Capital Modelling Actuarial Analyst Job Summary
The Capital Modelling Actuarial Analyst will be responsible for assisting management with the development and parameterization of internal capital models. The ideal candidate will have experience in capital modelling and possess strong analytical skills, including the ability to solve complex problems using sound reasoning and judgement.
Key Responsibilities:
* Assist management with the ongoing development and parameterization of internal capital models.
* Support capital submissions to regulators, including the BMA, Lloyd's, the PRA, the CBI, and FINMA.
* Run models for quarterly updates, analysis of reinsurance purchases, ad-hoc model runs for new business initiatives, merger and acquisition analyses, and for other strategic business purposes.
* Perform industry research and analysis of parameters and methodologies, including loss distributions, asset distributions, correlations, etc.
* Assist with validation of models and liaise with other departments as necessary to gather expert knowledge.
* Create and maintain model documentation.
* Assist with developing training material for senior management.
* Create exhibits for risk management committee and board meetings.
Qualifications:
Required Skills and Qualifications:
* 2 or more years of experience as an actuary in a General Insurance role.
* Completion of at least 5 Actuarial exams.
* Experience with capital modelling preferred.
* Tyche experience an asset.
* Bachelor's degree in Math, Statistics, Economics, or related field.
* Strong Excel and programming skills (e.g. VBA, Python, R, SAS).
* Knowledge of Solvency II principles an asset.
* Ability to solve problems using sound reasoning and judgement.
* Good writing skills and able to communicate complex ideas to non-technical audiences.
* Detail orientated and strong organizational skills.