I am working with a new start up syndicate to recruit their first head of capital modelling. This is an exclusive, retained search.
The role will initially be stand-alone and will include a mix of regulatory duties (eg LCR submissions) coupled with a lot of business value-add work, to include (but not limited to) capital optimisation, modelling and optimising reinsurance programmes, working closely with the active underwriter and management team to evaluate new opportunities (incl potential new teams), speaking with third party capital providers etc.
As such we need an actuary who is experienced in capital modelling, but above all, has some business nous and is willing to take a flexible approach to work. The client's office attendance policy is 2 days/week in the office, although 3 days per week in the first year would be a good mix as the syndicate is starting up. The vast majority of stakeholders are not actuaries, so the role holder will need to adapt their approach and style. Daily contact with the senior management team is a given.
Lloyd's experience is probably a given (you will be responsible for the LCR after all) but a highly capable fast learner from commercial or personal lines will also be considered.
This role would suit a variety of profiles:
* a strong #2 or #3 in a larger capital team who wants to step up to be a \"head of capital\"
* a consultant with either capital or mixed experience (to include capital) who wants to transition in house
* an experienced capital actuary who perhaps wants a career change and to go back to a hands on role in a start up environment as opposed to doing loads of meetings
Total package (base, discretionary bonus, pension contributions from employer) in the range of £220-£235k.