Head of Capital Modelling

There is an exciting opportunity for a Head of Capital Modelling to join our growing team.

This role will be responsible for overseeing a diverse portfolio of models, offering a dynamic and stimulating environment, and immense personal and professional satisfaction. As Head of Capital, you’ll play a critical role in driving the long-term success of the organisation. You’ll lead a talented team of ten, working in a supportive and productive environment that values exceptional standards alongside professional growth and work-life balance. This role provides significant autonomy, encouraging creative thinking and out-of-the-box solutions.

You’ll collaborate closely with key stakeholders across various departments, including Reserving, Risk, Exposure Management, Catastrophe Modelling, R&D, Investments, Ceded Reinsurance, and Underwriting. This will also involve working closely with senior leaders such as Entity CEOs, CUOs, and Chief Actuaries.

Capital Modelling reports into the Chief Technical Officer (previously Head of Capital), who is committed to leveraging Capital Modelling to drive strategic decision-making. The department’s strong track record and reputation drives a high level of engagement from the Executive Team, and strong demand for Capital modelling insights.

This is a high-impact role that offers a high degree of autonomy and responsibility. You’ll have the opportunity to make a real difference and shape the future of the company. If you’re a talented and motivated individual with a passion for capital modelling, we encourage you to apply.

Skills & Expertise

• Minimum 2:1 degree (or equivalent) in a subject with a high degree of Mathematics. E.g. Mathematics, Physics, Economics with Mathematics, Actuarial Science.
• Fellow of the IFOA
• 10+ years of experience in Capital Modelling
• 15+ years of total experience in the Actuarial industry
• Passionate about Capital Modelling, embracing the variety and complexity of the challenges it presents.
• Comprehensive understanding of detailed Capital Modelling and parameterisation concepts across all risk types.
• Possess strong technical and analytical skills to drive process and model development
• Extensive experience in driving and enhancing the use of capital models for business decisions via targeted and high-quality education and stakeholder management.
• Confident in communicating in a clear and concise manner, and influencing a variety of stakeholders.
• Strong understanding of Lloyd’s of London and related regulatory Capital submissions.
• Igloo experience desirable. Any other modelling platform is an advantage.
• Ability to balance detailed modelling decisions and insights alongside pragmatism for ‘big picture’ decisions.
• Ability to write high-quality technical and process documents.

Demonstrated Leadership Skills

• Recruit the highest quality candidates to build and maintain a high performing function.
• Inspire the department, linking deliverables to the department vision and their feed into business decisions.
• Foster a fulfilling, challenging and empowered team environment.
• Ensure training needs are met across all levels, covering technical and soft skills.
• Strong project management of the department with clear sight and ownership of all deliverables.
• Able to design, review and prioritise projects, delegate work, assign objectives, progress team members.
• Share knowledge, explain complex modelling concepts and resolve queries both inside and outside the team.

All applicants must have the right to work in the UK.