Capital Analyst

Capital Analyst

We are looking for a Capital Analyst to join our Actuarial Team, reporting to the Head of Capital.

The role will include supporting the team with the delivery of regulatory capital requirement calculations at Group and solo entity levels, providing the business with risk and capital analysis to support the strategic decision-making process, and delivering the IMAP project, which includes validation remediation, model development, creation and maintenance of model documentation, and risk parameterisation.

Main Duties

•    Assist with the delivery of capital requirements at Group and solo entity levels for reporting purposes.

•    Prepare reports and presentations for senior management.

•    Regular interaction with the Risk function and develop an understanding of the key financial risks faced by Admiral.

•    Assist with the production of the risk and capital analysis to support key decisions across the organisation e.g. business planning, reinsurance strategy and dividends.

•    Support the international businesses with capital queries, sharing UK best practice and understanding the different issues across the business

•    The role will involve providing support and assistance to the other members of the capital modelling team to ensure their ongoing development of the team as a whole.

•    Assist the build and continued improvement of the internal model in readiness for IMAP and beyond:

-   Understand the origins and reasonableness of the data used

-   Parameterisation of the inputs

-    Working alongside the existing team members to design and build the models/calculations

-    Performance of testing on model outputs to ensure appropriateness of model calibration

-    Perform stress and sensitivity testing

-   Production of Model documentation

-   Prepare reports and presentations for senior management and the regulator

Key Skills, Experience & Qualifications

•    An actuarial student working their way through the IFoA exams with at least 2 years non-life experience

•    Highly numerate and analytical with very good academic record (2.1 in maths or relevant degree)

•    Good written and verbal communication skills

•    Good working knowledge of capital modelling concepts

•    Good working knowledge of General Insurance capital modelling software (e.g. Igloo, Remetrica)

•    Excellent Microsoft Excel skills

•    Understanding of SII

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

This role will require attendance to our Cardiff office atleast once a month or as the business needs.

Admiral, Where You Can Be You

At Admiral you’re accepted, supported and empowered to be you. Because you’re brilliant.

We’re proud of our people-centric culture which has led us to being recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re committed to ensuring that at Admiral, progression is not slowed or haltered by barriers related to protected characteristics.

Benefits, and Work-Life Balance

At Admiral, we are proud to be a diverse business where we put our people and customers first. We have great benefits to ensure employees have a great work-life balance; it's one of the reasons we’re consistently voted one of the Sunday Times Best Big Companies to work for in the UK. We want you to have an element of freedom to define a working lifestyle that supports this, so accommodate flexible hours wherever possible.

All colleagues will receive 33 days holiday (including banks holidays) when they join us, and this will increase with length of service, up to a maximum of 38 days (including banks holidays). You also have the option to buy or sell up to five days of annual leave in addition to your allocation.

You can also view some of our other key benefits here.

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