At a Glance
- Tasks: Lead economic capital modelling and drive its commercial application across the business.
- Company: Specialty (re)insurer with a focus on innovation and technical excellence.
- Benefits: Autonomy, significant responsibility, and the chance to shape business strategy.
- Other info: Join a dynamic team and contribute to exciting cross-team initiatives.
- Why this job: Make a real impact in a senior role with opportunities for growth and influence.
- Qualifications: Qualified actuary with strong capital modelling experience and leadership skills.
The predicted salary is between 72000 - 88000 £ per year.
Arthur is delighted to be supporting a specialty (re)insurer who are seeking a commercially minded and analytically strong Head of Capital to take ownership of its economic capital modelling activities for designated business entities.
This is a high-profile role offering significant autonomy, responsibility for model development and delivery, and the opportunity to ensure economic capital outputs are embedded into wider business strategy and decision‑making.
The Role
Reporting into the Group Head of Capital Modelling, you will take end-to-end ownership of the economic capital models for your allocated entities, overseeing everything from parameterisation and model development through to validation, reporting and production runs.
You will also lead and develop a team of capital modelling professionals, acting as a key technical contact for stakeholders across the business.
Key responsibilities will include
- Full ownership of the economic capital models for designated entities, including parameterisation, calculation kernel updates and production runs.
- Driving the commercial application of economic capital outputs, ensuring capital metrics and return on capital measures inform business planning, pricing and reinsurance purchasing.
- Leading model development and research initiatives, ensuring models remain commercially relevant and technically robust.
- Reviewing and enhancing modelling methodologies, assumptions and parameters using the latest available data.
- Leading economic stress testing and macroeconomic scenario analysis to support risk appetite and ORSA processes.
- Producing internal capital reports and management information for senior stakeholders and committees.
- Working closely with Exposure Management, Pricing and Reserving teams to improve data integration and model accuracy.
- Managing, mentoring and developing junior capital modelling analysts.
- Supporting the wider capital modelling function during peak periods and contributing to cross‑team initiatives.
- Deputising for the Group Head of Capital Modelling at relevant committees when required.
About You
- A fully qualified actuarial qualification (IFo A or equivalent).
- A strong academic background in a quantitative discipline, such as Mathematics, Physics or Actuarial Science.
- Significant experience in capital modelling, including leading model development and full lifecycle delivery.
- Experience embedding model outputs into business decision‑making and demonstrating their commercial value.
- Advanced proficiency in capital modelling software, ideally Igloo, alongside experience with Economic Scenario Generators.
- A strong understanding of Solvency II and relevant UK and international regulatory frameworks.
- Technical expertise in economic scenario modelling, asset risk, inflation, interest rate movements and asset‑liability management.
- Experience undertaking model validation, attribution analysis and explaining complex movements in results.
- A track record of improving modelling processes through automation, coding enhancements and operational efficiencies.
- Previous experience managing, mentoring and developing junior analysts.
You will also be an effective communicator, comfortable influencing senior stakeholders and translating complex technical concepts into clear commercial insights.
The Opportunity
This is an excellent opportunity to take on a senior technical leadership position within a specialist insurance and reinsurance environment.
You will have genuine ownership of economic capital modelling, the ability to influence how models are used commercially and the opportunity to shape the development of both the modelling function and the wider team.
For an experienced capital modelling actuary looking for autonomy, technical challenge and broader business influence, this role offers an exciting next step.
Head of Capital employer: Arthur Recruitment
As a global insurer, we pride ourselves on fostering a dynamic and inclusive work culture that empowers our employees to take ownership of their roles. With a strong focus on professional development, we offer extensive growth opportunities and the chance to influence key underwriting strategies in the UK SME & Mid-Market sector. Our collaborative environment, combined with the support of an international network, makes us an exceptional employer for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Head of Capital
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Arthur Recruitment). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Arthur Recruitment. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Head of Capital
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 Arthur Recruitment.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Arthur Recruitment. 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 Arthur Recruitment
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Arthur Recruitment 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 Arthur Recruitment, 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 Arthur Recruitment'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.
