NFU Mutual logo

NFU Mutual

Share this job:

View all jobs at NFU Mutual

NFU Mutual is hiring a

Senior Actuary (Risk)

Senior Actuary

  • Join an award-winning company - including “Which?” Insurance Brand of the Year 2024 and Gallup’s Exceptional Place to Work 2023
  • Thrive in a supportive and collaborative environment, where your opinion and contributions are valued, and your accomplishments are celebrated
  • Work from home up to 80% of your time to achieve a work/life balance which suits you

About the role

This is an excellent opportunity for a Senior General Insurance Actuary to join NFU Mutual and benefit from developing and leading on the delivery of some of the company’s major actuarial workstreams. The role is key in building NFU Mutual’s expertise to support the development and maintenance of industry best practices in actuarial work whilst also ensuring compliance with both existing and emerging statutory regulations, as well as meeting the demands of internal stakeholders.

As a Senior Actuary within the Actuarial Function team in the Risk Division, you will lead the establishment and delivery of risk-led assurance reviews to ensure our critical business calculations (e.g. pricing, reserving, capital modelling) are accurate, supporting our long-term objective of sustainable, profitable growth.

Your expertise will be crucial in providing an independent expert review, identifying opportunities for improvement, supporting senior management decision-making and compliance with relevant regulations such as Solvency II.

In this role, you will also engage with professional and industry bodies, as required to ensure you and your team are keeping NFU Mutual abreast of industry best practice and regulatory hot topics. Acting as Chief Actuary’s delegate, you will be the technical conduit for third-party suppliers of advice and technical software solutions for actuarial modelling.

Providing assurance over actuarial work and wider risk topics in line with company strategy to the satisfaction of senior management and in line with PRA expectations is another important responsibility. You will also lead, manage, motivate, and develop junior actuarial staff, ensuring they understand expectations, maximising their contribution to business objectives, and helping them realise their full potential.

About you

We are seeking a fully qualified Actuary with significant experience within the general insurance sector to include strong technical knowledge of actuarial techniques for either general insurance pricing, reserving or capital modelling.

With an analytical mindset and a proactive attitude, you will have the ability to design and conduct assurance reviews over capital, reserving and pricing analysis and to write impactful reports to senior stakeholders including risk committees and Board members.

You will be able to solve complex business problems through effectively applying advanced analytical and statistical methods coupled with your knowledge of the latest industry developments in actuarial modelling.

You have a proven ability to think strategically and translate strategy into operational delivery. Additionally, you will be able to evidence the following:

  • The ability to forge and maintain effective stakeholder relationships at all levels
  • Excellent communication skills, allowing you to present complex information effectively to non-technical audiences and to navigate difficult conversations with diplomacy and tact
  • A proven track record of leading, developing and coaching junior team members.

Benefits and Rewards

When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:

  • Salary of up to £90,000 depending on skill set and experience
  • Annual bonus (up to 25% of salary)
  • Contributory pension scheme, up to 20%, including your 8% contribution
  • 28 days annual leave + bank holidays + buy/sell/save holiday trading scheme
  • A Family Friendly policy that helps you balance your work and family responsibilities
  • Private medical insurance + options to add family members
  • Access to savings at High Street brands, travel and supermarkets
  • £20 contribution to a monthly gym membership – subject to T&Cs
  • Health and wellbeing plan – cashback for dentist, opticians, physio and more
  • Employee Volunteering - volunteer in the community for one day each year
  • Unlimited access to Refer a Friend £500 bonus scheme
  • Life Assurance cover of 4 x salary
  • Employee discounts of 15% on a range of NFU Mutual insurance policies.

Working at NFU Mutual

We’re one of the UK’s leading general insurance and financial services companies. For over 110 years we’ve put our customers at the heart of everything we do. Our people are just as important to us. We pride ourselves on being “a great place to work” and we're one of only 60 companies across the globe to receive a Gallup Exceptional Workplace 2024 award, and one of only 2 companies to receive the award for the ninth consecutive year. We were also named in the LinkedIn Top 25 Companies List 2021, the Glassdoor Best Places to Work UK List 2023 and 2024, and were recognised as a certified UK Top Employer by the Top Employers Institute in 2023 and 2024.

We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future.

View all jobs at NFU Mutual