Senior Actuary Capital Model

1 week ago


London, UK, United Kingdom JJA - James Joseph Associates Full time

The role requires actuarial expertise equivalent to that of a UK FIA-qualified actuary, along with strong IT skills. Proficiency in WTW Igloo is essential, as the model is built on this platform, and coding skills in Excel VBA and R are advantageous. A solid understanding of General Insurance is required. Familiarity with regulatory frameworks, including Lloyd’s, PRA, and Solvency II requirements, is also important.

THE ROLE: Senior Actuary Capital Modelling

Maintain comprehensive records of all work to enable validators and other reviewers to effectively assess and evaluate it, while providing key support to the validator. Consistently uphold and reflect the company's values in all daily activities, ensuring that interactions and tasks are carried out with the utmost ethical and professional standards, and that all work is completed to a high quality in alignment with the company's principles. Additionally, be prepared to take on any other reasonable tasks as directed by line management.

Responsible for all aspects of running the capital model your duties will include….

  • Collecting and testing data for the model
  • Running and maintaining calibration tools
  • Updating the internal model with new data and parameters, running it, and performing quality checks on the outputs
  • Taking a lead role in solving issues related to model changes and running tests on the model
  • Ensuring processes around the internal model are well maintained and function efficiently
  • Implementing strong version control for the model
  • Testing model outputs, including investigating issues and updating model code as needed
  • Keeping high-quality documentation of the model and its processes
  • Running and documenting the model for regulatory submissions, such as LCR, IMO Return, and ORSA
  • Collaborating with internal stakeholders, including the Finance team, Underwriting, and Risk
  • Working under tight deadlines to produce accurate results

SKILLS / EXPERIENCE REQUIRED: Senior Actuary Capital Modelling

  • Actuarial expertise at the level of a UK FIA-qualified actuary, along with strong IT skills
  • Proficiency in WTW Igloo is essential as the model is built on this platform
  • Coding skills in Excel VBA and R is preferred
  • Knowledge of General Insurance, with a preference for experience in Motor classes and insurance data management
  • Familiarity with regulatory frameworks, including Lloyd’s, PRA, and Solvency II requirements
  • Strong written and verbal communication skills, with the ability to explain complex concepts to those with some knowledge of the subject


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