At a Glance
- Tasks: Assist in managing capital strategies and reporting for a leading insurance group.
- Company: Join Chaucer, a top player in the global insurance market.
- Benefits: Flexible working arrangements, diverse culture, and opportunities for growth.
- Other info: Dynamic environment with a commitment to diversity and inclusion.
- Why this job: Make a real impact in capital management while working with industry experts.
- Qualifications: Experience in financial services; insurance knowledge is a plus.
The predicted salary is between 63000 - 77000 £ per year.
This role is primarily responsible for helping the management of Chaucer’s capital both at a group level and an underlying subsidiary level. This includes helping on the following: formulating the capital policy; the related risk framework; the dividend strategy; debt equity composition strategy; corporate structure planning; underwriting entity available capital plans and then the execution and oversight of said strategies. All capital management related reporting to boards, Finance & Investment Committee, Exec Team, regulators, parent company and other stakeholders is included in the remit.
Main duties
- Capital Management Execution
- To assist the Deputy Head of Capital Management on the annual capital planning reporting and approval exercise with China Re.
- To run the quarterly and annual capital rebalancing and profit distribution exercises with Lloyd’s for the Chaucer Syndicates.
- To run any capital rebalancing exercises for the Irish underwriting entity.
- To assist or run the execution of any debt structures, be it tier 1 or tier 2 solutions, liaising with lawyers and banks.
- To own the execution as required on any capital restructuring per the agreed capital strategy.
- Capital Reporting
- To own production of all capital reporting to Group Head of Investments & Treasury.
- To own all capital related MI reporting including to the following stakeholders: CFO, Exec Team, Finance & Investment Committee, Boards.
- To own all capital related reporting to China Re including all regular reporting and ad-hoc requests.
- To own all regulatory and statutory capital related reporting including Lloyd’s returns, group financial statements, local returns.
- To own all the submissions to rating agencies.
- To own all return on capital reporting and analysis.
- Capital Management Strategy
- To help produce the Capital Policy, with the related risk framework, and submission for approval from the relevant Committees and Boards.
- To work with the Deputy Head of Capital Management and Group Head of Investments & Treasury on formulating and analysing optimal capital structures for the Group and subsidiaries within.
- To help create a longer-term capital management plan for the Group including equity from parent and debt.
- To help create a capital plan for the underwriting entities: For the Lloyd’s of London business understanding and planning for the Lloyd’s capital cycle and for the Irish business understanding the rating agency and CBI requirements.
- To help formulate the dividend policy to parent, working closely with China Re, Capital Modelling, Tax and Finance.
- To work closely with the Group Head of I&T, CFO, CRO and Capital Modelling team in formulating capital efficient solutions, including reinsurance contracts (both intergroup and external), during the business planning process.
- To produce analysis and recommendations to the Group Head of I&T and CFO on optimal debt and equity composition of the group capital stack.
- Produce relevant papers seeking approval from Boards, Finance & Investment Committee, Execs, parent company as required to approve of any strategy changes.
- To help produce the debt strategy, identifying key banks and their capacity to lend.
- Other responsibilities
- To be a key contact for all capital related queries from China Re.
- To be a key contact for Lloyd’s of London on all capital related matters.
- To work closely within the Investment & Treasury team to understand future investment and cash flow needs and adjust the capital plans accordingly.
- To be the main contact on capital planning for the capital modelling team.
- Whilst this role is primarily capital focused we envisage helping the Deputy Head of Investments on pulling together investment analysis on occasion.
Our requirements
- Relevant experience
- Proven experience working in financial services.
- Insurance industry experience (desirable).
- Technical skills
- Knowledge of capital processes and company balance sheets.
- Excellent Excel, PowerPoint, report writing, Bloomberg skills.
- Education & Experience
- Part or fully qualified Actuary or Accountant (long standing experience will be accepted).
- Personal skills
- Highly motivated and confident individual with positive work ethic.
- Excellent at managing own workload and working on own initiative.
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Capital Analyst in London employer: Chaucer Underwriting Services
Chaucer is an exceptional employer, offering a dynamic work environment within the Actuarial pricing team in London, where you will gain invaluable experience in general insurance pricing. With a strong commitment to employee growth, we provide actuarial study support towards your qualification, alongside a culture that values diversity and inclusivity, ensuring every team member is respected and empowered. Join us to collaborate with industry experts and contribute to innovative pricing models that protect global industries.
Contact Details:
Chaucer Underwriting Services Recruitment Team
StudySmarter Expert Advice🤫
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