Capital Modelling Actuary (12 Month Fixed Term Contract) – 51322
Emerald Group Ltd
London
4d ago

Overview

Principal Accountabilities :

  • Maintain and develop the internal capital model for the Group and its companies under the SII regime and oversee the production of SCR submissions.
  • This includes both the BSL and BIG capital models.

  • Help manage the relationship with all relevant regulatory bodies with respect to capital modelling including PRA, Lloyd’s and the FSC.
  • Prepare materials and help present and explain the output of the capital model to the relevant Executive Committee, Risk Committee and Boards.
  • Promote model use and in particular ensure the model continues to be used in all material strategic analyses.
  • Ensure that the model is used in the other key risk areas of investment and exposure management and their models are fully integrated with the Internal Model.
  • Comply with appropriate policies to ensure that Internal Model processes are fully embedded in the business as required under Solvency II.
  • Experience required :

  • Competent in managing own workload and working on own initiative and in project managing delivery from multiple teams
  • Track record of success in an insurance organisation, applying rigorous risk disciplines with high standards of delivery in a timely, cost-effective way
  • Comprehensive knowledge of capital modelling techniques and disciplines as well as a firm grasp of the commercial drivers and dynamics affecting capital in the Insurance sector
  • Experience of PRA (and preferably overseas) regulations and attitudes to management practice in relation to Risk. Strong understanding of the prospective requirements of Solvency II
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