Capital Actuary

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

THE ROLE:
This role is central to the development and enhancement of the Ascot Group Capital Model, ensuring it
meets the objectives of the Actuarial and Risk Functions across all global platforms. You will help advance
the use of stochastic modelling to inform capital requirements, portfolio analysis, and reinsurance
strategy—supporting business planning and capital allocation at Group level.

A major focus will be modelling overseas entities (Ascot US and Ascot Bermuda), covering
parameterisation, reinsurance analysis, and Group capital reporting, alongside broader model use projects
that drive strategic decision-making.

Working closely with the Capital Manager, you will maintain and evolve the internal Group Capital Model for
risk transfer projects, credit rating analysis, and capital analyses. The role requires strong technical skills,
adaptability, and collaboration across multiple teams. You will also contribute to high-quality reporting,
documentation, and analysis that underpin Ascot’s strategic objectives.

SPECIFIC JOB RESPONSIBILITIES:

• Support the Ascot Group Capital model development project in line with model development plan.
• Take a lead role in modelling overseas entities (Ascot US and Ascot Bermuda), including
parameterisation, reinsurance analysis, and associated Group capital reporting.
• Support cyclical risk parameterisation projects across all risk categories, ensuring robust analysis
and responding effectively to feedback from Capital Managers and other stakeholders of the Group
Capital Model.
• Support model use projects and development of model reports and outputs that aid discussion with
regards to portfolio analyses, reinsurance analyses, and capital allocation.
• Review and develop model inputs and outputs and be able to justify and communicate their
appropriateness to Capital Managers and Deputy Group Head of Capital.
• Review and enhance the model structure and model development within ReMetrica, making updates
and adjustments where necessary. The role offers opportunities to develop these skills.
• Contribute to regulatory and Group credit rating filings, such as but not exclusively BSCR, AM Best,
Fitch and S&P, along with supporting papers and documentation for these external meetings.
• Preparation of papers and supporting analysis for committee meetings including annual Actuarial
Function report, ORSA/GSSA reporting and stress and reverse stress testing analyses.
• Support the first line of validation testing including preparation of validation schedules, production of
test results, and providing rationale of testing outcome from a non-independent perspective.
• Production and update of internal model policies, technical procedure and methodology documents
owned by the Capital Modelling function.
• Provide capital modelling support to the wider objectives of the Ascot Group including but not limited
to interactions with the Pricing, Reserving and Risk functions as required.

OTHER:

• Proactive and positive contribution to the Ascot Group Actuarial and Risk Functions with respect to
culture and teamwork, contributing to the overarching objectives of the team.
• Working collaboratively and providing guidance to more junior members of the team as required, to
encourage knowledge sharing within the team.
• High quality/accurate/robust processes and timely delivery of outputs are fundamentals.
• Undertake relevant technical training to develop actuarial and business knowledge with attendance
of relevant events/seminars where applicable.
• Ability to work independently while collaborating across global teams.
• Provide ad-hoc actuarial support for other Ascot offices, including Ascot Group, Ascot Bermuda and
Ascot US.

SKILLS:

• Experience of General Insurance capital modelling and model validation.
• A self-motivated, proactive individual with the ability to challenge and improve existing processes and
workflows in line with the Ascot values.
• Critical thinking skills – problem diagnosis and problem solving. Ability to think ‘outside of the box’ to
find solutions and be able to identify business challenges and propose and implement solutions to
meet Ascot Group needs.
• Proactive candidate that can prioritise and manage own workload as well as being collaborative
within a team.
• Proven ability to build strong relationships with a wide variety of stakeholders.
• A desire to further develop existing skills by seeking feedback and support as appropriate, and a
willingness to provide the same level of support and knowledge sharing with the team.
• Excellent written and oral communication skills, including report writing and ability to summarise
complex points for technical and non-technical audiences.
• Strong organisational and project management skills.
• Microsoft platform experience (e.g. Word, Excel, SharePoint, and Power BI).
• Other programming experience, e.g. SQL, R, Python advantageous.
• ReMetrica experience an advantage.

Please be aware that Ascot Group’s job opportunities will be posted on our official careers page. All official communication comes from @ascotgroup.com email addresses, if you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy. We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group.

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