Senior Manager - Capital

This is a senior actuarial role focused on life insurance capital, regulatory requirements, and internal model expertise. You will advise clients on Solvency UK, covering internal model (“IM”) development/validation, Standard Formula (“SF”) assessments, capital optimisation, risk management, and regulatory interaction.

The scope of your services may also extend to other global life insurance markets in which the business operates for example Bermuda. You will have a “once in a career opportunity” to help develop the Life Actuarial consulting risk and capital proposition.

Please make sure you read the following details carefully before making any applications.

It is expected that a typical day will involve:

leading or supporting life insurance client’s internal model development initiatives, refinement and validation, including major model change applications, model governance and documentation

advising clients on SF calculations and appropriateness assessments

assessing capital requirements, including Solvency Capital Requirement (“SCR”), Matching Adjustment (“MA”) and SF capital impacts, and sensitivities

supporting clients with capital aggregation, risk calibration, and scenario/ stress design

providing expert guidance on Solvency UK requirements, PRA expectations, Section 166 reviews regulatory submissions etc.

advising clients on credit risk modelling, new Solvency UK flexibilities and identifying opportunities for clients to optimise capital, including reinsurance strategy support (including Funded Re), asset mix impacts and longevity risk management

developing new client relationships, liaising with existing clients & leveraging your existing relationships to generate revenue for the team

developing and supporting other Life actuarial consulting propositions through identifying cross selling opportunities

developing technology solutions to solve client problems

developing your internal network; and

being agile and flexible to ensure that the team is fully supported

Skills and experience that will lead to success

Role holder is expected to have/be

Proven senior manager level delivery track record in the UK Insurance industry and comfortable presenting to senior leadership and boards

Understanding of other international capital regimes incl. Bermuda (preferable but not essential)

Strong relationships across the UK Life Insurance industry and ability to contribute to revenue generation

Proven Risk & xwzovoh Capital technical expertise – acts as a thought leader within the Life consulting team, coaching other members and setting quality standards

Technical expertise acquired in an (re)insurance company / BPA provider or similar but willing to adapt to a fast-paced consulting environment

Strong understanding of the UK Life Insurance market with a solid grasp on the risk and capital principles with a willingness of applying those principles globally

High performing self-motivated team player that both leads and works collaboratively and is agile & willing to participate in other projects within the team

Ability to work under pressure, takes initiative, proactive, shows resolve and is agile

Ability to sponsor/shape capital modelling automation and analytics (e.g., Python/R/SQL/Alteryx/Power BI)