ALM Investments Insurance Actuary

• A leading asset manager is looking to appoint a qualified actuary (circa 3–6 years’ PQE) to join a specialist team working closely with UK life insurance clients on investment, balance sheet and ALM-related solutions.
This is a genuinely different opportunity for a UK life actuary who enjoys technically deep work, wants to stay close to insurance balance sheets and regulation, and is interested in applying actuarial expertise in a client-facing, investment-focused environment rather than a traditional insurer or consultancy role.
The role The successful candidate will support the delivery of investment, hedging and ALM solutions to UK life insurers, working alongside senior stakeholders across investment, structuring and client teams. Responsibilities will include:
• Providing actuarial and balance-sheet insight to support investment and ALM solutions for UK life insurance clients

• Contributing to analysis around Solvency UK, capital, and regulatory constraints, including the Matching Adjustment

• Supporting the development of hedging strategies across rates, inflation and related risk exposures

• Producing high-quality technical and thematic content, including peer analysis, regulatory commentary and client materials

• Engaging directly with insurance clients and helping build the firm’s profile in the UK insurance market


Candidate profile They are looking for a Fellow of the IFoA with:
Essential
• UK life insurance actuarial experience

• Strong understanding of Solvency UK and insurers’ regulatory balance sheets

• Familiarity with the Matching Adjustment and its impact on investment and ALM decisions

• Clear understanding of ALM challenges facing UK life insurers (particularly annuity writers and consolidators)

• Ability to communicate complex actuarial concepts clearly to non-actuarial stakeholders


Desirable
• ALM experience or a strong balance sheet-focused background

• Exposure to derivatives, hedging or investment strategy

• Understanding of IFRS 17 (helpful but not essential)


This role would suit an actuary coming from life insurance consulting, a BPA insurer, or a capital / investment-focused actuarial team, who is keen to broaden their exposure, work closer to investment decision-making, and build a more outward-facing profile.
For a confidential discussion, please apply / contact:  [email protected].