Capital Modelling Analyst

  • 36635
  • Non-Life - Actuarial
  • |
  • England
  • |
  • Jan 17, 2020
Insurance
RESPONSIBILITIES
  • Supporting the parameterisation of the model, including participating in meetings with subject experts.
  • Assisting with the build, maintenance and running of the capital model.
  • Producing, interpreting and developing model outputs for various audiences and uses, including reinsurance purchase, business planning and capital allocation.
  • Assisting with the completion and submission of regulatory returns to Lloyd’s and the PRA.
  • Contribution to the validation of the model through carrying out and interpreting the results of sensitivity tests and other validation tools.
  • Assisting with the documentation of the model for internal and external purposes.
  • Supporting the completion of the quarterly technical provisions calculations and the corresponding regulatory reports.
  • Assisting in the completion of the standard formula return.
  • Ensuring the model change process is embedded and a proper audit trail is kept.
  • Identifying and improving efficiencies in existing processes and developing model enhancements.
QUALIFICATIONS
  • BSc in Mathematics or related field.
  • Good progress through the Actuarial exams.
  • At least 3 years of capital modelling and General Insurance experience, Lloyd’s preferred.
  • Detailed capital modelling software experience in ReMetrica/Igloo/Tyche.
  • Sufficient knowledge of stochastic modelling techniques and insurance to maintain, run and develop the capital model.
  • Understanding and experience of working with catastrophe model outputs and their integration into the capital model.
  • Excellent Excel skills.
  • Strong programming skills desirable.
  • Knowledge of PRA / Lloyd’s requirements.
  • Attention to detail and ability to work under pressure are a must.
  • Good interpersonal and communication skills.