Senior Capital Analyst

2 weeks ago

London, Greater London, United Kingdom IGI - International General Insurance Co. Ltd. Full time £60,000 - £100,000 per year
Job SummaryAs a Senior Capital Analyst, the jobholder facilitates the build, maintenance, parameterisation, documentation, and running of the models to support risk and capital management at IGI.
The job holder will report to the Head of Capital, within the Actuarial team. This role is based in London with occasional travel to Amman (Jordan) office.Job Description

Company Description

IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors' and Officers', Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers. The company has a strong financial position, with a financial strength rating of "A-" (Stable) from Standard and Poor's, and an "A" (Stable) rating from A.M. Best. IGI seeks to maintain profitability through prudent risk selection and a diversified business model.

Key Responsibilities

  • Build, operate and maintain the stochastic capital model using Tyche software and deterministic regulatory and rating agency models using Excel and Psicle software to meet management needs in terms of economic capital, ensure methods and assumptions used are appropriate

  • Maintain and enhance the governance around documentation and change control

  • Source, validate and automate data inputs feeding into the stochastic and deterministic models

  • Perform regular recalibration of the capital model, develop expert judgements and prepare reports and presentations for senior management

  • Support the production of the risk and capital analytics to support key decisions across the organisation e.g. business planning, reinsurance strategy and other ad-hoc business request

  • Maintain and improve the production of quarterly and annual calculations for regulatory and rating agency submissions

  • Work together with other members of the risk management, exposure management and actuarial department and with all other business units to ensure effective communication within the firm in layman's terms

Key Attributes & Professional Qualifications

  • Nearly/newly qualified Actuary

  • 3-5 years' proven track record of capital modelling within P&C sector (Lloyd's / London Market experience is desirable)

  • Coding skills in at least one of these programming packages – R, Python, VBA, Igloo or Tyche

  • Excellent verbal and written communications skills in English, and the ability to work in a multicultural environment. Ability to turn actuarial jargon into layman's language

  • Creative, innovative and logical thinking, and great attention to detail

  • Ability to gather and use data to identify areas of change or improvement that can bring about the greatest benefit to the business

  • Excellent communication skills

  • Self-motivated and solutions-oriented

  • A team player

Conduct Rules

SMCR was introduced by the Financial Conduct Authority (FCA), includes a set of Conduct Rules that apply to most employees in UK financial services firms. These rules aim to improve individual accountability and promote a healthy culture across the industry.

Individual Conduct Rules

These are the core five rules that apply to all employees

  • Act with integrity

  • Act with due skill, care and diligence

  • Be open and cooperative with the FCA, PRA, and other regulators

  • Pay due regard to the interests of customers and treat them fairly

  • Observe proper standards of market conduct

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