Capital Modelling Actuary

Brit Insurance; City Of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading risk management firm in London is seeking a Capital Modelling Actuary to develop and maintain their internal capital model under the Solvency II regime. The role involves managing model operations, ensuring accuracy for regulatory submissions, and collaborating with various teams. Ideal candidates will have actuarial qualifications and experience in data analysis. The firm prides itself on its diverse and inclusive workplace culture.

Benefits

Diverse and inclusive culture

Accessible workplace

Opportunities for professional development

Qualifications

• Experience with Solvency II frameworks is essential.
• Strong analytical and numerical abilities required.
• Excellent collaboration skills to work across teams.

Responsibilities

• Maintain and develop the internal capital model.
• Ensure model supports regulatory submissions.
• Oversee model operations and output accuracy.

Skills

Capital model development

Regulatory compliance

Data analysis

Stakeholder management

Education

Actuarial qualification

Degree in Mathematics or related field

Job description

Overview

Vacancy Name: Capital Modelling Actuary

Employment Type: Permanent

Location: London

Role Details: We’re looking for a Capital Modelling Actuary

About Brit

At Brit, we believe that the uncertainty of the future should never stand in the way of progress. That’s why we exist. To help people and businesses face the future and thrive. We are change-makers enabled by a global workforce who collaborate to deliver a risk service. A team empowered to help our customers not only to survive the risks they face, but to stay on the front foot and keep moving forward. We believe the uncertainty of tomorrow isn’t something to fear but to seize; that it’s full of potential. Not only for our customers but our employees too.

We might write the future of risk for our brokers and clients, but we would love to help you write your future at Brit: a future based on not just progressing but on thriving – both professionally and emotionally. If you’re looking for a place to make a real difference read on.

Responsibilities

As a Capital Modelling Actuary at Brit, you’ll play a key role in maintaining and developing our internal capital model under the Solvency II regime. You’ll be responsible for ensuring the model supports both regulatory submissions and internal decision-making, while also promoting its use across strategic and operational areas of the business. Working closely with the Actuary, Senior Actuary and Head of Capital Modelling, you’ll oversee the day-to-day operation of the model and ensure its outputs are timely, accurate and embedded within our Risk Management Framework.

You’ll help manage relationships with regulatory bodies including the PRA, Lloyd’s and the BMA, and you’ll support the preparation and presentation of model outputs to executive and board-level committees. Your work will also involve integrating the model with other key risk areas such as investment and exposure management, and ensuring that data inputs are robust, reliable and of high quality.

In addition, you’ll collaborate with colleagues across actuarial, finance and underwriting teams, and contribute to training and awareness initiatives for senior stakeholders. You’ll also support the Head of Capital in delivering reports to governance committees and regulators, ensuring that all outputs meet the highest standards of quality and compliance.

We welcome everyone wholeheartedly

We’ve got a truly diverse, genuinely inclusive work environment. We comfortably and confidently bring our whole selves to work, because we know we’ll be respected, valued and accepted whoever we are. Our Employee Resource groups are safe spaces for people to share their experiences, aspirations and suggestions about how we do things.

Accessibility

We are located in the Leadenhall Building on Leadenhall Street (EC3V 4AB) and are situated on floors 17, 18, and 39. All of our floors are accessible by lift, and there are building staff on hand to point you in the right direction.

The closest train / underground / DLR links are: Liverpool Street Station (7 mins), Bank Station (6 mins), Fenchurch Street Station (6 mins), Aldgate Station (7 mins).

The nearest bus stop is St Mary Axe (Stop LR or Z), which is located just outside the building.

If you have any other questions regarding accessibility, please ask.