Actuarial Oversight Manager

Actuarial Oversight Manager

Salary: £89,700 pa to £109,600 pa, plus extensive benefits. Locations: Bristol or Edinburgh. Hours: Full‑time. Working pattern: hybrid – at least two days per week at an office.

Overview

We are seeking a qualified Actuary (FIA / FFA or equivalent) to lead independent oversight of third‑party actuarial calculations for our legacy life and pensions business. You will ensure the safety of customer financial outcomes by reviewing the quality, robustness and compliance of actuarial outputs.

Responsibilities

• Provide effective actuarial oversight and challenge of third‑party 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, and advise or escalated 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.

Desirable Qualifications

• Knowledge of data, administration systems and control environments supporting life and pensions operations.
• 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.

Equal Opportunity & Disability

We are an equal‑opportunity employer, encouraging applicants from diverse backgrounds. We offer reasonable adjustments for people with disabilities, long‑term health or neurodivergent conditions, and are a Disability Confident Leader.

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