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- Tasks: Lead capital submissions and develop the Igloo Capital Model for high-quality outputs.
- Company: Join a leading firm in the insurance sector with a focus on innovation.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Why this job: Step into a leadership role and make a significant impact in capital modelling.
- Qualifications: Experienced actuary with capital modelling and reserving expertise.
- Other info: Collaborative environment with a chance to mentor aspiring actuaries.
The predicted salary is between 72000 - 108000 £ per year.
Your primary role will be to lead the Lloyd’s capital submissions and co-ordinate the use and development of the Igloo Capital Model to create high quality output that is communicated effectively to Lloyd's, the Syndicate board, and senior management.
The wider group's capital model is also Igloo-based and you will also lead the parameterisation of reserve risk for the syndicate and group.
We are looking for an experienced actuary who can bring capital modelling experience, which can be from a consultancy or other environments. Experience of reserving and reserve risk parameterisation would be very welcome, especially if this includes casualty classes.
You will need to demonstrate the ability to lead a team of two actuarial students and to establish constructive working relationships with key stakeholders and colleagues across the group. Key stakeholders will include Lloyd's and the INEDs.
This would be a great step-up for a senior actuary looking to move into a capital leadership role.
Head of Capital Modelling employer: Hanover
Contact Detail:
Hanover Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Capital Modelling
✨Tip Number 1
Network like a pro! Reach out to industry contacts and attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can help you land that dream job.
✨Tip Number 2
Prepare for interviews by practising common questions related to capital modelling and leadership. We suggest doing mock interviews with friends or mentors to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your experience effectively! When discussing your background, focus on specific projects where you led teams or improved processes. We want to see how you can bring value to the role of Head of Capital Modelling.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Head of Capital Modelling
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your capital modelling experience and any relevant skills. We want to see how your background aligns with the role, so don’t be shy about showcasing your achievements in consultancy or other environments.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for the Head of Capital Modelling role. Share specific examples of your experience with reserve risk parameterisation and leading teams, as this will resonate with us.
Showcase Your Leadership Skills: Since you'll be leading a team of actuarial students, it's important to highlight your leadership experience. We want to know how you've successfully managed teams in the past and built strong relationships with stakeholders.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates during the process!
How to prepare for a job interview at Hanover
✨Know Your Capital Modelling Inside Out
Make sure you brush up on your knowledge of capital modelling, especially the Igloo Capital Model. Be prepared to discuss how you've used it in previous roles and how you can apply that experience to lead the Lloyd’s capital submissions effectively.
✨Showcase Your Leadership Skills
Since you'll be leading a team of actuarial students, it's crucial to demonstrate your leadership abilities. Think of examples where you've successfully managed a team or project, and be ready to share how you foster collaboration and constructive relationships with stakeholders.
✨Prepare for Technical Questions
Expect technical questions related to reserving and reserve risk parameterisation, particularly in casualty classes. Brush up on relevant methodologies and be ready to explain your thought process clearly and confidently.
✨Communicate Effectively
As communication is key in this role, practice articulating complex ideas in a straightforward manner. Prepare to discuss how you would present high-quality outputs to the Syndicate board and senior management, ensuring clarity and engagement.
