We are seeking a highly motivated and analytical Actuarial Assistant to support our client's Life Insurance team. This is an exciting opportunity to contribute to the core actuarial functions of a leading life insurance provider. The successful candidate will play a key role in supporting pricing, reserving, and modelling activities, while also gaining exposure to financial reporting and risk management within the life insurance sector.
The ideal applicant will have strong mathematical abilities, a detail-oriented mindset, and a passion for problem-solving. You will work closely with experienced actuaries and contribute to the development and refinement of actuarial models and tools, ensuring data accuracy and compliance with industry regulations. This role also offers opportunities for progression through professional development and actuarial exam support.
Key Responsibilities
- Assist with the production of actuarial calculations related to life insurance products, including pricing and reserving.
- Support financial reporting processes, including preparation of statutory and regulatory submissions.
- Contribute to the development and validation of actuarial models and tools.
- Analyse experience data and perform detailed analysis of assumptions used in pricing and valuation.
- Support risk management processes and contribute to the development of internal control frameworks.
- Prepare documentation and reports to clearly communicate findings to actuarial and non-actuarial stakeholders.
- Collaborate with teams across the business to provide actuarial insight into broader company strategy and initiatives.
Requirements
- Strong academic background in Mathematics, Statistics, Actuarial Science, or a related discipline (minimum 2:1 degree or equivalent).
- Progress towards actuarial qualification through the Institute and Faculty of Actuaries (IFoA) or equivalent international body.
- Excellent numerical and analytical skills, with proficiency in Excel and actuarial software such as R, Python, or Prophet.
- Strong communication skills with the ability to explain technical concepts to non-technical audiences.
- Experience or knowledge of life insurance products, regulations, and valuation techniques is highly desirable.
- Well-organised with the ability to manage multiple tasks and meet tight deadlines.
- Self-motivated and enthusiastic about developing a career in actuarial science within the life insurance industry.
This role provides an excellent foundation for someone looking to grow and develop within the life insurance actuarial profession, offering a challenging but rewarding environment with the support to advance your career and qualifications.
