Capital Analyst

Chaucer Syndicates Ltd; Greater London; Hybrid; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Flexible hybrid work model

Medical insurance

Life insurance

Pension

Flexible holidays

Wellbeing support

Job summary

Chaucer Syndicates Ltd. seeks a senior Capital Management professional to oversee group and subsidiary capital policy, reporting, and strategic capital planning. You will drive capital structure decisions, debt planning, and regulatory reporting, coordinating with the CFO, Exec Team, and Lloyd's.

The role covers execution of capital strategy, dividend planning in collaboration with partners, and alignment of investments with capital needs, with a flexible hybrid work model.

Qualifications

• Proven experience in financial services and capital management.
• Experience with Lloyd's, China Re and group capital reporting is desirable.
• Knowledge of capital processes and company balance sheets.

Responsibilities

• Support annual capital planning, reporting and approval cycles with Lloyd's and China Re.
• Own capital reporting to CFO, Exec Team and Boards, plus regulatory and rating agency submissions.
• Develop and analyse optimal capital structures and debt/equity mix for the Group and subsidiaries.
• Assist or lead debt structuring initiatives and capital policy development.
• Coordinate with Investment & Treasury to align capital plans with cash flow and investment needs.

Skills

Financial services experience

Insurance industry experience

Capital reporting knowledge

Education

Actuary or Accountant qualification

Job description

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com

Job summary

This role is primarily responsible for helping the management of Chaucer's capital both at a group level and an underlying subsidiary level. This includes helping on the following: formulating the capital policy; the related risk framework; the dividend strategy; debt equity composition strategy; corporate structure planning; underwriting entity available capital plans and then the execution and oversight of said strategies. All capital management related reporting to boards, Finance & Investment Committee, Exec Team, regulators, parent company and other stakeholders is included in the remit.

Capital Management Execution

• To assist the Deputy Head of Capital Management on the annual capital planning reporting and approval exercise with China Re.
• To run the quarterly and annual capital rebalancing and profit distribution exercises with Lloyd's for the Chaucer Syndicates.
• To run any capital rebalancing exercises for the Irish underwriting entity.
• To assist or run the execution of any debt structures, be it tier 1 or tier 2 solutions, liaising with lawyers and banks.
• To own the execution as required on any capital restructuring per the agreed capital strategy.

Capital Reporting

• To own production of all capital reporting to Group Head of Investments & Treasury.
• To own all capital related MI reporting including to the following stakeholders: CFO, Exec Team, Finance & Investment Committee, Boards.
• To own all capital related reporting to China Re including all regular reporting and ad-hoc request.
• To own all regulatory and statutory capital related reporting including Lloyd's returns, group financial statements, local returns.
• To own all the submissions to rating agencies.
• To own all return on capital reporting and analysis.
• To help produce the Capital Policy, with the related risk framework, and submission for approval from the relevant Committees and Boards.
• To work with the Deputy Head of Capital Management and Group Head of Investments & Treasury on formulating and analysing optimal capital structures for the Group and subsidiaries within.
• To help create a longer-term capital management plan for the Group including equity from parent and debt.
• To help create a capital plan for the underwriting entities: For the Lloyd's of London business understanding and planning for the Lloyd's capital cycle and for the Irish business understanding the rating agency and CBI requirements.
• To help formulate the dividend policy to parent, working closely with China Re, Capital Modelling, Tax and Finance.
• To work closely with the Group Head of I&T, CFO, CRO and Capital Modelling team in formulating capital efficient solutions, including reinsurance contracts (both intergroup and external), during the business planning process.
• To produce analysis and recommendations to the Group Head of I&T and CFO on optimal debt and equity composition of the group capital stack
• Produce relevant papers seeking approval from Boards, Finance & Investment Committee, Execs, parent company as required to approve of any strategy changes.
• To help produce the debt strategy, identifying key banks and their capacity to lend.

Other responsibilities

• To be a key contact for all capital related queries from China Re
• To be a key contact for Lloyd's of London on all capital related matters.
• To work closely within the Investment & Treasury team to understand future investment and cash flow needs and adjust the capital plans accordingly.
• To be the main contact on capital planning f0r the capital modelling team.
• Whilst this role is primarily capital focused we envisage helping the Deputy Head of Investments on pulling together investment analysis on occasion.

Our requirements

• Proven experience working in financial services.
• Insurance industry experience (desirable)

Technical skills

• Knowledge of capital processes and company balance sheets

Education & Experience

• Part or fully qualified Actuary or Accountant (long standing experience will be accepted)

Personal skills

• Highly motivated and confident individual with positive work ethic
• Excellent at managing own workload and working on own initiative.

We offer:

A flexible hybrid work model that supports individual and team needs.

A diverse, inclusive culture that values people for who they are.

Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.

Why Join Chaucer?

Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk.

We have shown strong financial success with our Gross Written Premiums growing from $1.4bn in 2019 to $3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.