Overview : The Actuarial team, based in the Aldersgate Street office, forms part of BDO’s Financial Services business unit, and provides advice on a wide range of actuarial issues, predominantly focused on non-life insurance.
Its work includes assurance services,reserve reviews, capital calculations, Solvency II actuarial function duties and reporting, IFRS 17 transition, M&A due diligence reviews, section 166 skilled person reviews and part VII transfers, as well as external and internal audit support, corporategovernance and risk advisory.
Clients include London underwriters, Syndicates at Lloyd’s, P&I clubs, captive insurers, and other insurance and reinsurance entities underwriting commercial and personal lines.
Support the existing team in offering a range of actuarial services to a portfolio of clients within the insurance industry.
This is expected to primarily include reserving, capital calculations and Solvency II actuarial function duties, but may alsoinclude risk modelling, model validation, IFRS 17 support etc.
Provide expert advice in support of BDO’s external and internal audit engagements for insurance entities.
Oversee and manage the successful delivery of a range of concurrent client engagements, delegating work to junior resources, being the key contact for clients, and ensuring the work is of high quality and in line with BDO’s quality standards and those ofthe actuarial profession.
Present confidently to clients and prospects at results communication meetings and business pitches.
Play an active role in the management and development of the actuarial team, which may include on-the-job coaching, performance management, work control, team training, recruitment etc.
Ensure partners and peers are kept fully informed of all developments in your work, ensuring sufficient time and availability for partner / peer review prior to the release of advice.
Oversee the commercial aspects of your engagements including letters of engagement, budgets, billing, management of (changes in) the scope of work, profitability / recoverability etc.
Ensure partners are kept fully informed of all developments in your work, ensuring sufficient time and availability for partner review prior to the release of advice.
Contribute effectively to BDO’s business development initiatives through attendance at and active participation in client networking events, seminars, and conferences and through the production of proposal documentation and marketing literature.
Involvement with industry specific touch points (GIRO, working parties, steering committees, workshops, white papers, research papers, commenting in relevant publications etc.
to maintain and enhance the firm’s public reputation.
Establish, maintain and develop new and existing business relationships with clients and prospects, developing a network of contacts with other professionals and work providers in order to actively seek and exploit business development opportunities.
When relevant, support the wider business in non-insurance initiatives and engagements where actuarial, mathematical and statistical concepts may be appropriate (eg to support our data science initiatives).
Develop internal intellectual capital and help to devise plans to take these ideas to market
Gain a full awareness of the services offered by other departments in the firm and continually look for cross selling opportunities.
Qualified general insurance Actuary, with experience in the London market
Good communication and presentation skills
Strong commercial acumen
Experience of reserving, Solvency II technical provisions and capital calculations (internal models and the standard formula).
Pricing and risk management experience a benefit.
A willingness to be involved in new areas, including an interest in data science.
High standard of IT literacy, including an expert knowledge of MS Excel
People management skills (proven experience of managing a team at supervisory level)
Able to influence internal / external clients and colleagues
Proven planning and prioritising skills
Able to demonstrate problem solving skills
Keen to add value to our clients’ businesses
Strong organisation, communication and presentation skills
Ability to meet deadlines and to multitask, working under pressure with accuracy and focus
Able to follow firm’s policies and procedures
Self-motivated and able to apply relevant skills to new scenarios
Support business development and marketing initiatives
Client management and relationship building skills
Keep ahead of regulatory change and address the impact on clients and the opportunities for the firm
Proven record of working successfully with senior management
Our Agency Policy
BDO has a commitment to building relationships directly with candidates (and agencies) in our local markets and as such, we do not accept speculative CVs from agencies.
We work closely with our preferred suppliers to support us in sourcing quality candidatesbut we only pay agency fees where we have a signed agreement in place and an agency has been instructed by a member of the BDO Resourcing team.
We do not pay agency fees where speculative and unsolicited CVs are submitted to BDO by any means other than throughour recruitment portal.
For any CVs which are submitted without instruction from the BDO Resourcing team, BDO reserves the right to contact and work directly with these candidates without payment of any agency fee.