Senior Capital Actuary – 27336

Emerald Group Ltd; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading company in the insurance sector seeks a qualified actuary for a capital modelling role focusing on Lloyd's syndicate requirements. The successful candidate will enhance capital modelling capabilities, prepare SCR submissions, and manage a team member, ensuring compliance with Solvency II standards.

Qualifications

• Qualified actuary or equivalent required.
• Strong technical experience in Solvency II and capital modelling principles.

Responsibilities

• Develop capital modelling capabilities for Lloyd’s syndicate.
• Prepare SCR submissions and communicate results.
• Line manage one Capital Analyst.

Skills

Capital modelling

Data analysis

Communication

Problem-solving

Education

Qualified / Nearly qualified with Institute & Faculty of Actuaries

Tools

RPC Tyche

Job description

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Key duties (including, but not limited to):

• Developing and enhance capital modelling capabilities for the Lloyd’s syndicate, SIEL and SEIL, which may involve enhancing parts of existing models for entities, and building/consolidating reports from the models for various uses
• Preparing Solvency Capital Requirement (SCR) submissions for Lloyd’s (the Lloyd’s Capital Return) for the syndicate, and supporting other entity model development as required. Communicating results and providing analysis of change to the Head of Capital and Chief Actuary
• Supporting annual and ad-hoc parameterisation of capital models. This will involve investigating new methods and seeking new data sources to continually improve the process
• Preparing capital metrics and output to aid business planning and management decision making. Communicating these to underwriters to ensure their understanding of key results
• Line manage one Capital Analyst
• Supporting the Risk team with validation testing
• Providing reporting and present results to the Internal Model Committee as required
• Supporting maintenance of adequate levels of documentation in relation to the Internal Model, in-line with Solvency II requirements
• Development work to improve efficiency of and reporting from models and ad hoc group reporting

Qualifications required:

• Qualified / Nearly qualified with Institute & Faculty of Actuaries or equivalent

Experience required:

• RPC Tyche software experience (will consider experience with other capital modelling tools)
• Strong relevant/technical experience
• Reserving principles
• Solvency II principles, EU directives in relation to Solvency II and capital adequacy