Capital Actuary
Date Posted
13th March 2024
Reference
GM1303241
Sector
Health
Job Type
Permanent
Location
London
Benefits
Excellent Benefits
Salary
£75,000 Per Annum
Job Description Apply: Capital Actuary
We are assisting our global health insurance client in the search for a capital actuary to join their growing team. We are looking for Newly / Nearly Qualified candidates who will join the Group Actuarial team in London.
Responsibilities:
- Lead the planning and execution of the annual capital assessment, including the development and upkeep of the Economic Capital Model. Focus on refining methodology, risk calibration, dependency/aggregation, validation, and analysis of economic capital needs
- Assist in updating modelling and risk calibrations, maintaining model documentation, and generating reports aligning with Enterprise Risk Policies and Standards
- Conduct analysis and investigations related to risk calibration models, engaging in workshop discussions with key stakeholders from the insurance and healthcare sectors
- Execute changes to the Capital Modelling platform (Aon ReMetrica), ensuring proper control, documentation, and reliable output production of underlying change processes
- Provide support for the proliferation of Economic Capital models throughout the organization, utilizing them as decision-making tools for risk appetite review, investment strategy, capital allocation, optimization, and scenario analyses
- Scrutinize capital adequacy regulations for compliance, driving ongoing enhancement in capital models, data transformation, methodologies, assumptions, processes, and controls
- Prepare content for reporting capital requirements to the Executive, Board, and relevant regulatory bodies
- Develop strategic business solutions in response to emerging challenges and opportunities
Requirements:
- Newly / nearly qualified Actuary
- Background in General, Health or Life Insurance
- Experience with capital modelling techniques and reporting
- Familiarity with Aon Re-Metrica or Aon Tyche software is advantageous but not required
If you are interested in discussing the current market or would like to run through the opportunities I have available. Please get in touch with Fabio Da Silva Faria:
fabio.dasilvafaria@goodmanmasson.com
0782 725 9053
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