Capital Modelling Actuary

External

Chaucergroup · London, UK

Full-timeOn-site5d ago

ComplianceDocumentationExcelPythonRisk ManagementSQL

Cover Letter Connect

Prepare for this interview

Elite

AI-generated questions, company research, and talking points tailored to this role

About the role

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website. Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integra

Additional Information

Job summary Provide risk and capital analysis (regulatory and economic) for Chaucer's managed Lloyd's syndicates. Delivery of the syndicate SCR, taking responsibility for specific areas of the internal model, producing and validating model outputs. Involved in model and MI development as well as use of the capital model throughout the business. Opportunities to liaise and form close working relationships with the wider business. Communication and presentation of analysis and results to key internal (incl. senior management) and external stakeholders (incl. the parent company and regulator). Main duties Assist in the production and delivery of regulatory and economic capital requirements (SCR / ECA / Standard Formula) for all Chaucer managed syndicates; Run capital models to understand capital implications of business decisions as required; Produce and develop management information for the interpretation and presentation of modelled results to various groups within Chaucer, including Risk and Model Working Groups and ad-hoc forums with senior management as required Assist in the ongoing development (incl. Igloo coding) and parameterisation of the Internal Model whether as a result of issues raised internally, or by regulators / (independent) validators, or as a result of changes in risk profile / industry best practice; Support validation of model outputs; Assist in the assessment, escalation and actioning of limitations in capital modelling methodologies, processes and results; Assist in the maintenance of Internal Model documentation in line with Solvency II / UK tests and standards; Adhere to controls over all key capital modelling processes Assist in the ongoing compliance of the Internal Model with relevant Solvency II / UK standards, UK and international regulations, and professional guidance, including maintenance of documentation and adherence to controls Assist the Head of Capital Modelling on the liaison with Lloyd's and the PRA regarding technical elements of SCRs and the ORSA; Assist the Risk function in the production of the ORSA, including analysis of risk aggregations and changes in risk profile, as well as stress and scenario testing; Work closely with the Risk function and the business to advise on the integrated use of the Internal Model in risk management processes across the Group, including the adequacy and efficacy of risk mitigation techniques and advising the business on the optimisation of financial risk profile based on capital efficacy and risk-reward relationships (e.g. investment strategy, business portfolio mix, new classes of business, divestments). Our requirements Relevant experience Essential General Insurance Actuarial Working in a Capital, Pricing or Reserving role Parameterisation of stochastic underwriting or reserving risk Desirable Stochastic modelling of insurance and other risks Formal experience of managing people and complex projects Presenting to and communicating with senior stakeholders (written and verbal)

Capital Modelling Actuary

About the role

Requirements

Additional Information

Your Match

Company Intel

What employees say

Interested in this role?