At a Glance
- Tasks: Support capital modelling and contribute to regulatory reporting and strategic initiatives.
- Company: Well-established specialty insurer with a dynamic actuarial function.
- Benefits: Opportunity for career growth and exposure to senior stakeholders.
- Why this job: Deepen your capital expertise in a collaborative and innovative environment.
- Qualifications: Nearly or newly qualified actuary with strong analytical skills.
- Other info: Engage with cross-functional teams and enhance your professional network.
The predicted salary is between 36000 - 60000 Β£ per year.
We have partnered with a well-established specialty insurer to recruit a Capital Actuary into their actuarial function. This role sits within the capital modelling team and plays a key part in internal model development, regulatory reporting, and strategic capital decision-making, with exposure to senior stakeholders and cross-functional committees.
Key responsibilities:
- Support the capital modelling function, including ongoing development and maintenance of the internal model.
- Play an integral role in the Lloyd's Capital Return (LCR) process.
- Support embedded model uses such as reinsurance optimisation, capital allocation, and strategic initiatives (e.g. new classes and portfolio optimisation).
- Contribute to regulatory and risk reporting including SCR, PRA returns, LCM returns, and ORSA.
- Communicate model outputs clearly and enhance management information.
- Work closely with underwriting, risk, and actuarial teams to expand internal model use across the business.
- Outside peak capital periods, support reserving, pricing, and portfolio analytics activities.
This is an excellent opportunity for a nearly or newly qualified actuary to deepen their capital expertise within a dynamic specialty insurance environment, with broad exposure across capital, strategy, and wider actuarial work.
Capital Actuary in Bolton employer: High Finance (UK) Limited
Contact Detail:
High Finance (UK) Limited Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Capital Actuary in Bolton
β¨Tip Number 1
Network like a pro! Reach out to professionals in the insurance and actuarial fields on LinkedIn. Join relevant groups and participate in discussions to get your name out there and show your interest in capital modelling.
β¨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of regulatory reporting. Be ready to discuss how you can contribute to the Lloyd's Capital Return process and other key responsibilities mentioned in the job description.
β¨Tip Number 3
Donβt underestimate the power of follow-ups! After an interview, send a quick thank-you email to express your appreciation and reiterate your enthusiasm for the role. It keeps you fresh in their minds!
β¨Tip Number 4
Apply through our website for the best chance at landing that Capital Actuary role. Weβre always looking for talent, and applying directly shows your commitment and interest in joining our team!
We think you need these skills to ace Capital Actuary in Bolton
Some tips for your application π«‘
Tailor Your CV: Make sure your CV highlights relevant experience in capital modelling and actuarial functions. We want to see how your skills align with the key responsibilities mentioned in the job description.
Craft a Compelling Cover Letter: Use your cover letter to tell us why you're passionate about the role of Capital Actuary. Share specific examples of your past work that relate to internal model development and regulatory reporting.
Showcase Your Communication Skills: Since this role involves communicating model outputs clearly, make sure your application reflects your ability to convey complex information simply. We appreciate clarity and conciseness!
Apply Through Our Website: We encourage you to apply directly through our website for a smoother process. It helps us keep track of your application and ensures you donβt miss any important updates from us.
How to prepare for a job interview at High Finance (UK) Limited
β¨Know Your Numbers
As a Capital Actuary, you'll be dealing with complex models and data. Brush up on your technical skills and be ready to discuss specific examples of how you've contributed to capital modelling or regulatory reporting in the past. This will show your potential employer that youβre not just familiar with the concepts but can apply them effectively.
β¨Understand the Business
Familiarise yourself with the specialty insurance sector and the specific challenges it faces. Research the companyβs recent projects or initiatives related to capital allocation or model development. This knowledge will help you engage in meaningful conversations during the interview and demonstrate your genuine interest in the role.
β¨Communicate Clearly
Youβll need to communicate complex model outputs to various stakeholders. Practice explaining your previous work in simple terms, focusing on the impact of your contributions. This will not only showcase your technical expertise but also your ability to convey important information effectively.
β¨Prepare for Scenario Questions
Expect questions that assess your problem-solving skills and decision-making process. Think of scenarios where you had to optimise capital allocation or support regulatory reporting. Prepare structured responses using the STAR method (Situation, Task, Action, Result) to clearly outline your thought process and outcomes.