Interim Actuarial Model Validation – Inside IR35 Contract

Working hours:

35 hours per week, Monday to Friday

Duration:

8 week contract, possibility to extend (Inside IR35)

Location:

Gloucester

About The Role

Benefact Group is looking for an Interim Actuarial Model Validation Contractor to join on an 8‑week, Inside IR35 contract on a hybrid basis. As a contractor you will support the provision of Actuarial Risk management across the Benefact Group.

What You’ll Be Doing

• Internal Model validation
• Run an annual “model outputs” validation report which delves into metrics including diversification benefit and comparison to standard formula
• Deep dive validation tests for targeted areas of risk
• Events Not in Data (within Underwriting and reserving risk)
• Latent claims (within reserving risk)
• Liaison with business areas to compile an Actuarial Function opinion on underwriting and pricing
• Independent review and challenge of business plan actuarial assumptions

What You’ll Need to Have

• Proven experience in model validation / model risk / independent model review
• Strong background in General Insurance – pricing, reserving, or capital modelling
• Qualified actuary (FIA or equivalent) preferred but not essential depending on experience level
• Experience in communicating with insurance business functions (across actuarial, underwriting and claims), identifying improvements and writing clear recommendations

We welcome applications from everyone.

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