Lead Capital Modelling Actuary - Antares at Lloyd's

Entity Model Delivery

• End-to-end ownership of the capital model for the assigned entity.
• Manage parameterisation, calculation kernel updates, and production runs.
• 100% on-time delivery of model runs for regulatory and business milestones.
• All model movements fully explained and attributed (P&L attribution).
• Improve internal model use and buy-in within the business.
• Increased model use by the business.
• Improved quality of outputs for other departments.

Regulatory & Risk Delivery

• Prepare data for regulatory returns.
• Execute model validation runs and investigations requested by the risk department.
• Zero resubmissions required due to error.
• Risk department validation queries addressed within agreed SLAs.
• Submission packs delivered for sign-off 48 hours prior to deadline.

Methodology & Consistency

• Lead the technical development of the model.
• Ensure consistency of assumptions with reserving, pricing and exposure management where possible.
• Inconsistencies with other areas are identified, justified, or aligned.
• Propose enhancements to capital modelling methodology and parameterisation process.
• Successful implementation of agreed model change items.
• Methodology changes approved by IMEG.
• Lead the updating and setting of new model parameters.
• Updated parameters are proposed based on the latest data.
• Movements in results are explained.
• Continually develop understanding of the technical aspects of capital modelling concepts.
• Technical understanding is utilised to explain changes in results, and implement improvements to parameterisation and modelling methodology.
• Concepts are explained well to others in the team and other stakeholders around the company if required.

Reporting & Business Insight

• Production of internal capital reports and validation logs.
• Reports are accurate, clear, and error-free.
• Conduct ad-hoc investigations (e.g., reinsurance testing, investment testing, business planning).
• Stakeholders confirm understanding of model outputs provided.
• Prepare appropriate materials for various internal committees.
• Reports are produced by the deadline.
• Effective input to the business planning and internal model processes and contribution to the achievement of the group’s business plan.
• Inputs to business planning delivered to finance/strategy on schedule.

Documentation & Audit Trail

• Maintain impeccable audit trails: version control, file notes, assumption logs, expert judgement logs, limitations log and data directories.
• Audit trails are complete and accessible for all runs.
• Independent validation raises no “High” priority documentation issues.

Team Management

• Provide clear direction, goals, targets and constructive feedback for team members.
• Amalgamate personal objectives of team members with those of the company.
• Foster collaboration within and across teams.
• Drive culture through open communication and demonstrated leadership behaviour.
• Develop and implement the annual performance review process including objective development and development plans for team members.
• Support team in identifying and addressing performance gaps, career aspirations and strategies for retention of key talent.
• Team member compliance with regulatory activities and company policies and procedures.
• Employees know and understand company goals.
• Team initiatives, work and priorities are clearly defined and understood.
• Team members are performing in line with expectations of agreed objectives.
• Collaboration within and across teams runs smoothly.
• Any performance or knowledge gaps or misconduct/breaches are swiftly managed with HR assistance if applicable.
• Objectives and review are completed in a timely manner.
• Engagement levels, observation and feedback from team members.
• Active participation in relevant management personal development activity.
• Employees behaviour matches company culture.

Process Optimisation

• Identify opportunities to streamline the modelling process (e.g., automation of data feeds or reporting capability) to maximise operational efficiency.
• Measurable reduction in manual process time or model runtime.
• Successful deployment of automated tools/scripts.

Leadership

• Maintain an open dialogue and forge relationships with other relevant departments.
• Motivating and engaging junior staff.
• Positive feedback from colleagues.
• Low staff turnover rate.

Flexible Support

• Actively contribute to the workload of entity/RI leads during peak periods or when activity is low.
• Seamless integration into entity/RI teams during peak periods.
• Assigned tasks from entity/RI leads completed to quality/deadline.
• Support regulatory submissions and general model updates.
• Utilisation rate remains high throughout the year.

Health & Safety

• Takes responsibility for own and colleagues’ health & safety at all times.
• Statutory, personal and company health & safety policy regulations are adhered to.

Conduct Risk & GDPR

• To ensure customers are treated fairly at all times, in accordance with the conduct risk policy and other relevant policies and procedures.
• Compliance with applicable regulatory requirements and Lloyd’s principles (where applicable) and Antares global policies and procedures.
• Satisfactory performance as reflected in relevant conduct risk MI.
• To be aware and adhere to all obligations under GDPR, ensuring that the business complies with these requirements.
• Adherence to Antares global policies and procedures in relation to GDPR.
• To avoid breaches and to report them to the data protection officer when they occur regardless of whether electronic or on paper.
• Timely completion of ongoing training in relation to GDPR.