Capital Modelling Actuary

  • 41226
  • Non-Life - Actuarial
  • |
  • England
  • |
  • 5 days ago
RESPONSIBILITIES
  • Assist in the production and delivery of regulatory and economic capital requirements
  • Run capital models to assess and explain the capital implications of commercial underwriting and strategic business decisions as required.
  • Produce and develop management information for the interpretation and presentation of modelled results to various stakeholder groups, including Risk and Model Working Groups and ad-hoc forums with senior management.
  • : Assist in the ongoing development and parameterisation of the Internal Model in response to internal findings, validator recommendations, or changes in risk profile and industry best practice.
  • · Validation & Limitation Management: Support the validation of model outputs and assist in the assessment, escalation, and remediation of limitations in capital modelling methodologies, processes, and results.
  • · Governance & Documentation: Maintain Internal Model documentation and adhere to rigorous controls in line with Solvency II, UK, and international regulatory standards.
  • · ORSA & Risk Integration: Assist the Risk function in the production of the Own Risk and Solvency Assessment (ORSA), including analysis of risk aggregations, changes in risk profile, and comprehensive stress and scenario testing.
  • · Strategic Risk Optimization: Work closely with the Risk function and underwriting teams to advise on the integrated use of the Internal Model in strategic risk management processes.
QUALIFICATIONS
  • · Background: General Insurance Actuarial background with proven working experience in a Capital, Pricing, or Reserving role.
  • · Modeling Expertise: Direct experience in the parameterisation of stochastic underwriting or reserving risk.
  • · Qualified or near-qualified actuary
  • · Advanced command of Word, Excel, and PowerPoint; demonstrated computer programming
  • · Experience with stochastic modeling of insurance and other complex financial risks.
  • · Formal experience in project delivery and stakeholder management.
  • · Hands-on proficiency with Igloo, ReMetrica, or equivalent specialized capital modeling software.
  • · Solid understanding of the Solvency II, UK, and Lloyd’s regulatory frameworks.
  • · Statistical qualifications or an Enterprise Risk Management / CERA examination pass.
SALARY
  • 80-115k GBP