Chicago IL

London

Part Qualified

Associate

Qualified

Senior Actuary

Life

Health

Property & Casualty

Reserving

Reporting

Risk

Systems

Python

Modelling

Coding

Pricing

Tyche

Capital

Consulting

Excel

ReMetrica

Igloo

Senior Actuarial Consultant – Capital Modeling, P&C InsuranceDo you want to address the capital modeling challenges faced by insurers?Do you want to work as part of a team developing cutting-edge systems for the insurance and reinsurance market?This is a fantastic opportunity for an experienced insurance practitioner to join a collaborative, friendly, dynamic working environment, with the chance to work with high-profile clients.It is a hybrid role that can offer flexibility to work both virtually and from our Chicago office.What the day will look likeWe are looking for a highly motivated individual to join our Risk and Capital Modeling Technology team, which delivers high-quality solutions and projects to support our colleagues and clients.As a key member of our team, you will play a vital role in meeting the expectations of our clients and enhancing Aon’s Capital Modelling Solution Suite, focusing predominantly on the Tyche Capital Model (‘TCM’) and ReMetrica tools.The successful candidate will have strong technical skills, enjoy product development/coding, and work with both clients and team members on bespoke model builds.In addition, they would possess exceptional communication skills and have a capital modeling background.Day-to-day activities will include:<ul><li>Model development:</li></ul>Working in a multi-disciplinary team to design, implement, and review capital modeling solutions for (re)insurers.Leading the development work on new initiatives, including project planning/governance and performing coding tasks as required.Staying up to date on all development work and new software features.<ul><li>Client delivery and prospecting support:</li></ul>Liaising with clients to gather business requirements on bespoke model builds and perform development tasks as the technical leader.Assisting in onboarding new clients and implementation projects, working with the US P&C Actuarial Consulting team and the Platform Delivery team.Delivering demos of Tyche and TCM to prospects and existing clients.Supporting prospecting of new opportunities through trials.<ul><li>Team-centric outlook:</li></ul>Collaborating with other team members, including those in the London office.Supporting and training users of our systems.Communicating (written and verbal) with internal key stakeholders and clients.Required Qualifications<ul><li>5+ years of experience in the P&C Insurance sector in an actuarial role.</li><li>2+ years of experience in the P&C Insurance sector in a risk and/or capital modeling role.</li><li>2+ years of experience in coding (Python, SQL desirable) and developing modeling solutions.</li><li>Technical knowledge of capital modeling techniques.</li></ul>Education: Bachelor’s degree in Actuarial Science, Mathematics, Statistics, a related field, or equivalent years of industry experience.Skills and experience that will lead to success<ul><li>Knowledge of rating agency and/or regulatory capital modeling framework(s).</li><li>Knowledge of stochastic financial modeling software.</li><li>Knowledge of Tyche would be advantageous.</li><li>Experience leading and managing development projects and/or teams.</li></ul>How we support our colleaguesAon offers a comprehensive package of benefits for full-time and regular part-time colleagues, including a 401(k) savings plan with employer contributions; an employee stock purchase plan; medical, dental and vision insurance; paid time off, including 12 paid holidays throughout the calendar year; and short-term disability.In addition to our comprehensive benefits package, we encourage a diverse workforce. Our agile, inclusive environment allows you to manage your wellbeing and work/life balance.We provide individuals with disabilities reasonable accommodations to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment in accordance with applicable law.Aon values an innovative, diverse workplace where all colleagues feel empowered to be their authentic selves. Aon is proud to be an equal opportunity workplace.Pay Transparency Laws:The salary range for this position is $125,000 to $150,000 annually. The actual salary will vary based on the applicant’s education, experience, skills, and abilities, as well as internal equity and alignment with market data.This position is eligible to participate in one of Aon’s annual incentive plans to receive an annual discretionary bonus in addition to base salary.

