At a Glance
- Tasks: Lead capital modelling across multiple regulated entities and ensure compliance with Solvency II.
- Company: A leading international (re)insurance business with a strong reputation.
- Benefits: Competitive contract rate, flexible working arrangements, and opportunities for professional growth.
- Other info: Dynamic role with exposure to international regulatory environments and diverse teams.
- Why this job: Make a significant impact in the insurance sector while working with top-tier professionals.
- Qualifications: Extensive capital modelling experience and strong knowledge of Solvency II required.
The predicted salary is between 80000 - 100000 € per year.
A leading international (re)insurance business is seeking an experienced capital modelling professional to lead capital modelling activity across multiple regulated entities, including Lloyd’s and European operations.
Key responsibilities include:
- Ownership of internal models
- SCR production
- Validation reporting
- Solvency II and Lloyd’s compliance
- ORSA support
- Stress testing and capital forecasting
- Overseeing outsourced providers
- Managing capital modelling resources
- Supporting senior management, regulators, rating agencies and external capital providers on capital-related matters
Candidates should have significant capital modelling experience within the Lloyd’s or wider insurance market, strong knowledge of Solvency II and internal model governance, and experience managing teams and external providers. Exposure to multiple entities, international regulatory environments and capital modelling platforms such as Igloo would be advantageous. Strong stakeholder management, communication and organisational skills are essential.
Those currently interested in stepping into a contract role who are in permanent positions as Head of Capital or Senior Capital jobs are welcome to apply, as well as those currently in capital contract roles whose assignments are coming to an end.
Contractor - Head of Capital employer: The Actuary
Join a leading international (re)insurance business that values expertise and innovation in capital modelling. With a strong commitment to employee development, we offer a collaborative work culture that encourages professional growth and provides opportunities to engage with diverse regulatory environments. Our London location not only places you at the heart of the insurance industry but also offers a vibrant city life, making it an ideal place for meaningful and rewarding employment.
StudySmarter Expert Advice🤫
We think this is how you could land Contractor - Head of Capital
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and capital modelling space. Attend industry events or webinars to meet potential employers and get your name out there.
✨Tip Number 2
Showcase your expertise! Prepare a portfolio that highlights your experience with Solvency II, internal models, and any successful projects you've led. This will help you stand out during interviews.
✨Tip Number 3
Practice your pitch! Be ready to discuss your experience managing teams and external providers. Highlight your stakeholder management skills and how you've navigated complex regulatory environments.
✨Tip Number 4
Apply through our website! We’ve got loads of opportunities that might be perfect for you. Don’t miss out on the chance to land that contract role you’ve been eyeing!
We think you need these skills to ace Contractor - Head of Capital
Some tips for your application 🫡
Tailor Your CV:Make sure your CV highlights your capital modelling experience, especially within the Lloyd’s or wider insurance market. We want to see how your skills align with the key responsibilities mentioned in the job description.
Showcase Your Knowledge:Don’t forget to emphasise your understanding of Solvency II and internal model governance. We’re looking for candidates who can demonstrate their expertise in these areas, so make it clear in your application!
Highlight Team Management Skills:Since this role involves managing teams and external providers, be sure to include examples of your leadership experience. We love seeing how you’ve successfully managed resources and collaborated with stakeholders.
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’re considered for this exciting opportunity. Don’t miss out!
How to prepare for a job interview at The Actuary
✨Know Your Capital Modelling Inside Out
Make sure you brush up on your capital modelling knowledge, especially around Solvency II and internal model governance. Be ready to discuss your previous experiences in detail, particularly any challenges you've faced and how you overcame them.
✨Showcase Your Stakeholder Management Skills
Prepare examples that highlight your ability to manage stakeholders effectively. Think about times when you had to communicate complex capital-related matters to senior management or regulators and how you ensured everyone was on the same page.
✨Familiarise Yourself with Regulatory Environments
Since this role involves multiple regulated entities, it’s crucial to understand the different regulatory frameworks. Research the specific regulations for Lloyd’s and European operations, and be prepared to discuss how you’ve navigated these in past roles.
✨Demonstrate Leadership and Team Management
As a potential head of capital, you’ll need to show your leadership skills. Prepare to talk about your experience managing teams and external providers, including how you motivate your team and ensure high-quality outputs in capital modelling activities.
