Current opportunities
Senior Capital Modelling Analyst
London | 23 Nov 2023

Our Capital Modelling team are looking to hire an experienced capital modeller up to the newly qualified level.

The role will cover a diverse range of work across entities and risks, with exposure to a variety of other departments including Reserving, Risk, Exposure Management, Ceded Reinsurance, and Cat Modelling. The Capital Modelling department provides a highly supportive environment with respect to development whilst also delivering high-quality output for regulatory submissions and business strategy.

The position provides an excellent development and progression opportunity with the role being shaped around the candidate’s strengths. Experience in mentoring junior team members would be ideal, but not essential.

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
  • Studying towards Actuarial qualification, with previous Actuarial experience ideally in Capital Modelling
  • Capital modelling experience desirable
  • Igloo experience and any other modelling software experience desirable
  • Desire and ability to learn quickly, particularly the very technical aspects of capital modelling
  • Display a good range of technical understanding in Capital Modelling
  • Applies detailed technical knowledge for problem-solving
  • Good communication skills both verbal and written
  • Able to use initiative to progress tasks and deliverables
  • Able to supervise and guide junior students in completion of ad-hoc tasks
  • Able to share knowledge and explain complex capital modelling concepts
  • Able to lead aspects of projects with limited supervision
  • Able to assist in drafting technical reports

Day to Day Duties Include:

  • Regulatory & Rating agency submission preparation: Lloyd’s, BMA, PRA, rating agencies
  • 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 within other relevant departments
  • 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, calendar and study plans
  • Provides input to multi-disciplinary projects
  • Recognise development needs of the Capital model, implement solutions, and complete model change documentation as required
  • Assist with the development and training of more junior team members, when experience allows
All applicants must have the right to work in the UK