End Date: Wednesday 24 June 2026
Salary Range: £156,681 - £184,330
Work Arrangement: Hybrid – two days per week/40% of time at one of our office sites. Full time.
Job Overview
Reporting to the Group Chief Actuary, the General Insurance Chief Actuary leads a team of actuaries in developing the operating model, providing insight, control and thought leadership for the General Insurance business.
Key Accountabilities
* Deliver elements related to reserves, capital and liquidity, maintaining and improving processes and models.
* Provide pricing and underwriting support.
* Consider forward‑looking capital and optimisation projects for the General Insurance business and its engagement with the wider Group.
* Lead processes to deliver regular and ad‑hoc insightful information to influence business decisions.
* Contribute to the strategic direction of the General Insurance business, applying insight to support participation, product, rate setting and risk assessment options.
* Lead actuarial projects or provide actuarial advice to corporate projects with an impact across divisions.
* Maintain a high‑performing team, ensuring colleagues are led, mentored and developed.
* Maintain positive interaction with key business and finance collaborators, fostering continuous improvement in working relationships and practices.
* Interpret and translate policy into processes for functional areas and business divisions.
* Build and maintain an external and internal network for commercial understanding and/or customer protection.
* Incorporate new regulatory standards while advising and providing updates to the board.
* Lead all aspects of General Insurance and other governance bodies on technical, strategic and regulatory issues.
* Lead discussions with the PRA regarding actuarial and risk items, SolvencyII and internal model maintenance and development.
* Promote positive engagement with Risk and Internal Audit; sustain a positive tone at the top.
* Ensure appropriate risk focus in decision‑making and maintain a strong control, governance and compliance structure.
* Review and make recommendations for the organisational build to ensure it is fit for purpose.
Qualifications & Experience
* Qualified actuary with extensive experience of GI pricing, capital (quantification, reporting, management and monitoring), reserving (including claims processes and reserve monitoring/setting), liquidity management and ALM, and business planning (especially stress and sensitivity).
* Expertise in entity / reinsurance structures.
* Strong knowledge of market‑consistent techniques, policies/risk appetite, SII internal models, calibrations, SII legislative requirements, wider regulatory context and practical implications.
* Track record of explaining sophisticated technical matters to senior audiences and having difficult conversations at any level in the organisation.
* History of delivering sophisticated projects across different functions, meeting deadlines and budget.
* Experience leading others through change.
Benefits
* Generous pension contribution of up to 15%.
* Annual performance‑related bonus.
* Share schemes including free shares.
* Flexible benefits such as discounted shopping.
* 30 days’ holiday, plus bank holidays.
* Well‑being initiatives and generous parental leave policies.
* Reasonable workplace adjustments for colleagues with disabilities, including flexibility in office attendance, location and working patterns.
We are a Disability Confident Leader and guarantee interviews for a fair and proportionate number of applicants with a disability, long‑term health or neurodivergent condition through the Disability Confident Scheme.
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