Actuary – Actuarial Department

About Numisma Group:

Numisma Group is an independent, EU-regulated investment firm offering specialized services in private equity fund management, portfolio management (stock market investments), and actuarial consulting. Our actuarial team has extensive experience in the insurance industry. The actuarial services we offer to our clients include, but they are not limited to, actuarial valuations, pricing, product development, advice, and reporting. We pride ourselves on transparency, customized solutions, and active involvement in delivering tangible results to our clients.

Role Overview:

We are currently seeking a motivated and analytically minded individual to join our actuarial team at our Nicosia office. This position is suited for someone with a strong foundation in actuarial work and a desire to further develop their technical and professional skills within the general insurance sector. It is ideal for an individual who enjoys working with data, applying quantitative methods, learning new tools and concepts, and taking ownership of meaningful analytical tasks within a structured and supportive environment.

The successful candidate will collaborate closely with our team of actuaries, data analysts, and professionals across a broad range of activities. Core responsibilities will include developing and maintaining models, preparing and analysing datasets, supporting reserving and portfolio performance monitoring, and assisting in other actuarial and risk management activities.

This position offers an excellent opportunity for someone looking to deepen their experience in actuarial techniques, general insurance analytics, and risk management practices. With exposure to diverse workstreams and the chance to work alongside experienced professionals, the role provides significant scope for growth, increased responsibility, and long-term career development.

Key responsibilities:

• Support the pricing and ongoing development of our general insurance products by analysing claims data, underwriting performance, and market trends.
• Assist with reserving activities, including the calculation of technical provisions and IBNR, and contribute to quarterly and annual actuarial reporting.
• Participate in Solvency II processes, including the preparation of regulatory submissions and actuarial inputs for the ORSA.
• Evaluate and analyse reinsurance arrangements to ensure optimal capital efficiency and portfolio performance.
• Contribute to data analysis and modelling initiatives, helping improve actuarial tools and monitor portfolio results.
• Prepare clear, well-structured actuarial reports and collaborate effectively with management, underwriting, finance, and other key stakeholders.

Desired Skills & Qualifications:

• Bachelor's degree in Actuarial Science, Mathematics, Statistics, Finance, or a related quantitative field.
• Progress toward a recognised actuarial qualification (i.e., IFoA or equivalent).
• 4–5 years of experience in general insurance, reinsurance, or actuarial consultancy (reserving, pricing, or Solvency II exposure is an advantage).
• Strong analytical skills with proficiency in Excel; experience with actuarial or statistical tools (e.g., R, Python, SQL) will be considered an asset.
• Familiarity with Solvency II and regulatory reporting requirements in Cyprus or the EU.
• Strong communication skills, with the ability to explain technical concepts to non-technical audiences.
• Ability to work efficiently within a team.
• Proactive, hands-on attitude with the ability to learn quickly.
• High attention to detail, strong organisational skills, and the ability to work both independently and as part of a team.
• Fluency in English.

Why Join Numisma Group?

• Strong actuarial team with qualified and part-qualified actuaries, data analysts and varied technical expertise.
• Collaborative environment where actuarial and analytical skills are combined to deliver high-quality work.
• Experienced actuarial leadership that maintains high technical standards across the team.
• Professional and friendly culture with easy interaction across all levels of the organisation.
• Flexible working arrangements, including the option to work from home.
• Growing actuarial practice with an expanding client base and service offering.

What we offer:

• Competitive salary based on qualifications, experience, and skills.
• Annual Leave of 23 days.
• Private Medical Insurance and Provident Fund (after the end of the probation period).
• Annual discretionary bonus.

Application procedure and deadline:

• Please send your resume via email to , with subject: "
  Recruitment_ Actuary (General Insurance)_December 2025
  ".
• Resumes will be accepted until
  Wednesday, 31st of December 2025
  .

Disclaimer:

• Please note that only candidates selected for interview will be contacted.