Lead Senior Actuary – ORSA & Recovery Planning
If your skills, experience, and qualifications match those in this job overview, do not delay your application.
Location: London, Birmingham, or Edinburgh (hybrid working available)
Job Type: Permanent
Flexible Working: Open to part-time, job-share, and other flexible arrangements
Benefits: Bonus potential, private medical cover, 38 days annual leave, excellent pension, 12x salary life assurance, career breaks, income protection, 3x volunteering days, and more
About the Company
This opportunity is with a leading UK-based insurance company specialising in life insurance, pensions, and long-term savings. The organisation is committed to strong governance, strategic risk management, and delivering sustainable outcomes for customers and stakeholders.
About the Role
This senior actuarial leadership role sits within the Financial Risk Operations team and is responsible for delivering key strategic risk frameworks including the annual ORSA, Recovery and Resolution Plans, and Solvent Exit Planning. The role also supports the maintenance of the Group’s Risk Appetite, Stress and Scenario Testing, and other Line 2 frameworks.
You’ll work closely with executive and business leadership, providing technical and people leadership, and influencing decision-making at the highest levels.
Key Responsibilities
* Lead the delivery of the annual ORSA, Recovery and Resolution Plans, and Solvent Exit Planning
* Maintain and enhance key Line 2 frameworks including Risk Appetite and Stress Testing
* Collaborate with business and risk teams to ensure credible and realistic recovery planning
* Run the annual Recovery Plan fire drill with the Executive Committee
* Provide Line 2 opinions on material business decisions, balancing commercial and risk considerations
* Champion the Risk Function’s vision and support cultural and operational improvements
* Manage and develop the team, setting clear goals and KPIs, and fostering a high-performance culture
* Influence executive-level decisions and deliver high-quality reporting with minimal oversight
* Explore opportunities to enhance risk management through technology and AI
Essential Experience & Skills
* Qualified Actuary or equivalent
* Deep understanding of life insurance products (especially BPA and annuities)
* Strong knowledge of regulatory frameworks (Solvency UK, IFRS 17, UK GAAP)
* Proven experience delivering ORSA, Recovery and Resolution Planning, Stress Testing, and Solvent Exit Planning
* Understanding of non-financial risks and operational resilience
* Excellent communication skills, with the ability to simplify complex financial concepts
Inclusion & Accessibility
Applicants from all backgrounds are encouraged to apply. If your experience differs from the listed criteria but you believe you can bring value to the role, your application is welcome. Adjustments to the recruitment process can be made to help you perform at your best.