At a Glance
- Tasks: Lead life insurance capital projects and advise clients on regulatory requirements.
- Company: Dynamic consulting firm with a focus on life insurance and capital optimisation.
- Benefits: Competitive salary, professional development, and opportunities for global impact.
- Other info: Collaborative environment with opportunities for innovation and career growth.
- Why this job: Join a once-in-a-career opportunity to shape the future of life actuarial consulting.
- Qualifications: Senior management experience in UK insurance and strong technical expertise in risk and capital.
The predicted salary is between 80000 - 100000 £ per year.
This is a senior actuarial role focused on life insurance capital, regulatory requirements, and internal model expertise. You will advise clients on Solvency UK, covering internal model (“IM”) development/validation, Standard Formula (“SF”) assessments, capital optimisation, risk management, and regulatory interaction. The scope of your services may also extend to other global life insurance markets in which the business operates, for example, Bermuda. You will have a “once in a career opportunity” to help develop the Life Actuarial consulting risk and capital proposition.
It is expected that a typical day will involve:
- Leading or supporting life insurance client’s internal model development initiatives, refinement and validation, including major model change applications, model governance and documentation.
- Advising clients on SF calculations and appropriateness assessments.
- Assessing capital requirements, including Solvency Capital Requirement (“SCR”), Matching Adjustment (“MA”) and SF capital impacts, and sensitivities.
- Supporting clients with capital aggregation, risk calibration, and scenario/stress design.
- Providing expert guidance on Solvency UK requirements, PRA expectations, Section 166 reviews regulatory submissions etc.
- Advising clients on credit risk modelling, new Solvency UK flexibilities and identifying opportunities for clients to optimise capital, including reinsurance strategy support (including Funded Re), asset mix impacts and longevity risk management.
- Developing new client relationships, liaising with existing clients & leveraging your existing relationships to generate revenue for the team.
- Developing and supporting other Life actuarial consulting propositions through identifying cross selling opportunities.
- Developing technology solutions to solve client problems.
- Developing your internal network.
- Being agile and flexible to ensure that the team is fully supported.
Skills and experience that will lead to success:
- Proven senior manager level delivery track record in the UK Insurance industry and comfortable presenting to senior leadership and boards.
- Understanding of other international capital regimes incl. Bermuda (preferable but not essential).
- Strong relationships across the UK Life Insurance industry and ability to contribute to revenue generation.
- Proven Risk & Capital technical expertise – acts as a thought leader within the Life consulting team, coaching other members and setting quality standards.
- Technical expertise acquired in an (re)insurance company / BPA provider or similar but willing to adapt to a fast-paced consulting environment.
- Strong understanding of the UK Life Insurance market with a solid grasp on the risk and capital principles with a willingness of applying those principles globally.
- High performing self-motivated team player that both leads and works collaboratively and is agile & willing to participate in other projects within the team.
- Ability to work under pressure, takes initiative, proactive, shows resolve and is agile.
- Ability to sponsor/shape capital modelling automation and analytics (e.g., Python/R/SQL/Alteryx/Power BI).
Senior Manager - Capital in Slough employer: The Emerald Group Ltd, Search and Selection
Join a leading financial services firm that prioritises employee development and fosters a collaborative work culture. With a strong commitment to regulatory excellence, this role offers the opportunity to engage with senior management and shape the future of risk governance while enjoying competitive benefits and a supportive environment in a vibrant location. Embrace your potential in a company that values innovation and integrity, ensuring meaningful contributions to the industry.
Contact Details:
The Emerald Group Ltd, Search and Selection Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Senior Manager - Capital in Slough
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We think you need these skills to ace Senior Manager - Capital in Slough
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
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Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at The Emerald Group Ltd, Search and Selection.
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How to prepare for a job interview at The Emerald Group Ltd, Search and Selection
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at The Emerald Group Ltd, Search and Selection to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
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As a full-timer at The Emerald Group Ltd, Search and Selection, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
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Understanding The Emerald Group Ltd, Search and Selection's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