Hybrid working with 3-4 days per week working from homeSalary circa £50K per annum dependent upon experienceWe consider all types of flexibility, including locations, hours and working patterns.We make health happen:Our Actuarial teams play a key role in helping us deliver on our strategy. Whether your focus is pricing, reserving, modelling or another area, we believe in allowing our colleagues to work in a way that suits them.Your input will support Bupa to deliver on our purpose, helping people live longer, healthier, happier lives.We are looking for a Capital Modelling Actuarial Analyst to join our Group Actuarial team.How you’ll help us make health happen:As an experienced actuarial analyst, you will gain experience of the wider aspects of health insurance and provision business beyond the UK.You’ll draw on your analytical skills to support the Senior Capital Actuary to deliver key Group Finance &amp; Governance outcomes:<ul><li>Efficient, consistent and compliant actuarial capital modelling processes are in place and embedded throughout Bupa globally.</li><li>Bupa’s Board and Executive are provided with actuarial analysis and insight to support business steering and transaction assessment.</li><li>Bupa has appropriate actuarial capabilities to achieve Bupa’s purpose.</li></ul>This is a broad role in which you will collaborate with many other teams across Bupa’s global businesses and enjoy significant exposure to our senior leadership.As a Capital Modelling Actuarial Analyst, you will support the actuarial work to meet the following objectives:<ul><li>Improvement of delivery of Bupa’s Economic Capital Assessment (ECA), with particular emphasis on the calculation and analysis of economic capital, risk calibrations, stress and scenario testing and the assessment of capital risk appetite.</li><li>Deliver the Economic Capital Assessment for reports to the Executive, Board and Bupa’s regulators.</li><li>Support the implementation of initiatives to improve the economic capital modelling capabilities of Bupa and to ensure regulatory compliance.</li><li>Support the implementation of initiatives to accelerate revenue growth and optimise Bupa’s risk profile.</li><li>Be familiar with capital adequacy regulations to ensure Bupa complies with all relevant regulatory requirements.</li><li>Produce an environment of continuous improvement to ensure that all actuarial work is conducted to the highest possible standard.</li><li>Continually engage with the actuarial community across the group to enable efficient development, communication and sharing of knowledge.</li></ul>Additional experiences and skills we are looking for:<ul><li>Part-qualified Actuary (4-7 exam passes IFOA) with experience in general insurance, life &amp; health insurance, or consultancy.</li><li>Significant modelling and regulatory reporting experience, and strong understanding of Solvency II regulations.</li><li>Excellent knowledge of Excel, Word and PowerPoint; proficiency in coding using Python and/or R is desirable but not essential.</li><li>Aon ReMetrica, Tyche or Igloo modelling knowledge is an advantage but not essential.</li><li>Excellent written and oral communication skills, including experience in the preparation of presentations and papers for Executives and Boards.</li><li>Good understanding of financial controls, validation and importance of data integrity.</li><li>Strong focus on detail and accuracy.</li><li>Proactive mindset and ability to work independently.</li><li>Strong ability to manage and prioritise day-to-day activities as delegated.</li><li>Ability to coach junior members of the team.</li><li>Ability to adapt to changing and ambiguous situations whilst delivering high quality results.</li></ul>BenefitsOur benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health.Joining Bupa in this role you will receive the following benefits and more:<ul><li>25 days holiday, increasing through length of service, with option to buy or sell.</li><li>Bupa health insurance as a benefit in kind.</li><li>An enhanced pension plan and life insurance.</li><li>Annual performance-based bonus.</li><li>Onsite gyms or local discounts where no onsite gym available.</li><li>Various other benefits and online discounts.</li></ul>Why Bupa?We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives.We encourage all of our people to “Be you at Bupa”, we champion diversity, and we understand the importance of our people representing the communities and customers we serve.Bupa is a Level 2 Disability Confident Employer. This means we aim to offer an interview/assessment to every disabled applicant who meets the minimum criteria for the role.

