At a Glance
- Tasks: Support capital modelling and contribute to strategic decision-making in a dynamic insurance environment.
- Company: Well-established specialty insurer with a focus on innovation and collaboration.
- Benefits: Gain valuable experience, work with senior stakeholders, and enhance your actuarial skills.
- Why this job: Deepen your capital expertise while making a real impact in the insurance industry.
- Qualifications: Nearly or newly qualified actuary with a passion for capital and risk management.
- Other info: Opportunity for broad exposure across capital, strategy, and actuarial functions.
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 Manchester 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 Manchester
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 knowledge. Be ready to discuss internal model development and regulatory reporting, as these are key aspects of the Capital Actuary role. Practice explaining complex concepts in simple terms to demonstrate your communication skills.
β¨Tip Number 3
Showcase your teamwork skills! Since this role involves working closely with underwriting, risk, and actuarial teams, be prepared to share examples of how you've collaborated effectively in the past. Highlight any cross-functional projects you've been involved in.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets noticed. Plus, we love seeing candidates who take the initiative to engage directly with us.
We think you need these skills to ace Capital Actuary in Manchester
Some tips for your application π«‘
Tailor Your CV: Make sure your CV is tailored to the Capital Actuary role. Highlight relevant experience in capital modelling, regulatory reporting, and any exposure to senior stakeholders. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background makes you a great fit. Donβt forget to mention your interest in working within a dynamic specialty insurance environment.
Showcase Your Technical Skills: Since this role involves internal model development and regulatory reporting, be sure to showcase your technical skills. Mention any specific software or methodologies youβre familiar with that relate to capital allocation and risk reporting.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you donβt miss out on 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 market 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 communication skills but also your ability to make data-driven decisions accessible to non-technical audiences.
β¨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and how you handle real-world scenarios. Think about past experiences where you had to optimise capital or support strategic initiatives. Prepare to discuss your thought process and the outcomes, as this will highlight your analytical skills and strategic thinking.