Chief Actuary UK

Wakam is a European B2B2C insurer that designs white label general insurance (GI) products for its partners (e-retailers, brokers and fintechs/insurtechs, ...). Our insurance solutions are embedded within the products orservices offered to the end- customer. Wakam operate in 32 countries across Europe with most of the revenues generated outside of France. Most of our products are delivered through API and hosts white label insurance solutions via our Play&Plug platform. Since March 2021, we are a Mission-driven company. We defined 9 concrete commitments to illustrate thismission, such as writing our insurance contracts in plain language. We also create insurance products at cost for associations. Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact! Hungry for freedom? Thirsty for autonomy? If you are curious, then the Wakam adventure might be made for you! Main Tasks & Responsibilities Responsible for the reserving, reinsurance and capital management strategies in the UK, in partnership with group functions Maintaining oversight of the Company’s actuarial and reinsurance function in accordance with the Company's Terms of Reference and managing, leading and developing the actuarial, capital management and reinsurance function The design and delivery of actuarial models, processes and systems Overseeing the validity of modelling data, stress-testing and ensuring robust controls are in place Reinsurance portfolio analysis, annual plans and oversight Making recommendations regarding solvency, reserve levels, capital assessment and provision Co-ordinating the calculation of technical provisions Ensuring the appropriateness of the methodologies and underlying models used, as well as the assumptions made in the calculation of technical provisions Assessing the sufficiency and quality of the data used in the calculation of technical provisions Comparing the best estimates against experience Informing the governing body of the reliability and adequacy of the calculation of technical provisions Overseeing the calculation of technical provisions Expressing an opinion on the overall underwriting policy and the types of customers which the Company is prepared to accept Contributing to the effective implementation of the risk management system, in particular with respect to the risk management underlying the calculation of the solvency capital requirements and minimum capital requirements and the Company's ORSA Ownership of key risks in accordance with the Risk Management Framework and Policy; and ensuring that actuarial systems are properly maintained and supported. Your profile Significant experience in the UK in a similar role for a non-life insurer, and ideally already holding SMF20 A Fellow of a relevant Actuarial Society Strong technical and analytical skills with a global view of finance/actuarial/underwriting subjects Leadership and managerial proficiencies, with the ability to influence both direct and matrixed reporting relationships. Good problem solver with the ability to understand business drivers and needs and be able to balance desired outcomes against potential risks and challenges. Highly developed analytical and problem-solving skills. Recruitment process: Screening interview with Charlotte, Talent Expert Technical & fit interview with Aurélie, Pricing Officer Leadership fit interview with senior executive team member HR culture fit interview with Laura, Head of Talent & Aurélien, VP People & Culture Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth! You have the Wakam mindset? Join us! More about us Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact on the transformation of insurance! Hungry for freedom? Thirsty for autonomy? If you are adventurous and like challenges, then the Wakam adventure might be made for you! Discover -on our website- who we really are with the 11 cultural markers that so well describe us! What we are looking for Mindset compatibility with our ‘Free to Impact’ culture: Think big Biased for action Curious and eager to learn Can say no and find solutions Aims for the moon (but please don’t stick on the moon) And above all: have fun working together 🤜🤛 ! Good to know Wakam is not based on a hierarchy but on a methodology where everyone finds his role and knows his objectives. With a flat hierarchical system and a highly collaborative operating model, Wakam is an extremely agile and transparent company. Every last Friday of the month, it's Free.day at Wakam, a day without meetings to take a step aside and dedicate ourselves to skills sponsorship or other activities (because we are curious, I remind you). Full-remote is a reality at Wakam (there is even one Wakamee who works from his sailing boat ⛵) Last but not least : we are nice and we have fun! (you'll find out by yourself 😉)