Actuarial Capital Analyst- Managing Agency/ Multi- Lines International Insurer

Reference

VAC-1021


Sector

Actuarial


Salary

£40,000 to £65,000 Per Annum


Benefits

Excellent Bonus and Benefits and Full Actuarial Study Support


Town/City

City of London


Contract Type

Permanent

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Job 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 various validation tools.

Assisting with the documentation of the model for internal and external purposes.

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.

Supporting the completion of the quarterly technical provisions calculations and the corresponding regulatory reports. Assisting in the completion of the standard formula return.

Required Skills/Experience

Open to capital modelling backgrounds- Tyche, Remetrica or Igloo will all be considered

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

Knowledge of PRA / Lloyd’s requirementsAttention to detail and ability to work under pressure are a must

Good interpersonal and communication skills

Circa 2 years+ of capital modelling and General Insurance experience, Lloyd’s preferred.

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