Who are we?

Wakam is a B2B2C insurance company that creates white-label insurance solutions via its Play&Plug® technology platform for more than 150 distribution partners. We provide most of our insurance products through API, and hosts white label insurance solutions via our Play&Plug technology platform.

With a footprint spanning 32 countries and revenue of more than €900 million in 2023, mostly generated outside France, Wakam is the European leader in digital and embedded insurance.

Strongly committed to social responsibility, Wakam is a mission-driven company dedicated to “enabling transparent and impactful insurance".

Job Description

Join our team at Wakam as a Capital Management Actuary, where you'll play a crucial role in supporting our UK subsidiary with regulatory reporting requirements and building new business. This is a pivotal role for the sub, with significant impact on our business strategy.

Key Responsibilities:

Capital Management:

• Operate and understand the standard formula calculation.
• Demonstrate a strong understanding of the drivers of capital and peer review the output of the capital management model.
• Work on projects involving the implementation of innovative modelling and automation tools.
• Develop and maintain a robust capital management framework to ensure compliance with regulatory requirements and support business growth.

Risk Assessment:

• Conduct risk assessments to identify, assess, and mitigate risks to the company's capital position.
• Develop stress testing scenarios to evaluate the impact of adverse events on the company's capital adequacy.

Additional Responsibilities:

• Collaborate with various teams to provide insights and recommendations on capital management and risk assessment.
• Contribute to the development and implementation of strategic initiatives to enhance the company's capital position and support growth objectives.
• Stay updated on regulatory developments and industry best practices related to capital management and risk assessment.

Profile requirements:

Qualifications & Skills:

• Qualified Actuary with UK qualification (FIA, FFA, or equivalent) and several years of post-qualification experience.
• Strong understanding of the standard formula calculation, with expertise in theory and quantitative aspects.
• Experience in non-life (P&C or retail) insurance.
• Proficiency in MS Office Tools and experience with industry capital modelling tools an advantage.
• Experience working with Solvency II requirements and regulations.

Soft Skills/Cultural Fit:

• Excellent verbal and written communication skills, with the ability to explain complex concepts to non-technical stakeholders.
• Diplomatic and agile, comfortable with constant change and ambiguity.
• Innovative thinker, with the ability to think on their feet and develop creative solutions to complex problems.
• Flexible and adaptable, with a proactive approach to learning and development.

Role opportunities:

• Blank canvass to setup a processes for capital management and risk assessment of the firm.
• Limited data requiring a collaborative approach to make important decisions, requiring creativity and innovation.

Why Join Wakam UK:

• Dynamic and innovative company culture.
• Opportunity to work on challenging projects from the ground up and make a significant impact on the business.
• Supportive and collaborative team environment with opportunities for growth and development.
• Opportunity to work with highly experienced team of seasoned industry professionals

Interview process

1. Screening video interview with Talent recruiter
2. Manager video interview with UK Chief Actuary & VP Capital & Reinsurance
3. Cross video interview with UK Chief Risk Officer & Head of Compliance
4. Face-to-face HR & fit interviews with UK HR Manager & UK Chief Actuary

Positive energy, agility, and team spirit are essential to support Wakam in its hyper-growth!

You have the Wakam mindset? Join us!

More about us

Our culture? Free to impact. A culture where everything is possible, where all ideas are taken into consideration, where everyone has an impact on the transformation of insurance! Hungry for freedom? Thirsty for autonomy? If you are adventurous and like challenges, then the Wakam adventure might be made for you!

Discover on our website who we really are with the 11 cultural markers that so well describe us!

Mindset compatibility with our ‘Free to Impact’ culture:

1. Think big
2. Biased for action
3. Curious and eager to learn
4. Can say no and find solutions
5. Aims for the moon (but please don’t stick on the moon)
6. And above all: have fun working together 🤜🤛 !

• Wakam is not based on a hierarchy but on a methodology where everyone finds their role and knows their objectives.
• With a flat hierarchical system and a highly collaborative operating model, Wakam is an extremely agile and transparent company.
• Every last Friday of the month, it's Free.day @Wakam, a day without meetings to take a step aside and dedicate ourselves to skills sponsorship or other activities (because we are curious, I remind you).
• Full-remote is a reality at Wakam (there is even one Wakamee who works from his sailing boat ⛵) with our Wakam From Anywhere (WFA) program.
• Last but not least : we are nice and we have fun! (you'll find out by yourself 😉)

At Wakam, we are committed to fostering an inclusive environment where diversity is celebrated. If you require any reasonable adjustments during the recruitment process, please feel free to reach out to your recruiter.