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This role works within the Capital Modelling team, supporting the Head of Model Reporting with all uses of the Internal Model, which is built on the Tyche software platform.
This includes updating and developing the internal model, delivering Lloyd’s capital assessments, and other model uses required to support the business.
Job Responsibilities
Model Use
* Monitoring and reporting of AXIS’ risk profile
* Completing management and regulatory reports
* Collaborating with ceded reinsurance and third-party capital teams to assess outwards reinsurance/retro arrangements
* Pricing of internal reinsurance covers
* Analysing investment strategy
* Allocating capital and analysing return on capital
* Undertaking ad hoc investigations where required
Model Updates, Development, Validation & Documentation
* Carrying out model updates and developing the internal model to appropriately reflect the business being written
* Analysing and communicating changes in results to ensure that the modelling is transparent and robust
* Understanding the inputs, outputs, and limitations of the model and related external models, such as those for economic and catastrophe scenarios
* Maintaining documentation on the rationale for selection and alteration of parameters within the model
* Ensuring that all actuarial aspects of internal model validation are met, and evidence is available for relevant stakeholders
Leadership and relationships
* Presenting and explaining results and decisions to management
* Engaging with other teams and stakeholders to ensure timely delivery of results
* Working alongside and sharing knowledge with other members of the capital team
About You
Required Qualifications and Experience:
* Minimum of 1+ year’s in-depth experience, ideally in an actuarial risk environment
Other Desired Skills & Characteristics
* Highly computer literate, able to use spreadsheets, databases, and learn the use of new systems
* Experience in using capital modelling simulation software such as Tyche, Igloo, or ReMetrica is preferred but not essential
* Additional coding experience is a plus
* Enthusiasm to ask questions and fully understand the work we carry out and its implications for the business
* Ability to plan effectively and organise and prioritise workload; strong attention to detail
* Ability to structure analyses and modelling coherently and clearly
* Capable of developing and maintaining effective relationships at all levels
* Excellent communication skills, both oral and written
Role Factors
In this role, you will typically be required to:
* Be in the office 3 days per week
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