At a Glance
- Tasks: Support capital modelling and financial projections for Flood Re's strategic initiatives.
- Company: Flood Re, a leading organisation in flood risk management.
- Benefits: Competitive salary, professional development, and collaborative work environment.
- Other info: Opportunity to work with experienced professionals and enhance your career in a vital sector.
- Why this job: Join a dynamic team making a real impact on flood risk management and financial strategy.
- Qualifications: Experience in actuarial science and strong analytical skills required.
The predicted salary is between 63000 - 77000 £ per year.
The Senior Capital Actuary will be responsible for supporting the Head of Capital and Chief Actuary to maintain, further develop and use Flood Re’s capital modelling capabilities with the primary focus of fulfilling Flood Re’s goals in the following areas: Financial and Capital Requirement Projection and Reporting Strategic Model uses including business planning and reinsurance analysis as well as the annual ORSA stress and scenario testing and Parliamentary review of key business and scheme parameters.
The role will work closely with the Head of Capital and the Chief Actuary and will be responsible for the day-to-day operation and strategic use of the capital model.
You will be working within a team of experienced capital modellers who are at the very heart of Flood Re’s financial assessments and strategic activity.
The Flood Re Capital Model is heavily utilised across the business from typical annual / triennial activities such as business planning and reinsurance programme assessments to more ad-hoc uses to support Flood Re’s Quinquennial Parliamentary Review and 2039 Transition Activity.
Support the ongoing maintenance and development of the Flood Re Partial Internal Model in line with Solvency UK (SUK) and IFRS reporting standards, including overseeing SCR and Standard Formula submissions.
Enhance and adapt the model by incorporating innovative methodologies and aligning it with evolving market conditions.
Facilitate the effective use of the capital model across key strategic initiatives, including business planning, reinsurance analysis, parliamentary reviews of core parameters, and other critical risk areas.
Apply the model and its outputs to address ad hoc business needs and strategic questions, including post-event financial assessments (e. g. flood events), investment portfolio changes, and adjustments to scheme design.
Produce and communicate model outputs for a wide range of stakeholders, supporting areas such as strategy, business planning, reinsurance purchasing, capital management, risk appetite monitoring, and ORSA.
Prepare clear materials and present findings to relevant risk owners across the business.
Support the Head of Capital and Chief Actuary in managing relationships with key internal and external stakeholders, including external model validators, the PRA, GAD, and the UK Government.
Ensure high standards of data integrity and accuracy by identifying, measuring, and resolving data quality issues, and clearly communicating anomalies to management.
Act as a key point of contact within the actuarial team for capital modelling and financial projection queries, promoting collaboration and effective information sharing.
Work collaboratively with other members of the wider actuarial teams (Reserving, Cat modelling validating and stress-testing results.
Strong governance mindset – understanding model validation, documentation, and regulatory expectations.
Ethical integrity – adherence to actuarial standards and public responsibility.
Delivery
Wanted: FTC Senior Capital Actuary employer: Flood Re Limited
Flood Re Limited is an exceptional employer that fosters a collaborative and innovative work culture, where employees are encouraged to develop their skills and grow within the organisation. Located in a dynamic environment, the company offers competitive benefits and unique opportunities to engage in meaningful projects that contribute to flood risk management, making it a rewarding place for actuaries looking to make a real impact.
