Senior Capital Analyst

Reporting to: Head of IQUW Capital
Location: London

About us

IQUW is a speciality (re)insurer at Lloyd’s (Syndicate 1856) underwriting a diverse range of Property, Commercial and Speciality (re)insurance products from Cargo and Marine to Political Violence, Terror and War. We combine data, intelligent automation and human expertise to make smart decisions, fast.

ERS is the UK's largest specialist motor insurer at Lloyd’s (Syndicate 218) with an A+ rating. We recognise that for some, motor insurance is more than just a must-have; it's a way of taking care of what stands at the heart of their passion or livelihood. For those people, standard insurance isn't enough. That's why we work exclusively with motor insurance brokers to help get under the skin of the most difficult insurance risks, helping build products to meet their customer’s needs.

The role

Experienced member of the team in charge of updating and running IQUW internal model to meet Lloyd’s requirements and actively support IQUW strategy.

IQUW was launched in 2021 and is a fast-growing phase. We are looking for a collaborative, determined, and agile candidate to maintain and adapt the internal model and underlying processes to reflect the rapidly changing risk profile of the company.

Key responsibilities

• Support the internal model management to meet Lloyd’s capital requirements :

• Submission requirements and deadlines
• Update calibration tools
• Maintain internal model
• Develop network with colleagues across teams to ensure knowledge sharing
• Support the validation process

IQUW syndicate is growing rapidly. The internal model and underlying calibration tools must reflect its fast-changing risk profile.

• Contribute actively to the IQUW strategy. Support the development and production of metrics:
• Syndicate business forecast
• Capital allocation
• Reinsurance purchase optimisation
• Investment

• Support other regulatory requirements; actuarial function report, PRA form, ORSA, support to standard formula.
• Embody and amplify the IQUW values in all aspects of day-to-day activity to ensure all interactions and engagements are carried out with the highest ethical and professional standards and that all work is accomplished with quality

The above duties and responsibilities are not an exhaustive list and you may be required to undertake any other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.

Essential qualifications, skills and experience

• Actuarial skills at the level of a part qualified UK actuary, including strong IT skills,
• Strong IT skills, including knowledge of Tyche.
• Capital modelling knowledge, including both Lloyd’s and PRA requirements.
• Knowledge of general insurance, including property and specialty lines of business.
• Good communication skills.

Desirable behavioural attributes

• Analytical
• Team player
• Eager to learn
• Self starter
• Organised