Average Risk Actuary salary in the UK

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

Actuarial Analyst - Collateral & Reinsurance ManagementLondon£40,000 - £55,000 per annumLeading life insurer seeking a part-qualified pensions actuary to join their Collateral and Reinsurance Management team in London Company client is working with a leading life insurer seeking a part-qualified pensions actuary to join their Collateral and Reinsurance Management team in London.You will focus on managing the arrangements agreed following a Defined Benefit Pension Risk Transfer deal. You will support the Actuarial Manager in providing post-sale monitoring and calculations relating to buy-in/out pricing, reinsurance, longevity insurance and collateral arrangements. You will also assist with the on-boarding of new PRT reinsurance arrangements, including reviewing, and providing comments to draft contracts and models. Role requirements:* Part-qualified actuary making strong progress with the actuarial exams.* Solid knowledge of Defined Benefit Pension schemes.* High attention to detail and a high level of accuracy.This is a fantastic opportunity to join a leading life insurer in the highly sought after area of reinsurance. The size and scale of the business means there is plenty of scope for the successful candidate to move laterally in across the business, as well as progress very quickly within their growing CRIM team. For further details or to discuss how your role compares in the market, please don't hesitate to apply the job online.

We have partnered with a leading Lloyd's syndicate to find them a capital actuary. This is a fantastic opportunity to learn/hone your skills in all aspects of capital modelling from some of the market's best capital actuaries. This role includes but is not limited to: Model building, reinsurance and investment committee exposure.Exposure to the PMAL capital modelling process for internal and regulatory requirements.Deliver high-quality and timely Solvency II and regulatory reporting.Regular interaction with all levels of senior management, underwriters, and actuaries within the business.The chance to offer technical support to the more specific aims of the Actuarial and Risk Functions in areas like reporting, risk, reserving, and pricing. Please apply for further information.