Capital Modelling Actuary
- Recruiter
- Capita Executive
- Location
- England, London
- Salary
- £70000 - £90000 per annum
- Posted
- 12 Nov 2018
- Closes
- 19 Nov 2018
- Ref
- PCK392-285884
- Contact
- Alison Cunningham
- Job Title
- Finance Analyst
- Category
- Banking and Financial Services
- Experience Levels
- Manager
- Contract Type
- Permanent
- Hours
- Full Time
Become the Capital Modelling Actuary of Capita Managing Agency:
Capita Managing Agency Limited (CMA) is a Lloyd's Managing Agency. The immediate parent company of CMA is Capita Insurance Services Holdings Limited, a company registered in England and Wales, and the ultimate parent company is Capita Plc.
As the Capita Modelling Actuary you will enjoy autonomy & variety in an ever-changing & fast paced environment. This is a front-line capital modelling position and the role will require strong experience in this area and a good understanding of the London markets / Lloyds sector. There is excellent scope for personal development in this rare & exciting opportunity.
What you will do:
- In conjunction with the Chief Risk Officer, to ensure that each business has an appropriate Internal Model in place. This includes the following areas.
- Determining an appropriate methodology for each risk category and documenting this methodology.
- Determining parameters for relevant risk categories of the calculation kernel, consistent with each Syndicate's Business Plan and Model runs as required.
- Assist the Chief Risk Officer in determining a primary validation plan, executing the tests and producing a validation report.
- To maintain the policies required to support the Internal Model.
- Producing an Internal Model Version report including an executive summary section
- To maintain the Internal Model Change and Use logs.
- To produce the output requested by Lloyd's as part of the returns required.
- To support the use of the Internal Model by each Syndicate
- To assist in the quarterly Reserving process as required.
- To assist in the production of the ORSA Report for each managed syndicate.
- To undertake training as required by Capita plc and CMA (and approved training for self-development) and keep abreast of trends and developments in the insurance industry relevant to capital modelling
- To contribute to briefings for colleagues and clients to ensure all directors and staff are familiar with the Internal Model, as required.
Your experience will include:
- Strong Capital Modelling experience
- IGLOO experience
- Experience within the London Markets / Lloyds sector
- Ability to present & build relationships at a senior level
- Exceptional written & verbal communication skills
- Able to work independently to tight deadlines
About Capita Managing Agency Ltd
Capita Managing Agency (CMA) can provide syndicate management on a start-up, permanent/evergreen or run-off basis.
CMA is authorised by the PRA and regulated by the PRA and FCA. It is also approved and regulated by Lloyd's as a Managing Agency, offering services to both established insurance entities and new business start-ups.
We have a long history associated with run-off syndicate management and now manage live syndicates in the Lloyd's market.
At Insurance Services, part of Capita plc, we provide a back-office administration function and underwriting services to the insurance industry. We have built our reputation as a credible, highly effective and trusted partner delivering valuable insurance services. We leverage the latest technologies to continually create more efficiency for our customers. Join our professional team here and you'll be providing brokers with technical and regulatory support, fiduciary and claims management.
Insurance Services are part of Capita Plc, the UK's leading provider of business process management and integrated professional support service solutions.
What's in it for you?
At Capita, we believe an open, transparent working environment that encourages ingenuity and collaboration - with colleagues, customers and clients - is what makes us so effective at what we do.
As well as a generous basic salary, we also give you 23 day's holiday (rising to 27), company matched pension scheme and access to a variety of voluntary benefit options. These include a share save scheme, life assurance, holiday buy and many more designed to suit your own personal lifestyle, such as retail, health & wellbeing and leisure discounts.
What we hope you will do next
Help us find out more about you by completing our short application process - click apply now
Capita operates as an equal opportunities employer and we welcome all applications regardless of gender, marital status, sexual orientation, pregnancy, race, colour, ethnic origin, nationality, religion or beliefs, disability, age, political opinions or trade union membership
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