At a Glance
- Tasks: Lead capital modelling projects and support strategic decision-making in a dynamic insurance environment.
- Company: Join a well-established Lloyd's syndicate with a strong reputation.
- Benefits: Competitive salary, flexible working, and opportunities for professional growth.
- Other info: Collaborative team culture with opportunities to develop leadership skills.
- Why this job: Make a real impact on capital strategy and risk management in the insurance sector.
- Qualifications: Strong experience in capital modelling and excellent communication skills required.
The predicted salary is between 51750 - 63250 £ per year.
Location: London / 2-3 days per week in office
Salary: Competitive
We are working with a well-established Lloyd's syndicate who are looking to appoint a Capital Modelling Manager to join their team. This is a broad capital role covering the production and delivery of regulatory and economic capital requirements, development and use of the capital model, and supporting the business with capital and risk-related decisions.
The role:
- Production of Lloyd's SCRs and economic capital requirements
- Managing the parameterisation and development of the capital model
- Assessing and addressing limitations within capital modelling methodologies
- Supporting model validation and maintaining Internal Model documentation
- Embedding the use of the capital model across the business and supporting decision-making
- Providing capital analysis around areas such as underwriting portfolios, reinsurance and investment strategy
- Managing capital allocation and risk appetite assessments
- Supporting the ORSA and liaising with Lloyd's and the PRA
- Managing and developing members of the capital modelling team
About you:
- Strong capital modelling experience within Lloyd's
- Experience of stochastic modelling of insurance risks
- Experience managing projects and/or people
- Strong communication skills and experience presenting to senior stakeholders
- Good knowledge of Igloo or equivalent capital modelling software
- A good understanding of Solvency UK framework
- Experience overseeing Lloyd's SCRs, working with regulators, portfolio optimisation or strategic use of capital models would be advantageous.
Capital Modelling Manager in London employer: The Actuary
At PMA, we pride ourselves on being an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation. Our commitment to employee growth is evident through tailored development programmes and the opportunity to lead impactful projects in the heart of the UK life insurance sector. With locations in London, Bristol, and Watford, we provide a vibrant environment where actuaries can thrive and make meaningful contributions to our clients' success.
