The role
IQUW has an exciting opportunity for a Capital Modelling Actuary, to be 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 Capital Modelling Team to maintain and update the internal model to meet Lloyd’s capital requirements:
- Work with the business to update model calibration;
- Develop the internal model to meet the changing needs of the business and of Lloyd’s;
- Build /develop process improvements to streamline inputs, model processes and output reporting.
- Fulfil documentation requirements of the internal model;
- Meet Lloyd’s submission requirements and deadlines;
- 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 for model use across multiple areas including:
- Syndicate business forecast;
- Capital allocation;
- Reinsurance purchase optimisation;
- Investment strategy.
- Line management responsibility.
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 qualified UK actuary, newly-qualified actuaries are encouraged to apply as well as more experienced candidates
- 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.
Benefits
- Competitive Benchmarked Salary
- 25 days holiday
- Discretionary bonus scheme
- Employee assistance programme
- Annual holiday buy (up to 3 extra days)
- Salary sacrifice benefits
- Annual benefits reviews
- The option for professional qualifications and study support
Additional Information
A full job description can be seen here.
