At a Glance
- Tasks: Maintain and run the IQUW capital model to meet regulatory and business needs.
- Company: Join IQUW, a dynamic specialty (re)insurer at Lloyd’s with a collaborative culture.
- Benefits: Enjoy a competitive salary, 25 days holiday, and professional development support.
- Other info: Hybrid working model with excellent career growth opportunities.
- Why this job: Make a real impact in capital modelling while working with cutting-edge technology.
- Qualifications: FIA qualified actuary with strong IT skills and capital modelling experience.
The predicted salary is between 36000 - 60000 £ per year.
About us IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.
Role Overview Responsible for maintaining and running parts of the IQUW capital model to meet regulatory and internal stakeholder requirements. Assist the Managing Agency Head of Capital in providing support to the Board and senior management in matters relating to capital requirements and business uses for the capital model. Maintain the data sets and processes necessary to operate the model. We are looking for a collaborative, determined, and agile candidate to maintain and adapt the internal model and underlying processes to reflect the rapidly changing risk profile of the company. We currently operate a hybrid working model: 3 days per week collaborating with colleagues in the office, and 2 days working from home.
Key Responsibilities
- Support the Capital Modelling Team to maintain and update the internal model to meet Lloyd’s capital requirements and business needs.
- Work with the business to update model calibration.
- Build and develop process improvements to streamline inputs, model processes and output reporting.
- Updating data and parameters in the internal model, running the model and sense-checking outputs.
- Develop the internal model to meet the changing needs of the business and of Lloyd’s.
- Contribute to solving problems arising from running and changing the model, and assume key responsibility in testing the model, including being able to make model code changes.
- Fulfil documentation requirements of the internal model.
- Meet Lloyd’s submission requirements and deadlines.
- Support business uses of the capital model.
- Support the validation process as necessary.
Qualifications, Skills And Experience
- Actuarial skills at the level of an FIA qualified UK actuary.
- Strong IT skills, knowledge of Tyche strongly preferred.
- Capital modelling experience and knowledge, including both Lloyd’s and Solvency II requirements.
- Knowledge of general insurance, including property and specialty lines of business.
- Strong communication skills.
Benefits
- Competitive Benchmarked Salary
- 25 days holiday
- Discretionary bonus scheme
- Employee assistance programme
- Annual holiday buy (up to 3 extra days)
- Salary sacrifice benefits
- Annual benefits reviews
- The option for professional qualifications and study support
Additional Information A full job description can be seen here.
Capital Modelling Actuary employer: IQUW
IQUW is an exceptional employer, offering a dynamic work environment where collaboration and innovation thrive. With a hybrid working model that promotes work-life balance, employees benefit from competitive salaries, generous holiday allowances, and opportunities for professional development. The company's commitment to employee growth and its supportive culture make it an ideal place for actuaries looking to make a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Capital Modelling Actuary
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even hit up LinkedIn. The more you engage with others, the better your chances of hearing about job openings before they’re even advertised.
✨Show Off Your Skills
When you get the chance to chat with potential employers, don’t hold back! Share specific examples of how you've tackled challenges in capital modelling or improved processes. This is your time to shine and show them what you can bring to the table.
✨Tailor Your Approach
Every company is different, so make sure you tailor your conversations to fit IQUW’s needs. Research their capital model and think about how your experience aligns with their goals. This shows you’re genuinely interested and ready to contribute.
✨Apply Through Our Website
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the team at IQUW and ready to dive into the exciting world of capital modelling.
We think you need these skills to ace Capital Modelling Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Capital Modelling Actuary role. Highlight your actuarial qualifications, IT skills, and any relevant capital modelling experience to 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 IQUW. Mention your collaborative spirit and how you can adapt to the changing risk profile of our company.
Showcase Your Communication Skills:Strong communication is key in this role. In your application, demonstrate how you've effectively communicated complex ideas in the past, especially in relation to capital modelling or regulatory requirements.
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 from us!
How to prepare for a job interview at IQUW
✨Know Your Numbers
As a Capital Modelling Actuary, you'll need to be comfortable with data and numbers. Brush up on your knowledge of capital modelling, Lloyd’s requirements, and Solvency II regulations. Be ready to discuss how you've applied these in past roles or projects.
✨Showcase Your IT Skills
Familiarity with Tyche is a big plus for this role. If you have experience with it, make sure to highlight specific instances where you've used it effectively. If not, consider doing a quick online tutorial to get a basic understanding before the interview.
✨Communicate Clearly
Strong communication skills are essential. Practice explaining complex actuarial concepts in simple terms. This will not only help you during the interview but also demonstrate your ability to collaborate with non-technical stakeholders.
✨Prepare for Problem-Solving Questions
Expect questions that assess your problem-solving abilities, especially related to model changes and testing. Think of examples from your previous work where you successfully tackled challenges in capital modelling or data management.
