Capital Modelling Actuary (part qualified) x2
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| Job Type | Permanent |
| Area | City, UK |
| Sector | Financial Services |
| Salary | £40k - £60k + benefits |
| Currency | GBP |
| Start Date | |
| Job Ref | VAC-12577 |
| Job Views | 34 |
- Description
- Specialist Lloyd’s Syndicate and Members Agency, wish to strengthen their Capital Modelling Team with the addition of TWO part /newly qualified Capital Modelling Actuaries to support day-to-day modelling tasks. Applicants will require a minimum of 2 years recent, relevant capital modelling experience (ideally within the Lloyd’s market) to be considered for this position.
What you will be doing:
- Assisting in the development, maintenance and operation of syndicate internal capital models for various purposes, including capital setting
- Assisting with collection and collation of relevant input data and parameters for use in the syndicate internal models
- Providing relevant analysis and model output for review by other actuarial team members
- Producing regulatory returns and supporting the SCR submission process
- Supporting the SCR validation process by performing various validation tests and contributing to aspects of the final report
- Generating related documentation and supporting reports for the internal model
- Assisting with the production of RI Adequacy components of annual Actuarial Function report for review by SIMF20 function holder
- Working closely with Exposure Management function to incorporate catastrophe modelling within the internal model
Requirements for the role:
- Minimum of 2 years relevant capital modelling experience, some of which is gained within the Lloyd’s market
- Strong understanding of internal model methodologies and application
- Experience of SCR process
- Experience with running and interrogating models; internal model validation experience would be a bonus but not essential
- Minimum of a second class degree in a mathematical or science based subject as well as good ‘A’ Levels (or equivalent) including at least one mathematical subject
- Excellent IT skills inlcuding experience of using Igloo
- Excellent communication skills with the ability to build relationships across the business and with external bodies;
This is a fantastic opportunity where the successful candidates will have the opportunity to develop their capital modelling skills within the Lloyd’s market as well as broaden their Lloyd’s business knowledge in general.
This vacancy is being advertised by Montpellier Resourcing Limited. The services advertised by Montpellier Resourcing Limited are those of an Employment Agency.