At a Glance
- Tasks: Maintain and run the IQUW capital model, ensuring compliance with regulatory requirements.
- Company: Join IQUW, a dynamic specialty (re)insurer at Lloyd's with a collaborative culture.
- Benefits: Enjoy 25 days holiday, competitive salary, 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 in London employer: IQUW
IQUW is an exceptional employer, offering a dynamic work environment where collaboration and innovation thrive. With a competitive salary, generous holiday allowance, and opportunities for professional development, employees are supported in their growth while enjoying a hybrid working model that promotes work-life balance. Located at Lloyd's, IQUW provides a unique chance to engage with diverse insurance products and contribute to meaningful projects within the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Capital Modelling Actuary in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at IQUW on LinkedIn. A friendly chat can give us insider info about the company culture and maybe even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your capital modelling knowledge. We should be ready to discuss how our skills align with IQUW's needs, especially around Lloyd's capital requirements.
✨Tip Number 3
Showcase our problem-solving skills! Be ready to share examples of how we've tackled challenges in previous roles, especially those related to model testing and data management.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure our application gets noticed and shows we’re genuinely interested in joining the IQUW team.
We think you need these skills to ace Capital Modelling Actuary in London
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 our fast-paced environment.
Showcase Your Problem-Solving Skills:In your application, give examples of how you've tackled challenges in previous roles. We love candidates who can think on their feet and contribute to improving processes!
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 understanding of capital modelling, especially Lloyd's and Solvency II requirements. Be ready to discuss how you've used data in past roles to make informed decisions.
✨Showcase Your IT Skills
Familiarity with Tyche is a big plus for this role. If you have experience with it, make sure to highlight that during the interview. If not, do some research and be prepared to discuss how your strong IT skills can help you quickly adapt to new software.
✨Collaboration is Key
IQUW values collaboration, so be ready to share examples of how you've worked effectively in teams. Discuss any experiences where you’ve collaborated with different departments to achieve a common goal, especially in relation to capital modelling or risk assessment.
✨Prepare for Problem-Solving Questions
Expect questions that assess your problem-solving abilities, particularly around model testing and adjustments. Think of specific challenges you've faced in previous roles and how you approached them. This will show your agility and determination in adapting to changing business needs.
