Senior Capital Modelling Actuary

  • 37780
  • Non-Life - Actuarial
  • |
  • England
  • |
  • Jul 22, 2020
Insurance
RESPONSIBILITIES
  • Maintain and develop the internal capital model for the Group and its companies under the SII regime and lead the delivery of the production of SCR submissions.
  • Lead the development and enhancement of the company Internal Model/s.
  • Play a leading role in the development and approval of the Internal Model.
  • Help manage the relationship with all relevant regulatory bodies with respect to capital modelling.
  • Promote model use and in particular ensure the model continues to be used in all material strategic analyses.
  • Ensure that the model is used in the other key risk areas of investment and exposure management and their models are fully integrated with the Internal Model.
  • Lead the annual parameterisation process for underwriting risk.
  • Comply with appropriate policies to ensure that Internal Model processes are fully embedded in the business as required under Solvency II.
  • In conjunction with Finance, produce reports in respect of capital adequacy.
  • Provide oversight of data relating to the Internal Model ensuring that it is reliable and of sufficient quality, quantity and breadth to ensure its validity in relation to company’s disclosures on risk.
  • Ensure the capital model produces timely output to support the Group Risk Management Framework.
  • To oversee the SII processes and project manage the production of the SII submissions.
  • To establish and maintain effective working relationships with other business departments.
  • Work to ensure that all necessary reports are provided.
  • Work to manage the overall workload and workflow of the team.
  • Provide training and support to the members of the capital modelling team.
QUALIFICATIONS
  • High quality communication skills enabling complex ideas and concepts to be explained succinctly to stakeholders.
  • Competent in managing own workload and working on own initiative and in project managing delivery from multiple teams.
  • Track record of success in an insurance organisation, applying rigorous risk disciplines with high standards of delivery in a timely, cost effective way.
  • Comprehensive knowledge of capital modelling techniques and disciplines as well as a firm grasp of the commercial drivers and dynamics affecting capital in the Insurance sector.
  • Knowledge of Tyche and advantage.
  • Experience of regulations and attitudes to management practice in relation to Risk. Strong understanding of the prospective requirements of Solvency II.
  • Excellent business awareness, with a consultative/strategic approach.
  • Sound commercial understanding.
  • At least 5 years of relevant experience in a relevant role.
  • Experience of managing more junior members of staff an advantage.
  • Qualified actuary or equivalent experience / qualification.