LOCATION: GLOUCESTER

About the role
Benefact Group are looking for a Commercial Actuarial Manager - Life to join our Gloucester office on a part time basis.
You will play a pivotal role in shaping the strategic direction of a growing niche life insurer. Working closely with the CEO, you will lead market research and evaluation of new business opportunities. Your actuarial expertise will be instrumental in product development and evaluating prospects and optimal strategies, ensuring the company’s offerings remain competitive and aligned with regulatory and financial requirements.
Why join us?
Join a collaborative and inclusive culture that’s committed to making a difference and building a more sustainable future. Ranked amongst the UK’s top 50 Best Large Companies to Work For in 2024, we offer fantastic career and development opportunities within a rapidly growing, innovative Group—where all profits go to charity and good causes.
What makes you stand out
A broad knowledge of investments, particularly in relation to life insurance strategies
Expert knowledge in Solvency II and the frameworks governing life insurers
Understanding of IFRS17 and other key metrics used by life insurers
Previous experience of managing projects and delivering board level insights
A keen interest in strategy and business development
What we offer
A competitive salary - let’s discuss it
Hybrid working
Group Personal Pension - up to 12% employer contribution
Generous annual bonus scheme between 7.5-30%
Full time equivalent 28 days annual leave plus bank holidays, and a holiday buy and sell scheme
An array of health and wellbeing benefits, including private healthcare, income protection and life assurance
£200 annual personal grant to a charity of your choice
Encouraged to take at least one volunteering day per year
Employee Assistance Programme
Full study support to gain professional qualifications
Access to virtual GP
Enhanced maternity and paternity pay
Hear from the hiring manager
As Commercial Actuarial Manager, you will play a pivotal role in shaping the strategic direction of a growing niche life insurer. Working closely with the CEO, you will lead market research and evaluation of new business opportunities. Your actuarial expertise will be instrumental in product development and evaluating prospects and optimal strategies, ensuring the company’s offerings remain competitive and aligned with regulatory and financial requirements.
About us
Benefact Group is a unique international financial services Group made up of over 30 businesses. We are owned by a charity and have been the 3rd largest UK corporate donor over a decade*, having given away £250 million since 2014. We have ambitious plans to become the UK’s number one corporate donor, with strategic objectives in place to double the Group’s size.
We believe it’s essential to attract, empower, grow and reward talented people, offering fantastic opportunities for career and personal development. Our giving ethos, 135-year history and the diversity of what we do, has enabled us to build a culture of kindness, great ambition, and of passionate people driven to do better and be better.
At Benefact Group, we are committed to creating an inclusive culture and building an environment where each and every one of us feels valued and respected. We are a community made up of people with a range of different backgrounds, abilities, perspectives, beliefs and interests and we value the strength this brings to us as a Group. We welcome applications from everyone.

IF YOU NEED ANY ADDITIONAL SUPPORT DURING THE RECRUITMENT PROCESS, THEN PLEASE LET US KNOW.

• Directory of Social Change’s UK Guides to Company Giving 2017-26

Please refer the Job description for details