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Trainee Actuary/Capital Analyst

Cardiff

  1. Full time

Closing date

01/04/2021

About the job

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This vacancy has now expired. Please see similar roles below...

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Key Responsibilities:

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

  • 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
  • The 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 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
  • 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

Other:

  • 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.

Candidate profile:

An actuarial student working their way through the IFoA exams with non-life experience (minimum 2 years)

  • 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

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.

You can also view some of our other key benefits here; https://admiraljobs.co.uk/employee-benefits/.

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

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Cardiff

Job Type

Full time

Department

Finance and Acturial

Location

Cardiff

Office address

Tŷ Admiral, David Street, Cardiff, CF10 2EH

Description

Admiral Group is a leading FTSE100 Financial Services company with a presence in eight countries. The company was set up in 1993 as a car insurance specialist, but since then the Group has expanded in

Reference

4759

Expiry Date

08/04/2021

Ben Moriarty

Vacancy managed by

Ben Moriarty
Ben Moriarty

Vacancy managed by

Ben Moriarty
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Our Benefits

As one of our four pillars to our culture, Reward and Recognition is extremely important. We believe that happy staff make happy customers, so we have a huge range of great benefits to make sure everybody has something to smile about! Here are a few of our more popular ones.

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