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Group Risk Actuary

Business Role Type
Business Support Role
Business Support Departments
Competitive, plus excellent Admiral Benefits
External Closing Date
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The Company

Admiral Group plc is a FTSE 100 listed insurance and financial services group, based in Cardiff but with operations and businesses in Europe, North America and India. Turnover in 2017 was £2.96 billion and pre-tax profit was £405 million. The Group has over 5.7 million customers and employs almost 10,000 people.

The role

  • Support the business in its desire to identify, measure, monitor, manage and report risks across the business.
  • Provide actuarial skills and insight to internal processes in order to add value and assurance to internal processes.
  • Work closely with senior management and our Finance team to review all aspects of actuarial deliverables.
  • You will report to the Group Risk Actuary working within the Group Risk Function.

This is not a full definition of the role but covers the main aspects and drivers for success.

Key Responsibilities:

  • Provide key support to the Group’s IMAP application, particularly around model validation and documentation.
  • Support the ongoing validation of the parameterisation and outputs of the Admiral Group partial internal model.
  • Perform review and challenge to the methods and judgements used in the valuation of reserves and technical provisions.
  • Review and challenge changes to financial models that are used within Admiral Group. In addition, provide support to the governance process around these changes.
  • Provide insight on the capital and risk implications of new products and propositions.
  • Occasional attendee of a range of governance committees.
  • Support the Group’s Internal Model Application Process.
  • Support the development and production of the Actuarial Function Reports.
  • Support the business with Risk and Capital Assessments for new products, businesses and propositions.

Candidate profile:

  • Evidence of working with the UK regulator on ICA, Solvency 2 or similar regulatory submissions
  • Good knowledge of Solvency 2 regulations
  • Able to build open relationships and gain consensus with all internal stakeholders
  • Ability to work independently and proactively
  • Able to multi-task deliverables and work under pressure and lead large complex projects
  • Objective, timely and confident decision making skills
  • Attention to detail, with an analytical mindset
  • Strong influencing and persuasion skills
  • Commercially minded
  • Ideally the successful candidate will be making good progress with actuarial exams

About Admiral:

We're Wales’ only FTSE 100 company with forward-thinking approaches and endless opportunities to test, learn and grow. There's a reason we've been named a best place to work: Our progressive culture, core values, and commitment to diversity and inclusion has created a working environment where people share ideas, aren’t afraid to speak up and change things, and above all, are felt valued.

Based on innovation and organic growth Admiral has grown from being a small start-up into one of the largest car insurance providers in the UK. The company is constantly investigating new products, services and markets and is now in seven countries with a diverse product portfolio.

Admiral’s success goes hand-in-hand with having a strong people focussed culture. We believe that happy people make happy customers and happy customers help increase profits. Our philosophy is a simple yet effective one: people who enjoy what they do, do it better. 

We truly care about our customers, they are at the heart of every decision we make. We’re very proud of the innovative products we offer and level of service we provide. Everything we do acknowledges the needs of our customers and by recruiting the right people, we can continue to provide great service and ensure an excellent experience for our customers.

Admiral people work hard to keep us at the top of our industry, and are rewarded for it—with competitive pay, great benefits, a share package based on company performance, work-life balance opportunities, nearby fitness and health centres, and other special perks.

The Recruitment Officer looking after this role is Linzi Burnell. If you’d like to know any more about the position, please feel free to drop her an email or give her a call on the Recruitment line - 0800 118 1619.