Job role: Associate – Actuary

Company: Augment Risk

Location: UK

Position Type: Full-Time

Reports to: Chief Analytics Officer

Augment Risk is a global capital risk solutions intermediary, partnering with clients to structure and place innovative solutions. We specialize in bespoke risk transfer strategies, leveraging deep expertise across geographies and disciplines, including Structured Reinsurance, MGA, ILS, Legacy, Parametric, and Captives. Our trusted, boutique approach combines agility, transparency, and creative thinking to deliver optimal outcomes for our clients.

The role:

We are seeking an Associate – Actuary to join Augment Risk. This role offers strong exposure to both the analytical and transactional sides of the business, with a focus on structuring and placing reinsurance programmes and delivering efficient capital outcomes for clients.

You will work closely with brokers and clients, supporting deal execution while contributing to portfolio analysis, pricing, and strategic advisory. The role also provides the opportunity to support the development of internal models, tools, and the broader technology strategy, while mentoring junior team members.

Key Responsibilities:

• Support the structuring and placement of reinsurance programmes, focusing on optimal and efficient capital solutions for clients

• Analyse client portfolios to inform pricing, structuring, and strategic recommendations

• Prepare clear, concise, and high-quality analytical materials for client discussions and market engagement

• Collaborate with brokers, clients, and reinsurers to execute transactions and respond to queries in a timely manner

• Provide insights on portfolio performance and support ongoing client advisory work

• Contribute to the development and enhancement of actuarial models and analytical tools

• Support the development of the team’s technology and data strategy

• Manage, mentor, and develop junior analysts, including reviewing work and supporting their technical and professional growth

• Support ad hoc analytical and strategic projects as required

Experience:

• Minimum 5 years’ experience in actuarial or related analytical roles within the reinsurance/insurance space.

• Strong analytical and problem-solving skills, with high proficiency in Excel and PowerPoint essential 

• Progression through actuarial exams is highly desirable

• Strong programming skills (e.g., Python, SQL, or similar) desirable

• Understanding of reinsurance structures, pricing, and capital management is advantageous

• Excellent communication skills, with the ability to present complex information clearly and concisely

• Ability to manage multiple projects simultaneously with strong attention to detail

• Collaborative mindset with the ability to work effectively across internal and external stakeholders

• Experience mentoring or supporting junior team members is a plus

Why work for us:

We will provide you with the opportunity to be inventive and innovative, we love challenging industry norms.

You will work in a multi-disciplinary environment, collaborating closely with talented individuals within a flat structure.

You will be trusted and encouraged to take ownership and accountability.

We adopt a work from anywhere approach. Our colleagues and clients are globally distributed which means flexibility is key to delivering great client outcomes, and that’s what matters to us.

We believe in rewarding success, and we want everyone to share in the value we create – therefore, all our employees are offered equity.

We look after our people and their loved ones. Our employee benefits are designed with that in mind.

Augment Risk is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

Ready to make a difference? 

As a fast-growing company, our culture is centered around innovation, collaboration, and ownership. This is an opportunity to take the initiative, bring ideas that will matter and be heard, and be involved in making impactful decisions, all while contributing meaningful work to the company’s success, which is of course highly recognized and rewarded. 

We ensure to build transparency into our culture to foster trust and high engagement. Open communication, shared ideas, clear decision reasoning, along with a strong and constructive feedback culture ensures our employees feel empowered and informed.

Within this dynamic environment, you will be wholeheartedly supported by your skilled and talented colleagues. We are seeking like-minded individuals aligned with this culture, to not only shape and grow the role, but be a huge part of our exciting journey ahead. If you feel well aligned to all the above, making this a great match for you, go ahead and apply now!

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