Actuarial Analyst

AXIS Capital; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance and reinsurance firm in London is looking for a professional to join their Capital Modelling team. This role involves updating and developing internal models, delivering capital assessments, and ensuring robust reporting. Candidates should have at least one year of experience in an actuarial risk environment. Strong analytical abilities and excellent communication skills are essential for success in this position, which entails some on-site presence at the office.

Qualifications

• Minimum of 1+ year’s in-depth experience in an actuarial risk environment.
• Experience using capital modelling simulation software is preferred.
• Ability to plan, organise, and prioritise workload.

Responsibilities

• Monitor and report on AXIS’ risk profile.
• Complete management and regulatory reports.
• Collaborate with teams to assess reinsurance arrangements.
• Carry out model updates and ensure transparency.

Skills

Computer literacy

Strong attention to detail

Communication skills

Analytical skills

Tools

Tyche

Igloo

ReMetrica

Job description

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This role works within the Capital Modelling team, supporting the Head of Model Reporting with all uses of the Internal Model, which is built on the Tyche software platform.

This includes updating and developing the internal model, delivering Lloyd’s capital assessments, and other model uses required to support the business.

Job Responsibilities

Model Use

• Monitoring and reporting of AXIS’ risk profile
• Completing management and regulatory reports
• Collaborating with ceded reinsurance and third-party capital teams to assess outwards reinsurance/retro arrangements
• Pricing of internal reinsurance covers
• Analysing investment strategy
• Allocating capital and analysing return on capital
• Undertaking ad hoc investigations where required

Model Updates, Development, Validation & Documentation

• Carrying out model updates and developing the internal model to appropriately reflect the business being written
• Analysing and communicating changes in results to ensure that the modelling is transparent and robust
• Understanding the inputs, outputs, and limitations of the model and related external models, such as those for economic and catastrophe scenarios
• Maintaining documentation on the rationale for selection and alteration of parameters within the model
• Ensuring that all actuarial aspects of internal model validation are met, and evidence is available for relevant stakeholders

Leadership and relationships

• Presenting and explaining results and decisions to management
• Engaging with other teams and stakeholders to ensure timely delivery of results
• Working alongside and sharing knowledge with other members of the capital team

About You

Required Qualifications and Experience:

• Minimum of 1+ year’s in-depth experience, ideally in an actuarial risk environment

Other Desired Skills & Characteristics

• Highly computer literate, able to use spreadsheets, databases, and learn the use of new systems
• Experience in using capital modelling simulation software such as Tyche, Igloo, or ReMetrica is preferred but not essential
• Additional coding experience is a plus
• Enthusiasm to ask questions and fully understand the work we carry out and its implications for the business
• Ability to plan effectively and organise and prioritise workload; strong attention to detail
• Ability to structure analyses and modelling coherently and clearly
• Capable of developing and maintaining effective relationships at all levels
• Excellent communication skills, both oral and written

Role Factors

In this role, you will typically be required to:

• Be in the office 3 days per week