Capital Modelling Lead

Direct Line Group; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

Join a forward-thinking company as a Capital Modelling Lead, where your expertise in capital modelling and stakeholder management will drive strategic decision-making. This role involves leading complex projects and ensuring compliance with regulatory frameworks while fostering collaboration across teams. With a hybrid working model, you'll enjoy a balance of office and home working, supported by a comprehensive benefits package including a generous pension scheme, insurance discounts, and a flexible working environment. Be part of a team that values innovation and customer-centricity, and help shape the future of insurance.

Benefits

9% employer contributed pension

50% off home, motor and pet insurance

Up to 20% annual bonus

30 days holiday + bank holidays

Health and Dental insurance

EV car scheme

Buy as you earn share scheme

Employee discounts and cashback

Qualifications

• Experience in capital modelling and management in general insurance.
• Ability to convey technical insights to both technical and non-technical audiences.

Responsibilities

• Lead and manage analysis to keep IECM aligned with risk profile.
• Communicate complex modelling results to senior stakeholders.

Skills

Capital modelling experience

Stakeholder management

Analytical skills

Communication skills

Problem-solving skills

Relationship-building

Tools

Mathematical and statistical modelling tools

Job description

Capital Modelling Lead

London - Hybrid working, 2 days a week in the office

Let's make the most of your talent

At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we're a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.

Our Corporate Actuarial teams deal with risk on a billion pound scale. Bringing together the widest range of skills, tools, and information, they calculate the risks and potential claims from across the organisation. Market leading techniques. Maximised profitability. Business-wide connection. That's how we support some of the UK's most recognisable brands to grow and develop.

What you'll be doing

• Ensure executive decisions based on a clear understanding of the impacts on IECM capital requirements, now and in the future, with recommendations for improving the Group's risk and capital position.

• Lead, plan, manage analysis that keeps the IECM up to date and aligned with DLG's risk profile. To include leading analysts to deliver updates following a pre-agreed annual timetable, and following all IECM governance processes.

• You will work with SMEs in the business with insights in to the risks being modelled within the IECM, and also working with the independent validation team to provide the necessary assurances around the IECM updates.

• You will also require facing off to senior stakeholders in various governance fora to explain technical aspects of the modelling, the modelling results, and justifying any expert judgements being made.

• To communicate and educate users of the model, provide insight into associated deliverables such as risk appetite, ORSA and other ad-hoc decisions or analysis requiring consideration of capital requirements and resources.

• Ensure models researched and built for capital modelling and its applications use appropriate techniques & data and are efficient, high quality, well documented & verifiable.

• Lead large/complex projects with potentially changing requirements

• Investigate solutions to complex issues; communicate with stakeholders to develop the reputation of Corporate Actuarial as a centre of excellence within Direct Line Group.

• Lead and role model the performance management and development of the actuarial analysts; review work, considering the outcome of the task; provide feedback and create opportunities for learning in daily activities; delegate work to analysts to develop their experience.

• Communicate effectively within the team and to external stakeholders to ensure thorough and accurate understanding of issues and resolutions.

• Ensure that own professional and industry knowledge is always up to date.

• Be aware of and direct the team in complying on an ongoing basis with the requirements of relevant professional/legal/regulatory/risk management frameworks, e.g. Technical Actuarial Standards, Solvency II, IFRS 17 & UK GAAP requirements. Identify and manage the risks involved in running our business appropriate to this role, following the company risk framework.

What you'll need

• Capital modelling and management experience in general insurance, with the ability to convey technical insights to both technical and non-technical audiences

• Proven ability to communicate complex modelling results in a clear, compelling manner, influencing decision-making at senior levels

• Experience in stakeholder management and communication within a governed environment

• Exceptional verbal and written communication skills, with the ability to adapt messaging for different audiences

• Excellent analytical and problem-solving skills, paired with the ability to articulate insights and recommendations effectively

• Experience with mathematical and statistical modelling tools and models, with the ability to explain key methodologies and assumptions to non-specialists

• Strong relationship-building skills, with a track record of fostering collaboration across teams

• Experience of capital modelling and Solvency II

What we'll give you in return

We wouldn't be where we are today without our people and the wide variety of perspectives and life experiences they bring. That's why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and office-working, varying with the nature of your role. Core benefits include:

• 9% employer contributed pension

• 50% off home, motor and pet insurance plus free travel insurance and Green Flag breakdown cover

• Up to 20% annual bonus

• 30 days holiday + bank holidays and option to buy or sell up to 5 days

• Additional optional Health and Dental insurance

• EV car scheme allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way.

• Buy as you earn share scheme

• Employee discounts and cashback

• Plus many more

Ways of Working

Our mixed model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. How much you'll be in the office depends on your role, and we'll consider the flexible working options that work best for you.

Read our flexible working approach here.

We recognise and embrace people that work in different ways so if you need any reasonable adjustments within this recruitment process, please reach out to us and we can discuss how we can support you with this.

There's no-one else like you. No-one with the exact same mix of strengths, quirks, skills and thoughts. That's why you could belong here. As part of a team of brilliant individuals, in a place that empowers you to be the best you can be. We're proud of who we are, of what we do, and what every single one of us brings. Join us. Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together, we can all achieve great things. Inspiring, challenging, and supporting each other to aim higher.

Together we're one of a kind.

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