Summary:
A senior leadership position within a global (re)insurance group, responsible for leading capital modelling for the Lloyd’s Syndicate. This role involves ownership of the Lloyd’s capital submissions, delivery of regulatory requirements, and driving the continued development of the group’s capital modelling framework. Working closely with the Group Head of Modelling, the successful candidate will ensure high-quality output, clear communication of results, and the effective integration of modelling insights into strategic decision-making.
Responsibilities:
• Lead all capital modelling and Lloyd’s capital submissions, including annual and transaction-related filings.
• Serve as the Key Function Holder for Capital for the syndicate and act as the primary liaison with Lloyd’s.
• Develop, enhance and maintain the Igloo Capital Model and associated databases.
• Parameterise reserve risk, validate outputs and ensure capital model assumptions remain appropriate.
• Collaborate with risk, reserving, finance, and investment teams to align modelling with business objectives.
• Deliver capital model results, insights, and supporting analysis to senior management, committees and boards.
• Oversee regulatory submissions, including IMO, RDS, and other relevant Lloyd’s and PRA filings.
• Support development of the wider group capital model, embedding consistency and best practice.
• Integrate capital modelling with planning, pricing and investment activities.
• Drive process automation, simplification, and optimisation within capital modelling.
• Lead and mentor a small team of actuarial professionals, fostering technical excellence and growth.
Requirements:
• Qualified actuary (FIA, FCAS, or equivalent) with at least 7 years’ experience in capital modelling.
• Proven experience managing Lloyd’s capital submissions and regulatory interactions.
• Strong understanding of Solvency II, Lloyd’s capital requirements and model validation standards.
• Expertise in reserve risk parameterisation and experience with casualty and specialty classes.
• Proficient in Igloo, SQL, Python, and Excel; familiarity with ResQ is advantageous.
• Clear communicator with the ability to explain complex modelling results to senior stakeholders.
• Leadership experience, including team management and cross-functional collaboration.
• Strong analytical skills, attention to detail, and the ability to work under tight deadlines.
Right to Work: Candidates must have the right to work in the UK. Unfortunately, visa sponsorship is not available for this position.