Job Description

You will be required to lead capital deliverables, interactions and propose initiatives for future enhancements to drive forward. The role is broad with exposure to a wide network of business stakeholders and other actuarial functions and project development. The successful candidate will work with autonomy in a supportive and encouraging environment. This will be suitable to someone looking to be empowered to take on ownership, make a tangible impact with the business and who enjoys collaborating with others.

Key Accountabilities:

• Development, ownership and execution of quarterly processes for the production of EIID’s Solvency Capital Requirement, under the Standard Formula
• Key partner and support into Group Capital and future developments
• Annual and ad-hoc stress and scenario analysis
• Develop and comply appropriate controls over model inputs, parameters, judgements and outputs 

You will be heavily involved in the capital and wider actuarial team’s journey and evolution to deliver quality tools and insights, which include:

• Identifying, planning and leading the execution of future enhancements to the capital modelling tools, approaches and add-value proposition
• Modelling and coordinating inputs to capital parameter updates
• Enhancing the monitoring, MI and communication of key risks against appetites
• Ensuring best practice and compliance with all applicable regulatory requirements 
• Key stakeholders include risk, finance, group capital management, company’s managing agent (SII and ICM), external audit, actuarial and senior management.
• This role will be highly visible and integrated as part of the wider actuarial team, with opportunity to collaborate, learn and contribute across the functions and business.

Required Knowledge, Skills, and Abilities

• Qualified Fellow of the Institute and Faculty of Actuaries (FIA) or similar
• Education in Math, Accounting, Economics, Statistics, Business or a similar field
• In-depth knowledge and experience of SII standard formula and wider capital modelling approaches
• Standard formula and ICM modelling
• Excellent IT skills, MS Excel, MS Access, SQL, Power BI and ResQ
• Strong reserve and underwriting risk modelling
• Excellent organizational skills and a strong attention to detail
• Ability to simply communicate modelling process and results with internal and external stakeholders, both verbally and through reports or presentations
• A flexible and enthusiastic approach to work with a strong appetite to network, learn and develop.