Actuarial Analyst

Direct message the job poster from Scottish Friendly

Do you want to be part of something more than just a financial services business? Do you believe everyone, regardless of wealth, should have the opportunity to save and look after their loved ones? Do you want to be part of something that has been here for 160 years and help it be here for 160 more?

Scottish Friendly has an exciting opportunity to join our team. Based in Glasgow City Centre, we are one of the most progressive mutual life insurance offices in the UK. We have a strong, clear culture which has grown since 1862 with our customers and colleagues of today and the future being at the heart of that growth.

A fantastic opportunity has arisen to join the actuarial department, working within the valuation team.

The team are responsible for completing all aspects of the actuarial valuation, including setting the actuarial assumptions, defining the methodology, building and running the actuarial models and completing the analysis of results. The team also gets involved in lots of interesting and varied work, depending on the specific needs of the business – including supporting with responses to customer queries and continually developing and improving the actuarial function’s own processes.

The team work closely and collaboratively with each other, and with other parts of the business. This role will give you an unparalleled opportunity to understand the full end‑to‑end actuarial valuation process, and to develop your skills and experiences in all aspects of actuarial work.

In this role you will also have exposure to senior stakeholders, the wider actuarial team and colleagues in different departments across the business, allowing you to see how the work you are doing impacts the success of the Society.

This key role sits within the Actuarial Valuation Team and will report to the Valuation Team Leader.

• Playing a key role in the regular valuation process and producing results to support the Valuation Manager;
• Completion of monthly data tasks and production of regular reinsurance account information;
• Carrying out annual experience analysis for assumption setting (persistency, mortality, expenses);
• Continued improvement of valuation processes and controls;
• Preparing reports for the Valuation Team Leader, Head of Actuarial Valuation, Chief Actuary and Committees;
• Preparing reporting submissions to Regulators and assisting with the production of the SFCR and Annual Report & Accounts.

• Be a team player who likes to work collaboratively;
• Be enthusiastic and very keen to learn about more actuarial processes and systems and to develop themselves;
• Be capable of working independently, but also confident enough to reach out to ask for support / escalate issues in a timely manner;
• Have very strong problem‑solving skills, and be capable of thinking critically;
• Not be afraid to challenge the status quo and share their views and opinions with the team, by always striving to improve and make things better;
• Be able to demonstrate experience of operating processes in a controlled manner;
• Have outstanding Microsoft Excel skills;

• Have experience working within a life insurance company, ideally within an actuarial or finance function – but we would consider a more varied background if the candidate could show a good understanding of life insurance products.
• Have made some progress towards completing a formal actuarial qualification – although this is not necessarily essential for the role if a candidate can demonstrate relevant work experience.
• Have some experience using actuarial modelling software: for example, Risk Agility FM (or similar) and SQL.
• Have a basic understanding of the principles underlying actuarial valuations and Solvency II.

• Recognition awards:
  Win exciting prizes, including one week’s annual leave plus £3,000 spending money.
• Refer‑a‑friend scheme:
  Earn rewards for bringing talented friends to our team.
• Annual Leave: 25 days annual leave (rising to 28 with service) plus 8 bank holidays, and options to buy or sell extra days.
• Supporting the future: 10% employer pension contribution, 4× group life cover.
• Getting around:
  Access to cycle‑to‑work schemes, Electric Vehicle scheme
  * and travel loans.
• Wellbeing: 24/7 GP access, EAP, Private Healthcare, and free legal/financial advice a variety of savings at top high street and online retailers.
• Hybrid model with up to three remote days per week, totalling 35 hours per week Monday to Friday.

We are committed to creating an inclusive environment where all colleagues feel valued, respected and represented. If you require any accommodations during the application process, please don’t hesitate to let us know.

Mid‑Senior level

Full‑time

Finance and Analyst

Apply BELOW