Reinsurance Operations - day rate contract
Possible
Sponsorship likelihood
This employer issued few or no visas recently
Not disclosed
Salary
Not disclosed by employer
£55,100
Going rate
Skilled Worker going rate
This role likely qualifies for a Skilled Worker visa
SOC 2433 (81% match) is an eligible occupation, with a going rate of £55,100, and Oliver James is a licensed sponsor. That is our reading of the rules. Whether they issue a Certificate of Sponsorship is still their call.
We pick the code from the advert's text, so it is our best guess, not the employer's. Each code it could be has its own likelihood:
- Possible 2433 (Actuaries, economists and statisticians) · 81% match
- Possible 4132 (Pensions and insurance clerks and assistants) · 8% match
- Possible 3532 (Insurance underwriters) · 6% match
New graduate or PhD holder? Pick one of the lower rates.
What each route needs for this job
| Occupation code | New entrant 70% of going rate | STEM PhD 80% of going rate | Relevant PhD 90% of going rate | Standard rate 100% of going rate |
|---|---|---|---|---|
2433 Actuaries, economists and statisticians Most likely code | £38,600 | £44,100 | £49,600 | £55,100 |
4132 Pensions and insurance clerks and assistants Also possible | £33,400 | £41,700 | £41,700 | £41,700 |
3532 Insurance underwriters Also possible | £33,400 | £41,700 | £41,700 | £41,700 |
We use the lowest threshold across the plausible codes. Likelihood is Possible at most when the pay clears only a lower rate, or only under a less likely code. How the Home Office picks the code
About the role
Oliver James are recruiting on behalf of a UK based Life Insurer who are seeking multiple day rate contractors to support in a large-scale reinsurance project.
These are UK based day rate contracts; you must live and pay tax in the UK to be considered.
Role: building excel based cashflow models from defined benefit (DB) benefit specifications, ensuring policies are in line with their original terms.
Start: Q4 and Jan 2026 starts can be considered
Location: UK Based Remote/Hybrid
Required Experience:
▪️ FIA (or equivalent) - part-qualified and exam stoppers will also be considered providing you have ample industry experience
▪️ Strong understanding of DB Pension schemes
▪️ Excel Cashflow modelling (Premiums, claims, lump sums, collateral)
▪️ Reinsurance reconciliation experience
▪️ Prior experience in a similar position will be highly advantageous
If you are interested to discuss this opportunity further or would like a conversation about the market, please reach out to [email protected].
If you are a permanent or contracting Life Actuary considering relocation, we have a wide selection of UK/Europe/USA/Asia/ Bermuda & Caymans based opportunities working within the field, so please don't hesitate to get in touch for a confidential conversation.
This description is the source posting as it read when we added it. We are not affiliated with Oliver James, so check their own site for the current details.
Where this offer sits in the market
Actuaries, economists and statisticians (SOC 2433) · UK · ONS ASHE 2025 · basic pay · ~50k in sample- Middle half £41,496–74,724
- Median £52,052
- Going rate £55,100
- Threshold £41,700
- New entrant £38,600–49,600
Similar sponsored roles
See all UK visa jobsNo close matches live right now.
Browse more sponsored jobs at Oliver JamesAbout sponsorship for this role
Does this job guarantee visa sponsorship?
Not necessarily. Oliver James holds a sponsor licence, but sponsorship for a specific hire is always the employer's decision. Be upfront in your application that you'll require it.
What salary is needed for this role to be eligible?
The offer must clear both the general threshold and the SOC 2433 going rate of £55,100. New-entrant and shortage discounts can lower it.