Senior Capital Actuary

Capital Analyst/Actuary

Key Responsibilities

Working within the Actuarial team and reporting to the Head of Capital, the main responsibilities of the role include helping the team with the following

• The delivery of capital requirement calculations at Group and solo entity levels using the standard formula and internal model.
• Providing the business with risk and capital analysis to aid the strategic decision making process
• Support the ongoing delivery of the IMAP project including validation remediation, model development, creation & maintenance of model documentation and risk parameterisation.

Detailed role profile

• 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 awareness of the key financial risks faced by Admiral.
• Assist with the production of the risk and capital analysis to help key decisions across the organisation e.g. business planning, reinsurance strategy and dividends.
• Assist the build and continued improvement of the internal model in readiness for IMAP including:
  • 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

Other Duties

• Support the international businesses with capital queries, sharing UK best practice and have a strong awareness of the different issues across the business.
• As a nearly or newly qualified actuary the role will involve providing assistance to the other members of the capital modelling team to ensure their ongoing development of the team as a whole.

Candidate profile

• Nearly or newly qualified actuary with experience working for a General Insurance company
• Highly numerate and analytical with very good academic record
• Good written and verbal communication skills
• Good working knowledge of capital modelling concepts
• Experienced user of General Insurance capital modelling software (e.g. Igloo, Remetrica)
• Excellent Microsoft Excel skills – preferably with experience of VBA

About Admiral

We're Wales’ only FTSE 100 company. We have forward-thinking approaches and provide endless opportunities to test, learn and grow. There's a reason we've been named a Best Place to Work: our progressive culture, core values, and commitment to diversity and inclusion have created a working environment where people share ideas, aren’t afraid to speak up and change things, and above all, feel valued.

Admiral has grown from being a small start-up into a multi-national organisation. The company is constantly investigating new products, services and markets and is now present in eight countries with a diverse product portfolio.

Our success goes hand-in-hand with having a strong culture where we put our people and customers first. Our philosophy is simple yet effective: people who like what they do, do it better, and this, in turn, means that our customers receive the level of service and products that they deserve. Our culture is honest, open and wholeheartedly focused on four key areas:

Communication, Equality, Reward & Recognition, and Fun.

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 voted no. 1 in the 2019 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.

If you think this role is for you and would like to be considered for this opportunity, please complete an online application form. 

Please note, we are unable to accept CVs via email.

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