Capital Modelling Analyst

TN United Kingdom; London; Hybrid; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking a Capital Modelling Analyst to join their London team. This role offers a unique opportunity to engage with various business lines and contribute to the development of capital models using your coding skills in Tyche or Python. You'll be part of an ambitious team, driving innovation and improving modelling processes in a collaborative environment. With a strong focus on personal growth and professional development, this position promises to be both rewarding and impactful. Join a company that values creativity and commitment to excellence.

Benefits

Private Medical Insurance

Retirement Contributions

25 Days Holiday Entitlement

Wellness Programme

Volunteer Encouragement

Qualifications

• Experience in capital modelling or actuarial roles.
• Understanding of insurance products and industry.

Responsibilities

• Lead parametrisation of capital model components.
• Analyse and review capital model outputs.
• Maintain and develop internal model documentation.

Skills

Quantitative Analysis

Basic Programming (SQL, SAS)

MS Office Skills

Education

Bachelor's Degree in STEM

Actuarial Exams (3 or more)

Tools

SQL

SAS

Job description

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Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Job Category

Actuarial

Who Are We?

Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 160 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.

Target Openings

1

What Is the Opportunity?

Travelers are recruiting for a Capital Modelling Analyst to join our team based in London.

In this role, you'll engage with all lines of business where activities will involve leading the parametrisation of various components of the capital model, analysing and reviewing model outputs, and maintaining comprehensive internal model documentation. If you have a passion for coding, you’ll have ample opportunities to develop your skills in Tyche or Python, contributing to potential model development and analysis.

We are looking for someone who has some prior experience in a capital modelling or actuarial role and who is eager to innovate and improve capital modelling processes, and who thrives in a fast-paced, evolving environment. This is your chance to become a key player in an ambitious team, shaping the future of our capital modelling efforts while driving your professional growth.

Travelers Europe currently offers flexibility to employees who wish to work on a hybrid basis in accordance with our Hybrid Work Arrangements Policy. This entails full time employees working three days a week in the office and two days at home (or pro rata for part-time employees). This policy may be changed at the Company’s discretion.

This role is eligible for a £1500 new joiner bonus. If you are successfully referred by an employee at Travelers Europe, both you and the person who referred you could be eligible for this bonus.

What Will You Do?

• Lead the parametrisation of various components of the capital model.
• Analyse and review capital model outputs.
• Participate on strategic projects with execution responsibility for assigned project sub-components.
• Assist in proposing potential model development and analysis.
• Maintain and develop internal model documentation.

Strategy:

• Participate on strategic projects with execution responsibility for assigned project sub-components.
• Recommend and execute solutions for assigned project to resolve challenges of an initiative.
• Execute work thoughtfully and efficiently as a team member to improve project team performance and timelines.
• This position may participate on cross-unit, Europe and Enterprise initiatives.

Operational:

• Independently refresh actuarial and analytic analyses, perform new analysis with guidance, and begin to apply judgment.
• Support and begin to drive components of unit initiatives.
• Begin to take accountability for process efficiencies within assignments.
• Provide support as necessary for initiatives within Europe or across the Enterprise within the scope of influence.

Communication:

• Communicates progress, findings and results to manager and peers.
• Communicates technical topics to primary working group.
• Actively participates in group discussions.
• Provides formal written communication such as memos or presentations with supervision.

Be Committed, Be Connected, Be Creative and Be Energised – these are the values we are passionate about. Understanding and embracing our values will shape your success and contribute to making Travelers Europe a great place to work.

To be successful, you will need to consistently deliver a great experience in every customer contact; connect with the right partners internally to find creative solutions to problems; be a role model; and consistently deliver on your commitments.

What Will Our Ideal Candidate Have?

• 3 or more Actuarial exams preferred.
• University degree in STEM related field.
• Strong PC skills (MS Office), basic programming skills (eg. SQL, SAS).
• Developing understanding of insurance products and industry.

Leadership:

• Development of Leading Self, exhibiting self-awareness and seeking opportunities to learn while also starting to manage ambiguity.
• Initial development of Leading Others, including mentoring/training team members.
• Initial development of Leading the Business, including being a positive member of the Enterprise culture.

Business Acumen:

• Has an understanding and knowledge of a few basic key business drivers and disciplines such as: underwriting, products, reinsurance, distribution, sales, operations, risk control, claim, and financials.
• Able to effectively utilize this business knowledge in developing analytic solutions.
• Has a foundational perspective of certain areas of the industry and developing trends such as: technology, analytic methodology, products and performance of competitors.
• Is familiar with a couple other key business drivers and disciplines.

Relationship Management:

• Begin to develop professional business relationships across the BI&AA community within Segment.
• Generate and solicit ideas.

Quantitative Analysis:

• Able to use appropriate tools to compile and analyze data effectively.
• Perform basic-level analytics working more independently and effectively with awareness of materiality and reasonability, foreseeing more next steps.
• May perform technical review of unit work product.

What is a Must Have?

• Bachelors Degree or equivalent experience required.
• Prior experience in quantitative analysis required.

What Is in It for You?

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Employment Practices

Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.