Location: Angel Court, London / Hybrid working with 1-2 days per week in London officeSalary: £70,000 base, 10% bonus, Pension, Private Medical InsuranceWe’re a leading health insurer and healthcare provider, with care homes, health centres, dental practices and a hospital. With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers. Your input will support Bupa to deliver on our purpose, helping people live longer, healthier, happier lives.Bupa has 43 million customers globally and revenue in 2022 was circa £14 billion. Passionate about sustainability, Bupa’s ambition is to be net-zero by 2040.We are looking for a nearly or newly qualified Capital Actuary to join our Group Actuarial team at Bupa’s London office. This is a broad role in which you will enjoy significant exposure to our senior leadership teams at Bupa – including our Chief Actuaries and Finance Directors. Further, you will build strong relationships with our global business areas.Responsibilities:<ul><li>Plan and deliver the annual capital assessment including developing and maintaining the Economic Capital Model for Bupa Group and Bupa Insurance entity, with particular emphasis on the methodology, risk calibration, dependency/aggregation, validation and analysis of economic capital requirements.</li><li>Assist the modelling and risk calibrations update process, maintain the model documentations and prepare reports of the modelled results in line with Bupa Enterprise Risk Policies and Standards.</li><li>Prepare the analysis and associated investigations to risk calibration models, participate in workshop discussions with key stakeholders in both insurance and healthcare provision businesses.</li><li>Implement modelling changes to the Capital Modelling platform (Aon ReMetrica) and ensure the underlying change processes are properly controlled, documented and reliably produce required outputs.</li><li>Support the development and embedding of Economic Capital models across Bupa, enabling the capital models to be used as a tool to support business decisions including risk appetite review, investment strategy, capital allocation, capital optimisation and business scenario analyses.</li><li>Analyse capital adequacy regulations to ensure Bupa complies with all relevant regulatory requirements; drive continuous improvement in capital models, data transformation, methods and assumptions, process and controls</li><li>Prepare the capital requirements reporting content for reports to the Executive, Board and Bupa's regulators e.g. ORSA, SFCR</li><li>Develop business solutions to challenges and opportunities that arise</li></ul>Requirements:<ul><li>Newly / nearly qualified Actuary (e.g. IFoA)</li><li>General, Health or Life Insurance background</li><li>Previous exposure to capital modelling techniques and reporting</li><li>Aon Re-Metrica or Aon Tyche software knowledge is an advantage, but not essential</li><li>Gravitas to engage with Executive leaders at Bupa</li><li>Proactive mindset, ability to work independently</li><li>Ambition and drive!</li></ul>Benefits at BupaOur benefits are driven by what matters to our people. It’s important to us that these benefits support a work-life balance that keeps people healthy, both mentally and physically. Benefits include:<ul><li>25 days holiday, increasing through length of service, with option to buy or sell</li><li>Bupa health insurance as a benefit in kind</li><li>An enhanced pension plan &amp; life insurance</li><li>Annual performance-based bonus</li><li>Various other benefits and online discounts</li></ul>Diversity and InclusionHere you’ll be welcomed. We champion diversity and we understand the importance of our people representing the communities and customers we serve. You’ll find an inclusive environment where you can be yourself and where everyone is driven by the same purpose – helping people live longer, healthier, happier lives.Bupa is committed to making sure that every applicant is assessed solely on personal merit and qualifications. We actively celebrate the diversity of our colleagues and provide an inclusive environment so you can bring your true self to Bupa. We’ll make sure you are treated fairly regardless of disability or circumstance. That’s why we’re happy to offer reasonable adjustments as part of our recruitment process to anyone that needs them.

