Reporting Actuary

Hybrid working – two days per week required on site Angel Court, EC2R 7HJ

12 month fixed term contract

Salary from £90,000 + fantastic benefits, including up to 10% bonus

Full time - 35 hours per week

About the Role

As a Reporting Actuary, you’ll play a key role in supporting our mission by guiding the business to use technology that strengthens the efficiency of our Actuarial Systems reporting. We are looking for an experienced qualified actuary to join Group Actuarial on a fixed-term contract basis until the end of 2027. The role will provide additional actuarial capacity during an important period of transition, supporting core BAU activity across areas such as Group actuarial reporting, economic capital, Group Specific Parameter (GSP) and related regulatory deliverables while the permanent team supports the testing and onboarding of new processes developed as part of our ActuVate transformation programme.

Responsibilities

• Supporting the actuarial content for reports to the Executive, Board and Bupa’s regulators, including ORSA, stress and scenario testing, SFCR, RSR and QRTs, working with Group Finance, Governance and local actuarial and finance teams.
• Contributing to BAU actuarial reporting and analysis, including technical provisions, insurance risk measurement, pricing and reinsurance adequacy, stress and scenario testing, solvency capital requirement and economic capital assessment.
• Helping maintain, improve and document actuarial models, data, methods, assumptions, processes and controls, ensuring outputs remain robust, efficient and compliant with relevant policies and regulatory standards.
• Engaging with the actuarial community across Bupa to gather inputs, resolve issues, share knowledge and support consistent delivery.
• Interpreting prudential regulatory requirements and support updates to actuarial models and processes where needed.
• Supporting the delivery of Technical Provisions, SCR and related actuarial reporting for Group in accordance with Bupa timetables and approved methodology, including engagement with MU/BU actuarial teams to support accurate and timely submissions and issue resolution.
• Performing and/or reviewing the analysis and associated investigations (and reports) to measure insurance risk including the calibration of the GSP for premium risk, in accordance with Bupa timetables and approved methodology.
• Performing and/or reviewing the analysis and associated investigations (and report) enabling the production of the annual Actuarial Function Holder's (AFH) report for Group, considering the adequacy of technical provisions, premium sufficiency, and appropriateness of reinsurance, in accordance with Bupa timetables.
• Performing analysis and associated investigations to deliver the annual Economic Capital Assessment (ECA) for Bupa Group to support business decisions. Assist the modelling and risk calibrations update process, methodology changes, analysis of change, sensitivity testing and validation of results which meets the data quality and model risk standards.
• Supporting the operation, control and documentation of actuarial tools, including Risk Margin and GSP calculators, TP consolidation and adjustment tools, IFRS 17 Risk Adjustment calculator, SCR models and ECA models, in line with relevant model risk and control requirements.
• Ensuring that all actuarial reporting work is undertaken in compliance with the relevant enterprise Policies and Standards, including but not limited to those relating to SII Data Quality, Model Risk, Insurance Risk, Regulatory Reporting & Disclosure, Expert Judgement and Materiality.
• Supporting Group’s planning and forecasting process, including stress and scenario testing and ensure the inputs properly reflect Bupa’s risk framework.
• Engaging with Group Finance, Market Unit teams and provide actuarial advice as appropriate.