Capital Actuary – 27803

TN United Kingdom; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking a qualified actuary to lead the development and maintenance of economic capital models. This role involves planning and delivering annual capital assessments, ensuring robust risk calibration, and engaging with key stakeholders across insurance and healthcare sectors. The successful candidate will have the opportunity to implement modelling changes and support critical business decisions related to risk appetite and capital allocation. Join a dynamic team where your expertise will contribute to shaping strategic financial outcomes in a collaborative environment.

Qualifications

• Newly or nearly qualified actuary with a focus on capital modelling.
• Experience in general, health, or life insurance sectors.

Responsibilities

• Plan and deliver annual capital assessments and maintain economic capital models.
• Support development and embedding of economic capital models for business decisions.

Skills

Economic Capital Modelling

Risk Calibration

Data Analysis

Stakeholder Engagement

Education

Qualified Actuary (e.g. IFoA)

Tools

Aon ReMetrica

Aon Tyche

Job description

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Key Duties (including but not limited to):

• Plan and deliver the annual capital assessment including developing and maintaining the Economic Capital Model for the Group and Insurance entity, with particular emphasis on the methodology, risk calibration, dependency/aggregation, validation and analysis of economic capital requirements
• Assist the modelling and risk calibrations update process, maintain the model documentations and prepare reports of the modelled results in line with the Enterprise Risk Policies and Standards
• Prepare the analysis and associated investigations to risk calibration models, participate in workshop discussions with key stakeholders in both insurance and healthcare provision businesses
• Implement modelling changes to the Capital Modelling platform (Aon ReMetrica) and ensure the underlying change processes are properly controlled, documented and reliably produce required outputs
• Support the development and embedding of Economic Capital models, enabling the capital models to be used as a tool to support business decisions including risk appetite review, investment strategy, capital allocation, capital optimisation and business scenario analyses

Qualifications required:

• Newly/ nearly qualified Actuary (e.g. IFoA)

Experience required:

• General, Health or Life Insurance background
• Previous exposure to capital modelling techniques and reporting
• Aon Re-Metrica or Aon Tyche software knowledge is an advantage, but not essential