Actuarial Assistant Manager

£42,498 - £55,160
26 Oct 2021
09 Nov 2021
Full Time
Contract Type

Insurance and Wealth offers insurance, investment and wealth management products and services. We support over 10 million customers with assets under administration of £185 billion.

The Group continues to invest significantly in the development of the business, with the aims of capturing the considerable opportunities in pensions and financial planning, whilst meeting more of customers' financial needs and improving their financial resilience throughout their lifetime.

The Actuarial Rectifications Team plays a key role in ensuring that policies are managed in line with the policy provisions, policyholders' expectations and FCA requirements.

Our team works our out of our Edinburgh and Bristol hubs therefore we'll need you to be based a commutable distance from one of these areas. We work in a hybrid model, splitting our time between the office and working from home.


The key purpose of the role is to assist the team with additional actuarial input into a number of important projects including:

  • Analysing different remediation approaches and writing options papers

  • Writing calcs specs

  • Building models in Excel or Access

  • Testing IT models

  • Performing remediation calculations for policies and checking calcs

  • Handling queries relating to the use of the models

  • Determining approaches to non-standard cases.

  • Ensuring TCF issues, cost implications and practical constraints are taken into account when formulating solutions.

  • Reviewing and writing report documents relating to the project


Key competencies, knowledge & skills we're looking for are:

  • Partly-qualified or qualified Actuary

  • Strong technical ability in analysing problems, determining solutions and specifying calculations

  • Pensions and life assurance product knowledge preferred but not essential

  • Previous high profile company-wide project experience preferred

  • Effective written and verbal communication skills

  • Effective influencing skills

  • Strong Excel skills

  • Attention to detail


So what can we offer you in return?


In line with our strategy to be the Best Bank for Colleagues, we encourage a culture of professional development. You'll have numerous opportunities to stretch and develop beyond core role responsibilities. In addition, recognition for colleague contribution and performance is an extremely meaningful element of our colleague charter. You'll be rewarded with excellent benefits, personal development and a career that's enriching and full of opportunity!


As well as a competitive salary, you'll receive:
* A Discretionary Performance Share Award
* Generous pension contribution
* 28 Days leave plus bank holidays
* A flexible cash pot (4% of base salary) to spend on benefits
* Private health cover
* Share Schemes


In return for your expertise, we'll help you perform at your best today, so you can fulfil all your potential in the future.

We're an equal opportunity employer and deeply value diversity within our organisation. We'll ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.


Together we make it possible.


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