Salary for actuary

Average salary

6300 £

Basic salary	2400 £
Maximum Wage	11000 £

2400 £
Lowest

6700 £
Average

11000 £
Highest

actuary - How much money do you make working at this position?

The average salary for the actuary position is 6300 £

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PLATINUM GROUP	14786 £
XPERTISE RECRUITMENT	11000 £
VENN GROUP	10000 £
SANDERSON Based on 2 job offers	8750 £
LUTINE BELL Based on 2 job offers	8500 £
MASSENHOVE RECRUITMENT Based on 2 job offers	8333 £
HAYS SPECIALIST RECRUITMENT 5 2 reviews	8333 £
LORIEN Based on 5 job offers	8055 £
LA FOSSE ASSOCIATES	7916 £
ASHE CONSULTING	7916 £

Salary in companies

PLATINUM GROUP	14786 £	2400 £ 14786 £
XPERTISE RECRUITMENT	11000 £	2400 £ 14786 £
VENN GROUP	10000 £	2400 £ 14786 £
SANDERSON	8750 £	2400 £ 14786 £
LUTINE BELL	8500 £	2400 £ 14786 £
MASSENHOVE RECRUITMENT	8333 £	2400 £ 14786 £
HAYS SPECIALIST RECRUITMENT	8333 £	2400 £ 14786 £
LORIEN	8055 £	2400 £ 14786 £
LA FOSSE ASSOCIATES	7916 £	2400 £ 14786 £
ASHE CONSULTING	7916 £	2400 £ 14786 £

Comment on the job position of actuary

Requirements

relevant: 10 years
senior level insurance industry experience in P&C and life.: 5 years
knowledge of the actuarial techniques involved in non-life insurance, including the requirements of Solvency II and preferably of IFRS17
preferably knowledge of reserving tools including ResQ or similar
experience in non-life insurance work, preferably across a range of work areas
FIA or qualified actuary with good relevant experience
proven track record of delivering and managing actuarial projects
excellent written and verbal communication skills
excellent analytical and critical thinking skills with attention to detail
relevant and transferrable skills and experience in actuarial, financial reporting, solvency and capital modelling, validation and analysis
good leadership and management skills with a drive-for-results mentality, a positive and focused mindset and the ability to multi-task
proactive individual with can-do attitude who can challenge and improve existing processes and methodologies
experience within Pensions Industry
nearly or Newly Qualified Actuary - up to 3 years post qualified experience
qualified, newly qualified or nearly qualified
insurance experience essential
ALM experience essential
qualified Actuary / General Insurance/London Market Actuarial experience
qualified Actuary
experience in actuarial capital modelling would be advantageous but not essential

Responsibility

supporting the Actuarial Services Team in assessing and approving internal capital model applications for setting regulatory capital requirements
supporting the Department in the development and application of statistical and financial analytics
supporting the Licensing and Authorisations Team in relation to insurer applications and authorisation requests
developing industry benchmarks for methodologies and assumptions used to research and develop best practices for analytics
assisting with the ongoing development of the Bermuda supervisory regime, particularly in relation to the Economic Balance Sheet and capital requirement
assisting the Supervisory Teams with onsite inspections and desk-based analysis, particularly as it relates to establishing the appropriateness of insurer reserving practices, solvency self assessments and compliance with applicable legislation, codes and guidance
representing the client at various local/international meetings, conferences, seminars involving information exchanges and meetings with regulatory bodies, government agencies, the International Association of Insurance Supervisors and the financial services industry to help influence the development of international insurance supervisory regimes and to maintain and develop key relationships whilst keeping abreast of industry trends
identify and implement any required improvements or re-development of the actuarial reporting processes, data requirements and methodology, as well as related actuarial reporting metrics and analysis
support Pricing with recommendations of asset mix alternatives and returns , support onboarding of assets
monitor impact of trading and liability changes in quarter
support the Head of ALM in producing regular asset/liability projections, evaluating and recommending new asset classes and providing regular reporting on trading activities
support the Head of ALM and Investments with formulating asset strategy, taking into account relative asset attractions under regulatory regimes and setting guidelines for Investments on trading
assist the team to maintain funding risk date, systems and reporting infrastructure
providing technical expertise to support the development of methodology for credit downgrade risk stress and scenario testing
production of cash flow and pricing models for BPA transactions
strategic direction is to limit usage of Excel and end user computing tools over time
working closely with other teams to support BPA pricing and execution, including reinsurance, asset management, capital management and operations
working with the Senior Deal Lead to navigate complexities and non-standard requests
development of junior members of the team
presenting to internal and external stakeholders on new deal prospects

Current offers for the position

PHOENIX GROUP
Project Actuary

Edinburgh

PLATINUM GROUP
Actuary ? P&C and Life Insurance **Relocation to Bermuda**

London

PHOENIX GROUP
Lead Financial Risk Actuary

Birmingham

PHOENIX GROUP
Lead Financial Risk Actuary

Birmingham

ARTHUR & ARTHUR
Capital Modelling Actuary

London