Actuary (with Profits)

Location Glasgow
Discipline: Financial Services
Job type: Permanent
Contact name: Scott Maxwell

Contact email:
Contact phone: 07974065745
Job ref: 134769
Published: about 2 months ago
Expiry date: 28 Feb 2025 23:59

Newly Qualified Actuary – Glasgow (hybrid)


Change Recruitment Group is working with a Life Insurance organisation who have an exciting opportunity for a newly qualified/nearly qualified Actuary to join the Actuarial Department in the role of Development Actuary. This role will be supporting the business strategy in developing their financial management approach, with a focus on it's with-profit (WP) funds.


Key responsibilities:

Supporting ongoing activities in the actuarial realm of financial management for with-profits funds, including:

  • Developing and refining run-off plans for pertinent funds.
  • Formulating and integrating a financial management framework applicable to all with-profits funds.
  • Sustaining the with-profits miscellaneous surplus distribution policy.
  • Managing the with-profits excess surplus distribution policy.
  • Overseeing strategic initiatives, encompassing M&A and with-profits transformation endeavours.
  • Driving process enhancements and operational efficiency within an actuarial context.
  • Spearheading capital initiatives to align with actuarial objectives.
  • Crafting proposals relevant to the actuarial aspects of with-profits business, such as bonus recommendations, PPFM changes, and annual reports on PPFM compliance.
  • Collaborating and coordinating with various departments, including IT, Pricing, and Risk.
  • Participating in relevant Executive and Board level committees to ensure alignment with actuarial considerations.


The ideal candidate will be an experienced Life Insurance professional or a recently qualified Actuary 


Key skills and experience:


  • Ideally a recently qualified actuary
  • Good working knowledge of life insurance products including with-profits products and their operation.
  • Excellent communication skills with the ability to work with stakeholders across the business.
  • SQL would be desirable but not essential


This is a unique opportunity that offers great growth and development within a supportive team and business.


For more information, please contact Scott Maxwell - or call 07974065745