Capital Modelling Actuarial Analyst

MSIG Europe; Greater London; On-site; GBP 45,000 - 65,000; Full time

Job summary

A leading insurance firm in Greater London seeks a Quantitative Analyst to support its Capital Management team. This role involves maintaining Economic Scenario Generators, analyzing asset portfolios, and providing insights for strategic planning. The ideal candidate will have a degree in mathematics, enjoy stakeholder collaboration, and thrive in a technical environment. MSIG Europe values diversity and offers flexible working options, making it an attractive place for professional growth.

Benefits

Collaborative team environment

Flexible working options

Access to wellbeing support

Ongoing learning opportunities

Qualifications

• A degree in a subject with mathematical content is essential.
• Prior experience in modelling is ideal.
• Experience with SQL and Tyche is an advantage.

Responsibilities

• Maintain the Economic Scenario Generator for regulatory and internal purposes.
• Analyse asset portfolios for risk alignment and performance assessment.
• Review reinsurance structures for capital efficiencies.
• Support annual planning with capital modelling insights.
• Contribute to deep-dive reviews for capital efficiency.
• Assist in producing annual reporting deliverables.

Skills

Quantitative analysis

Problem-solving skills

Stakeholder engagement

Adaptability

Education

2:1 university degree in a mathematically-inclined subject

Tools

SQL database management systems

Tyche

Job description

We’re looking for someone interested in quantitative/actuarial analysis and investment instruments. You will have the opportunity to develop experience with industry established risk engines and develop market risk modelling within a Solvency II approved Internal Model.

About The Job

What you’ll spend your time doing:

This role sits within the Capital Management team and supports MSIG Europe’s Internal Model and Standard Formula Solvency Capital Requirements (SCR).

Key Responsibilities Include

• Running and maintaining the Economic Scenario Generator (ESG), ensuring it is accurately calibrated and fully integrated into the Internal Model for both regulatory and internal reporting purposes.
• Analysing the asset portfolio of MSIG Europe to ensure alignment with the company’s risk appetite, while also assessing valuation and performance of those assets.
• Reviewing and validating reinsurance structures to identify potential capital efficiencies, and carrying out sensitivity and stress testing.
• Supporting the annual strategic planning process by providing capital modelling insights for setting next year’s financial targets, including Loss Ratio and Return on Capital analysis.
• Leading or contributing to deep-dive reviews to enhance capital efficiency across different risk types within both the Internal Model or Standard Formula.
• Assisting with various annual reporting deliverables, including Profit and Loss, and SCR reports.
• Gaining exposure to both Internal Model and Standard Formula reporting frameworks.

The role is varied and will require adaptability, strong problem-solving skills, and the ability to tailor existing processes to new situations. You will also need to stay up to date with developments in capital modelling, ESG methodologies.

Additionally, MSIG Europe plans to submit an Internal Model application to the National Bank of Belgium, offering a unique opportunity for professional growth and a steep learning curve.

You’re going to enjoy this job if you also…

• Enjoy working with a range of stakeholders across the business
• Thrive in a technical environment and like contributing to technical discussions

What You’ll Need

• A 2:1 university degree or higher in a subject with mathematical content
• Ideally, some prior experience in modelling
• Experience using Tyche and SQL database management systems would be an advantage

What You Can Expect From Us

• A supportive and collaborative team environment
• An open mind (especially to new ideas and ways of doing things)
• An environment where autonomy is given and expected
• A strong commitment to diversity, inclusion, and equal opportunities
• Access to wellbeing and mental health support programmes
• Flexible working options
• Ongoing learning and development opportunities