Capital Modelling Analyst

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Role Summary and Purpose

• The role is for an actuarial analyst to join the capital modelling function of Arch Insurance International.
• The successful candidate will have the opportunity to work in a mid-sized team and gain in-depth experience of all elements of the capital modelling function.
• The successful candidate to learn and develop in a dynamic team with an opportunity to drive model improvements and process efficiencies.

Key Tasks and Responsibilities

• Supporting the parameterisation of the model, including participating in meetings with subject experts.
• Assisting with the build, maintenance and running of the capital model.
• Producing, interpreting and developing model outputs for various audiences and uses, including reinsurance purchase, business planning and capital allocation.
• Assisting with the completion and submission of regulatory returns to Lloyd’s and the PRA.
• Contribution to the validation of the model through carrying out and interpreting the results of various validation tools.
• Assisting with the documentation of the model for internal and external purposes.
• Ensuring the model change process is embedded and a proper audit trail is kept.
• Identifying and improving efficiencies in existing processes and developing model enhancements.
• Supporting the completion of the quarterly technical provisions calculations and the corresponding regulatory reports.
• Assisting in the completion of the standard formula return.

Role Requirements & Skills

• Knowledge of stochastic modelling techniques and insurance to maintain, run and develop the capital model.
• Good Excel skills
• Programming skills desirable (ideally Python)
• Attention to detail and ability to work under pressure are a must
• Good interpersonal and communication skills

• BSc in Mathematics or related field
• Good progress through the Actuarial exams

• At least 1-3 years of capital modelling and General Insurance experience, Lloyd’s preferred.
• Good working experience of capital modelling software experience.  Tyche experience is desirable but not necessary.

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