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- Tasks: Lead capital modelling, optimise reinsurance programmes, and evaluate new business opportunities.
- Company: Exciting start-up syndicate with a dynamic and collaborative environment.
- Benefits: Competitive salary, discretionary bonus, pension contributions, and flexible working arrangements.
- Why this job: Step into a pivotal role and shape the future of a new syndicate.
- Qualifications: Experienced actuary in capital modelling with strong business acumen.
- Other info: Opportunity for significant career growth in a fast-paced start-up.
I am working with a new start-up syndicate to recruit their first head of capital modelling. This is an exclusive, retained search. The role will initially be stand-alone and will include a mix of regulatory duties (e.g. LCR submissions) coupled with a lot of business value-add work, to include (but not limited to) capital optimisation, modelling and optimising reinsurance programmes, working closely with the active underwriter and management team to evaluate new opportunities (including potential new teams), speaking with third party capital providers etc.
As such we need an actuary who is experienced in capital modelling, but above all, has some business nous and is willing to take a flexible approach to work. The client's office attendance policy is 2 days/week in the office, although 3 days per week in the first year would be a good mix as the syndicate is starting up. The vast majority of stakeholders are not actuaries, so the role holder will need to adapt their approach and style. Daily contact with the senior management team is a given.
Lloyd's experience is probably a given (you will be responsible for the LCR after all) but a highly capable fast learner from commercial or personal lines will also be considered.
This role would suit a variety of profiles:
- a strong #2 or #3 in a larger capital team who wants to step up to be a "head of capital"
- a consultant with either capital or mixed experience (to include capital) who wants to transition in-house
- an experienced capital actuary who perhaps wants a career change and to go back to a hands-on role in a start-up environment as opposed to doing loads of meetings
Total package (base, discretionary bonus, pension contributions from employer) in the range of £220-£235k.
Head of Capital Modelling in Slough employer: Hanover
Contact Detail:
Hanover Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Head of Capital Modelling in Slough
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who have experience in capital modelling. A friendly chat can lead to opportunities that aren’t even advertised yet.
✨Tip Number 2
Show off your skills! Prepare a portfolio or case studies that highlight your experience in capital optimisation and modelling. This will help you stand out during interviews and showcase your business nous.
✨Tip Number 3
Be flexible and adaptable! Since the role involves working with non-actuaries, practice explaining complex concepts in simple terms. This will help you connect better with the management team and stakeholders.
✨Tip Number 4
Apply through our website! We’ve got loads of resources to help you prepare for interviews and get noticed by employers. Plus, it’s a great way to stay updated on new opportunities in the capital modelling space.
We think you need these skills to ace Head of Capital Modelling in Slough
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the specific skills and experiences that align with the Head of Capital Modelling role. Highlight your capital modelling expertise and any relevant regulatory experience, as this will catch our eye!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share your passion for capital optimisation and how your business nous can add value to our new syndicate.
Showcase Your Flexibility: We’re looking for someone who can adapt their approach to work with various stakeholders. In your application, give examples of how you've successfully navigated different working styles or environments in the past.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to keep track of your application and ensure it gets the attention it deserves.
How to prepare for a job interview at Hanover
✨Know Your Numbers
As a candidate for the Head of Capital Modelling, you need to be on top of your game with capital modelling concepts. Brush up on LCR submissions and capital optimisation strategies. Be ready to discuss specific examples from your past experience that demonstrate your expertise in these areas.
✨Show Your Business Savvy
This role isn’t just about numbers; it’s about adding business value. Prepare to talk about how you've used your actuarial skills to drive business decisions or optimise processes. Think of instances where your insights led to tangible improvements or new opportunities.
✨Adapt Your Communication Style
Since most stakeholders won’t be actuaries, practice explaining complex concepts in simple terms. Use relatable examples to illustrate your points. This will show that you can bridge the gap between technical details and business needs, which is crucial for this role.
✨Be Flexible and Open-Minded
The start-up environment requires adaptability. Be prepared to discuss how you've successfully navigated change in previous roles. Highlight your willingness to take on various responsibilities and collaborate with different teams, especially in a dynamic setting like this one.