Salary: £44K - £50K per annum + fantastic benefitsAbout BupaAt Bupa, we champion diversity and understand the importance of our people representing the communities and customers we serve. We provide an inclusive environment where you can be yourself and where everyone is driven by the same purpose – helping people live longer, healthier, happier lives and making a better world.We always go the extra mile by giving our customers fast access to treatment and helping them get the specialist support they need. Expect solid benefits and opportunities to grow.About The TeamThe Actuarial team shapes the future of our company. With colleagues covering pricing, reserving, modelling, and much more, they help future-proof our business, all the while keeping our customers at the heart of every decision.An exciting development opportunity has arisen where you will provide technical actuarial support for a variety of projects including analytics that support critical business decisions. We're looking for an actuarial analyst from any background (GI/Life/Pensions) who's curious, likes modeling and problem-solving.Responsibilities:<ul><li>Deliver Standard Formula SCR in accordance with Bupa timetables (Quarterly &amp; Annual) for Bupa Group and relevant solo entities; provide all relevant detailed commentary required for reporting</li><li>Perform analysis and associated investigations to deliver the annual Economic Capital Assessment (ECA) for Bupa Group &amp; relevant solo entities</li><li>Deliver ICS capital requirements calculations and associated commentary annually in line with IAIS Technical Specifications;</li><li>Carrying out analysis and investigations of an actuarial nature, covering topics such as changing risk mix, impact of inflation, customer behavior, forecasting and development of financial scenarios.</li><li>In all of this work there will be a clear focus on treating customers fairly and ensuring good outcomes for them by ensuring that business risk is well understood and communicated to decision-makers.</li></ul>A typical day will involve extracting, refining and enriching data, building and running models using advanced analytical techniques, interpreting results and providing insight and recommendations. Work will be documented in line with the Technical Actuarial Standards and you'll contribute to the drafting of reports and presentations for consumption by senior stakeholders.You will work closely with colleagues in other teams such as Finance, Actuarial Pricing, Reserving, Clinical Policy and Healthcare Analytics on a range of projects and initiatives.Requirements:<ul><li>Actuarial student (IFoA or SoA), ideally making good progress with exams</li><li>Strong modeling experience</li><li>ReMetrica software knowledge – advantage, but not essential</li><li>Previous exposure to or interest in capital modeling techniques and reporting including risk calibrations for economic capital or partial/full internal model under Solvency 2</li><li>Proactive mindset, ability to work independently</li><li>A passion for learning, self-development, and problem-solving is vital.</li></ul>Why Bupa?We are a health insurer and provider. With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers.Our benefits are driven by what matters to our people. It’s important to us that these benefits support a work-life balance that keeps people healthy, both mentally and physically. You will be eligible for:<ul><li>25 days holiday, increasing through length of service, with option to buy or sell</li><li>Bupa health insurance as a benefit in kind</li><li>An enhanced pension plan and life insurance</li><li>Annual performance-based bonus</li><li>Onsite gyms or local discounts where no onsite gym available</li><li>Various other benefits and online discounts</li></ul>Diversity and InclusionBupa is committed to making sure that every applicant is assessed solely on personal merit and qualifications. We actively celebrate the diversity of our colleagues and provide an inclusive environment so you can bring your true self to Bupa. We’ll make sure you are treated fairly. That’s why we’re happy to offer reasonable adjustments as part of our recruitment process to anyone that needs them.Welcome to a place that celebrates you. This is what we have belief in.

<ul><li>£70,000 base, 10% bonus, Pension, Private Medical Insurance</li><li>UK / Hybrid (1-2 days in London office)</li></ul>The Capital Actuary is a key role in a niche Group Actuary team at Bupa’s London office. This is a broad role in which you will enjoy significant exposure to senior leaders at Bupa – including our Chief Actuary and Finance Directors. Further, you will build strong relationships with our global teams.About BupaWe’re a leading health insurer and healthcare provider, with care homes, health centres, dental practices and a hospital. With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers. Your input will support Bupa to deliver on our purpose, helping people live longer, healthier, happier lives.Bupa has 43 million customers globally and revenue in 2022 was circa £14 billion. Passionate about sustainability, Bupa’s ambition is to be net-zero by 2040.What you'll be doing…<ul><li>Support the development and embedding of Economic Capital models across Bupa, enabling the capital models to be used as a tool to support business decisions and initiatives to optimise Bupa’s risk profile</li><li>Assist the modelling and risk calibrations update process</li><li>Prepare the analysis and associated investigations to risk calibration models</li><li>Implement modelling changes to the Capital Modelling platform (Aon ReMetrica)</li><li>Prepare the capital requirements reporting content for reports to the Executive, Board and Bupa's regulators</li><li>Develop business solutions to challenges and opportunities that arise</li><li>Partner with Bupa’s global finance / actuarial teams (UK / Europe / Asia Pacific / South America)</li><li>Support the Actuarial Director in this broad role, operating in a high calibre niche team</li></ul>Who we’re looking for?<ul><li>Newly / nearly qualified Actuary (e.g. IFoA)</li><li>General, Health or Life Insurance background</li><li>Previous exposure to capital modelling techniques and reporting including risk calibrations for economic capital</li><li>Gravitas to engage with Executive leaders at Bupa</li><li>Proactive mindset, ability to work independently</li><li>Ambition and drive!</li></ul>Benefits at BupaOur benefits are driven by what matters to our people. It’s important to us that these benefits support a work-life balance that keeps people healthy, both mentally and physically. Benefits include:<ul><li>25 days holiday, increasing through length of service, with option to buy or sell</li><li>Bupa health insurance as a benefit in kind</li><li>An enhanced pension plan &amp; life insurance</li><li>Annual performance-based bonus</li><li>Various other benefits and online discounts</li></ul>Diversity and InclusionHere you’ll be welcomed. We champion diversity and we understand the importance of our people representing the communities and customers we serve. You’ll find an inclusive environment where you can be yourself and where everyone is driven by the same purpose – helping people live longer, healthier, happier lives.Bupa is committed to making sure that every applicant is assessed solely on personal merit and qualifications. We actively celebrate the diversity of our colleagues and provide an inclusive environment so you can bring your true self to Bupa. We’ll make sure you are treated fairly regardless of disability or circumstance. That’s why we’re happy to offer reasonable adjustments as part of our recruitment process to anyone that needs them.

