Capital Analyst

eFinancialCareers; Greater London; On-site; GBP 110,000 - 150,000; Full time

Job summary

Chaucer, a leading Lloyd's insurer, is seeking a senior Capital Management professional to support group and subsidiary capital policy, risk framework, and funding strategies. You will oversee capital reporting to key stakeholders and drive capital strategy development.

The role involves coordinating with China Re, Lloyd's, and Irish entities, and collaborating with I&T, CFO, and CRO for capital-efficient solutions including reinsurance and debt/equity planning.

Qualifications

• Relevant experience in financial services.
• Education: Part or fully qualified Actuary or Accountant; long standing experience accepted.
• Excellent Excel, PowerPoint and report writing skills; Bloomberg experience is a plus.

Responsibilities

• To assist the Deputy Head of Capital Management on annual capital planning reporting with China Re.
• To run quarterly and annual capital rebalancing and profit distribution with Lloyd's for Chaucer Syndicates.
• To own production of all capital reporting to Group Head of Investments & Treasury.
• To own all capital MI reporting to CFO, Exec Team, Finance & Investment Committee, Boards.
• To help formulate dividend policy to parent, working with China Re, Capital Modelling, Tax and Finance.
• To produce analysis and recommendations on optimal debt and equity composition of group capital stack.

Skills

Financial services experience

Workload management

Initiative / self-starter

Education

Part or fully qualified Actuary or Accountant

Tools

Excel

PowerPoint

Bloomberg

Job description

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.

Main duties

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.

Capital Management Strategy

• 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

• Relevant experience Proven experience working in financial services.
• Insurance industry experience (desirable)
• Technical skills Knowledge of capital processes and company balance sheets
• Excellent Excel, PowerPoint, report writing, Bloomberg skills
• 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.

ABOUT US

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.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).