Associate Director, Reserving, General Insurance, Actuarial Insurance & Banking

Basic information
Location
Bristol, Edinburgh, Glasgow, London, Manchester
Business Line
Technology & Transformation
Job Type
Permanent / FTC
Date published
04-Feb-2025
Req #
19923
Job description
Connect to your Industry

Join Deloitte's leading Actuarial Insurance practice and apply your skills in projects reaching beyond traditional actuarial boundaries. You'll work with colleagues and clients in Audit, Tax, Consulting and Financial Advisory - exposing you to cutting edge actuarial work in a strategic, consulting and transactional context. Here you'll develop an impressive range of commercial consulting skills that will increase your career options and opportunities markets.

Connect to your career at Deloitte

Deloitte drives progress. Using our vast range of expertise, we help our clients' become leaders wherever they choose to compete. To do this, we invest in outstanding people. We build teams of future thinkers, with diverse talents and backgrounds, and empower them all to reach for and achieve more.

What brings us all together at Deloitte? It’s how we approach the thousands of decisions we make every day. How we behave, our beliefs and our attitudes. In other words: our values. Whatever we do, wherever we are in the world, we lead the way, serve with integrity, take care of each other, foster inclusion, and collaborate for measurable impact. These five shared values lead every decision we make and action we take, guiding us to deliver impact how and where it matters most.

Connect to your opportunity

As an Associate Director in our team, you'll work closely alongside Partners, Directors and Senior Managers and play a key role in influencing and shaping the strategic direction and development of the team, with the opportunity to:

Demonstrate your leadership capabilities to effectively manage diverse teams, with an inclusive culture where people are recognised for their delivery of client work
Support the leadership of client engagements and continue to develop strong long-term client relationships as a trusted business advisor in the General Insurance sector
Develop propositions and support the growth of our business
Leverage your existing, and develop new, trusted relationships with our clients, identifying and sourcing new opportunities for Deloitte
Play an active role in the recruitment and career development of more junior team members
Learn from the best in the Business
You will have responsibility for:

Building out Deloitte’s offerings across insurance audit (including, where relevant, Lloyd’s Statement of Actuarial Opinion), independent reserve reviews, M&As and transformation.
Managing client projects, ensuring timely delivery, high quality of outputs and managing or escalating risks and issues.
Defining client deliverables, plans and approaches.
Managing teams of more junior staff as part of a larger project, including performance management.
Having client contact, including dealing with queries, leading meetings and working on client sites.
Working with a range of Deloitte’s technology and vendor alliances and other business relationships.
Working as a leader and taking a role in supporting business development; and
Working with senior leadership to take accountability for a sub-area of our practice management roles, for example within brand, eminence, proposition development, operational excellence.
Our practice has both breadth and technical depth which is increasingly important in an ever-changing general insurance landscape. You can expect to be involved in a wide variety of assignments.UK Personal & Commercial lines and/or London Market and prior consulting experience is particularly desirable.

Actively contributing to a wide range of client projects of a technical actuarial nature.
Learning consulting skills with client facing opportunities and working with non-actuaries.
Taking responsibility for the delivery of packages of work to adequate time and quality considerations.
Managing small number of junior team members (c.1-5).
Identifying and suggesting next steps for risks and issues.
Contributing to business development and practice management activity, in conjunction with more senior team members.
Developing, mentoring, and coaching junior team members; supporting their continuing personal and professional development.
Our practice has both breadth and technical depth which is increasingly important in an ever-changing regulatory landscape. You can expect to be involved in a wide variety of assignments.
The key services that you be involved in include:

External
Audit Reserving (GAAP, Solvency II technical provisions, IFRS 17 reporting) across UK and global personal and commercial businesses and/or Lloyd’s and London Market. For Lloyds, this may include Statement of Actuarial Opinion engagements.
You are likely to be involved in:

Independent reserve reviews;
M&A due-diligence and transactions advisory;
Internal audit support; and
Other expert and advisory work.
In addition, you could be involved in projects such as:

