At a Glance
- Tasks: Lead the development of internal models and support business planning processes.
- Company: Join AIG, a global leader in insurance with a collaborative culture.
- Benefits: Comprehensive benefits package focusing on health, wellbeing, and professional development.
- Other info: Inclusive culture that values diversity and offers excellent career growth opportunities.
- Why this job: Make a real impact in the insurance industry while developing your skills.
- Qualifications: Experience in general insurance and capital modelling, with strong coding skills.
The predicted salary is between 56700 - 69300 £ per year.
Join us as Capital Modelling Analyst. Make your mark in Talbot. With offices in London, New York and Singapore, Talbot is the managing agent of 4 syndicates at Lloyd’s, underwriting numerous classes of business including war and terrorism, energy, marine, financial lines, cyber, transport, political risk, crisis management, kidnap & ransom, and property reinsurance. Through its expert team of underwriters and a balanced, geographically diverse portfolio of business, Talbot has earned a reputation as an industry-leading insurance specialist.
How you will create an impact: The Capital Modelling team is responsible for maintaining the Talbot internal model to enable an efficient and timely delivery of the assessment, aggregation and reporting of all quantifiable risks to inform decision making as well as to meet regulatory requirements.
- Key responsibilities:
- Internal Model development: Lead with the development of business-related functionality and outputs that will support the business, leading on planned Igloo developments within the team. Developments are conducted in line with the Internal Model Change Policy.
- Production of the Solvency UK/Lloyd’s regulatory capital reporting requirements for S2478. This includes, but is not limited to, the SCR submissions to Lloyd’s (i.e. LCR forms and all other associated returns), application of the Internal Model Change Policy for model updates and the production of the annual PRA Internal Model Output (“IMO”) submissions to Lloyd’s.
- Business planning process: Assist with the Internal Model use within the business: for example, supporting Group strategic initiatives.
- Collaborate with teams across the syndicate to ensure the Internal Model adequately reflects the latest view of the syndicate risk profile and to contribute to the validation of the Internal Model.
- Support effective Internal Model governance and to produce/ present internal model analysis/documentation to senior management and the Internal Model Governance Committee (“IMGC”).
- Promote, encourage, and support model use across the business.
- Conducting ad hoc analysis/investigations as they may arise including assisting across other areas of the team: for example, business planning investigations, stress and scenario testing, ORSA, AFR.
- Identifying and documenting Internal Model Limitations in line with Internal Model Limitations Statement of Operating Practice.
What you’ll need to succeed:
- General Insurance experience, ideally in capital modelling in the Lloyd’s market.
- Enthusiastic and hardworking, must enjoy working with other areas of the business.
- Excellent Igloo coding/analysis skills and a good working knowledge of Excel, Word and PowerPoint.
- Enjoys coding/modelling in Igloo and investigating/solving problems.
- Quantitative background is necessary.
- Excellent communication skills, both written and oral.
AIG provides equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran status, disability or any other legally protected categories. AIG is committed to working with and providing reasonable accommodations to job applicants and employees with disabilities.
Capital Modelling Analyst in London employer: American International Group (AIG)
At AIG, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London where collaboration and innovation thrive. Our comprehensive Total Rewards Program ensures that our employees' health, wellbeing, and professional development are prioritised, while our commitment to inclusion fosters a culture where every individual is valued and empowered to grow. Join us to be part of a forward-thinking team that is dedicated to making a meaningful impact in the insurance industry.
Contact Details:
American International Group (AIG) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Capital Modelling Analyst in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Capital Modelling Analyst in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at American International Group (AIG).
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at American International Group (AIG). Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at American International Group (AIG)
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at American International Group (AIG) to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at American International Group (AIG), they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding American International Group (AIG)'s values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
