At a Glance
- Tasks: Lead capital modelling and strategic decision-making for a top insurance firm.
- Company: Join Tokio Marine HCC, a leading specialty insurer with a global presence.
- Benefits: Enjoy hybrid working, competitive salary, and opportunities for professional growth.
- Other info: Be part of a diverse team that values creativity and innovation.
- Why this job: Make a real impact in the insurance industry while developing your leadership skills.
- Qualifications: Significant capital modelling experience and strong communication skills required.
The predicted salary is between 90000 - 110000 £ per year.
Reporting to: Chief Actuary
Position Type: Permanent
Hybrid working: 3 days in the office, 2 remote
Why Tokio Marine HCC? Standing still is not an option in the current world of Insurance. TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry. Looking beyond profit, empowering our people and delivering on our commitments are at the core of our customer values, and so is a desire to grow and provide creative and innovative solutions to our clients.
Job Purpose Lead the development, governance and strategic use of capital models across TMHCC International, ensuring they accurately reflect the risk profile of each entity, meet regulatory requirements and provide insight to support effective business and capital management decisions. This includes ownership of the approved Internal Model for the Lloyd's Syndicate, non-approved capital models for the UK and Luxembourg entities, and the Standard Formula Catastrophe modules supporting those entities.
Key Responsibilities
- Own the capital model, including its methodology, assumptions, data, systems, controls and documentation
- Lead, develop and retain a high-performing capital modelling team
- Lead the production of regulatory and economic capital assessments
- Produce high-quality, decision-useful materials for internal governance committees and present key findings, recommendations and capital implications where required
- Own the Standard Formula Catastrophe Risk module and associated governance
- Provide forward-looking insight into solvency requirements and the implications for capital management including dividend capacity
- Support business planning, risk appetite, capital allocation and strategic decision-making
- Lead model development, model change governance, validation remediation activities and continuous improvement initiatives
- Ensure modelling approaches appropriately reflect the underlying risk profile while remaining transparent, proportionate and efficient
- Maintain effective relationships both internally (e.g. with other departments) and externally (e.g. with regulators, validators, etc.)
- Develop and communicate the long-term capital modelling strategy
- Act as the subject matter expert on capital modelling across the organisation
- Influence senior stakeholders on capital-related business decisions and strategic initiatives
- Ensure the capital framework remains aligned with regulatory and business developments
Skills and Experience Specification
Essential
- Significant capital modelling experience within a London Market insurer, reinsurer or Lloyd’s managing agency
- Proven ability to translate complex technical analysis into clear commercial insight
- Excellent written and verbal communication skills, with the ability to explain complex capital modelling concepts clearly and appropriately to a range of stakeholders, including technical teams, senior management, Boards and regulators
- Demonstrated ability to lead, develop and support high-performing teams
Desirable
- Qualified actuary or equivalent relevant professional experience
- Experience of regulatory capital submissions, internal model governance and senior stakeholder engagement
- Strong organisational and analytical skills, with the ability to identify, assess and communicate emerging issues in a timely manner
- Awareness of relevant industry developments, regulatory trends and emerging capital modelling practices, alongside a commitment to robust governance and controls
- Experience in Standard Formula Cat
- Experience using programming languages and analytical tools, particularly Remetrica and / or Python
Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, and other locations. With the strength and stability that comes from being a member of the Tokio Marine group, and more than forty years of growth, profitability, and stability, we offer important insurance products that most people do not even know exist.
The Tokio Marine HCC Group of companies is an equal opportunity employer. Your success is our priority. In a world that is rapidly changing, TMHCC enables you to take on opportunities with confidence. At Tokio Marine HCC, we pride ourselves on hiring the smartest, most conscientious people, who want to make a difference no matter their background. And then we give them the support and trust they need. We’re always looking for curious, creative transformative thinkers who want to change the status quo and have a passion for doing the right thing. If this is you, then we want you on our team.
Head of Capital Modelling, International in London employer: Tokio Marine HCC International
Tokio Marine HCC is an exceptional employer, offering a dynamic work environment that fosters innovation and collaboration within the Treaty Reinsurance Operations team. With a commitment to employee growth and a competitive benefits package, employees are empowered to contribute creatively while working alongside industry experts in a supportive culture. Located in the heart of London, this role provides unique opportunities to engage with cutting-edge technology and enhance your skills in a rapidly evolving sector.
Contact Details:
Tokio Marine HCC International Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Head of Capital Modelling, International in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
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✨Look Out for Graduate Schemes
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We think you need these skills to ace Head of Capital Modelling, International in London
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.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
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 Tokio Marine HCC International.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Tokio Marine HCC International. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Tokio Marine HCC International
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Tokio Marine HCC International to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Tokio Marine HCC International, 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.
✨Know the Company Culture Inside Out
Understanding Tokio Marine HCC International'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.
