At a Glance
- Tasks: Lead life insurance capital projects and advise clients on regulatory requirements.
- Company: Dynamic life solutions team in a leading insurance firm.
- Benefits: Hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Join a collaborative environment with excellent career advancement potential.
- Why this job: Make a real impact in the life insurance sector while developing your expertise.
- Qualifications: Senior management experience in UK insurance and strong technical skills.
The predicted salary is between 80000 - 100000 £ per year.
This is a senior actuarial role within the Life Solutions team, 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 company operates, for example, Bermuda.
Location: London/ Hybrid working
Category: Life Actuarial
Type: Permanent
Key Responsibilities (including but not limited to):
- Leading or supporting life insurance client’s internal model development initiatives, refinement and validation
- 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
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. Technical expertise acquired in an (re)insurance company / BPA provider or similar. Strong understanding of the UK Life Insurance market with a solid grasp on the risk and capital principles. Ability to sponsor/shape capital modelling automation and analytics (e.g., Python/R/SQL/Alteryx/Power BI).
Life Consulting Senior Manager (Capital) – 29963 in London employer: The Emerald Group
The Emerald Group is an excellent employer for those seeking to make a significant impact in the field of model validation within a supportive and innovative work culture. Located in a vibrant area, we offer competitive benefits, opportunities for professional growth, and a commitment to fostering a collaborative environment where your expertise can thrive. Join us to be part of a forward-thinking team dedicated to excellence in risk and regulatory compliance.
