At a Glance
- Tasks: Lead regulatory and economic capital modelling, ensuring compliance and strategic insights.
- Company: Join a collaborative, high-performing actuarial team at a leading insurance firm.
- Benefits: Flexible working, career progression, and a supportive culture.
- Other info: Opportunity to mentor junior actuaries and enhance team capabilities.
- Why this job: Shape the future of capital modelling and influence key business decisions.
- Qualifications: Qualified Actuary with strong Solvency II and capital modelling experience.
The predicted salary is between 60000 - 80000 £ per year.
Flexible working: this role is offered on a hybrid basis, with a blend of home and office working.
About the Role
We’re looking for a Senior Capital Actuary to play a key role in delivering our regulatory and economic capital modelling, supporting both Solvency II reporting and strategic decision-making across the business. Sitting within our Capital Modelling team, you’ll contribute to the development and ongoing enhancement of our Internal Model (Igloo) ensuring it remains robust, compliant, and aligned to business needs. You’ll work closely with stakeholders across the organisation, translating complex modelling outputs into clear, actionable insights for senior leaders, committees, and regulators. Alongside hands‑on technical delivery, you’ll also support and mentor more junior actuaries, helping to shape the future of the team.
What You’ll Be Doing
You’ll play a key role in contributing to the production of both regulatory capital (Solvency II) and internal economic capital requirements, while supporting the ongoing development and maintenance of the Internal Model. This includes hands‑on involvement in Igloo coding, parameter updates, and governance enhancements, alongside improving the calculation kernel and parameterisation processes in line with regulatory expectations, validation findings, and industry best practice. You’ll help ensure the model remains fully compliant, responding to regulatory feedback and proactively identifying, assessing, and escalating any limitations or risks. As part of the annual model update cycle, you’ll work across the full end‑to‑end process, from data validation and analysis through to parameter setting, model design and build, testing, calibration, validation, and stress and sensitivity analysis. Alongside the technical work, you’ll produce clear and insightful reports for senior stakeholders and regulators, translating complex outputs into meaningful, decision‑useful insights. You’ll also build strong relationships across the business and support the development of junior team members, helping to strengthen overall team capability.
Essential skills and experience
- Qualified Actuary (IFoA or equivalent)
- Strong experience of Solvency II / UK Internal Model frameworks
- Proven capital modelling experience, with strong knowledge of stochastic methods
- Experience within personal lines insurance (e.g. Motor, Household)
- Previous experience leading or mentoring others
- Experience using actuarial modelling platforms (e.g. Igloo or similar)
- Strong stakeholder management skills, with the ability to influence and communicate at senior level
- Ability to translate complex technical outputs into clear business insights
- Strong presentation skills, with experience engaging Boards, NEDs, or regulators
- Highly organised, with the ability to manage multiple priorities and deadlines
- Advanced Excel and wider Microsoft Office skills
Desirable skills and experience
- Strong commercial awareness, with the ability to link modelling outputs to business strategy
- Experience improving or automating modelling processes
Why Join Us?
- Be part of a collaborative, high‑performing actuarial team
- Work on complex, business‑critical modelling that directly influences decision‑making
- Opportunity to shape and evolve the Internal Model
- A strong focus on development and career progression
- A flexible, supportive working environment with a great culture
Please note - we may close this vacancy early if we receive lots of applications or business priorities change.
Disability Confident Leader
As a Disability Confident Leader, for candidates with a disability or long‑term health condition, that opt into the Disability Confident scheme, we’ll invite a fair and proportionate number of applicants that meet the essential requirements of the role to the first stage of our selection process. If you need any adjustments or support with your application or during the recruitment process, just let us know. Please email Helen.hunt@admiralgroup.co.uk or contact us on 07796 039828. This number is dedicated to supporting candidates that require reasonable adjustments or support during the application process.
Senior Capital Actuary in Cardiff employer: Admiral Group plc
Join a dynamic and collaborative actuarial team where your expertise as a Senior Capital Actuary will directly influence strategic decision-making. With a strong focus on employee development, flexible working arrangements, and a supportive culture, you'll have the opportunity to shape the future of our Internal Model while mentoring junior actuaries. Our commitment to fostering a high-performing environment ensures that you can thrive both personally and professionally in this rewarding role.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Capital Actuary in Cardiff
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, webinars, or even casual meet-ups. The more you engage with others, the better your chances of hearing about opportunities that might not even be advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share specific examples of your work, especially those related to Solvency II and capital modelling. This is your time to shine and show how you can add value to their team.
✨Tailor Your Approach
Every company is different, so make sure you tailor your conversations to fit their culture and needs. Research their recent projects or challenges and come prepared with ideas on how you can help them tackle these issues.
✨Follow Up Like a Boss
After any interview or networking event, send a quick follow-up message. Thank them for their time and reiterate your interest in the role. It shows professionalism and keeps you fresh in their minds!
We think you need these skills to ace Senior Capital Actuary in Cardiff
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your capital modelling experience and any relevant qualifications, like being a qualified actuary. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your background aligns with our needs. Don’t forget to mention your experience with Solvency II and stakeholder management.
Showcase Your Technical Skills:Since this role involves hands-on technical delivery, be sure to highlight your experience with actuarial modelling platforms like Igloo. We love seeing candidates who can demonstrate their technical prowess alongside their analytical skills.
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Admiral Group plc
✨Know Your Stuff
Make sure you brush up on your knowledge of Solvency II and capital modelling frameworks. Be ready to discuss your experience with stochastic methods and how you've applied them in previous roles. This will show that you’re not just familiar with the concepts, but that you can also bring valuable insights to the team.
✨Showcase Your Communication Skills
Since you'll be translating complex modelling outputs into clear insights for senior leaders, practice explaining technical concepts in simple terms. Prepare examples of how you've successfully communicated with stakeholders in the past, especially when it comes to influencing decisions or presenting to boards.
✨Demonstrate Leadership and Mentoring Experience
Highlight any experience you have in leading or mentoring junior actuaries. Think of specific instances where you’ve helped others grow or improved team capabilities. This will show that you’re not only a strong individual contributor but also someone who can elevate the entire team.
✨Prepare for Technical Questions
Expect to dive deep into technical aspects during the interview. Review your experience with actuarial modelling platforms like Igloo, and be ready to discuss how you've improved or automated modelling processes. Being able to articulate your hands-on experience will set you apart from other candidates.
