Reserving & Capital Actuary

HDI; City Of London; On-site; GBP 50,000 - 90,000; Full time

Job summary

Join a forward-thinking company as a Reserving & Capital Actuary in a newly created role within the Actuarial team. This position offers an exciting opportunity to contribute to actuarial analysis, capital modelling, and risk assessment, ensuring compliance with regulatory standards. Collaborate with senior actuaries and cross-functional teams to provide insights that drive strategic decision-making. With a commitment to professional development and an inclusive workplace, this role is perfect for those looking to advance their career in a dynamic environment.

Qualifications

• 3+ years of actuarial experience in insurance or consulting.
• Familiarity with Solvency II Standard Formula calculations.

Responsibilities

• Assist in actuarial modelling and reporting for financial stability.
• Support Solvency II regulatory reporting and capital assessments.

Skills

Actuarial Analysis

Capital Modelling

Risk Assessment

Solvency II Compliance

Stakeholder Communication

Education

Fellow of the Institute and Faculty of Actuaries (IFoA)

Numerate Degree

Tools

Actuarial Software

Job description

HDI is a Corporate & Specialty Insurer part of the Talanx Group. With over 120 years of experience, HDI operates across five continents, around 40 countries and employs over 5,000 people worldwide.

It's an exciting time to join HDI as we continue on a journey of growth! The Reserving & Capital Actuary is a newly created role in our Actuarial team.

The role:

• Actuarial Analysis and Support: Assist the Head of Reserving & Capital in conducting actuarial modelling, analysis, and reporting to ensure financial stability, regulatory compliance, and strategic risk management. Provide actuarial insights that support decision-making across reserving, capital modelling, and risk assessment functions.
• Solvency II and Capital Assessment: Contribute to Solvency II regulatory reporting, technical provision calculations, and capital modelling processes. Support the assessment of risk exposure and financial solvency to ensure compliance with PRA regulations.
• Stakeholder Collaboration: Work closely with senior actuaries, finance, underwriting, and risk teams to ensure actuarial insights are integrated into financial planning and strategic decisions.

Key accountabilities:

• Risk and Solvency Management Support: Assist in maintaining risk management frameworks aligned with Solvency II regulatory requirements. Support the calculation and analysis of Solvency Capital Requirements (SCR) under the Standard Formula and contribute to stress testing and scenario analysis to assess capital adequacy.
• Actuarial Reserving: Participate in the reserving process for selected delegated authority and single risk insurance products, ensuring reserves are accurate and compliant with regulatory requirements. Assist in analysing risk and loss trends to support the development of reserve strategies that enhance the company's financial stability. Contribute to the preparation of detailed reserve reports for internal and external stakeholders, ensuring transparency and clarity in all documentation
• Actuarial Reporting and Advisory: Support the preparation of the Actuarial Function Report (AFR) for the UK subsidiary. Conduct and assist in the review of technical provisions, ensuring compliance with regulatory and financial standards. Provide actuarial analysis and insights to internal stakeholders, ensuring data-driven decision-making.
• Pricing Strategy Review: Assist in analysing underwriting and pricing strategies within the actuarial function and support risk assessment methodologies to optimise pricing strategies.
• Stakeholder Communication and Decision Support: Collaborate with Actuarial management to provide clear and actionable actuarial insights. Assist in responding to queries from regulators, auditors, and internal governance teams while ensuring actuarial advice aligns with strategic business objectives.
• Cross-Functional Collaboration: Work with finance, underwriting, and risk teams to integrate actuarial insights into financial forecasts and strategic plans while contributing to process improvement and automation initiatives in actuarial analysis.
• Solvency II Actuarial Function Report Support: Assist in preparing technical provision calculations and capital assessments for regulatory reporting. Contribute to the actuarial function report reflecting the company’s risk profile and financial position, maintaining compliance with PRA, IFoA, and Group actuarial standards.
• Adhere to all local and Group guidelines

Skills & experience:

• Fellow of the Institute and Faculty of Actuaries (IFoA) is preferred, or nearly qualified and a commitment to professional development.
• Numerate Degree
• 3+ years of actuarial experience in insurance, reinsurance, or consulting is necessary, with exposure to capital assessments, reserving, or risk assessment within a Solvency II framework.
• Experience working with datasets and actuarial models is desirable.
• Understanding of actuarial methodologies, including capital modelling, reserving, and risk analysis, is essential.
• Familiarity with Solvency II Standard Formula (SCR) calculations and experience with actuarial software.

As an equal opportunities employer, we are committed to creating an inclusive environment for all employees, recognising that a diverse and inclusive workplace is a creative and prosperous one.

If you require support with your application, please contact UK&[e-mail]