At a Glance
- Tasks: Lead capital modelling processes and deliver insightful reports to stakeholders.
- Company: Join SCOR, a global reinsurer with a focus on innovation and risk management.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Collaborative team culture with excellent growth opportunities.
- Why this job: Make a real impact in the insurance industry while advancing your actuarial career.
- Qualifications: Experience in capital modelling and strong analytical skills required.
The predicted salary is between 36000 - 60000 £ per year.
Are you an ambitious actuarial professional ready to play a key role in the capital modelling processes of a global (re)insurer? SCOR is seeking a Senior Capital Modelling Actuary to join our expert team, supporting Lloyd's submissions and internal model delivery. As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk.
Key Responsibilities:
- Take early ownership of the BAU running of the Internal Capital model, parameterisation and maintenance of the model.
- Work with stakeholders across the business to parameterise and validate inputs to the internal model.
- Implement internal model changes as required in line with the Capital Modelling Plan.
- Deliver a regular capital report to SCOR stakeholders and the Internal Model Steering Group explaining results, key movements and key assumptions/uncertainties relating to the Lloyd's Capital Return (LCR) submission.
- Update the LCR and supplementary forms in line with the Lloyd's capital timetable.
- Perform first line model validation and assist with the validation report.
- Perform the quarterly Lloyd's Catastrophe Model (LCM) process.
- Contribute to business planning, outwards reinsurance purchase and technical provisions processes.
- Update the standard formula and Internal Model Output (IMO) templates annually.
- Manage SCOR Internal Model requests to enhance integration with the SCOR Group model.
- Support the business to gain insights from the use of the capital model.
- Maintain model documentation and write new documentation as required.
- Stay abreast of best practice to ensure that all actuarial work is of the highest standard and SMA continues to meet the tests and standards of the Solvency II Directive, and to maintain SMA's rating against the Lloyd's Principles for Doing Business.
We are ideally looking for candidates who have the following experience and skills:
- Experience in general insurance capital modelling working in a Lloyd's syndicate or London Market.
- Knowledge of Tyche, SQL, RMS, Economic Scenarios Generators would be an advantage.
- Advanced Excel skills/Python and with a good working knowledge of VBA.
- Good actuarial exams progress with the Institute and Faculty of Actuaries or equivalent.
- Knowledge of Lloyd's requirements and understanding of how they affect the business.
- Preferred Solvency II regulatory understanding.
Personal Competencies:
- Confidence to take on the responsibility and ownership of the day to day running of the model at an early stage, including the presentation of the results at the key stakeholders across the business.
- Be comfortable working through technical problems at a granular level.
- Excellent interpersonal verbal and written skills that enable the candidate to communicate effectively with colleagues and capital committees.
- Integrity: be honest and professional in all dealings with colleagues.
- An independent thinker with an analytical mindset.
- Flexibility: the ability to manage workload and prioritise different tasks.
- Ability to work collaboratively with others in the Capital Team.
If this sounds like the next step you are looking for then please don’t hesitate to apply.
Senior Capital Actuary employer: SCOR
SCOR is an exceptional employer located in the heart of London, offering a dynamic work environment that fosters innovation and collaboration among its actuarial professionals. With a strong commitment to employee development, SCOR provides ample opportunities for growth and advancement within the global reinsurance sector, alongside competitive benefits and a culture that values integrity and teamwork.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Capital Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial field, especially those who work at SCOR or similar companies. A friendly chat can lead to insider info about the role and even a referral!
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Make sure you can confidently discuss capital modelling processes and tools like Tyche and SQL. We want to see that you’re not just a paper tiger!
✨Tip Number 3
Showcase your soft skills! Being able to communicate complex ideas clearly is key in this role. Practice explaining your past projects and how you collaborated with stakeholders to get your point across.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining the SCOR team. Let’s make it happen!
We think you need these skills to ace Senior Capital Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Senior Capital Actuary role. Highlight your experience in capital modelling and any relevant skills like SQL or Python. We want to see how your background fits 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 at SCOR and how your skills align with our needs. Keep it concise but impactful – we love a good story!
Showcase Your Achievements:Don’t just list your responsibilities; showcase your achievements! Use specific examples of how you've contributed to previous teams or projects, especially in capital modelling. We want to see the impact you’ve made!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s straightforward and ensures your application goes directly to us. Plus, it shows you’re keen on joining the SCOR team!
How to prepare for a job interview at SCOR
✨Know Your Capital Modelling Inside Out
Make sure you have a solid grasp of capital modelling processes, especially in relation to Lloyd's submissions. Brush up on your knowledge of Tyche, SQL, and RMS, as these tools are likely to come up during the interview.
✨Prepare for Technical Questions
Expect to dive deep into technical problems during your interview. Be ready to discuss how you would handle model validation and parameterisation. Practising common actuarial scenarios can help you articulate your thought process clearly.
✨Showcase Your Communication Skills
Since you'll be presenting results to stakeholders, it's crucial to demonstrate your interpersonal skills. Prepare examples of how you've effectively communicated complex information in the past, and be ready to explain your approach to collaboration.
✨Demonstrate Your Analytical Mindset
SCOR is looking for independent thinkers with strong analytical skills. Be prepared to discuss how you've tackled challenging problems in your previous roles, and highlight any innovative solutions you've implemented in capital modelling or risk management.
