R&R Lead Actuary

Job Description:

Head of Actuarial Reporting & Capital (R&R Lead Actuary)

London ideally (with occasional travel to other UK offices)

Hybrid
Permanent
Full-time

Closing date: Tuesday 2nd September 2025

We make health happen

At Bupa, we're here to help people live longer, healthier, happier lives - and make a better world. As a global healthcare leader with no shareholders, our customers are at the heart of everything we do. That means we reinvest profits into better care, better experiences, and better outcomes.

This role is a key part of that mission. As Head of Actuarial Reporting & Capital, you'll lead the actuarial reporting and capital agenda for Bupa Insurance Services Limited (BISL) and Bupa Insurance Limited (BINS), helping us maintain strong financial foundations and deliver on our promise to customers. You'll shape how we manage risk, report performance, and plan for the future - all while supporting a culture of collaboration, care and continuous improvement.

Key responsibilities

As Head of Actuarial Reporting & Capital , you'll:

• Lead the delivery of Solvency II and IFRS17 technical provisions for BINS and the Bupa Global Insurance UK (BGIUK) Market Unit.
• Set and maintain methodologies, processes, and controls for actuarial reporting, including risk margin, best estimate assumptions, and data validation.
• Oversee the calculation and monitoring of regulatory capital requirements, including the Standard Formula and Economic Capital Model.
• Provide actuarial insights and reports to senior stakeholders, including Board Committees and the Group Actuarial team.
• Review and consolidate regulatory submissions and internal reporting, ensuring accuracy and compliance.
• Support the Chief Actuary in forming opinions and deputise in key governance forums when needed.
• Build strong relationships across actuarial, finance, and commercial teams to ensure alignment and data integrity.
• Mentor and support junior team members, helping to build a high-performing and inclusive actuarial community.

What we're looking for

We're looking for someone who combines deep technical expertise with strong leadership and communication skills. You'll need to be:

• A qualified actuary with at least 10 years of post-qualification experience.
• A member of the Institute and Faculty of Actuaries (or equivalent).
• Experienced in Solvency II, IFRS17, and capital modelling - ideally within health, life, or general insurance.
• Skilled in stakeholder management, with the ability to influence at all levels.
• Commercially aware, with a strong understanding of risk, regulation, and business strategy.
• A confident communicator who can explain complex ideas clearly and simply.
• A collaborative leader who supports others and helps teams thrive.
• Adaptable and proactive, with a track record of delivering results in fast-paced environments.
• Experience with vendor reserving software and working in multinational or complex organisations is a plus.

Benefits

Our benefits are designed to make health happen for our people. Viva is our global wellbeing programme and includes all aspects of our health - from mental and physical, to financial, social and environmental wellbeing. We support flexible working and have a range of family-friendly benefits.

Joining Bupa in this role, you'll receive the following benefits and more:

• 25 days holiday, increasing through length of service, with option to buy or sell
• Enhanced pension contributions
• Private medical insurance (Family cover)
• Target bonus of 25% based on individual and company performance
• Access to our Viva wellbeing programme
• Discounts on Bupa products and services
• Opportunities for career development and learning

Why Bupa

We're a health insurer and provider. With no shareholders, our customers are our focus. Our people are all driven by the same purpose - helping people live longer, healthier, happier lives and making a better world. We make health happen by being brave, caring and responsible in everything we do.

We encourage all of our people to "Be you at Bupa". We champion diversity and understand the importance of our people representing the communities and customers we serve. That's why we especially encourage applications from people with diverse backgrounds and experiences.

Bupa is a Level 2 Disability Confident Employer. This means we aim to offer an interview/assessment to every disabled applicant who meets the minimum criteria for the role. We'll make sure you're treated fairly and offer reasonable adjustments as part of our recruitment process to anyone that needs them.

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