Actuarial Modelling Consultant

software alliance
London (Central)
Closing date
9 Jun 2023

View more

IT, Life insurance
Contract Type
Full Time
Qualified, Part qual (1-10 exams), Consultant


Software Alliance Limited (“SAL”) is a provider of cutting-edge software solutions to the life insurance industry, with a primary focus on financial modelling. SAL are in the process of redefining their future business strategy and are seeking an experienced financial modelling actuary to build a new client service offering.

Role Summary

Reporting to the Product Manager, the actuarial modelling consultant will be the face of a new consultancy service within SAL and will drive its growth. The individual will be responsible for supporting our customers in their efforts to maximise the effectiveness of the platform. This will involve developing and testing actuarial models.


Hybrid working environment


Primary Duties – Consulting

Based on client requirements, evaluate and recommend modelling strategies using the platform

Providing support to clients for all areas of actuarial modelling, including but not limited to:

  • Translation of Excel models onto the platform
  • Conversion of financial models from other platforms onto the platform
  • Creation of models from product specifications
  • Data validation
  • Unit testing
  • Review, improve or expand existing models
  • Performance optimisation of models
  • Documentation of models and associated components (e.g. data conversion and analytics solutions)

Project management ensuring budget, outcomes, timescales, quality and risks are actively monitored

Ensuring timely communication with client and internal stakeholders of any key risks, assumptions and dependencies

Provide training to model users to ensure solutions are embedded efficiently

Primary Duties – Product development

Developing standard models within to enhance the total product offering

Work with Product Manager to determine enhancements to platform features

Primary Duties – Sales responsibilities

Run demonstrations to prospective clients of the platform

Educate existing users on new software features

Increase awareness of the platform amongst peer group



Good commercial understanding of global life insurance industry & products

Knowledge of and ability to

  • apply actuarial concepts and techniques
  • identify key or unexpected outputs and investigate underlying issues

Model development experience using Prophet preferred

Model development experience using Prophet, RAFM / Moses, Tyche or VIP/R3S Modeler beneficial

Expert knowledge of life and pensions modelling

Good understanding of life insurance regulations IFRS17, Solvency II etc

Knowledge of project management methodology

Expert knowledge of Excel / VBA

Any knowledge of VB.Net or C# useful

Any experience of R and / or Python beneficial

Experience of not essential



  • Qualified or part-qualified actuary


Essential Skills

  • Good interpersonal and networking skills
  • Highly organised self-starter
  • Ability to organise, analyse and present data with attention to detail and accuracy
  • Big-picture thinker who can participate in strategic and operational discussions
  • Ability to influence at all levels – up to and including C-suite
  • Possess a mature, positive attitude in the face of ambiguity and change
  • Ability to manage workload and delivery to high standards


Personal Qualities

  • Ability to work autonomously
  • Team player
  • Personal Integrity
  • Conscientious



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