Capital Modelling Expert

1 week ago


Cardiff, Cardiff, United Kingdom Admiral Insurance Plc Full time
Job Purpose:

The primary objective of this role is to contribute to the coordination and provision of regulatory and economic capital requirements to the business for Solvency reporting and model use purposes.

Main Responsibilities:
  • Contribute to the production of regulatory requirements to support reporting needs, as well as the internal view of economic capital.
  • Engage with key stakeholders on internal model-related matters as required.
  • Support the development of the Internal Model in line with the Admiral Model Change Policy, including Igloo code changes, parameter changes, and governance changes.
  • Assist in the ongoing development of the Calculation Kernel (Igloo coding) and parameterisation processes, addressing issues raised by regulators, the validation process, business changes, and industry best practice.
  • Ensure ongoing compliance of the Calculation Kernel with relevant regulatory standards.
  • Assess and escalate limitations in capital modelling methodologies, processes, and results.
Key Skills and Qualifications:
  • Strong leadership qualities.
  • Ability to work in a team and contribute to technical modelling work to achieve agreed deadlines.
  • Excellent communication skills to liaise with staff at all levels across the organisation.
  • Capacity to explain technical concepts simply when engaging with other departments and senior management committees.
  • Hard working, committed, and able to work effectively under pressure.
  • Flexible and adaptable to unexpected or ad-hoc requests for information internally or externally.
  • Effective time management and ability to prioritise work and manage stakeholder expectations.
  • Good working knowledge of financial modelling platforms Igloo.
  • Good working knowledge of the requirements set out under Solvency II/UK for internal model firms.
  • Understanding of stochastic modelling concepts and evidence of relevant capital modelling experience.
  • At least years of capital modelling experience within the personal lines insurance sector Motor and Household.
  • Experience of managing/mentoring junior members.
  • Good commercial awareness and ability to apply capital modelling principles to inform and aid key business decisions.
  • Good working knowledge of Microsoft Office applications word, excel, and powerpoint.
  • Actuary qualification desired.
Salary, Benefits, and Work-Life Balance:

We do not have a set salary for this position, as it will be dependent on the successful candidate's experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we're consistently voted one of the Sunday Times Best Big Companies to work for in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

All colleagues will receive days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits



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