Capital Analyst

As a Capital Analyst, the jobholder facilitates the build, maintenance, parameterisation, documentation, and running of the models to support risk and capital management at IGI. Training and development support will be provided as part of the role.
The job holder will report to the Head of Capital, within the Actuarial team. This role is based in London with occasional travel to Amman (Jordan) office.Job Description

Company Description

IGI - International General Insurance Co. Ltd. is a leading international specialist commercial insurer and reinsurer with a global portfolio of Energy, Property, Construction & Engineering, Ports & Terminals, Marine, Financial Institutions, General Aviation, Professional Indemnity, Casualty, Directors’ and Officers’, Legal Expenses, Political Violence, Contingency and Treaty Reinsurance. Registered in Bermuda as a limited liability company, with operational headquarters in Amman, Jordan and offices in London, Malta, Bermuda, Norway, Dubai, Kuala Lumpur and Casablanca, we aim to deliver outstanding levels of service to our clients and brokers. Our ratings reflect the financial strength of our business: “A” (Stable) from AM Best; “A-” (Stable) from S&P. In 2024, we had net earnings of $135.2 million. Our holding company has assets in excess of $2,037.6 million, as at 31 December 2024.

Key Responsibilities

• Build, operate and maintain the stochastic capital model using Tyche software and deterministic regulatory and rating agency models using Excel and Psicle software to meet management needs in terms of economic capital, ensure methods and assumptions used are appropriate

• Maintain and enhance the governance around documentation and change control

• Source, validate and automate data inputs feeding into the stochastic and deterministic models

• Perform regular recalibration of the capital model, develop expert judgements and prepare reports and presentations for senior management

• Support the production of the risk and capital analytics to support key decisions across the organisation e.g. business planning, reinsurance strategy and other ad-hoc business request

• Maintain and improve the production of quarterly and annual calculations for regulatory and rating agency submissions

• Work together with other members of the risk management, exposure management and actuarial department and with all other business units to ensure effective communication within the firm in layman’s terms

Professional Conduct

• Understands and behaves in accordance with the regulators Conduct Rules
• Understands, and at all times, conducts work and oneself in line with the corporate values 

Innovative, coming up with solutions

• We listen, consider and endeavor to offer solutions to all our customers
• We encourage our employees to innovate and to come up with new ideas and initiatives

Genuine, authenticity matters

• We are a global team, supporting and collaborating with each other, for the benefit of all our stakeholders
• We celebrate diversity and recognize that each individual is unique, and of value to ourselves and our society

Integrity, remaining true to our employees, customers and stakeholders

• We put our principles into practices, doing only what’s right for our customers, employees and shareholders
• We believe in building relationships, internal and external, based on trust, truths and real collaboration

Key Attributes & Professional Qualifications

• Prior track record of capital modelling within P&C sector is desirable but not essential (Lloyd’s / London Market experience is desirable)

• Coding skills in at least one of these programming packages is desirable – R, Python, VBA, Igloo or Tyche

• Excellent verbal and written communications skills in English, and the ability to work in a multicultural environment. Ability to turn actuarial jargon into layman’s language

• Creative, innovative and logical thinking, and great attention to detail

• Ability to gather and use data to identify areas of change or improvement that can bring about the greatest benefit to the business

• Excellent communication skills

• Self-motivated and solutions-oriented

• A team player

Benefits

• 15% employer pension contribution

• 25 days holiday per annum and the ability to buy or sell up to an additional 5 days

• Corporate benefits including private health insurance with Vitality (extends to family), Income Protection, Life Assurance, Dental Plan, Gym Membership, Cycle to Work, Childcare Vouchers and £500 per annum towards gym or health club membership