Lead Capital Modelling Actuary - Economic

Antares Global Management Limited; Greater London; On-site; GBP 85,000 - 110,000; Full time

Job summary

Antares Global Management Limited is seeking a Lead Capital Modelling Actuary in Greater London. The successful candidate will take ownership of economic capital models, manage model delivery, and drive the integration of model outputs into business decisions.

The role requires a minimum 2:1 degree in a quantitative field and actuarial qualification, along with 7+ years' experience in capital modelling. A supportive culture and opportunities for growth await the right individual.

Qualifications

• 7+ years of dedicated Capital Modelling experience.
• Demonstrable experience in driving model use and embedding model output.
• Experience in line management and mentoring of junior analysts.

Responsibilities

• End-to-end ownership of economic capital models for assigned entities.
• Production of internal capital reports and validation logs.
• Identify opportunities to streamline the modelling process.

Skills

Advanced proficiency in capital modelling platforms

Analytical skills

Team management

Communication

Education

Minimum 2:1 degree in a highly quantitative field

Qualified Actuary (IFoA or equivalent)

Tools

Igloo

Economic Scenario Generators

Job description

## Lead Capital Modelling Actuary - EconomicApplylocations: Londontime type: Full timeposted on: Posted 3 Days Agojob requisition id: JR179**At Antares, our success starts with our people. We’re a collaborative and an inclusive organisation where every voice is valued, and every individual can grow and thrive.**We combine deep expertise with a supportive culture to deliver outstanding results for our clients and a fulfilling experience for our colleagues.Whatever stage of your career you'll find a place to belong, contribute, develop and we’d love to hear from you.**Key Accountabilities:****Accountability:**Entity Model Delivery* End-to-end ownership of the Economic capital models for the assigned entities. Manage parameterisation, calculation kernel updates, and production runs.**Key Performance Indicator(s):*** 100% on-time delivery of model runs for business planning and strategic milestones. Model outputs are structured to directly inform commercial decision-making.* All model movements fully explained and attributed (P&L attribution).**Accountability:*** Champion the commercial application of the economic model. Drive the understanding and application of return on capital metrics (e.g., framing RORAC practically as expected profit divided by capital) across underwriting and executive teams.**Key Performance Indicator(s):*** Demonstrable integration of economic capital metrics into Business Planning, Pricing, and Reinsurance purchasing. High stakeholder engagement with model outputs.**Accountability:**Risk Delivery* Align economic model validation and risk investigations with wider frameworks, applying a proportionate lens to the depth of testing required.**Key Performance Indicator(s):*** Validation queries from the Risk Department are addressed pragmatically, with action plans prioritised by materiality and resourcing.* Avoid over-engineering solutions to low-materiality findings* Submission packs delivered for sign-off 48hours prior to deadline**Accountability:**Methodology & Consistency* Lead Research & Development (R&D) initiatives for the economic model. Drive tight, data-led integration with Exposure Management, Pricing, and Reserving, ensuring the model functions as a dynamic financial tool rather than a static regulatory construct.**Key Performance Indicator(s):*** Measurable deployment of R&D enhancements that improve the commercial accuracy of the model, particularly regarding tail-risk and exposure alignments.**Accountability:*** Propose enhancements to capital modelling methodology and parameterisation process.**Key Performance Indicator(s):*** Successful implementation of agreed Model Change items.* Methodology changes approved by IMEG.**Accountability:*** Lead the updating and setting of new model parameters**Key Performance Indicator(s):*** Updated parameters are proposed based on the latest data* Movements in results are explained**Accountability:*** Continually develop understanding of the technical aspects of capital modelling concepts.**Key Performance Indicator(s):*** Technical understanding is utilised to explain changes in results, and implement improvements to parameterisation and modelling methodology* Concepts are explained well to others in the team and other stakeholders around the company if required**Accountability:**Reporting & Business Insight* Production of internal capital reports and validation logs.* Design and execute forward-looking Macroeconomic Stress Testing and Scenario Analysis to support the Group's risk appetite formulation and ORSA processes.* Prepare appropriate materials for various internal committees.* Effective input to the Business Planning and Internal Model processes and contribution to the achievement of the Group’s Business Plan.**Key Performance Indicator(s):*** Stakeholders confirm understanding of model outputs provided.* Inputs to Business Planning delivered to Finance/Strategy on schedule.* Stress testing scenarios are dynamic, clearly articulated to executive stakeholders, and directly influence strategic asset allocation and capital preservation decisions.* Reports are produced by the deadline* Contribute to the achievement of department objectives* Appropriate input to Business Plans in a timely manner.**Accountability:**Process Optimisation* Identify opportunities to streamline the modelling process (e.g., automation of data feeds or reporting capability) to maximise operational efficiency.**Key Performance Indicator(s):*** Measurable reduction in manual process time or model runtime.* Successful deployment of automated tools/scripts.