Job Title: Lead Actuarial and Pricing Analyst

Location: London

Type of role: Permanent

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Capgemini is seeking a highly motivated and detail-oriented Life Insurance Actuary to join our team to work for a top Insurance clients

Your Role:

• The Lead Actuarial and Pricing Analyst will focus on developing and maintaining pricing models for life insurance products, supporting the implementation of new life insurance offerings, and providing technical expertise for in-force life products.
• Core responsibilities include performing actuarial analysis, ensuring regulatory compliance, and collaborating with cross-functional teams to drive business success in life insurance space.
• The role also involves leading actuarial research, setting assumptions, and mentoring junior staff.
• Works independently to develop and implement appropriate solutions to actuarial issues. Acts as project lead, where assigned, assigning project work, managing workflow and providing feedback to management to enable appropriate modifications to and timely completion of projects.
• Represents the Actuarial Department through participation in inter-departmental meetings and committees.
• Designs and conducts training and development of professional actuarial personnel as assigned to maintain efficient and accurate completion of projects.

Your Profile:

• Ideal candidates should have good experience in life insurance actuarial functions, strong technical skills, and be progressing towards ASA/FSA certification.
• Expereince in analyzing proposed and existing products, develops appropriate formulas, and directs the calculation of nonforfeiture values, premiums, commission rates, reserves, and proposal and disclosure values for new and existing products. Develops, extends, and maintains the profit study, reserve, and nonforfeiture value calculation programs.
• Someone experienced in directing audits of the plan description file, and coordinates changes.
• Experience in maintaining actuarial valuation systems to be consistent with End-User computer standards, including required changes as necessary due to IT system changes, product changes, and regulation changes.
• Collaborates with IT to ensure new Company and Group processes and procedures are correctly reflected in the actuarial valuation systems.
• Directs and analyzes actuarial research and experience studies and prepares reports to management.
• Directs the development of actuarial assumptions used in models for projecting future experience.
• Analyzes agent compensation systems and recommends changes where appropriate to maintain profitability and competitiveness.
• Directs the preparation of reports and financial projections to provide management with information needed to monitor and evaluate the impact of business decisions on profits.

About Capgemini

Capgemini is a global business and technology transformation partner, helping organizations to accelerate their dual transition to a digital and sustainable world while creating tangible impact for enterprises and society. It is a responsible and diverse group of 350,000 team members in more than 50 countries. With its strong over 55-year heritage, Capgemini is trusted by its clients to unlock the value of technology to address the entire breadth of their business needs. It delivers end-to-end services and solutions leveraging strengths from strategy and design to engineering, all fueled by its market-leading capabilities in AI, cloud, and data, combined with its deep industry expertise and partner ecosystem. The Group reported 2023 global revenues of €22.5 billion.