Specialist Capital Actuary

Raretec Recruitment; Dublin; On-site; EUR 120,000 - 180,000; Full time

Job summary

Raretec Recruitment is seeking a Specialist Capital Actuary to join a leading Irish general insurer’s Capital Modelling team in Dublin. This high-impact role focuses on Solvency II internal modelling, regulatory engagement, and senior stakeholder management.

The successful candidate will contribute to model development, data analysis, governance, and reporting, collaborating with Risk and Actuarial functions and external regulators.

Qualifications

• Actuary in P&C with near qualification status.
• Knowledge of Solvency II and capital modelling concepts.
• Excellent numerical, analytical, and communication abilities.

Responsibilities

• Support development and maintenance of the Solvency II internal model.
• Produce model inputs/outputs aligned with risk profile.
• Support risk and actuarial functions with internal model-based metrics.
• Engage with Central Bank of Ireland on model use and development.
• Prepare reports and quantitative outputs for validation.
• Ensure governance and data quality standards are upheld.

Skills

Solvency II knowledge

Analytical mindset

Communication skills

Excel skills

Education

Actuarial qualification (nearly qualified)

Tools

VBA

R

Python

ReMetrica

Job description

Our client is a well-established general insurer with a strong presence in the Irish market and international reach. They are seeking a Specialist Capital Actuary to join their Capital Modelling team in Dublin. This is a high-impact role at the heart of the organisation's Solvency II internal model function, offering excellent exposure to capital modelling, regulatory engagement, and senior stakeholder management.

Key responsibilities

• Support the ongoing development and use of the approved Solvency II internal model, including model code maintenance, parameterisation, and performance testing
• Produce and review model inputs and outputs, ensuring appropriateness for the entity's risk profile and exposure
• Support the Risk and Actuarial functions in producing internal model-based risk metrics including stress testing for ORSA and ceded reinsurance assessment
• Engage with the Central Bank of Ireland and the wider regulatory college on the ongoing use and development of the capital model
• Prepare written reports and quantitative output to support model communication and validation
• Ensure governance processes are appropriately followed and data quality standards are maintained

Requirements

• Nearly or newly qualified actuary with experience in a P&C insurance environment
• Knowledge and/or experience of Solvency II, with a good working understanding of capital modelling concepts
• Highly numerate and analytical with a strong academic record
• Excellent Excel skills; VBA experience is preferred, and knowledge of R, Python or ReMetrica is a strong advantage
• Strong written and verbal communication skills with the ability to convey complex technical concepts to a range of audiences