Capital Modelling Analyst

2 weeks ago


London, United Kingdom McNeil & Co. Full time

Capital Modelling Analyst page is loaded Capital Modelling Analyst Apply locations London, United Kingdom time type Full time posted on Posted 5 Days Ago job requisition id R24_296

With a company culture rooted in collaboration, expertise and innovation, we aim to promote progress and inspire our clients, employees, investors and communities to achieve their greatest potential. Our work is the catalyst that helps others achieve their goals. In short, We Enable Possibility℠.

Role Summary and Purpose

  • The role is for an actuarial analyst to join the capital modelling function of Arch Insurance International.
  • The successful candidate will have the opportunity to work in a mid-sized team and gain in-depth experience of all elements of the capital modelling function.
  • The successful candidate to learn and develop in a dynamic team with an opportunity to drive model improvements and process efficiencies.

Key Tasks and Responsibilities

  • Supporting the parameterisation of the model, including participating in meetings with subject experts.
  • Assisting with the build, maintenance and running of the capital model.
  • Producing, interpreting and developing model outputs for various audiences and uses, including reinsurance purchase, business planning and capital allocation.
  • Assisting with the completion and submission of regulatory returns to Lloyd’s and the PRA.
  • Contribution to the validation of the model through carrying out and interpreting the results of various validation tools.
  • Assisting with the documentation of the model for internal and external purposes.
  • Ensuring the model change process is embedded and a proper audit trail is kept.
  • Identifying and improving efficiencies in existing processes and developing model enhancements.
  • Supporting the completion of the quarterly technical provisions calculations and the corresponding regulatory reports.
  • Assisting in the completion of the standard formula return.

Role Requirements & Skills

Skills / Competencies
  • Knowledge of stochastic modelling techniques and insurance to maintain, run and develop the capital model.
  • Good Excel skills
  • Programming skills desirable (ideally Python)
  • Attention to detail and ability to work under pressure are a must
  • Good interpersonal and communication skills
Qualifications
  • BSc in Mathematics or related field
  • Good progress through the Actuarial exams
Experience
  • At least 1-3 years of capital modelling and General Insurance experience, Lloyd’s preferred.
  • Good working experience of capital modelling software experience. Tyche experience is desirable but not necessary.

Do you like solving complex business problems, working with talented colleagues and have an innovative mindset? Arch may be a great fit for you. If this job isn’t the right fit but you’re interested in working for Arch, create a job alert Simply create an account and opt in to receive emails when we have job openings that meet your criteria. Join our talent community to share your preferences directly with Arch’s Talent Acquisition team.

Arch Capital Group Ltd. is a Bermuda-based specialty insurer that provides insurance, reinsurance and mortgage insurance on a worldwide basis. With a 20+-year track record of delivering results and a coveted position on the S&P 500 index, Arch is a great place to grow your career.

Arch Capital Group Ltd. (Arch) and its affiliates take your interest in working here very seriously.

Please be vigilant to fraudulent activity if you receive a communication or email asking you to submit any personal information. Do not send money or pass any details to someone suggesting they can provide employment with Arch. You should only enter your information into our official career portal.

Please know the following about our interviewing and hiring practices.

We never make job offers without a formal, in person, interview process.

We never ask you to send money of any kind.

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