Capital Modelling Lead

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

Job summary

An established industry player is seeking a Capital Modelling Lead to drive risk management and capital modelling initiatives. This role involves leading complex projects, ensuring compliance with regulatory frameworks, and influencing senior stakeholders with clear communication. You'll work in a hybrid environment, balancing the flexibility of remote work with the benefits of in-office collaboration. Join a dynamic team focused on innovation and customer-centric solutions, where your expertise will help shape the future of risk management in the insurance sector. Be part of a culture that values your unique strengths and contributions.

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 communicate complex modelling results clearly.

Responsibilities

• Lead and manage analysis to keep IECM aligned with risk profile.
• Communicate and educate users of the model on deliverables.

Skills

Capital modelling and management

Stakeholder management

Analytical skills

Problem-solving skills

Communication skills

Mathematical and statistical modelling tools

Relationship-building skills

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.

• Work with SMEs in the business with insights into the risks being modelled within the IECM and the independent validation team to provide necessary assurances.

• Face off to senior stakeholders in various governance fora to explain technical aspects of the modelling and justify expert judgements.

• Communicate and educate users of the model, providing insight into associated deliverables such as risk appetite, ORSA and other ad-hoc decisions.

• Ensure models 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 and communicate with stakeholders to develop the reputation of Corporate Actuarial as a centre of excellence.

• Lead and role model the performance management and development of the actuarial analysts.

• Communicate effectively within the team and to external stakeholders.

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

• Direct the team in complying with the requirements of relevant professional/legal/regulatory/risk management frameworks.

What you'll need

• Capital modelling and management experience in general insurance.

• Proven ability to communicate complex modelling results clearly, influencing decision-making at senior levels.

• Experience in stakeholder management and communication within a governed environment.

• Exceptional verbal and written communication skills.

• Excellent analytical and problem-solving skills.

• Experience with mathematical and statistical modelling tools.

• Strong relationship-building skills.

• Experience of capital modelling and Solvency II.

What we'll give you in return

• 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.

• Buy as you earn share scheme.

• Employee discounts and cashback.

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.

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.

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.

Together we're one of a kind.

#LI-Hybrid

#LI-AG1