Average Actuary salary in City of London

Direct Line Group is one of the top tier motor, home and small business insurers in the UK and home to some of the nation's best-known brands: Direct Line, Churchill, Privilege, Green Flag and NIG. Our mission is to make insurance easier and better value for customers. We have an exciting opportunity to join our Actuarial team as a Principal Analyst, on full-time and permanent basis! Our Actuarial teams deal with risk on a billion pound scale. Bringing together the widest range of skills, tools, and information, they calculate the risk involved in any given policy - and ultimately a potential claim. Market leading techniques. Maximised profitability. Business-wide connection. That’s how we support some of the UK’s most recognisable brands to grow and develop. What you'll be doing: You will be part of our SME Squad and provide actuarial technical expertise, producing analysis and recommendations to managers and internal partners, to support Reserving, Capital Modelling, Forecasting, Monitoring and associated business decision-making. You will also: Plan, manage and deliver tasks and projects, providing insights and recommendations; lead specialised investigations, produce reports and contribute to the delivery of presentations to internal partners. Research and build models for specific tasks for reserving or for other uses, ensuring that these use appropriate techniques and data and are effective, efficient, high quality, documented and verifiable. Carry out reviews of the analysis prepared by Analysts in the SME Squad; propose reasoned and viable outcomes/results to Category managers. Identify areas where improvements may be made; demonstrate awareness of the teams' requirements to improve modelling and data processes. Maintain awareness of, and comply on an ongoing basis, with the requirements of relevant professional/legal/regulatory/risk management frameworks, e.g. Technical Actuarial Standards, IPL, SOX, PRAIS, SII & UK GAAP requirements. What we're looking for: Nearly or newly qualified actuary Reserving and capital modelling experience Programming (SQL, R) reserving and capital software experience is desirable Excellent problem solver who is at ease with independent working Ways of Working Our mixed model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. Our team currently meets twice per week in our brand new London Bridge office. Read our flexible working approach here. Benefits We recognise we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle: 9% employer contributed pension50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown coverAdditional optional Health and Dental insuranceEV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.Generous holidaysBuy as you earn share schemeEmployee discounts and cashbackPlus many more Being yourself Direct Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers. We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognise and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you. #LI-AC1 #LI-Hybrid

Canada Life UK looks after the retirement, investment and protection needs of individuals, families and companies. We help to build better futures for our customers, our intermediaries and our employees by operating as a modern, agile and welcoming organisation. Part of our parent company Great-West Lifeco, Canada Life UK has operated in the United Kingdom since 1903. We have hundreds of respected and supported employees committed to doing the right thing for our customers and colleagues. Canada Life UK is transforming to create a more customer-focused business by providing our customers with expertise on financial and tax planning, offering home finance and annuities propositions, and providing collective fund solutions to third party customers. ? Job Purpose As market risk actuary at Canada Life you will be responsible for leading actuarial and statistical analysis related to market risk, calibrating market risk capital model, developing market risk management framework, advising ALM and hedging strategy. Ensuring that we are managing market risk to the business in line with Canada Life’s risk appetite, complying with our statutory responsibilities and meeting the needs of our policyholders and regulators. Key Accountabilities • Develop and maintain market risk capital model methodology and assumptions. Ensure the methodology complies with regulatory requirements and reflects the risk profile of the business. Ensure the methodology is up-to-date and reflects the emerging best industry practice by participating in industry survey and gaining insight into emerging best practice for market risk modelling. • Own the market risk capital reporting process by maintaining a well-controlled and efficient quarterly reporting process for market risk capital, establishing a robust analysis of change process to explain the movement in capital results.• Ability to communicate complex modelling decisions to senior executives in an appropriate manner to support governance sign-off of annual recalibration and model updates.• Being the main conduit between capital model and business to ensure the market risk is well managed and adequately allowed for in business decision making.• Support the development of market risk management framework on SII and IFRS17 bases. • Support ALM and hedging activities by providing capital related insight (such as market risk MI) for ALM and hedging decision making.• Provide guidance to the system development team and ensure the underlying model is based on signed-off methodology and assumptions.• Manage, coach, develop and motivate junior member of the team to support their development. Desired Knowledge / Experience / Skills Technical Expertise • Strong capital modelling experience in market or credit risk space within life insurance industry.• Experience with using Principle-Component-Analysis technique in modelling market risk.• Practical experience with ALM and hedging for annuities.Communication• Strong communication skills, demonstrating a clear and articulate standard of written and verbal communication in a complex environment, tailored for all levels of management.• Strong ability to adapt messages to the audience, without prompting or significant coaching, in a format that is easily understood by non-technical colleaguesRelationship Building• The ability to develop and maintain strong relationships across the actuarial function and the wider business, acting with integrity and role modelling the company values at all times. • Ability to flex their style and delivery, in the moment, depending on the individual and/or audience.Taking Initiative• Exceptional problem solving skills and attention to detail with demonstrable ability in spotting issues, interdependencies and challenges to ensure work is produced to an accurate, commercial and informed standard.• Self-motivated, well-organised, pragmatic and able to perform tasks independently.Developing Self and Others• Strong skills and experience in managing and motivating a team from a diverse range of professional backgrounds and with varying levels of experience• Strong coaching ability in technical, and non-technical skills in order to support the development of others.• An interested and inquisitive individual who is committed to their own ongoing professional and personal development Qualifications • Fellow of Institute of Actuaries (or equivalent). Benefits of working at Canada Life We believe in recognising and rewarding our people, so we offer a competitive salary and benefits package that’s regularly reviewed. As a Canada Life UK colleague, you’ll receive a competitive salary and comprehensive reward package including a generous pension and bonus scheme, along with, income protection, private medical insurance and life assurance. We have a fantastic number of other benefits and support services as well as regular personal and professional development. How we work at Canada Life Our culture is unique and incredibly important to us. We care about doing the right thing for our people, customers and community and helping others to build better futures. Our blueprint behaviours shape and influence how we work, and are central to the relationships we have with others. Every day we are encouraged to be more curious, own the outcome, face into things together and find a way forward. We want colleagues to have rewarding careers with us so we invest in the development of our people, technology and workplaces. That’s why we offer a range of training, flexible working and opportunities to grow and develop.

***Insurance experience is required*** We are currently working with a market leading Insurance & Reinsurance company to recruit a BI & Transformation Analyst. The successful individual will help drive the evolution of the Finance & Actuarial function into an automated, data-driven department. Responsibilities include standardizing processes, application of new technology and leveraging digitisation and automation opportunities that deliver significant and visible benefits Responsibilities will include but are not limited to; Review existing financial & actuarial processes to identify opportunities for automation and enhancements.Document solutions to mitigate key person risks and ensure solutions are simple and concise.Scope, design, build and test new solutions, utilising the latest tools and best practices to drive the finance & actuarial function transformation journey.Support the transition of new solutions from the development to the production phase, through delivering in-house training and shaping the development of support models.Work in partnership with IT to explore and on-board leading software solutions that enhance how the finance and actuarial function operate.Explore and leverage solutions being used across the group for the implementation.Assist with the development and population of financial models that produce P&L, balance sheet, and cash flow impacts, which support commercial business opportunities. The ideal candidate should have; Full accounting or actuarial qualification.Advanced knowledge of Excel, including VBA and Power Query.Intermediate knowledge of databases, such as SQL and Familiar with data preparation tools.Technical background in either Finance or Actuarial,