Actuarial Consultant (Reserving and Capital)

ARAG UK has an opportunity for an Actuarial Consultant to join the Actuarial team, part of the wider Finance function. This role has a particular focus on representing Actuarial in tasks relating to reserving and capital, which includes activities related to regulatory and internal reporting and ad-hoc tasks that support the actuarial function. It is a business-facing role that requires both technical skill and the ability to strike a balance between collaborative working and independent challenge.

In this role you can expect to provide input to reserving and/or capital calculations in line with best practice and make appropriate recommendations. You will help to create, develop and document processes and models to support the reserving and capital teams, whilst monitoring claims and exposure activity on a regular basis.

This is a great opportunity to develop capabilities to cover a range of actuarial disciplines, communicate clearly and foster productive working relationships with the wider business, as well as supporting in the wider development and training of the actuarial team 

As well as the collaborative aspects, you can expect to carry out other actuarial investigations that may be required from time to time under UK regulation and legislation, whilst following UK GAAP and Solvency II related guidance.

Furthermore, the successful candidate will look to review critically the assumptions proposed for use in corporate planning and investigate and recommend improvements to processes surrounding the above actuarial activities, both within the department and beyond. 

As an integral member of the team, good communication skills are essential to this position. You’ll have the opportunity to develop constructive working relationships with stakeholders across the position including from Finance, Risk, Underwriting, Pricing, Claims and senior management. It’s therefore important that the successful candidate is able to demonstrate an ability to communicate on technical topics and at an appropriate level for a varying audience and challenge proposals put forward by colleagues in a constructive way.

We’d like to hear from applicants who can demonstrate the following:

• Working towards Fellow of the Institute and Faculty of Actuaries or equivalent 
• Ability to form a well justified, independent actuarial view, then use it to engage with management and work productively with peers and management to effect change 
• Ability to build good working relationships ARAG Risk, ARAG Underwriting and ARAG Finance functions 
• Good knowledge of non-life actuarial techniques, preferably including actuarial reserving techniques 

At ARAG we encourage our people to work flexibly and achieve a work-life balance that works for them.

In return for your commitment we will offer you generous remuneration and a benefits package to include:   

• 25 days holiday with the option to buy up to a further 5 days
• Company pension scheme with the option to increase contributions
• Group Income Protection for all employees
• Group Legal Protection for all employees
• A choice of either European Motor Assistance or Home Emergency Assistance
• Salary sacrifice benefits including Cycle scheme 
• A comprehensive wellbeing programme including an employee Health Cash Plan
• Access to our employee discounts hub offering exclusive discounts across thousands of retail partners, including discounted gym memberships at over 3,000 gyms across the UK
• The option to join our Sports and Social club which organises discounted events such as theatre visits and shopping trips

If you think you would be a good match for this role and can demonstrate some transferable experience please apply, regardless of whether you meet all the criteria listed above.

ARAG UK has been helping businesses and individuals gain access to justice for over 40 years. It’s our founding principle to enable everybody, not just those who can afford it, to assert their legal rights.

Thousands of businesses and individuals defend or pursue legal action each year safe in the knowledge that ARAG are paying their legal bills. Our businesses include a legal expenses insurance company and a law firm with many opportunities in both areas.

We have always been aware that it’s the people that really make it happen; the quality of our people defines the quality of the company, the service we offer and the good outcomes for our customers, so we’re committed to creating a great place to work for our employees.

We believe it is an exciting time to join ARAG. You can expect an organisation that will challenge and develop you to progress your career.  

By giving you every opportunity to develop yourself professionally and personally, we also pride ourselves on having an open, inclusive and high energy culture that encourages a fun working environment and places our customers at the very heart of everything we do.

If you are keen to become part of our exciting future then we would love to hear from you. In addition to the very genuine development opportunities we provide we also offer a generous reward and benefits package.