General Insurance Chief Actuary

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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