Job Title: Actuarial Oversight Manager – Fixed Term Contract (12 months)
Salary: £89,700 to £109,600 per annum (pro rata)
Locations: Bristol | Edinburgh
Working Pattern: Hybrid – at least 2 days per week in office
Job Summary
We are seeking a Qualified Actuary to join our actuarial oversight team. The role involves independent oversight and challenge of third‑party actuarial calculations supporting legacy life and pensions business, ensuring the safety of customer financial outcomes. You will collaborate with internal stakeholders and external service providers, improve control environments, and contribute to the strengthening of actuarial processes.
What you’ll be doing
- Provide effective actuarial oversight and challenge of third‑party actuarial calculations, processes and controls.
- Review and assess the quality, completeness and appropriateness of actuarial outputs, ensuring they meet internal standards and external requirements.
- Support improvements in the control framework, including documentation, governance, issue management and remediation activities.
- Develop a strong understanding of data flows, administration systems and end‑to‑end processes supporting legacy life and pensions business.
- Identify risks, issues and emerging themes, escalating or advising appropriately with clear, evidence‑based insight.
- Work collaboratively with third‑party providers and other internal teams.
- Communicate complex actuarial and technical matters clearly to a range of audiences, including non‑specialists.
- Contribute to continuous improvement of oversight approaches, tools and ways of working.
- Support knowledge‑sharing and capability development within the actuarial oversight community.
Essential Qualifications
- Qualified Actuary (FIA / FFA or equivalent).
- Experience applying actuarial judgement within life insurance and/or pensions, ideally including legacy books of business.
- Strong understanding of actuarial calculations as applied to life and pension products, with confidence to provide constructive challenge.
- Experience working with or overseeing third‑party service providers.
- Experience in actuarial governance, risk management, model assurance or change assurance.
- Experience working with With‑Profit policies.
Desirable Qualifications
- Knowledge of data, administration systems and control environments supporting life and pensions operations.
- Experience with model development, documentation and validation processes.
- Experience in change assurance within actuarial functions.
Diversity, Equity & Inclusion
We are committed to creating an inclusive environment where everyone can thrive. We offer reasonable adjustments and are a Disability Confident Leader, guaranteeing interviews for applicants who meet the minimum criteria and have a disability, long‑term health or neurodivergent condition.
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