**Accountability:**Flexible Support* Actively contribute to the workload of other Capital Modelling Leads during peak periods or when activity is low, supporting regulatory submissions and general model updates.* Facilitate cross-pollination of methodologies across the wider capital team. Ensure cutting-edge R&D, coding standards, or automation tools developed within the Economic model workflow are systematically transferred to enhance the efficiency of the wider department workflow during peak regulatory periods.**Key Performance Indicator(s):*** Seamless integration into Entity/RI teams during peak periods.* Assigned tasks from Entity/RI Leads completed to quality/deadline.* Utilisation rate remains high throughout the year.**Accountability:**Documentation & Audit Trail* Maintain robust, fit-for-purpose audit trails: Version control, Assumptions Logs, Expert Judgement Logs. Ensure documentation meets internal governance standards without imposing unnecessary operational drag.**Key Performance Indicator(s):*** Documentation is sufficiently detailed to ensure business continuity and satisfy internal audit, reflecting a cost-benefit approach to administrative overhead**Accountability:**Team Management* Provide clear direction, goals, targets and constructive feedback for team members* Amalgamate personal objectives of team members with those of the company* Foster collaboration within and across teams* Drive culture through open communication and demonstrated leadership behaviour* Develop and implement the annual performance review process including objective development and development plans for team members* Support team in identifying and addressing performance gaps, career aspirations and strategies for retention of key talent* Team Member compliance with regulatory activities and company policies and procedures**Key Performance Indicator(s):*** Employees know and understand company goals* Team initiatives, work and priorities are clearly defined and understood* Team members are performing in line with expectations of agreed objectives* Collaboration within and across teams runs smoothly.* Any performance or knowledge gaps or misconduct/breaches are swiftly managed with HR assistance if applicable* Objectives and review are completed in a timely manner* Engagement levels, observation and feedback from team members* Active participation in relevant management personal development activity* Employees behaviour matches company culture* Low staff turnover rate**Risk & Control Responsibilities:*** Takes responsibility for own and colleagues’ Health & Safety at all times.**Key Performance Indicator(s):*** Statutory, personal and Company Health & Safety policy regulations are adhered to.* To ensure customers are treated fairly at all times, in accordance with the Conduct Risk Policy and other relevant policies and procedures.**Accountability:**Conduct Risk & GDPR* To ensure customers are treated fairly at all times, in accordance with the Conduct Risk Policy and other relevant policies and procedures.**Key Performance Indicator(s):*** Compliance with applicable Regulatory Requirements and Lloyd’s Principles (where applicable) and Antares Global policies and procedures.* Satisfactory performance as reflected in relevant Conduct Risk MI.* To be aware and adhere to all obligations under GDPR, ensuring that the business complies with these requirements.* To avoid breaches and to report them to the Data Protection Officer when they occur regardless of whether electronic or on paper.**Accountability:*** To be aware and adhere to all obligations under GDPR, ensuring that the business complies with these requirements.To avoid breaches and to report them to the Data Protection Officer when they occur regardless of whether electronic or on paper.**Key Performance Indicator(s):*** Adherence to Antares Global policies and procedures in relation to GDPR* Timely completion of ongoing training in relation to GDPR**Knowledge & Qualifications:*** Education: Minimum 2:1 degree in a highly quantitative field (Mathematics, Physics, Actuarial Science).* Professional Accreditation: Qualified Actuary (IFoA or equivalent).* 7+ years of dedicated Capital Modelling experience.* Demonstrable experience in driving model use and Embedding Model output* Demonstrable experience leading model development and full cycle delivery* Experience in line management and mentoring of junior analysts/students.**Technical Competencies*** **Software Proficiency:**Advanced proficiency in capital modelling platforms (Igloo preferred, other modelling software experience is an asset) and Economic Scenario Generators (ESGs)* **Analytical Depth:**Ability to perform deep-dive validation, explain result movements (attribution analysis) and justify expert judgements.* **Process Efficiency:**Track record of improving modelling efficiency, coding standards, and automation of outputs* **Regulatory Proportionality:**Working knowledge of Solvency II/UK frameworks (PRA, Lloyd’s BMA). Ability to aspire to these standards while applying them proportionally to economic models, balancing theoretical best-practice with commercial resource constraints.* **Asset-Liability Matching (ALM) & Macroeconomic Modelling:**Deep technical understanding of Economic Scenario Generator (ESG) mechanics to model asset risk, inflation volatility, interest rate shifts, and liquidity constraints under stressed economic conditions.**Leadership & Behavioural*** **Delivery Focus:** Accountability for meeting hard deadlines with high-quality output.* **Analytical Skills:**Possess strong technical and analytical skills to drive process and model development* **Team Management:** Capable of organising team workloads, delegating effectively, and providing constructive technical feedback.* **Communication:**Confident communicating and influencing a variety of stakeholders.Education required for this role: