Senior Actuary

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Employer: NFU Mutual
Location: Stratford-upon-Avon
Salary: Up to £90,000 + 25% annual bonus + PMI + benefits package
Closing date: 29 Jan 2025

• Join an award-winning company - including "Which?" Insurance Brand of the Year 2024 and Gallup's Exceptional Place to Work 2023
• Hybrid role with 80% homeworking and 20% in Stratford-upon-Avon
• Join our exceptional Reserving Team

Senior Actuary

Join our team as a Senior Actuary, where you'll play a pivotal role in shaping our reserving strategies and delivering impactful insights to senior stakeholders. Reporting to the Head of GI Reserving, you will lead the quarterly reserving process, ensuring the delivery of accurate and comprehensive reports to key committees such as the Reserving Committee and Audit Committee. This position involves managing a team of actuaries and analysts, fostering a collaborative and high-performing environment while overseeing both technical and strategic initiatives.

You will be the primary point of contact for external stakeholders, including auditors and regulatory bodies, providing expertise on reserving methodologies and assumptions, ensuring compliance with regulatory requirements. Alongside these responsibilities, you will contribute to company-wide projects, drive process improvements, and collaborate with pricing, claims, and other departments to deliver data-driven solutions. This is a fantastic opportunity to combine technical excellence with leadership in a dynamic and influential role.

This role is based in our Tiddington Head Office, just outside Stratford-Upon-Avon. However, we understand how important a positive work-life balance is, so to help you give your best, we offer great facilities when you want to be in an office environment and support to work up to 80% of your hours from home.

About you

You'll be a fully qualified actuary with significant post-qualification experience in General Insurance (GI) Reserving. Your strong technical expertise is matched by a proven ability to lead and manage teams, driving performance and fostering professional growth among your colleagues. You have excellent stakeholder management skills, with experience engaging with both internal teams and external parties such as auditors and regulators.

Your ability to present complex actuarial concepts clearly and effectively enables you to influence decision-making at the highest levels of the organisation. You are proactive, detail-oriented, and skilled at balancing strategic oversight with day-to-day operational demands. A strong knowledge of reserving software ResQ and proficiency in tools such as SQL and Excel are essential.

This role is ideal for someone who thrives on leadership, innovation, and making a measurable impact on the business.

To join our team, you'll also have:

• An honours degree (2:1 or above) in actuarial science, mathematics, statistics, economics or another degree with significant mathematical content.
• Fully qualified Actuary (FIA or FFA)
• Strong analytical skills including the ability to solve complex business problems using analytical and statistical methods.
• In-depth knowledge of current industry developments and regulatory framework.
• In-depth knowledge and understanding of actuarial techniques.
• Proven track record of demonstrating actuarial judgement based on a pragmatic assessment of business needs.
• Ability to collaborate with business and technical specialists.

At NFU Mutual, we support an inclusive workplace and value all the differences that make us unique. We celebrate the creativity and innovation that comes from diverse perspectives and experiences and share a common vision of doing the right thing for our customers and employees.

We recognise that some candidates may experience barriers during the recruitment process. So, we encourage candidates to discuss any adjustments or accommodations they need to be the best they can be throughout our recruitment process.

We're proud to be a Disability Confident Employer, a Race at Work and Women in Finance Charter signatory and welcome applications from people of all backgrounds, regardless of age, ethnicity, disability, neurodiversity, gender, religion, marital status, sexual orientation, or socioeconomic background.

Benefits and Rewards

When you join our team, you can expect a supportive culture and an attractive range of rewards and benefits including:

• Salary of up to £90,000 depending on experience
• Annual bonus (up to 25% of salary)
• Contributory pension scheme, up to 20%, including your 8% contribution
• 28 days annual leave + bank holidays + buy/sell/save holiday trading scheme
• A Family Friendly policy that helps you balance your work and family responsibilities
• Private medical insurance + options to add family members
• Access to savings at High Street brands, travel and supermarkets
• £20 contribution to a monthly gym membership - subject to T&Cs
• Health and wellbeing plan- cashback for dentist, opticians, physio and more
• Employee Volunteering - volunteer in the community for one day each year
• Unlimited access to Refer a Friend £500 bonus scheme
• Life Assurance cover of 4 x salary
• Employee discounts of 15% on a range of NFU Mutual insurance policies.

Working at NFU Mutual

We're one of the UK's leading general insurance and financial services companies. For over 110 years we've put our customers at the heart of everything we do. Our people are just as important to us. We pride ourselves on being "a great place to work" and we're one of only 60 companies across the globe to receive a Gallup Exceptional Workplace 2024 award, and one of only 2 companies to receive the award for the ninth consecutive year. We were also named in the LinkedIn Top 25 Companies List 2021, the Glassdoor Best Places to Work UK List 2023 and 2024, and were recognised as a certified UK Top Employer by the Top Employers Institute in 2023 and 2024.

We offer a supportive culture where we empower and inspire our people to perform, offer them opportunities to grow, and recognise and reward their contribution. Our people are proud to work for a company that respects them and their communities, and they trust us to be financially sustainable, so we are successful now and in the future.

Apply now

Stratford-upon-Avon
Tiddington Road
Stratford-upon-Avon
Warwickshire
CV37 7BJ