We are looking for a Capital Modelling Actuary to support the Head of Capital Modelling and other existing team members in duties such as model parameterisation, model development, output design, regulatory submissions, documentation. The Capital Modelling Actuary also assists with the development of Analysts within the team.
Come join us and help shape the future of Antares!
Knowledge and Experience
- Minimum 2:1 degree (or equivalent) in a subject with a high degree of Mathematics. E.g. Mathematics, Physics, Economics with Mathematics, Actuarial Science
- Qualified Actuary with previous experience in Capital Modelling
- Capital modelling experience essential
- Igloo experience desirable. Any other modelling software experience is an asset
- Display a broad range of technical understanding in Capital Modelling
- Applies detailed technical knowledge for problem-solving
- Ability to effectively coach and mentor individuals to support their development
- Ability to share knowledge and explain complex capital modelling concepts
- Good communications skills both verbal and written
- Organised, accountable and autonomous
- Commerical Awareness
- Ability to lead some projects with minimal supervision
- Ability to assist in drafting technical reports
- Stakeholder management
Day to Day Duties
- Regulatory & Rating agency submission preparation: Lloyd’s, BMA, PRA, rating agencies and other relevant bodies
- Production of key internal capital modelling reports/memos and model outputs as and when required
- Maintain relevant logs and documents: Data directory, Process documentation, Expert Judgement/Assumption logs, Model Procedures etc
- Ensure appropriate audit trails are available: Calculation Kernel version control log, Sign-off records, System folder structures, Internal Model Expert Group minutes, Parameterisation justifications, Notes within files, Email records
- Assist in the development of the capital modelling methodology and parameterisation processes
- Assist in updating and setting new model parameters
- Assist in undertaking model runs using updated parameters, settings and data as required
- Undertake ad-hoc investigations as required and drill into model results: Includes Model development, Reinsurance testing, Investment testing, Business planning
- Prepare appropriate materials for various internal committees
- Maintain an open dialogue and forge positive working relationships with stakeholders across different functions
- Undertake Model Validation runs and investigations as requested by the Risk Department, assisting in other related areas where possible
- Ensure consistency of data, assumptions and methodologies with other departments where possible, including Reserving and Pricing
- Learn and understand the technical aspects of capital modelling concepts used to allow input into improvements and development
- Display accountability for assigned tasks and deliverables
- Ensure accuracy and relevance of delivered outputs
- Explain movements in data and results
- Organise own workload, deadlines, calendar
- Provides input to multi-disciplinary projects
- Recognise development needs of the Capital model, implement solutions, and complete model change documentation as required
- Help improve Internal Model use and buy-in within the business
- Assist with the development and training of more junior team members
- Delegate work to junior team members as required
All applicants must have the right to work in the UK