Head of Model Development

Key Responsibilities:

• Act as the actuarial modelling subject matter expert, with extensive use of Prophet (conventional, unit‑linked, and summary libraries).
• Ensure accurate calculation of key financial metrics, including:
  • IFRS 17 (fulfilment cash flows, risk adjustment, contractual service margin)
  • Embedded Value (ANW, PVFP, cost of capital)
  • SAM (technical provisions and life non‑market risk SCRs)
• Manage relationships with third‑party Prophet software providers, including:
  • Attending vendor meetings
  • Validating cloud usage and billing
  • Optimising Prophet licence allocation and ownership
  • Acting as the first point of contact for internal Prophet‑related queries
• Provide analytics and financial reporting support, including:
  • Analysis of surplus, embedded value, and basic own funds
  • Preparation of management information for executive and committee reporting
• Perform first‑line quality assurance, ensuring accuracy of model outputs and maintaining a strong control environment.
• Oversee model governance, ensuring comprehensive documentation and appropriate sign‑off for model changes.
• Support talent development, with potential people‑management responsibility for 1–2 direct reports.

Minimum Requirements:

• Qualified Actuary (all exams passed) and registered as a Fellow.
  Candidates with 4+ years’ valuations experience will also be considered.
• Advanced Prophet expertise is essential.
• Strong analytical capability with the ability to translate complex outputs into meaningful insights.
• Excellent communication and stakeholder‑management skills.

Why Join

• Actuarial (Life, Short‑Term, Pensions, Health, Quant)
• Data Science & Advanced Analytics
• Pricing & Product Modelling
• Market, Credit & Quantitative Risk
• Machine Learning & AI Specialists