This job is no longer live. View all current jobs on Actuarial Careers.

Angel Court, London

Hybrid working options with up to 3 days per week working from home

Permanent, Full Time

£80K – £100K + fantastic benefits including 10% Management Bonus Scheme

Full time 35 hours per week

Here you’ll be welcomed. We champion diversity and we understand the importance of our people representing the communities and customers we serve. You’ll find an inclusive environment where you can be yourself and where everyone is driven by the same purpose – helping people live longer, healthier, happier lives and making a better world.

Bupa’s purpose is to help people live longer, healthier, happier lives and making a batter world, our Actuarial teams play a key role in helping us deliver on our purpose. In 2019 we appointed a new Chief Actuary, under their leadership we’ve expanded our team and invested in our colleagues, delivering great results for our business.

We believe our Actuarial team shapes the future of our company. With colleagues covering pricing, reserving, modelling and much more they help future proof our business, all the while keeping our customers at the heart of every decision.

As our Senior Development Actuary, you’ll be utilising all your data analytics and modelling skills (R, Python, SQL & Psycle) to drive transformation within our actuarial functions as we embark on significant change.  You’ll help Bupa to better serve our stakeholders by adding more commercial value. This role has a clearly defined career path providing a gateway to a “head of” within 2-3 years.

What you’ll do:

The role holder will be accountable for, and will support the Actuarial Transformation Director in delivering the following objectives:

  • Lead the actuarial model development and re-development of actuarial reporting processes, data requirements, methodology and reporting analytics (IFRS/GAAP, IFRS 17 and Solvency II) by identifying improvements, developing and maintaining technical specifications and model documentation;
  • Manage the required model change testing, UAT and dry run activities;
  • Support the development of actuarial capability – claims reserving and the development of technical provision cash flows projection models and related business analytics, support the development of economic capital modelling and SF SCR calculations;
  • Support the development of model change management and governance, liaising effectively with MU/BU stakeholders to align programme-BAU governance; and once the model change governance is established, work closely with MU/BU teams to manage and monitor model changes and ensure appropriate governance is followed;
  • Support the implementation of insurance risk policy and related standards, with particular focus on setting best practices to support embedment of new Psycle modelling tool and related processes and controls;
  • Support the development of Actuarial Data Store (ADS) and related business requirements and actuarial analytics;
  • Provide technical guidance to local Actuarial and Finance teams in support of the roll-out of the new Psycle tool, ADS and the enhancement of insurance cash flows modelling capabilities (business planning and forecasting);
  • Prepare and deliver presentations and internal training to Group and local teams;
  • Support the programme governance committees where necessary and contribute to general project management, e.g. identifying and escalating project risks.
  • Drafting of steering committee and technical committee slides/papers covering model transformation results, related assessment against design specifications;
  • Maintain collaborative and effective working relationships with other workstream leads;
  • Develop a strong project to BAU relationship with both the Group and local Actuarial and Finance functions, ensuring collaborative consultation throughout the modelling and process implementation stages;
  • Support Group Actuarial team and wider Group/MU/BU teams with continuous improvements to ensure that all actuarial work is conducted to the highest possible standard in the most efficient manner;
  • Facilitate actuarial best practice sharing – Actuarial Seminars, Group Actuarial induction programme as part of Group Finance Learning, Group Actuarial share point for group-wide actuarial community, overseeing Group Actuarial’s Continuous Professional Development (CPD) requirements, Technical Actuarial Standards (TASs) and Actuarial Professional Standards (APSs).

Qualification, Experience and Attributes

The role holder must be an experienced professional who has the following qualification and attributes:

  • FIA or qualified actuary with good relevant experience;
  • Proven track record of delivering and managing actuarial projects;
  • Strong written and verbal communication skills;
  • Strong analytical and critical thinking skills with attention to detail;
  • Relevant and transferrable skills and experience in actuarial, financial reporting, solvency and capital modelling, validation and analysis;
  • Good management skills with a drive-for-results mentality, a positive and focused mindset and the ability to multi-task;
  • Ability to adapt quickly to project demands, adopting the goal of achieving a “win-win” situation with internal team members and with other key stakeholders;
  • Proactive individual with can-do attitude who can challenge and improve existing processes and methodologies;
  • A good team player, comfortable working across teams and with non-actuarial professionals.

Freedom of Action

The role holder must be able to make their own decisions, where delegated to by the line manager, pro-actively owning the approach to and delivery of Group Actuarial outcomes. The job holder will be responsible for structuring the day-to-day activities, in agreement with the line manager, and managing all required inputs from across the programme and BAU teams.


Net assets: £8bn

Revenue: £13bn

Profit before tax: £500m

Why Bupa?

We are a health insurer and provider. With no shareholders, our customers are our focus. We reinvest profits into providing more and better healthcare for the benefit of current and future customers.

Our benefits are driven by what matters to our people. It’s important to us that these benefits support a work-life balance that keeps people healthy, both mentally and physically. You will be eligible for:

  • 25 days holiday, increasing through length of service, with option to buy or sell
  • Bupa health insurance as a benefit in kind
  • An enhanced pension plan and life insurance
  • Annual performance-based bonus
  • Onsite gyms or local discounts where no onsite gym available
  • Various other benefits and online discounts

Diversity and Inclusion

Bupa is committed to making sure that every applicant is assessed solely on personal merit and qualifications. We actively celebrate the diversity of our colleagues and provide an inclusive environment so you can bring your true self to Bupa. We’ll make sure you are treated fairly. That’s why we’re happy to offer reasonable adjustments as part of our recruitment process to anyone that needs them.

Whether you’ve found your feet or are discovering a new path.

Welcome to a place that celebrates you.

This isn’t where you’ve been.

This is where you’re going.

This is what we have belief in.

  • Job Type: Experienced Job
  • Experience Level: Senior Qualified
  • Job Reference: R1134728
  • Location: Central London
  • Contract Type: Permanent
  • Employment Type: Full Time
  • Date Posted: 07 Jun 2023
Back to Top

Get the latest jobs