Job Category: Actuary
Job Type: Full Time Hybrid
Job Location: London
About the Role
This position reports to the Head of Capital Modelling and involves maintaining and developing Capital Models across multiple syndicates and entities. The role offers exposure to senior stakeholders and cross-functional collaboration to ensure the Capital Model reflects changes in the business’s risk profile. There are also opportunities for investigative work and contributing to strategic initiatives.
Key Responsibilities
Capital Modelling Leadership:
- Develop, parameterize, document, and run internal capital models.
- Produce regulatory capital reports for global authorities.
- Represent the capital modelling function in governance processes.
- Support senior leadership in capital planning and management activities.
- Embed capital modelling insights into business decisions, including planning, portfolio optimization, growth strategies, and reinsurance purchases.
Specialized Workstreams:
- Lead submissions for Standard Formula, Lloyd’s Capital Return (LCR), or Lloyd’s Standard Model (LSM) and associated documentation.
- Collaborate with internal teams such as underwriting, finance, and risk management; communicate capital modelling outcomes effectively.
- Support IMAP submissions for new syndicates, ensuring regulatory compliance and engagement.
- Contribute to policies and documentation related to Internal Models.
- Assist in model validation and respond to findings or feedback promptly.
- Support evaluations of new business ventures, including Strategic Partner Syndicates.
- Conduct solvency capital assessments in line with Lloyd’s and Solvency II/Solvency UK guidelines.
Team Management:
- Lead parameterization efforts for new classes within models.
- Manage direct reports, fostering their growth through training and mentorship.
What We’re Looking For
- Capital Modelling Expertise: Strong technical background with experience in capital modelling methods and software (preferably Tyche or similar).
- Problem Solving and Innovation: Inquisitive, creative approach to overcoming challenges.
- Communication Skills: Clear written and verbal communication tailored to diverse audiences.
- Work Ethic and Balance: Self-motivated, capable of delivering high-quality work while maintaining personal and team wellbeing.
- Professional Qualifications: Fully qualified FIA or equivalent (or working towards).
- Lloyd’s Market Experience: Familiarity with its structure, operations, and lines of business.
- Commitment to Learning: Staying informed on industry trends, regulations, and best practices.
- Training and Mentoring: Passion for guiding and developing junior team members.
This role is ideal for someone seeking to make a meaningful impact in a dynamic environment, combining technical expertise with strategic contributions.
