Capital Modelling Analyst Actuary

Trades Workforce Solutions; United Kingdom; On-site; GBP 60,000 - 80,000; Full time

Job summary

An international insurance company is seeking an Asset Modelling Actuary to support its Capital Modelling department. You will be responsible for running the Economic Scenario Generator, analyzing asset portfolios, and validating reinsurance structures. The ideal candidate should have a degree in a mathematical subject and experience with modelling and SQL. This role offers the opportunity to engage in strategic planning and enhance capital efficiency within the organization.

Qualifications

• Strong analytical skills with a focus on economic scenario generation.
• Some prior experience in modelling is preferred.
• Willingness to travel occasionally for business purposes.

Responsibilities

• Run and maintain the Economic Scenario Generator (ESG).
• Analyze the asset portfolio to ensure alignment with risk appetite.
• Review and validate reinsurance structures for capital efficiencies.
• Support the annual strategic planning process with capital modelling insights.
• Lead deep-dive reviews for enhancing capital efficiency.
• Assist with annual reporting deliverables.

Skills

Mathematical analysis

Modelling

Capital modelling

SQL

Education

2:1 university degree or higher in a subject with mathematical content

Tools

Tyche

SQL database management systems

Job description

Our client, a P&C international insurance company, is looking for an Asset Modelling Actuary to support the Capital Modelling department.

He/she will be in charge of the following tasks:

• 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.

Profile

• You have 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.
• Open to occasional business travels.