Job Introduction

Do you enjoy solving problems and using your technical skills to analyse data? Whether you are a recent graduate or simply looking for a career change, we have an exciting opportunity to join our Actuarial team as our new Capital Actuarial Analyst!

As our new Capital Actuarial Analyst, you will be supported by our wider Actuarial team to deliver best in class analysis to support capital modelling, alongside supporting the implementation of actuarial models with both internal and external stakeholders.

Role Responsibility

As our new Capital Actuarial Analyst, you will also:

• Support the delivery of annual capital assessment for MPS discretionary business for use in financial planning and decision making
• Support the development of the capital model used for the annual capital assessment
• Work with actuarial colleagues to deliver the annual capital model update and to continually improve the capital model including parameterisation and validation.
• Collaborate with actuaries across the capital and reserving function on actuarial projects. The level of involvement will depend on resourcing needs and the role holder’s interests.
• Ensure that the quality of data used in the actuarial processes is of the highest standard and reconciles to source data from the data warehouse
• Stay abreast of best practice to ensure that all actuarial work is of the highest standard and improve the use and understanding of actuarial analysis within MPS

The Ideal Candidate

We are looking for:

• Degree-level qualified in a relevant discipline including but not limited to Finance, Mathematics, Statistics, Data Science, Economics or Computer Science
• Excellent Excel skills
• Excellent problem-solving skills
• Attention to detail
• An ability to quickly learn and adapt to the appropriate tools to enable rapid data extraction, manipulation and report generation
• Knowledge of programming languages and their application particularly in a data science and statistics context would be advantageous but is not essential
• Ability to present data, analysis and conclusions clearly both orally and in a written format

This is a fantastic opportunity to step into the actuarial world, whether you are a recent graduate who has secured a relevant degree, or maybe someone with transferable skills who fancies a career change.

We’re not looking for the finished article since training will be provided to the right candidate, but what is important is strong communication skills, an inquisitive nature, being analytically minded and keen to develop. The successful candidate will be assigned a ‘buddy’ to support their induction. Completing the actuarial exams is not mandatory although study support will be provided for those who do wish to progress towards qualification.

We welcome applicants from all backgrounds, and we encourage you to apply even if you feel you do not match 100% of the technical requirements. We celebrate diversity, promote inclusivity and strive to create a work environment which ensures everyone can be heard.

Package Description

Alongside a competitive salary as stated above, you will also receive:

• Up to 10% discretionary annual bonus
• Annual performance-related pay review
• 11% pension contribution (3% from you, 8% from us – optional additional matched 3% contributions, e.g. 6% from you, 11% from us)
• 25 days annual leave plus flexible bank holidays (option to buy/sell additional 5 days)
• Private Medical Cover
• Career development and progression opportunities – 22% of our vacancies in 2023 were filled internally
• A truly flexible hybrid-working arrangement (take a look at below to find out more about how we work)
• A culture that promotes inclusivity, wellbeing and rewards hard work
• Car Salary Sacrifice scheme
• Healthcare cash plan
• 6x salary death in service
• A personal GP service enabling you to get a video consultation with a NHS-registered private GP
• Employee Assistance Programme
• A range of shopping discounts from major high-street retailers

About the Company

Medical Protection Society (MPS) is the world’s leading protection organisation for Doctors, Dentists and healthcare professionals. We protect and support the professional interests of almost 300,000 Members around the world.

We are a not-for-profit organisation, meaning our Members’ premiums are kept safe should our Members require support for complaints or claims arising from professional practice, or invested into bettering the organisation, our colleagues and our products.

Our philosophy is to support safe practice in medicine and dentistry by helping to avert problems in the first place. We also actively campaign for regulatory and legal reforms that benefit Members and the wider healthcare professions.

To do this, we need colleagues who are trusted and supported to deliver their best work, whether that be through leadership development, fully-funded training courses or peer-to-peer support. We want our colleagues to feel empowered enough to deliver positive change, display ambition to push themselves and are determined when faced with a challenge, whilst ensuring our Member’s best interests are at the core.

Next Steps

If you are interested in finding out more, looking for a new role and want to join an organisation that truly values its employees, take a look at the role profile to find out more about the role to apply.

Our Talent Acquisition team are always on hand should you have any questions, are having any technical issues or wish to understand how MPS can support you with your application and interview. You can contact our friendly Talent Acquisition team by emailing careers@medicalprotection.org

Medical Protection Society