• Perform model validation and testing to ensure reliability, accuracy and regulatory compliance
• Maintain robust model governance, documentation and change control standards
• Collaborate with actuarial, finance, technology and wider business teams to integrate modelling solutions
• Provide technical leadership and guidance on model development priorities and best practice
• Support internal and external audit activities relating to actuarial modelling and valuations

Key requirements

• Expert knowledge and practical experience of Prophet modelling and development
• In-depth experience of actuarial valuations including IFRS17 and Solvency II
• Experience developing and enhancing actuarial models to support valuation efficiency and new functionality
• Ability to translate complex business requirements into technical model solutions
• Strong understanding of actuarial modelling best practice, governance and controls
• Excellent communication skills with the ability to explain technical concepts to a range of stakeholders
• Experience collaborating effectively across multiple teams and business functions
• Ability to work under pressure within a fast paced and changing environment
• Experience engaging with auditors and external actuarial partners

• Stakeholder collaboration
• Clear communication
• Adaptability under pressure
• Prophet modelling (Prophet Enterprise/Prophet Professional)
• Actuarial valuations (IFRS17, Solvency II)
• Model governance and documentation

…