Head of Actuarial

Admiral Group Plc; Cardiff; On-site; GBP 80,000 - GBP 100,000; Full time

Job summary

A leading insurance group in the UK is looking for a skilled Head of Actuarial to lead all actuarial activities. This pivotal role includes responsibilities for reserving, capital management, oversight in pricing, and strategic governance. Ideal candidates are qualified actuaries with significant non-life insurance experience and a strong technical background, able to communicate confidently with senior leadership. The position offers a supportive culture, diverse working environment, and comprehensive benefits including 33 days of holiday, increasing with tenure.

Benefits

Up to £3,600 of free shares each year

33 days holiday, increasing with tenure

Option to buy or sell additional days of annual leave

Recognition as a Great Place to Work

Qualifications

• Must hold a relevant actuarial qualification.
• Required significant experience in non-life insurance.
• Must have a strong technical background in various actuarial areas.

Responsibilities

• Lead actuarial function and governance processes.
• Own the reserving processes and deliver reports.
• Oversee capital management and regulatory reporting.
• Challenge pricing methodologies and oversee pricing.
• Lead actuarial support for M&A activities.

Skills

Qualified actuary (FIA, FCAS, or equivalent)

Experience in non-life (P&C) insurance

Strong technical background

Confident communicator

Strategic and hands-on approach

Job description

Overview

Who are Admiral Pioneer?

Disruptive. Customer Centered. Transformational.

Admiral Pioneer exists within Admiral Group as a venture studio, providing the greenhouse in which to grow new businesses. We’re leveraging Admiral’s strengths to deliver commercially strong businesses that answer the financial needs of new audiences and respond to emerging opportunities.

We seek to disrupt the markets we enter, taking a truly customer-centric approach. We achieve this by experimenting and proving new products, business models and partnerships through a disciplined, discovery-driven approach.

Role Purpose

We are looking for a strategic, forward‑thinking Head of Actuarial to lead all actuarial activity across Admiral Pioneer. This is a critical senior role, accountable for reserving, capital management, pricing oversight, reinsurance strategy, and actuarial governance.

Reporting directly to the CFO, you’ll play a key role in shaping financial performance, strengthening capital efficiency, and supporting our growth ambitions. You will also act as the senior actuarial representative to Admiral Group governance forums, ensuring our actuarial standards and processes reflect Group expectations and market best practice.

Key Responsibilities

Actuarial Function Leadership

• Build, shape, and lead a high‑performing actuarial function, establishing strong governance, controls, methodologies, and standards.
• Develop and grow an internal actuarial team over time.
• Provide senior actuarial advice to the CFO, Executive Committee, and Board.
• Lead engagement with regulators, auditors, and external actuarial partners.

Reserving

• Own the quarterly and annual reserving processes end‑to‑end.
• Lead delivery of Best Estimates, Risk Margins, and Solvency II Technical Provisions.
• Produce insightful analysis of reserve movements and deliver clear, high‑quality reporting for management and the Board.
• Chair and drive the Admiral Pioneer Reserving Committee.

Capital Management

• Lead capital modelling, solvency assessment, and regulatory capital reporting.
• Support capital planning, forecasting, and the setting of solvency targets.

Pricing Oversight

• Provide independent actuarial oversight and challenge of pricing methodologies.
• Ensure pricing reflects risk appropriately and supports capital efficiency and target returns.

Reinsurance

• Lead actuarial support for reinsurance strategy and programme design.
• Quantify the impact of reinsurance on capital, earnings volatility, and reserving.

FP&A, Strategy, and Growth

• Partner with FP&A to support planning, forecasting, and scenario analysis.
• Provide actuarial insight for new product development, MGA partnerships, and broader growth initiatives.
• Lead actuarial support for M&A and corporate development activity.

Governance & Board Reporting

• Deliver actuarial updates to the Admiral Group Board and Risk Committees.
• Ensure alignment with Admiral Group governance frameworks and regulatory requirements.

Essential Skills

• Qualified actuary (FIA, FCAS, or equivalent).
• Significant experience in non‑life (P&C) insurance.
• Strong technical background across reserving, capital, pricing, and reinsurance.
• Confident communicator with experience presenting to Boards and senior committees.
• Able to operate both strategically and hands‑on in a growing, entrepreneurial environment.

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people‑first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.

We’re proud of our people‑first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

Our fantastic benefits make sure our colleagues have a great work‑life balance; you can view some of our other key benefits.