Syndicate Head of Capital

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.

Job Purpose:

SPECIFIC JOB RESPONSIBILITIES:

Lead Syndicate Capital (LCR) Reporting

Responsible for the preparation of the Lloyd’s capital requirement including all associated activities. 

• Manage risk parameterisation projects across all risk categories on a cyclical basis.
• Contribute to Syndicate business planning.
• Lead Internal Model Committee reporting through the model update processes ahead of Lloyd’s LCR submission.
• Preparation of papers and supporting analysis for committee meetings, with opportunity to present findings. 
• Preparation of all Lloyd’s reporting, including all MDC submission forms and supplementary reporting. 
• Liaise with individuals outside of capital team on projects involving other areas of the business in order to further the objectives of the capital team. 
• Production and update of internal model policies, technical procedure and methodology documents owned by the actuarial function.
• Take a lead role in 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.
• Work with independent validation team to enable validation reporting alongside the LCR submission.

Lead wider Regulatory Syndicate Capital Reporting

• March SCR reassessment and any major model changes

• Standard Formula

• PRA Return

• Any other reporting (e.g. Lloyd’s major claims returns, etc).

Contribute to broader Syndicate Capital Output

• Syndicate ORSA Report contributions

• Actuarial Function Reporting

• Other model use projects including portfolio analyses, reinsurance analyses, and capital allocation.

• Manage QCT reporting with investment team

Contribute to Internal Model Development

• Work with capital management team to develop the (group) internal model to continue to meet the requirements of the business, this includes building out additional reporting.

OTHER:

• Day-to-day co-management of the capital team’s processes and delegating work across the team to ensure projects are delivered of a high quality in a timely manner.

• Bring benefit of experience to provide an objective view on best practice and be prepared to contribute to a range of tasks to meet the team’s short and longer-term goals.
• High quality/accurate/robust processes and timely are fundamentals.
• Provide training for members of the actuarial function to develop their technical expertise, ensuring knowledge is shared within the team.

• Provide actuarial support to the wider objectives of the actuarial team across pricing and reserving and supporting the risk function as required.

• Contribution to the maintenance of Lloyd’s Oversight Principles, maintaining maturity ratings and continued compliance with Solvency UK regulation.

SKILLS:

• Management experience of capital modelling, model validation, and associated reporting.

  • ReMetrica experience required.

  • Subject matter expert in the Lloyd’s regulatory reporting framework preferable.

• Strong people and process management skills, with a proven track record of delivering results through the enablement of others.

• 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.

• 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. 

• Proven ability to build strong relationships with a wide variety of stakeholders.

• 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.

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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