Capital Modelling Actuary
2 months ago
We are seeking an experienced Capital Modelling Actuary to join our team at ABL Recruitment. As a key member of our team, you will be responsible for maintaining and running the capital model to meet regulatory and internal stakeholder requirements.
Key Responsibilities:- Support the Managing Agency Head of Capital in all aspects of running the capital model
- Data collection and testing
- Maintaining and running the calibration tools
- Updating data and parameters in the internal model, running the model and sense checking outputs
- Contribute to solving the problems arising from running and changing the model, and key responsibility in testing the model
- Ensuring processes around the internal model are well maintained and operate appropriately
- Ensuring good version control of the model
- Testing model output, including investigating and modifying model code
- Maintaining good quality documentation
- Running and documenting the model for regulatory deliverables, e.g. LCR, IMO Return, ORSA
- Work will often be produced to a tight timetable
- Point of contact with internal stakeholders including Finance team, Underwriting, Risk.
- Keep clear records and trails of all work done so that validators and other reviewers are able to carry out their work
- Key role in supporting the validator
- Actuarial skills at the level of an FIA qualified UK actuary and strong IT skills
- The model is currently built in WTW Igloo and a good knowledge of this platform is essential.
- Coding skills in Excel VBA and R are desirable.
- Knowledge of General Insurance and ideally of Motor classes (including knowledge and skills relating to the management of insurance data)
- Knowledge of regulatory requirements, including both Lloyd's and PRA requirements and Solvency II requirements
- Good written and face to face communication skills; able to explain complex matters to people with some knowledge
- Strong analytical skills
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