Underwriting & Pricing Transformation.
Actuarial, Finance, Capital and Business Partnering transformation, including but not limited to: Post merger integration, cost reduction, modelling and process modernization, future proofing through AI/Gen AI etc.
Connect to your skills and professional experience

Essential:

Qualified Actuary or equivalent to qualified via experience.
Experience of the UK non-life insurance industry.
Strong reserving background, including experience across several lines.
Solvency II/UK, IFRS17 knowledge
Some capital modelling experience, standard formula or internal model knowledge
The ability to apply your knowledge in practical and commercial situations.
Track record of being able to take ownership of and complete packages of work or small projects successfully.
Team Management experience.
Self-starting; able to build rapport and relationships.
Ability to question established processes and deliver appropriate change.
Strong written and oral communication skills, able to present and lead discussions.
Desirable:

Practising Certificate (Chief Actuary or Lloyds Signing Actuary, dependent on industry focus and level of experience)
Connect to your business - Technology and Transformation

Distinctive thinking, deep expertise, innovation and collaborative working. That’s what connects us. That’s what makes us Deloitte. If you want to help solve some of the biggest tech and transformational challenges around, join us. Together, we’ll make an impact that matters.

Human Capital

People are what powers enterprise. That’s why we need to focus on the human experience in an ever-changing, digital world. We help clients utilise technology to support their workforce, organisation, and HR Transformations.

Personal independence

Regulation and controls are standard practice in our industry and Deloitte is no exception. These controls provide important legal protection for both you and the firm. We are subject to a number of audit regulations, one of which requires that certain colleagues abide by specific personal independence constraints (e.g., in relation to any financial interests and employment relationships). This can mean that you and your "Immediate Family Members" are not permitted to hold certain financial interests (shares, funds, bonds etc.) with audit clients of the firm, and also prohibitions on certain employment relationships (e.g., you are not permitted to hold a secondary employment role with SEC audit clients of the firm whilst being employed by the firm). The recruitment team will provide further detail as you progress through the recruitment process or you can contact the Independence team upon request.

Connect with your colleagues

“What attracted me to Deloitte were the endless opportunities and the collective experience of other like-minded individuals. Deloitte’s clients include many of the world’s largest organisations; I wanted to be part of a team that made a difference that I could be proud of.” - Dan, Technology & Transformation

Our hybrid working policy

You’ll be based in one of our UK offices with hybrid working.

At Deloitte we understand the importance of balancing your career alongside your home life. That’s why we’ll support you to work flexibly through our hybrid working policy. Depending on the requirements of your role, you’ll have the opportunity to work in your local office, virtual collaboration spaces, client sites and remotely. You’ll get the chance to meet face to face when needed, while you collaborate and learn from colleagues, share your experiences, and build the relationships that will fuel your career and prioritise your wellbeing. Please check with your recruiter for the specific working requirements that may apply for your role.

Our commitment to you

Making an impact is more than just what we do: it’s why we’re here. So we work hard to create an environment where you can experience a purpose you believe in, the freedom to be you, and the capacity to go further than ever before.

We want you. The true you. Your own strengths, perspective and personality. So we’re nurturing a culture where everyone belongs, feels supported and heard, and is empowered to make a valuable, personal contribution. You can be sure we’ll take your wellbeing seriously, too. Because it’s only when you’re comfortable and at your best that you can make the kind of impact you, and we, live for.

Your expertise is our capability, so we’ll make sure it never stops growing. Whether it’s from the complex work you do, or the people you collaborate with, you’ll learn every day. Through world-class development, you’ll gain invaluable technical and personal skills. Whatever your level, you’ll learn how to lead.

Connect to your next step

A career at Deloitte is an opportunity to develop in any direction you choose. Join us and you’ll experience a purpose you can believe in and an impact you can see. You’ll be free to bring your true self to work every day. And you’ll never stop growing, whatever your level.

Discover more reasons to connect with us, our people and purpose-driven culture at deloitte.co.uk/careers

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