At a Glance
- Tasks: Lead capital modelling and risk analysis for innovative insurance solutions.
- Company: Join Chaucer, a top-tier insurance group at Lloyd’s.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Other info: Diverse and inclusive workplace with excellent career development opportunities.
- Why this job: Make a real impact in the insurance industry with cutting-edge modelling techniques.
- Qualifications: Qualified actuary with experience in capital modelling and project management.
The predicted salary is between 63000 - 77000 £ per year.
Co-ordination and provision of risk and capital analysis (regulatory and economic) for Chaucer’s managed syndicates and support for capital related work on other Chaucer entities. Manage the development of the capital model and support the Head of Capital Modelling in integrating the capital model with effective risk management. Communication and presentation of analysis and results to key internal (incl. senior management) and external stakeholders (incl. the parent company and regulator).
Manage the operation of processes to produce and deliver the regulatory and economic capital requirements (SCR / EC / Standard Formula) for all Chaucer managed syndicates; Support the Head of Capital Modelling in presenting and communicating modelled results and analysis to various stakeholders, including Boards, Committees, third party syndicates and capital providers; Manage parameterisation processes in line with issues raised by regulators, the validation process, business changes and industry best practice; Manage the assessment, escalation and actioning of limitations in capital modelling methodologies, processes and results; Manage the maintenance of Internal Model documentation in line with required tests and standards; Support in the validation of model outputs; Support the Head of Capital Modelling to ensure all capital modelling work is consistent with UK and international regulations and professional guidance; in particular - ensure the ongoing compliance of the Calculation Kernel with relevant Solvency UK Standards; Manage the capital model use framework for Chaucer and further embed use in decision making and risk assessment processes across the Group.
Liaise with senior management and key stakeholders to align model use to their needs through collaboration, education and providing insight. Ensure consistency in application of risk assessment across all uses and decision making. Support the optimisation of financial risk profile based on capital efficacy and risk-reward relationships (e.g. investment strategy, underwriting portfolio mix, outwards reinsurance strategy, new classes of business, M&A). Work closely with Outwards Reinsurance Team to model, assess and communicate impact of alternative structures, and provide portfolio insights to aid purchase strategy and optimisation. Manage delivery of earnings volatility and risk appetite assessments. Manage capital allocation process, including communication of output to end users. Manage capital model analyses for ad-hoc and strategic Group initiatives. Manage the development and maintenance of controls over all key capital modelling processes; Support the Risk function in the production of the ORSA, including analysis of risk aggregations and changes in risk profile, as well as stress and scenario testing; and Support the Head of Capital Modelling on the liaison with Lloyd’s and the PRA regarding technical elements of SCRs, or the ORSA.
Develop, manage and coach capital modelling team members so that they have appropriate opportunities and skills to perform their respective duties.
Relevant experience
- Essential
- General Insurance
- Actuarial
- Lloyd’s of London
- Capital modelling
- Stochastic modelling of insurance and other risks
- Experience of managing projects / others and being personally accountable for delivery
- Presenting to and communicating with senior stakeholders (written and verbal)
- Desirable
- Overseen production of Lloyd’s SCRs
- Interaction with regulators
- Portfolio optimisation
- Strategic model use
Technical skills
- Essential
- Good knowledge of Word, Excel and Powerpoint
- Good knowledge of Igloo or equivalent model software
- Understanding of the Solvency UK framework
- Desirable
- Igloo expert
- Technical competence with one or more programming languages (e.g. SQL, Python)
Education & Experience
- Essential
- Qualified actuary
- Desirable
- Statistical qualifications
- Enterprise Risk Management / CERA examination pass or equivalent
Personal skills
- Management aptitude
- Analytical skills
- Enjoys complex problems
- Ability to work in a team
- Ability to take and provide constructive challenge
- Able to work flexibly and adapt to changing conditions and priorities
- Hard working and committed to producing high quality output
- Able to liaise with staff at all levels
- Self-motivated and self-starter
- Excellent verbal and written communication skills
Other Responsibilities
- Participation in agency working groups and committees as required
Capital Modelling Manager employer: Chaucer Underwriting Services Limited
Chaucer is an exceptional employer that fosters a dynamic and inclusive work culture, prioritising employee development and mentorship within the Transport Logistics team. With a commitment to strategic innovation and commercial awareness, employees are empowered to lead and shape the future of the TL business while enjoying opportunities for growth and collaboration across global platforms. Located in a vibrant market, Chaucer offers a unique advantage for professionals seeking meaningful and rewarding careers in the marine underwriting sector.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Capital Modelling Manager
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Don’t shy away from reaching out directly to firms like Chaucer Underwriting Services Limited. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Capital Modelling Manager
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Chaucer Underwriting Services Limited.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
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How to prepare for a job interview at Chaucer Underwriting Services Limited
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Chaucer Underwriting Services Limited.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Chaucer Underwriting Services Limited will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Chaucer Underwriting Services Limited employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
