Job Description: Capital Modelling Actuarial Analyst Hybrid working with 3-4 days per week working from home Angel Court, London Permanent Salary circa £50K per annum dependent upon experience Full time 35 hours per week We consider all types of flexibility, including locations, hours and working patterns. We make health happen: Our Actuarial teams play a key role in helping us deliver on our strategy. Whether your focus is pricing, reserving, modelling or another area we believe in allowing our colleagues to work in a way that suits them. Giving them the time and freedom to keep our customers at the heart of every decision. We don't have shareholders at Bupa, which means we're free to invest our profits where they matter: our patients, our facilities, our research, and you. Your input will support Bupa to deliver on our purpose, helping people live longer, healthier, happier lives. We are looking for a Capital Modelling Actuarial Analyst to join our Group Actuarial team. How you’ll help us make health happen: As an experienced actuarial analyst, you will gain experience of the wider aspects of health insurance and provision business beyond UK. You’ll draw on your analytical skills to support the Senior Capital Actuary to deliver key Group Finance & Governance outcomes: Efficient, consistent and compliant actuarial capital modelling processes are in place and embedded throughout Bupa globally. Bupa’s Board and Executive are provided with actuarial analysis and insight to support business steering and transaction assessment. Bupa has appropriate actuarial capabilities to achieve Bupa’s purpose. This is a broad role in which you will collaborate with many other teams across Bupa’s global businesses and enjoy significant exposure to our senior leadership – including our Group Chief Actuary. As a Capital Modelling Actuarial Analyst, you will support the actuarial work to meet the following objectives: Improvement of delivery of Bupa’s Economic Capital Assessment (ECA), with particular emphasis on the calculation and analysis of economic capital, risk calibrations, stress and scenario testing and the assessment of capital risk appetite. Deliver the Economic Capital Assessment for reports to the Executive, Board and Bupa’s regulators (e.g. ORSA Report, Stress and Scenario Testing). This will entail working alongside other Group Finance & Governance teams, local actuarial and finance teams. Support the implementation of initiatives to improve the economic capital modelling capabilities of Bupa (e.g. process efficiency, data quality control) and to ensure regulatory compliance. Support the implementation of initiatives to accelerate revenue growth and optimise Bupa’s risk profile (e.g. internal and external reinsurance optimisation, M&A activities). Be familiar with capital adequacy regulations to ensure Bupa complies with all relevant regulatory requirements; drive continuous improvement in capital models, data transformation, methods and assumptions, process and controls. Produce an environment of continuous improvement to ensure that all actuarial work is conducted to the highest possible standard in the most efficient manner. Continually engage with the actuarial community across the group in a step-by-step and strategic manner to enable the actuarial community to efficiently develop, communicate and share knowledge. Additional experiences and skills we are looking for: Part-qualified Actuary (4-7 exam passes IFOA) with experience in general insurance, life & health insurance, or consultancy Significant modelling and regulatory reporting experience, and strong understanding of Solvency II regulations with focus on capital modelling requirements. Excellent knowledge of Excel, Word and PowerPoint; proficiency in coding using Python and/or R is desirable but not essential. Aon ReMetrica, Tyche or Igloo modelling knowledge is an advantage but not essential. Excellent written and oral communication skills, including experience in the preparation of presentations and papers for Executives and Boards. Good understanding of financial controls, validation and importance of data integrity. Strong focus on detail and accuracy. Proactive mindset and ability to work independently. Strong ability to manage and prioritise day-to-day activities as delegated. Ability to coach junior members of the team. Ability to adapt to changing and ambiguous situations whilst delivering high quality results. Benefits Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health – from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family friendly benefits. Joining Bupa in this role you will receive the following benefits and more: • 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 Why Bupa? We’re a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose – helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do. We encourage all of our people to “Be you at Bupa”, we champion diversity, and we understand the importance of our people representing the communities and customers we serve. That’s why we especially encourage applications from people with diverse backgrounds and experiences. Bupa is a Level 2 Disability Confident Employer. This means we aim to offer an interview/assessment to every disabled applicant who meets the minimum criteria for the role. We’ll make sure you are treated fairly and offer reasonable adjustments as part of our recruitment process to anyone that needs them. If you require information regarding this role in an alternative format please email: careersbupa.com Time Type: Full time Job Area: Finance & Accounting Locations: Angel Court, London