Actuarial Oversight Manager
Salary: £89,700pa to £109,600pa plus an extensive benefits package.
Location: Bristol or Edinburgh.
Hours: Full-time.
Working pattern: Hybrid – at least two days per week at one of our office sites. Flexibility works policy applies to employees with disabilities.
What you’ll be doing
- Providing effective actuarial oversight and challenge of third‑party actuarial calculations, processes and controls.
- Reviewing and assessing the quality, completeness and appropriateness of actuarial outputs, ensuring they meet internal standards and external requirements.
- Supporting improvements in the control framework, including documentation, governance, issue management and remediation activities.
- Developing a strong understanding of data flows, administration systems and end‑to‑end processes supporting legacy life and pensions business.
- Identifying risks, issues and emerging themes, and escalating or advising appropriately with clear, evidence‑based insight.
- Working collaboratively with third‑party providers and other internal teams.
- Communicating complex actuarial and technical matters clearly to a range of audiences, including non‑specialists.
- Contributing to continuous improvement of oversight approaches, tools and ways of working.
- Supporting knowledge‑sharing and capability development within the actuarial oversight community.
Why join us?
We’re investing billions in our people, places and technology to meet the needs of our 28 million customers. We’re growing, and we’d love you to be part of the journey.
What we’re looking for
Essential
- Qualified Actuary (FIA / FFA or equivalent).
- Experience applying actuarial judgement within life insurance and/or pensions, ideally including legacy books of business.
- A strong understanding of actuarial calculations, as applied to life and pension products, with the confidence to provide constructive challenge.
Desirable
- 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.
We recognise that skills mature in many ways, so if you have relevant, transferable experience we encourage you to apply.
Diversity and Inclusion
Our ambition is to be the leading UK business for diversity, equity and inclusion, supporting customers, colleagues and communities. We offer reasonable workplace adjustments for colleagues with disabilities and provide a Disability Confident Leader guarantee.
We provide reasonable adjustments throughout the recruitment process to reduce or remove barriers. Just let us know what you need.
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