Capital Modelling Analyst

Arch Insurance; City Of London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading insurance firm in the City Of London is seeking an actuarial analyst for their capital modelling function. This role involves supporting model parameterisation, building and maintaining models, and completing regulatory returns. The ideal candidate will have a BSc in Mathematics and 1-3 years of experience in capital modelling within General Insurance, along with strong skills in stochastic modelling and Excel. Join a dynamic team to drive efficiencies and model enhancements.

Qualifications

• At least 1-3 years of capital modelling and General Insurance experience.
• Good working experience of capital modelling software.

Responsibilities

• Support the parameterisation of the model.
• Assist with the build, maintenance and running of the capital model.
• Produce, interpret, and develop model outputs.
• Complete and submit regulatory returns to Lloyd’s and the PRA.
• Contribute to the model validation process.
• Document the model for internal and external purposes.
• Ensure proper audit trail for model changes.
• Identify and improve efficiencies in existing processes.
• Support quarterly technical provisions calculations.
• Assist in completing the standard formula return.

Skills

Knowledge of stochastic modelling techniques

Good Excel skills

Programming skills (Python desirable)

Attention to detail

Good interpersonal and communication skills

Education

BSc in Mathematics or related field

Good progress through the Actuarial exams

Tools

Capital modelling software experience

Job description

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Role Summary and Purpose

• The role is for an actuarial analyst to join the capital modelling function of Arch Insurance International.
• The successful candidate will have the opportunity to work in a mid-sized team and gain in-depth experience of all elements of the capital modelling function.
• The successful candidate to learn and develop in a dynamic team with an opportunity to drive model improvements and process efficiencies.

Key Tasks and Responsibilities

• Supporting the parameterisation of the model, including participating in meetings with subject experts.
• Assisting with the build, maintenance and running of the capital model.
• Producing, interpreting and developing model outputs for various audiences and uses, including reinsurance purchase, business planning and capital allocation.
• Assisting with the completion and submission of regulatory returns to Lloyd’s and the PRA.
• Contribution to the validation of the model through carrying out and interpreting the results of various validation tools.
• Assisting with the documentation of the model for internal and external purposes.
• Ensuring the model change process is embedded and a proper audit trail is kept.
• Identifying and improving efficiencies in existing processes and developing model enhancements.
• Supporting the completion of the quarterly technical provisions calculations and the corresponding regulatory reports.
• Assisting in the completion of the standard formula return.

Skills / Competencies

• Knowledge of stochastic modelling techniques and insurance to maintain, run and develop the capital model.
• Good Excel skills
• Programming skills desirable (ideally Python)
• Attention to detail and ability to work under pressure are a must
• Good interpersonal and communication skills

Qualifications

• BSc in Mathematics or related field
• Good progress through the Actuarial exams

Experience

• At least 1-3 years of capital modelling and General Insurance experience, Lloyd’s preferred.
• Good working experience of capital modelling software experience.Tyche experience is desirable but not necessary.

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14101 Arch Europe Insurance Services Ltd