Overview

Capital Actuary

Permanent

Our client is looking to hire a Capital Actuary to join their team in their London based office on a Permanent basis.

Ref: 49240

  • Location: London
  • Category: Non-life Actuarial
  • Type: Permanent
  • Pay Range: Competitive Salary

Overview

Key Duties:

  • Responsible for assisting the Head of International Capital Modelling in all aspects of capital modelling for the European entities with a particular focus on the Lloyd’s syndicate
  • Key areas of responsibility will involve regular updates to the capital model, reporting of capital results to the business and enhancements and development to the model. The individual will also assist in embedding key model uses across the business and submitting capital returns. The individual will play a key part in meeting the increasing demands from the business, contributing to the continuous enhancement of the capital model and to the overall development of this high-profile business function
  • Direct Reports: 1
  • Line Manager: Head of Capital Modelling
  • Capital Submissions. Assist in the completion of regulatory submissions to both Lloyds and the PRA and quickly grow to take responsibility for such items. Deal with queries from the validation team and the regulator
  • Management information. Develop and maintain data visualisations which assist model users and management to interpret model inputs & outputs and their wider impact. Present at relevant committees to keep management fully abreast of capital modelling issues while also enhancing the reputation of the team and getting buy-in
  • Manage an actuarial analyst and generally support the development of junior members of the team. Expected to maintain a clear view and action plan for upcoming deadlines while also fostering the development of the analyst
  • Update model inputs in a timely and transparent manner. Attention to detail is required to adhere to a “first time right principle” which is key to meeting sometimes challenging deadlines
  • Co-ordinate and execute calculation/update of key model variables and parameters including large loss parameters, reinsurance and the catastrophe model inputs
  • Model development. Take responsibility for the initiation and delivery of new modelling techniques and processes. The capital model is continuously evolving with all team members encouraged and empowered to problem solve and drive enhancement to the model
  • Model use. Contribute to embedding key model uses across the business including: Strategic Risk Metrics, RI analysis, evaluating new LoBs, asset allocation, etc.
  • Compliance and documentation. Assist with ensuring the model is compliant with model governance including Model Change Policy. Ensure model documentation is current and that latest regulation is promptly incorporated
  • Attendance and participation in training and events to increase the intellectual capital of the actuarial department

 

Other Skills:

  • Superior organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously whilst retaining a high degree of attention to detail
  • Excellent written and verbal communications skills. The business has a superior understanding of the capital model so the candidate will need to be able to talk confidently and concisely about it and its place in the wider picture
  • High personal standards with a desire to achieve excellence. The successful candidate will be expected to add value by improving items on which they work rather than simply repeating tasks as performed previously
  • Committed to the role with willingness to take accountability
  • Proven problem-solving abilities
  • Willing to work beyond the contractual hour of 9 to 5 when required
  • Used to working independently and be able to successfully deliver assigned tasks without need for manager’s intervention e.g. chasing on deadlines, sending things back for revision, etc.

Qualifications required:

  • Nearly / newly qualified actuary preferably with Capital Modelling

Experience required:

  • A minimum of three years of actuarial work experience or related experience
  • Ideally candidates should have managerial experience
  • Knowledgeable of industry changes, legal updates and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
  • Programming aptitude / experience, particularly Python and R

Consultant

Rebecca Gibson

Director, General Insurance

T: ‭020 3867 9857

Email me

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