Capital Actuary

Capital Actuary

Full-Time 36000 - 60000 Β£ / year (est.) No home office possible
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At a Glance

  • Tasks: Support capital modelling and contribute to regulatory reporting and strategic initiatives.
  • Company: Well-established specialty insurer with a dynamic actuarial team.
  • Benefits: Gain valuable experience and exposure to senior stakeholders in the insurance industry.
  • Why this job: Deepen your capital expertise while working on impactful projects in a collaborative environment.
  • Qualifications: Nearly or newly qualified actuary with a passion for capital and risk management.
  • Other info: Excellent career growth opportunities and a chance to work across various 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.

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.

Opportunity and Qualifications

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.

Please apply for further information.

Capital Actuary employer: The Actuary

Join a leading specialty insurer that values innovation and collaboration, offering a vibrant work culture where your contributions directly impact strategic capital decision-making. With a focus on employee growth, you will have access to ongoing professional development opportunities and the chance to work closely with senior stakeholders in a supportive environment. Located in a dynamic market, this role as a Capital Actuary not only enhances your technical skills but also allows you to be part of a forward-thinking team dedicated to excellence in the insurance sector.
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Contact Detail:

The Actuary Recruiting Team

StudySmarter Expert Advice 🀫

We think this is how you could land Capital Actuary

✨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.

✨Tip Number 2

Prepare for interviews by brushing up on your technical skills and understanding of regulatory reporting. Be ready to discuss how you can contribute to the Lloyd's Capital Return process and other key responsibilities outlined in the job description.

✨Tip Number 3

Showcase your soft skills! Communication is key in this role, so practice explaining complex actuarial concepts in simple terms. This will help you connect with senior stakeholders and cross-functional teams during interviews.

✨Tip Number 4

Don’t forget to apply through our website! It’s 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

Capital Modelling
Regulatory Reporting
Internal Model Development
Lloyd's Capital Return (LCR) Process
Reinsurance Optimisation
Capital Allocation
Strategic Initiatives
SCR Reporting
PRA Returns
LCM Returns
ORSA Reporting
Communication Skills
Collaboration with Underwriting and Risk Teams
Reserving and Pricing Support
Portfolio Analytics

Some tips for your application 🫑

Tailor Your CV: Make sure your CV highlights relevant experience in capital modelling and actuarial functions. We want to see how your skills align with the responsibilities mentioned in the job description.

Craft a Compelling Cover Letter: Use your cover letter to tell us why you're passionate about the role of Capital Actuary. Share specific examples of your past work that relate to internal model development and regulatory reporting.

Showcase Your Communication Skills: Since this role involves communicating model outputs clearly, make sure your application reflects your ability to convey complex information simply. We love candidates who can bridge the gap between technical and non-technical stakeholders.

Apply Through Our Website: For the best chance of success, apply directly through our website. This ensures your application gets to the right people quickly and shows us you're serious about joining our team!

How to prepare for a job interview at The Actuary

✨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.

✨Understand the Business

Familiarise yourself with the specialty insurance sector and the company's position within it. Knowing about their recent strategic initiatives or challenges will help you engage in meaningful conversations during the interview.

✨Communicate Clearly

You'll need to convey complex model outputs to various stakeholders. Practice explaining your work in simple terms, focusing on how your contributions can enhance management information and support decision-making.

✨Show Team Spirit

Collaboration is key in this role. Be prepared to share examples of how you've worked closely with underwriting, risk, and actuarial teams in the past, and highlight your ability to expand internal model use across different functions.

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