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Senior Capital Actuary

Location : Cardiff
Type : Permanent
Salary : Competitive salary

Key Responsibilities

Working within the Actuarial team and reporting to the Head of Capital, the main responsibilities of the role include helping the team with the following:

  • The delivery of capital requirement calculations using the standard formula and internal model.
  • Providing the business with risk and capital analysis to aid the strategic decision-making process
  • Support the ongoing delivery of the IMAP project including validation remediation, model development, creation & maintenance of model documentation and risk parameterisation.

Detailed role profile

  • Assist with the delivery of capital requirements for reporting purposes.
  • Prepare reports and presentations for senior management.
  • Regular interaction with the Risk function and develop an awareness of the key financial risks faced.
  • Assist with the production of the risk and capital analysis to help key decisions across the organisation e.g. business planning, reinsurance strategy and dividends.
  • Assist the build and continued improvement of the internal model in readiness for IMAP including:
    • Understand the origins and reasonableness of the data used
    • Parameterisation of the inputs
    • Working alongside the existing team members to design and build the models/calculations
    • Performance of testing on model outputs to ensure appropriateness of model calibration
    • Perform stress and sensitivity testing
    • Production of Model documentation
    • Prepare reports and presentations for senior management and the regulator

Other Duties

  • Support the international businesses with capital queries, sharing UK best practice and have a strong awareness of the different issues across the business.
  • As a nearly or newly qualified actuary the role will involve providing assistance to the other members of the capital modelling team to ensure their ongoing development of the team as a whole.

Candidate profile

  • Nearly or newly qualified actuary with experience working for a General Insurance company
  • Highly numerate and analytical with very good academic record
  • Good written and verbal communication skills
  • Good working knowledge of capital modelling concepts
  • Experienced user of General Insurance capital modelling software (e.g. Igloo, Remetrica)
  • Excellent Microsoft Excel skills – preferably with experience of VBA

Position of : Senior Capital Actuary, Cardiff

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