Actuary - Financial & Insurance Risk

Overview

Scottish Friendly is an established, progressive mutual life insurance office based in Glasgow City Centre with a clear culture focused on customers and colleagues.

In this role you will receive exposure to senior stakeholders and collaborate with colleagues across multiple departments, understanding how your work contributes to the Society’s success.

Reporting to the Head of Financial & Insurance Risk, you will be involved in a wide range of risk and actuarial oversight activities.

• Work as part of the team to deliver the Pillar 2 methodology, models and ORSA results.
• Prepare the annual ICARA reporting for SFAM.
• Prepare quarterly risk reporting for submission to Executive and Risk Committees.
• Conduct in-depth risk assurance around key projects, asset management activities and product development.
• Manage the emerging risk identification process.
• Support the maintenance of the risk management framework, including setting risk appetite and risk policies.
• Help develop and maintain a clear risk culture.
• Build relationships with stakeholders across the business.
• Attend key committees and provide risk oversight.
• Present reports to a range of internal stakeholders.

The successful candidate will be a recently or newly qualified actuary with experience across a range of actuarial topics within the pensions, life insurance and/or savings sector. Strong attention to detail, a risk‑based mindset and financial modelling experience—including testing and documenting—are essential.

• Recognition awards: win exciting prizes, including one week’s annual leave plus £3,000 spending money.
• Refer‑a‑friend scheme: earn rewards for bringing talented friends to our team.
• Annual leave: 25 days (rising to 28 with service) plus 8 bank holidays; options to buy or sell extra days.
• Employer pension contribution: 10% of salary; 4× group life cover.
• Getting around: access to cycle‑to‑work scheme, Electric Vehicle scheme
  * and travel loans.
• Wellbeing: 24/7 GP access, EAP, private healthcare and free legal/financial advice, plus a range of savings at top retailers.

Hybrid model with up to three remote days per week, totalling 35 hours per week Monday to Friday.

We are committed to creating an inclusive environment where all colleagues feel valued, respected and represented. If you require any accommodations during the application process, please don’t hesitate to let us know.

Location:

Glasgow City Centre, Scotland, United Kingdom.

Seniority level:
Mid‑Senior level.

Employment type:

Full‑time. Job function:
Finance.