Model Validation Actuary (P&C)

Model Validation Actuary (GI)

• Continue to develop your General Insurance (GI) actuarial career, leading the delivery of model validation for a market-leading Financial Services provider.
• Shape strategy and drive best practice in model risk management.
• Hybrid working on offer – up to 80% of your time working from home, with one day a week at our Head office in Stratford Upon Avon.

About the role

As a Model Validation Actuary (GI) at NFU Mutual, you’ll play a pivotal role in developing and leading our model validation strategy. You will ensure we remain at the forefront of industry best practice and regulatory compliance.

You’ll also enhance and deliver technical processes that support our long-term objective of sustainable, profitable growth.

You’ll be responsible for:

• Shaping and evolving the internal model validation strategy and validation of other critical business models.
• Leading the delivery of model validation to meet regulatory requirements and providing management information to support senior decision-making.
• Acting as a delegate for the Head of Model Risk on all matters related to model validation and model risk.
• Building influential relationships with key stakeholders and industry bodies.
• Driving continuous professional development and sharing expertise through training on the latest model validation techniques and regulatory expectations.
• Delivering short-term projects and activities as required.

About you

You’re a professionally qualified actuary (FIA or FFA) with a strong background in financial services and model validation for GI products. You combine technical expertise with strategic thinking and a pragmatic, commercial approach.

You’ll bring:

• Detailed knowledge of regulatory requirements for internal model approval and governance.
• Experience deploying validation tools and techniques.
• Strong understanding of capital management, reserving methods, and actuarial modelling techniques.
• Excellent communication skills, with the ability to present complex information clearly to senior stakeholders and committees.
• Effective relationship management and stakeholder engagement skills.
• A track record of planning and delivering complex actuarial projects.
• Up-to-date knowledge of model risk management, data science, machine learning, and AI.

You’re decisive, collaborative, and passionate about continuous improvement. You thrive in a dynamic environment and are committed to your own professional development and that of your colleagues.

At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences.

We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.

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 circa £95,000.
• 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.
• Salary sacrifice employee car scheme - subject to eligibility.

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.” 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.