Job Description
We are seeking a highly skilled and motivated Actuary to join our Group Actuarial Function on a 10-month fixed-term contract basis to cover a period of family-friendly leave.
About Us
Transact is a leading UK investment wrap platform for financial advisers and their clients. Our culture is collaborative, inclusive, and open-minded. We work hard to continually challenge the way we do things to maintain our market-leading status.
As a customer-centric and client-focused business, we put our clients—like the Miggins family—at the heart of everything we do. Our platform enables clients and their advisers to manage their financial portfolio in one single online place, supported by unrivalled personal service. Our goal is to make all aspects of portfolio management as easy and efficient as possible for everyone involved, through the features we develop, our integrations with other systems, and the support we provide.
- Our purpose: We enable the Miggins family and their adviser to hold their investments on a single platform across wrappers. We provide custody, tax wrapping, trading, and reporting.
- Our strategy: We make financial planning easier for advisers by delivering great service. Our platform helps advisers grow revenues and reduce risk and cost in their business. We will always have control of our technology, wrappers, and service.
- Our values: We do the right thing for customers, advisers, staff, shareholders, suppliers, regulators and the wider community.
Transact's parent company, IntegraFin Holdings plc, is listed on the London Stock Exchange and is a constituent of the FTSE 250 index. Established in 2000, today we have over £65.9 billion of funds under direction on behalf of over 8,000 advisers and 241,000 investor clients (as at March 2025).
Role Overview
Reporting directly to the Chief Actuarial Officer, you will play a pivotal role in delivering actuarial services that support the business objectives and meet regulatory requirements, with a particular focus on our two insurance entities.
You will be responsible for preparing and delivering actuarial work for financial and regulatory returns of the insurers, ensuring accuracy, timeliness, and adherence to governance frameworks. This role also involves producing actuarial information for the wider Group, supporting internal and external stakeholders with clear, well-understood insights.
Key Responsibilities of role
- Leadership and Direction
- Support in directing the Actuarial Function and leading the Actuarial team.
- Provide actuarial support across reserving, pricing, and other corporate areas for the insurers.
- Technical Delivery
- Ensure full understanding of methodologies, assumptions, and data quality.
- Maintain adherence to model and data governance frameworks.
- Regulatory and Financial Reporting
- Deliver actuarial aspects of Solvency UK (SUK) and Isle of Man Risk Based Capital (RBC) reporting.
- Produce quarterly and annual actuarial function reports and capital MI.
- Maintain all relevant SUK and RBC documentation.
- Modelling and Investigations
- Maintain internal capabilities for assumption setting and stress testing.
- Conduct investigations and recommend valuation bases.
- Enhance Prophet and other modelling tools for SUK/RBC reporting.
- Stakeholder Engagement
- Provide actuarial information to Finance and Risk Management teams.
- Manage external audit and peer review queries.
- Support broader business needs with actuarial expertise.
- Governance and Compliance
- Maintain actuarial controls and processes.
- Adhere to Actuarial Guidance from the Financial Reporting Council.
Candidate Profile
We are looking for an enthusiastic individual who meets the following criteria:
- Holds an internationally recognised actuarial qualification
- Educated to degree level, preferably in a numerate discipline
- Minimum 5 years of solid life Insurance experience
- Deep knowledge of SUK and its application in a life insurance context
- Strong experience in valuation and financial reporting
- Demonstrated actuarial modelling expertise (ideally with Prophet)
- In-depth understanding of investment and insurance products
- Familiarity with Transact and the wider investment platform market
- Strong intellect and analytical ability
- Ability to work under pressure and meet tight deadlines
- Highly autonomous, proactive, and conscientious, with excellent attention to detail
- Excellent interpersonal and communication skills, both written and verbal
Previous people management experience is advantageous but not essential.
Equal Opportunities
We provide a diverse and inclusive workplace and ensure that all of our staff respect and understand individual differences. We are an equal opportunities employer and positively encourage applications from suitably qualified and eligible candidates regardless of age, disability, gender reassignment, marital or civil partner status, pregnancy or maternity, race, religion or belief, sex or sexual orientation.