Head of Capital Modelling
Location: London
Contract Type: Permanent
Work Pattern: Full Time and Hybrid
We are looking for a highly motivated individual to lead our Syndicate capital modelling team. The successful candidate will be an actuary with extensive experience in capital modelling including at Lloyd's. The role reports to the Head of Capital and Investments, alongside the Heads of Investment and Capital Management.
About the job
While there is rarely a typical day, here is a snapshot of some of the key parts of the job:
- Ensure appropriate capital setting appraisal and techniques are used that meet relevant tests and standards to ensure appropriate SCR is set and use of the model is appropriate.
- Ensure a robust internal model process and framework including its contribution to an effective ORSA process.
- Responsible for capital requirement input to the annual business planning exercise, including the coordination of the production of the Lloyd’s (SBF) and Group requirements.
- Lead the Internal Model development, setting suitable strategic development plans, navigating issues, stakeholders and delivering in line with plans, ensuring technical excellence.
- Lead the Capital Modelling team ensuring appropriate development and learning opportunities, working to develop and maintain relationships across the MS Amlin actuarial community.
- Deliver and present the required papers to the Model Governance Committee and Risk & Solvency Committee, in line with their terms of reference.
- Lead the internal stakeholder relationships between the Capital Modelling team and the business including with validation, reserving, pricing, underwriting and wider finance teams. Manage the inputs/outputs to/from stakeholders in relation to capital modelling and foster positive relationships.
- Navigate the relationship with Lloyds, understanding communication requirements in order to maintain a good relationship.
- Develop and maintain external relationships and knowledge to keep abreast of industry issues affecting capital modelling.
What you will need:
For this particular role there are some important qualifications and experience we need you to have. These include:
- Qualified Actuary
- Significant level of experience in leading capital modelling teams.
We are stronger together because of our common interests and rich differences. You may be the strength we didn’t know we needed. Believe in yourself, and click apply today!
What Can You Expect From Us?
- Competitive Base Salary
- Performance Related Discretionary Bonus
- Holiday: 28 days core annual leave, and you can buy up to 5 days
- Pension: A minimum 2% employee contribution plus 7% MS Amlin contribution (9%) up to a maximum of 5% employee contribution plus 13% MS Amlin contribution (18%)
- Private Medical: cover for yourself. Family members/dependants can be added.
- Flex Fund: £1,000 (pro-rated based on start date) to spend on flexible benefits.
- Life Assurance: 5 x annualised base salary
- Enhanced Parental Leave (maternity and paternity): 6 months full pay, entitled from day 1.
- Continuous Learning Approach: Including study support with professional qualifications.
- Carers Leave: 5 days full pay.
- Employer Supported Volunteering: 3 days volunteering leave - full pay.
- Bank Holidays: To support the diverse backgrounds and beliefs of our team, we offer employees the flexibility to exchange bank holidays for alternative dates that better reflect their personal, cultural, or religious preferences.
- Annual health screening
- Give as you earn
- Cycle to work
- Season ticket loan
- Green car scheme
- Retail discount platform
Hybrid Working
At MS Amlin we operate a hybrid working model to empower our people with flexibility to blend where they work. We value collaboration and believe that we work better together, our teams typically do 3 days a week in the office.
About MS Amlin
MS Amlin is a group of leading global (re)insurance companies, and we are part of the global top-10 non-life insurance group MS&AD. We operate through four legal entities operating in the Lloyd’s, Continental European, US and Bermudian global (re)insurance markets.
This role is in our Lloyd’s business
Our Lloyd’s business writes a diverse (re)insurance portfolio and specialises in providing insurance coverage to commercial businesses and offering reinsurance protection to other insurance companies around the world. We operate from our offices in the heart of London’s (re)insurance district and from our market hubs in Asia and the Middle East. We work in partnership with our brokers and clients to provide proactive risk solutions and support across a broad range of trades and industries. We operate through our Lloyd’s Syndicate 2001, and we can trace our roots in the insurance market, back over 100 years.
We will build a workplace where all talent is welcomed, and everyone has the opportunity to influence how the business works. We have dedicated employee resource groups that support our Diversity, Equity, and Inclusion (DE&I) goals.
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