Senior Actuarial Analyst


Our client is looking to hire a Senior Actuarial Analyst to join their team in various offices around the UK.

Ref: 48603

  • Location: UK
  • Category: Interim
  • Type: Permanent
  • Pay Range: Up to £35k


Key Responsibilities:

Actuarial Division Responsibilities:

  • Prepare actuarial reports, with high quality and timely analysis
  • Ensure work meets the audit standard and complies with EIOPA, PRA regulatory requirements and the Technical Actuarial Standards (TAS) for all Data, Models and Reports
  • Calculate Regulatory and other reporting results as required

Capital Reporting Accountabilities:

  • Contribute to the delivery of SII Standard Formula (SF) Solvency Capital Requirement (SCR), Risk Margin (RM) and Minimum Capital Requirement (MCR)
  • Assist with results checking associated with the SF results and provision of analytical data and materials to the production analysis and review team
  • Assist in monthly production of MA Calculation for MA1 and MA 2 and provide analysis team with inputs to Compliance Report
  • Setting the appropriate stress assumptions for use by the modelling team to get the correct stressed liabilities to feed into the SCR
  • Analysing results, including checking of movements in capital over the valuation period, analysing of diversified and undiversified risk capital, reconciliation of the model, and application of adjustments
  • Working closely with colleagues in Finance to assist in producing the Solvency II regulatory reporting (Quantitative Reporting Templates (QRT))

Risk Accountabilities:

  • Ensuring all processes, governance and controls are correctly followed, evidenced and documented for Solvency II compliance and audit purposes
  • To ensure that work is compliant with relevant guidance and Actuarial Technical Standards
  • Escalate risks and issues to line management in a timely manner and assist with implementation of solution where appropriate
  • Use technical expertise to challenge and understand results

Other Responsibilities:

  • Conduct & Fair Customer Outcome responsibilities – Putting customers’ interests at the heart of how they conduct business. Demonstrated through your individual behaviours with a clear focus on treating their customers fairly and delivering the right outcomes at all stages throughout the product lifecycle
  • RAGL Culture – Ensure you positively demonstrate and evidence the RAGL Values and Leadership/Personal imperatives supporting the delivery of fair customer outcomes
  • To assist with the production of accurate and timely Solvency Capital Requirement (SCR) numbers using the Standard Formula (SF) under the Solvency II regulations
  • To ensure effective operation of the SII SF Models, Matching Adjustment (MA) models and Asset Stressing Tools for capital production purposes, which will also include supporting ORSA, Group Stress testing and other risk management reporting
  • To assist with the analysis and reviewing of SCR, Matching Adjustment and Risk Margin calculation
  • To ensure the sound management of this business with respect to regulatory, conduct and internal governance requirements
  • To provide high quality analysis, and actuarial judgement to the business

Other Skills:

  • Advanced skills in MS Word, Outlook and Excel
  • Solid mathematical aptitude
  • Ability to think analytically and be a problem solver
  • Ability to prioritise and meet deadlines
  • Ability to explain complex concepts in well structured, plain English
  • Proven ability to take ownership of tasks


Key Interfaces/Relationships:


  • Capital Actuary
  • Production Team
  • Reporting Analysis Actuary
  • Other SM within Actuarial function
  • Risk Management/GIA
  • Investment Actuary


  • External auditors

Qualifications required:

  • Nearly Qualified Actuary
  • Educated to degree standard

Experience required:

  • 3 years’ life and pensions experience
  • Knowledge of Life Insurance products
  • UK regulatory environment
  • Prudential regulation applicable to UK, including European regulation
  • Working towards actuarial qualification


Robert Gibson

Director of Interim

T: +44 (0)203 867 9858

Email me


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