Capital Modelling Manager

Location: London / 2-3 days per week in office

Salary: Competitive, dependent on experience

We are working with a well-established Lloyd’s syndicate who are looking to appoint a Capital Modelling Manager to join their team.

This is a broad capital role covering the production and delivery of regulatory and economic capital requirements, development and use of the capital model, and supporting the business with capital and risk-related decisions.

You will be responsible for managing key capital modelling processes, including:

• Production of Lloyd’s SCRs and economic capital requirements
• Managing the parameterisation and development of the capital model
• Assessing and addressing limitations within capital modelling methodologies
• Supporting model validation and maintaining Internal Model documentation
• Embedding the use of the capital model across the business and supporting decision-making
• Providing capital analysis around areas such as underwriting portfolios, reinsurance and investment strategy
• Managing capital allocation and risk appetite assessments
• Supporting the ORSA and liaising with Lloyd’s and the PRA
• Managing and developing members of the capital modelling team

We are looking for a qualified GI actuary with:

• Strong capital modelling experience within Lloyd’s
• Experience of stochastic modelling of insurance risks
• Experience managing projects and/or people
• Strong communication skills and experience presenting to senior stakeholders
• Good knowledge of Igloo or equivalent capital modelling software
• A good understanding of the Solvency UK framework

Experience overseeing Lloyd’s SCRs, working with regulators, portfolio optimisation or strategic use of capital models would be advantageous.