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Senior Capital Actuary

Cardiff

  1. Full time

Closing date

08/08/2024

About the job

Senior Capital Actuary

Job Purpose:

The primary purpose of this role is to be a key contributor in the co-ordination and provision of regulatory and economic capital requirements to the business for Solvency reporting and model use purposes.

Main Duties: 

  • Contributing to the production of the regulatory requirements to support reporting requirements. Along with the production of the internal view of economic capital.
  • Key stakeholder engagement on internal model related matters as and when required.
  • Supporting development of the Internal Model in line with the Admiral Model Change Policy (Igloo code changes, parameter changes, governance changes etc.).
  • Assisting in the ongoing development of the Calculation Kernel (Igloo coding) and parameterisation processes in line with issues raised by regulators, the validation process, business changes and industry best practice.
  • Assisting in the process to ensure ongoing compliance of the Calculation Kernel with relevant regulatory standards.
  • Assisting in the assessment and escalation of limitations in capital modelling methodologies, processes and results.

 

Key Skills, Qualifications and Experience

  • Good leadership qualities.
  • Ability to work in a team and be capable and willing to get involved in the technical modelling work in order to achieve agreed deadlines.
  • Strong communication skills to be able to liaise with staff at all levels across the organisation.
  • The ability to explain technical concepts simply when engaging with other departments and senior management committees
  • Hard working, committed and able to work effectively under pressure.
  • Flexible and adaptable to a change in case of unexpected or ad-hoc requests for information internally or externally.
  • Effective time management and ability to prioritise work and manage stakeholder expectations.
  • Good working knowledge of financial modelling platforms e.g. Igloo
  • Good working knowledge of the requirements set out under Solvency II/UK for internal model firms.
  • An understanding of stochastic modelling concepts and evidence of relevant capital modelling experience
  • At least 7 years of capital modelling experience within the personal lines insurance sector e.g. Motor and Household
  • Experience of managing/mentoring junior members
  • Good commercial awareness and able to apply capital modelling principles to inform and aid key business decisions.
  • Good working knowledge of Microsoft Office applications e.g. word, excel and powerpoint.
  • An Actuary qualification is desired

 

Salary, Benefits, and Work-Life Balance

We do not have a set salary for this position, as it will be dependent on the successful candidate’s experience. We are happy to see CVs from all candidates who meet the requirements and will be happy to discuss the remuneration package.

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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