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- Tasks: Support capital modelling, develop models, and prepare regulatory submissions.
- Company: Join a forward-thinking company shaping the future of finance.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Why this job: Make a real impact in capital modelling and mentor future talent.
- Qualifications: 2:1 degree in Mathematics or related field; qualified Actuary with capital modelling experience.
- Other info: Dynamic team with opportunities for growth and learning.
The predicted salary is between 36000 - 60000 £ per year.
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, and documentation. The Capital Modelling Actuary also assists with the development of Analysts within the team.
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.
- 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 communication skills both verbal and written.
- Organised, accountable, and autonomous.
- Commercial Awareness.
- Ability to lead some projects with minimal supervision.
- Ability to assist in drafting technical reports.
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.
- Provide 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.
Capital Modelling Actuary in City of London employer: Antaresunderwriting
Contact Detail:
Antaresunderwriting Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Capital Modelling Actuary in City of London
✨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 chat with folks in capital modelling, the better your chances of landing that dream job.
✨Show Off Your Skills
When you get the chance to interview, don’t just talk about your experience—show it! Bring examples of your work, like reports or models you've developed. This will help us see your skills in action and how you can contribute to our team.
✨Ask Smart Questions
During interviews, ask questions that show you’re genuinely interested in the role and the company. Inquire about the team’s current projects or challenges in capital modelling. This not only shows your enthusiasm but also helps you gauge if we’re the right fit for you.
✨Follow Up
After your interview, drop us a quick thank-you email. It’s a nice touch and keeps you on our radar. Plus, it shows you’re keen on the position and appreciate the opportunity to chat with us!
We think you need these skills to ace Capital Modelling Actuary in City of London
Some tips for your application 🫡
Show Off Your Maths Skills: Since we're after someone with a strong mathematical background, make sure to highlight your degree and any relevant experience in your application. We want to see how your skills align with the role of a Capital Modelling Actuary!
Tailor Your Application: Don’t just send a generic CV! Take the time to tailor your application to the job description. Mention specific experiences that relate to model parameterisation, development, and documentation – we love seeing how you fit into our team!
Communicate Clearly: Good communication is key for us, so ensure your written application is clear and concise. Use straightforward language to explain your experiences and how they relate to the role. We want to understand your thought process easily!
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of applications and ensures you don’t miss out on any important updates. Plus, it’s super easy!
How to prepare for a job interview at Antaresunderwriting
✨Know Your Numbers
As a Capital Modelling Actuary, you'll need to demonstrate your strong mathematical background. Brush up on key concepts in capital modelling and be ready to discuss how you've applied these in previous roles. Prepare to explain complex ideas simply, as communication is key!
✨Showcase Your Experience
Highlight any relevant experience you have with model parameterisation and development. Be specific about the software you've used, especially if you have Igloo experience. Share examples of projects where you've led initiatives or contributed significantly to team success.
✨Prepare for Technical Questions
Expect technical questions that test your understanding of capital modelling concepts. Review common regulatory requirements and be prepared to discuss how you've handled submissions in the past. This will show your familiarity with the industry standards and practices.
✨Demonstrate Leadership Skills
Since the role involves mentoring junior team members, be ready to discuss your coaching style and any experiences you've had in developing others. Share specific examples of how you've supported colleagues in their growth and how you can bring that to the team at Antares.
