Actuarial Manager – Life Consulting

Job Description

Job title: Actuarial Manager – Life Consulting

Company: BDO

Job description: Ideas | People | Trust

We’re BDO. An accountancy and business advisory firm, providing the advice and solutions entrepreneurial organisations need to navigate today’s changing world.

We work with the companies that are Britain’s economic engine – ambitious, entrepreneurially-spirited and high‑growth businesses that fuel the economy – and directly advise the owners and management teams that lead them.

We’ll broaden your horizons

Our Advisory team provide a wide variety of services that deliver value-led advice and outcomes. They have an in-depth knowledge of business, industry sectors and markets and understand the constantly changing risks and opportunities at the heart of affairs. The team work across strategy, operations and improvement as well as at a transactional and defined project level. From technology to risk advisory, they’re experts in following through on top-level instructions and resolving the finer details – all in one straight-forward package. When you join them, you’ll work on some of the world’s most exciting financial operations and business deals, building your experience and expertise alongside the brightest minds in the industry

We’ll help you succeed

Leading organisations trust us because of the quality of our advice. That quality grows from a thorough understanding of their business, and that understanding comes from working closely with them and building long-lasting relationships.

You’ll be someone who is both comfortable working proactively and managing your own tasks, as well as confident collaborating with others and communicating regularly with senior managers, directors, and BDO’s partners to help businesses effectively. You’ll be encouraged to identify and draw attention to opportunities for enhancing our delivery and providing additional services to organisations we work with.

The Actuarial team, based in the Baker Street office, forms part of BDO’s Financial Services business unit, and provides advice on a wide range of actuarial issues. Its work includes assurance services, reserve reviews, capital calculations, Solvency II actuarial function duties and reporting, IFRS 17 transition, M&A due diligence reviews, section 166 skilled person reviews, as well as external and internal audit support, corporate governance and risk advisory. Clients include Life Insurers, Closed-book consolidators, Bancassurers, Wealth and Asset Managers, Reinsurers, Private Equity and SWF investors in life companies, across the UK and other parts of the global marketplace. (We also serve London Market underwriters, Syndicates at Lloyd’s, P&I clubs, captive insurers, and MGAs on the GI side.)

As a Life Manager you’ll be joining a newly formed Life team expanding on BDO Actuarial team capacity. It’s an exciting time as the team grow out the Life offering.

You’ll support the existing team in offering a range of actuarial services and tools to a portfolio of clients within the insurance industry. This is expected to primarily include reserving and Solvency II work, but may also a range of other services including risk modelling, risk management, ALM, ESG, IFRS 17, data science and analytics.

You’ll be someone who is

Qualified life actuary with significant experience.

Strong technical actuarial knowledge.

Some experience of at least two of the following in life insurance: reserving for accounting purposes; Solvency II Technical Provisions; Solvency II Standard Formula; Capital Modelling; Enterprise Risk Management; ALM. Experience of IFRS 17 would also be beneficial.

A willingness to get involved in new areas, including an interest in Data Science.

High standard of IT literacy, including a strong working-knowledge of MS Excel and a willingness to learn additional applications (eg Access, SQL, R).

IT literate to a high standard, including an expert knowledge of MS Excel

Able to demonstrate UK regulatory and Insurance experience is essential

A People manager with proven skills of managing delivery and the development of teams would be an advantage

Able to demonstrate a strong commercial awareness and approach to risk

You’ll be able to be yourself; we’ll recognise and value you for who you are and celebrate and reward your contributions to the business. We’re committed to agile working, and we offer everyone the opportunity to work in ways that suit them, their teams, and the task in hand.

At BDO, we’ll help you achieve your personal goals and career ambitions, and we have programmes, resources, and frameworks that provide clarity and structure around career development.

We’re in it together

Mutual support and respect is one of BDO’s core values and we’re proud of our distinctive, people-centred culture. From informal success conversations to formal mentoring and coaching, we’ll support you at every stage in your career, whatever your personal and professional needs.

We know that collaboration is the key to creating value for those we work with and satisfying experiences at work, so we’ve invested in state-of-the-art collaboration spaces in our offices. BDO’s people represent a wealth of knowledge and expertise, and we’ll encourage you to build your network, work alongside others, and share your skills and experiences. With a range of multidisciplinary events and dedicated resources, you’ll never stop learning at BDO.

We’re looking forward to the future

At BDO, we help entrepreneurial businesses to succeed, fuelling the UK economy.

Our success is powered by our people, which is why we’re always finding new ways to invest in them. Across 17 UK locations, we are 6,500 unique minds coming together to help our clients reach their ambitions.

We’ve got a clear purpose, and we’re confident in our future, because we’re adapting and evolving to build on our strengths, ensuring we continue to find the right combination of global reach, integrity and expertise. We shape the future together with openness and clarity, because we believe in empowering people to think creatively about how we can do things better.

Expected salary:

Location: London

Job date: Wed, 10 Jan 2024 08:53:02 GMT

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