Capital Modelling Analyst

  • 37778
  • Life - Actuarial
  • |
  • England
  • |
  • Jul 22, 2020
Insurance
RESPONSIBILITIES
  • Support the maintenance and development of the internal capital model under the SII regime.
  • Understand and comply with all Internal Model policies to ensure that Internal Model processes are fully embedded in the business as required under Solvency II.
  • Support the production of the SCR and other regulatory submissions.
  • Assist with the parameterisation of the Internal Model to ensure that it is appropriately calibrated to the 99.5th percentile.
  • Produce timely output to support the implementation of the Risk Management Framework and the Capital Policy.
  • Support the production of all necessary reports.
  • Assist with the calculation of the SII Standard Formula.
  • Feed into regular reviews of current capital modelling methodologies, processes and technology is in place and participate in the implementation of any necessary enhancements.
  • Establish and maintain effective working relationships within the business departments.
QUALIFICATIONS
  • Excellent overall educational background, with 2:1 or First degree in mathematics or a closely related subject.
  • Part qualified actuary making good progress through the actuarial exams.
  • Able to work independently, manage own workload and act on own initiative where appropriate.
  • Sound commercial understanding.
  • Good communication skills with the ability to establish and maintain effective working relationships.
  • Advanced IT skills.
  • Capital modelling experience is preferred but not required.