Capital Actuary

Hastings Direct; London; Hybrid; GBP 50,000 - 90,000; Full time

Job summary

An innovative digital insurance provider is seeking a Capital Actuary to lead the development of their internal capital model. This role emphasizes robust capital management and regulatory compliance while driving innovation through advanced modelling techniques. As part of a forward-thinking finance team, you will collaborate with various departments to translate complex modelling outputs into actionable insights. This position offers a flexible hybrid working environment, competitive salary, and a comprehensive benefits package, including private medical insurance and a strong focus on employee wellbeing.

Benefits

Flexible working

Competitive bonus scheme

Private medical insurance

Life assurance cover

Income protection

Matched pension contributions

Mental wellbeing programme

27 days annual leave

Discounted health assessments

Social events

Qualifications

• Experience in capital modelling and internal model development.
• Strong analytical skills and proficiency in capital modelling software.

Responsibilities

• Lead the development of the group's internal capital model.
• Provide technical guidance on capital modelling to senior management.

Skills

capital modelling

internal model development

Solvency II requirements

analytical skills

communication of modelling results

knowledge of emerging technologies

Tools

ReMetrica

Igloo

Tyche

Job description

Capital Actuary

Location – London or Bexhill - Hybrid

Welcome to Hastings Direct

We’re a digital insurance provider with a clear strategy to become the best and biggest player in the UK market. As a company, we’ve made huge investments in our technology, pricing, data and analytics capabilities over the past few years, along with nurturing our 4Cs culture and substantial investment in our people. And as a Finance team, we're doing exactly the same – building a market leading finance technology platform, investing in our team and our approach to leadership development, with a real focus on commercially adding value to the business.

The fact you’re now reading this job advert means we’ve tempted you to find out more about #lifeatHD. If you like what you see, we hope you'll consider joining our team.

We have high standards and understand some people may not apply for jobs unless they feel they tick every box. If you’re excited about joining us and think you have some of what we are looking for, even if you’re not 100% sure, we would love to hear from you.

Role overview

We are seeking a forward-thinking Capital Actuary to join our Finance team within Hastings. In this position, you will lead the development of our Solvency UK group internal model, ensuring robust capital management and regulatory compliance while driving innovation through advanced modelling techniques.

Job details – you’ll need to have demonstrable experience in:

1. Drive the design, development, and implementation of the group's internal capital model
2. Coordinate the validation processes to ensure model reliability, accuracy, and compliance with regulatory requirements
3. Provide technical guidance on capital modelling to senior management
4. Translate complex modelling outputs into actionable business insights for strategic decision-making
5. Collaborate with risk management, finance, and underwriting teams to ensure integrated approach to capital management
6. Stay at the forefront of actuarial modelling developments, implementing best practices and innovative approaches
7. Manage a capital modelling team, fostering technical excellence and professional growth

Essential skills we would love you to have:

1. Solid experience in capital modelling
2. Demonstrable experience in internal model development within regulatory authorities ideally Insurance
3. Good understanding of Solvency II requirements and internal model approval processes
4. Proficiency in modern capital modelling software, e.g., ReMetrica, Igloo, Tyche
5. Strong analytical skills with ability to interpret and communicate complex modelling results
6. Knowledge of emerging technologies in actuarial science and their practical applications

The interview process

Our interview process involves the below:

1. Recruiter screening call
2. 1st stage interview with hiring leader
3. 2nd interview with hiring leaders leader

As a Disability Confident employer, we’re committed to ensuring our recruitment processes are fully inclusive – what this means to you is if you’re applying for a job with us, you’ll have fair access to support and adjustments throughout your recruitment journey. We also welcome applications through the Disability Confident Scheme (DCS). For more information on the DCS, please visit our inclusive business page on our careers website Diversity, inclusion, equality and fairness with Hastings Direct | Hastings Direct Careers.

Regrettably we are unable to offer sponsorship for this role.

Benefits: in addition to a competitive salary and £5k car allowance you will also receive:

• Flexible working – we champion a flexible hybrid working approach – please speak to your recruiter to discuss in more detail
• Competitive bonus scheme - all colleagues are eligible for our annual 4Cs performance bonus
• Physical wellbeing – as a Band 4 colleague, Hastings pay for you to receive private medical Insurance (also known as PMI). This gives you flexibility and convenience to see a specialist or consultant and allows you to decide when and where you will be seen
• Financial wellbeing – as well as providing you with 4x your salary with our life assurance cover, income protection at no extra cost, and matched pension contributions up to 10%, we are proud to provide you with an award winning package which includes – discounts, cashback, free independent mortgage advice and free access to financial wellbeing support
• Mental wellbeing programme – we have the thrive mental health app, our colleague assistance programme available 24/7, our own in-house mental health first aiders, support groups and a dedicated team to make sure we are covering your needs
• There's more! – 27 days annual leave + bank holidays, with the option to buy or sell one of your weeks, access to our health care cash back plans, dental plans, discounted health assessments, Cycle to work and tech schemes, discounted and free onsite facilities, social events throughout the year and much more.

Join us and you’ll find a different way of doing things. We call it the 4Cs. We focus on getting it right for our colleagues, customers, company and community. As one of our colleagues, you’ll be helping to drive our growth, so in return, we’ll give you all the support, training and development you need. Our 4Cs principles are simple: we believe by creating the right culture for our colleagues and giving them the right tools to do their job, we’ll deliver good outcomes for every customer, helping us to grow the company profitably and sustainably and allowing us to invest in the communities we serve.

At Hastings Direct, we’re committed to creating an inclusive environment where everyone has the opportunity to succeed. If you require any reasonable adjustments during the recruitment process, we encourage you to be open with us. Our recruitment team is here to provide the support you need to ensure a fair and accessible experience for all.

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