<ul><li>Up to £85K + fantastic benefits including 10% Bonus Dependent upon experience</li><li>Flexible / Hybrid working options up to 4 days per week from home</li><li>Full time 35 hours per week</li></ul>Here you’ll be welcomed. We champion diversity and we understand the importance of our people representing the communities and customers we serve. You’ll find an inclusive environment where you can be yourself and where everyone is driven by the same purpose – helping people live longer, healthier, happier lives and making a better world.Bupa’s purpose is to help people live longer, healthier, happier lives and making a batter world, our Actuarial teams play a key role in helping us deliver on our purpose. In 2019 we appointed a new Chief Actuary, under their leadership we’ve expanded our team and invested in our colleagues, delivering great results for our business.We believe our Actuarial team shapes the future of our company. With colleagues covering pricing, reserving, modelling and much more they help future proof our business, all the while keeping our customers at the heart of every decision.Role OverviewThe Capital Actuary will provide support to deliver the ongoing development of the Economic Capital Model for Bupa Group and Bupa Insurance entity. You directly support the Head of Capital Model Development and work closely with multiple stakeholders. In essence, you will add significant value to Bupa Actuarial capital modelling capabilities.This is an ideal role for an Actuary looking to develop experience in economic capital modelling. You will be supported by an experienced team.What you’ll do:<ul><li>Deliver capital modelling updates and analysis of Economic Capital Requirements.</li><li>Perform annual review of methodology, risk calibration and dependency/aggregation.</li><li>Maintain model documentations, data directory and expert judgment log.</li><li>Support model use initiatives including capital risk appetite setting, capital optimisation.</li><li>Prepare capital requirement reports for Bupa Board, Executive team.</li><li>Partner with multiple stakeholders across Bupa.</li><li>Point of contact for economic capital requirement queries.</li></ul>What you’ll bring:<ul><li>Qualified Actuary (IFoA). Ideally 2 years qualified but newly qualified candidates will be considered dependent upon experience.</li><li>Strong modelling experience.</li><li>Understanding of Solvency2 requirements.</li><li>ReMetrica software knowledge is an advantage, but not essential.</li><li>Previous exposure to capital modelling techniques and reporting, including risk calibrations for economic capital or partial/full internal model under Solvency 2.</li><li>Proactive mindset, ability to work independently.</li></ul>What's different about this role?Bupa has a global footprint and with this role you'll have exposure to all of it bringing so much interest & variety.Why Bupa?We are a health insurer and provider. With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers.Our benefits are driven by what matters to our people. It’s important to us that these benefits support a work-life balance that keeps people healthy, both mentally and physically. You will be eligible for:<ul><li>25 days holiday, increasing through length of service, with option to buy or sell</li><li>Bupa health insurance as a benefit in kind</li><li>An enhanced pension plan and life insurance</li><li>Annual performance-based bonus</li><li>Onsite gyms or local discounts where no onsite gym available</li><li>Various other benefits and online discounts</li></ul>Diversity and InclusionBupa is committed to making sure that every applicant is assessed solely on personal merit and qualifications. We actively celebrate the diversity of our colleagues and provide an inclusive environment so you can bring your true self to Bupa. We’ll make sure you are treated fairly. That’s why we’re happy to offer reasonable adjustments as part of our recruitment process to anyone that needs them.

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