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Who we are:
Apollo is a specialised independent (re)insurer, established in 2009, to deliver top-tier products and services to clients, brokers, and capital partners at Lloyd’s. The name "Apollo" was inspired by the achievements of one of its founding investors, Neil Armstrong, the first person to walk on the moon in 1969. Together with Jim Hays, Neil identified an opportunity to create a unique service provider within Lloyd’s.
Since its inception, Apollo has significantly broadened its portfolio of insurance solutions. This includes Apollo 1969’s traditional and specialty lines, ibott 1971’s innovative sharing economy products, and managing agency services at Lloyd’s through our Strategic Partner Syndicates. Today, Apollo continues to grow with team of over 270 professionals dedicated to fulfilling the company’s mission of enabling a resilient and sustainable world.
“We attract and retain a diverse range of talent by fostering an inclusive, equitable team environment where individuals from all backgrounds have opportunities to grow, succeed, and contribute. We empower our teams to achieve excellence and drive forward-thinking solutions, aiming to enable a resilient and sustainable world.” - David Ibeson, Group CEO
Your Role:
Reporting to the Head of Capital Modelling, assist in maintaining and developing the Capital Models for all syndicates/entities. The role will involve interaction with various teams within the business to ensure changes in risk profile are reflected in the model. There will also be opportunities to do investigative work and get exposure to senior members of the business early-on.
What you’ll do:
- Lead on aspects of Capital Modelling, including:
- The development, parameterisation, documentation and running of the internal capital model(s)
- Capital regulatory reporting to appropriate authorities globally.
- Representing the capital model function internally and supporting the governance process in respect of capital modelling
- Working with senior leadership to support capital planning and capital management activities.
- Embedding capital modelling within the business to aid improved decision making through, for example, input into the business planning process, portfolio optimisation, business growth strategy, and reinsurance purchases.
- Lead on workstreams such as submission of the Standard Formula, Lloyd's Capital Return (LCR) or Lloyd's Standard Model (LSM) and associated forms/documentation for some/all managed syndicates.
- Engage and collaborate with both internal and external stakeholders, for example underwriting divisions, finance and risk management; communicate results of capital work to these stakeholders as required.
- Support the HoCM in overseeing and coordinating the delivery of any IMAP submissions for new syndicates, including engagement with Lloyd's.
- Contribute to Internal Model related policies and documentation.
- Assist in validation of Internal Models
- Respond to and incorporate (as necessary) validation findings and regulatory feedback in a timely manner.
- Contribute to the evaluation and establishment of new business ventures (for example, Strategic Partner Syndicates).
- Ensure adherence to all applicable regulatory and professional standards.
- Involvement in the solvency capital assessment for Apollo in line with Lloyd’s guidelines and other Solvency 2 / Solvency UK deliverables
- Assist in the parameterisation of new classes when applicable for each of the models
- Manage direct report and enable their development through training and mentoring
What we are looking for:
- Capital modelling experience: technically minded, understanding of capital modelling methods, always looking for opportunities to improve and refine the model. Experience of working with capital modelling software, preferably Tyche (or similar).
- Fully qualified FIA
- Experience in the Lloyd's Market: Familiarity with Lloyd's market structure, operation and lines of business.
- Problem solving and creative skills: Ability to proactively evaluate, research/explore with inquisitiveness and use creativity to overcome challenges.
- Presentation and interpersonal skills: Ability to develop relationships and present own perspective with clarity.
- Excellent written and oral communication: Ensuring you tailor your message to your audience.
- Sustainable work ethic: Self-motivated, able to deliver high quality outputs, with recognition of priorities and own/others wellbeing.
- Continuous Learning: Stay updated on industry trends, regulations, and best practices to enhance your Capital Modelling and leadership knowledge and skills
- Training and Mentoring: Provide guidance and mentorship to junior team members.
What you will get in return:
Our compensation package is designed to attract top talent. In addition to a fair and attractive salary, this role offers a discretionary bonus and a comprehensive range of benefits, including 31 days of annual leave, a non-contributory pension, private medical and travel insurance.
Our Commitment to Inclusion:
Apollo is a growing and diverse team of empowered and passionate experts who focus on bringing innovation, data driven decision making and collaboration to every relationship and every risk. To meet the needs of a demanding global insurance market, we need a diverse workforce that truly understands the international communities we serve.
That is why we're focused on developing diverse talent at every level; inclusion and diversity means more to us than just chasing a target and we are committed to supporting and celebrating difference. Our people are at the heart of our business which is why we value the diversity of thought and talent of every member of our team.
We offer a range of support and run a programme of events and training that recognise the challenges and opportunities relating to diversity.
Hybrid & flexible working:
At Apollo, hybrid and flexible working is fully embraced and we do not see the benefit of presenteeism. We understand that no two colleagues are alike, and as such we support the ability to remain agile and achieve a home and work balance to best suit business and personal commitments.
Thank you!
To find out more about our values, ESG strategy and commitment to inclusion please click on the 'Life at Apollo' pack.
Apollo (apollounderwriting.com) London, England Office
One Bishopsgate, London, London, United Kingdom, EC2N 3AQ
