Leave us your email address and we'll send you all the new jobs according to your preferences.

Lead Capital Modelling Actuary - Economic

Posted 3 days 5 hours ago by LE010 Antares Global Management Limited

Permanent

Full Time

Other

London, United Kingdom

Job Description

Responsibilities

Entity Model Delivery: End to end ownership of economic capital models for assigned entities, including parameterisation, calculation kernel updates, and production runs.
Key Performance Indicator(s): 100% on time delivery of model runs for business planning and strategic milestones, with model outputs structured to directly inform commercial decision making and fully explained attributions.
Champion Commercial Application: Drive the understanding and application of return on capital metrics across underwriting and executive teams.
Key Performance Indicator(s): Demonstrable integration of economic capital metrics into Business Planning, Pricing, and Reinsurance purchasing with high stakeholder engagement.
Risk Delivery: Align economic model validation and risk investigations with wider frameworks, applying proportionate testing depth.
Key Performance Indicator(s): Pragmatic resolution of validation queries, prioritised action plans, and submission packs delivered for sign off 48hours prior to deadline.
Methodology & Consistency: Lead R&D initiatives for the economic model, integrating tightly with Exposure Management, Pricing, and Reserving to make the model a dynamic financial tool.
Key Performance Indicator(s): Measurable deployment of R&D enhancements that improve commercial accuracy, particularly regarding tail risk and exposure alignments.
Propose Enhancements: Implement agreed model change items and obtain methodology approval from IMEG.
Key Performance Indicator(s): Successful implementation of approved changes and updated parameters based on latest data.
Technical Understanding: Develop and explain technical aspects of capital modelling to team members and stakeholders.
Key Performance Indicator(s): Clear communication of concepts and explanatory insights into result movements.
Reporting & Business Insight: Produce internal capital reports, validation logs, forward looking macroeconomic stress tests, and scenario analysis to support the Group's risk appetite and ORSA processes.
Key Performance Indicator(s): Stakeholder confirmation of model outputs, timely delivery of inputs to Finance/Strategy, and dynamic, clearly articulated stress testing scenarios.
Process Optimisation: Identify and implement automation or other streamlining opportunities to maximise operational efficiency.
Key Performance Indicator(s): Measurable reduction in manual process time or model runtime and deployment of automated tools/scripts.
Flexible Support: Contribute workload during peak periods, support regulatory submissions, and facilitate cross pollination of methodologies across the capital team.
Key Performance Indicator(s): Seamless integration into Entity/RI teams and high utilisation of assigned tasks.
Documentation & Audit Trail: Maintain robust audit trails, version control, assumptions and expert judgement logs to meet governance standards.
Key Performance Indicator(s): Documentation is detailed enough for business continuity and internal audit without excessive overhead.
Team Management: Provide clear direction, manage objectives, foster collaboration, and develop annual performance reviews for team members.
Key Performance Indicator(s): Alignment of team objectives with company goals, smooth collaboration, and low staff turnover.
Risk & Control: Uphold Health & Safety, Conduct Risk, and GDPR policies and report any breaches to the Data Protection Officer.
Key Performance Indicator(s): Adherence to statutory regulations, Lloyd's principles, and Antares Global policies with timely completion of related training.

Qualifications

Education: Minimum 2:1 degree in a highly quantitative field (e.g., Mathematics, Physics, Actuarial Science).
Professional Accreditation: Qualified Actuary (IFoA or equivalent).
Experience: 7+ years of dedicated capital modelling experience, including full cycle model development and senior advisory on model use.
Technical Competencies: Advanced proficiency in capital modelling platforms (Igloo preferred) and Economic Scenario Generators (ESGs).
Analytical Depth: Ability to perform deep dive validation, explain result movements through attribution analysis, and justify expert judgements.
Process Efficiency: Track record of improving modelling efficiency, coding standards, and automation of outputs.
Regulatory Proportionality: Working knowledge of SolvencyII/UK frameworks (PRA, Lloyd's BMA) and ability to apply them proportionally to economic models.
Asset Liability Matching & Macroeconomic Modelling: Deep understanding of ESG mechanics to model asset risk, inflation volatility, interest rate shifts, and liquidity constraints under stressed conditions.
Leadership & Behaviour: Capability to organise workloads, delegate, provide constructive feedback, and influence stakeholders.
Delivery Focus: Accountability for meeting hard deadlines with high quality output.