Capital Modelling Actuary

Overview

About us

 

Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.

 

Role Purpose

 

Responsible for maintaining and running parts of the IQUW capital model to meet regulatory and internal stakeholder requirements. Assist the Managing Agency Head of Capital in providing support to the Board and senior management in matters relating to capital requirements and business uses for the capital model. Maintain the data sets and processes necessary to operate the model.

We are looking for a collaborative, determined, and agile candidate to maintain and adapt the internal model and underlying processes to reflect the rapidly changing risk profile of the company.

We currently operate a hybrid working model. This entails 3 days per week collaborating with colleagues in the office, and 2 days working from home. 

 

Key Responsibilities

 

• Support the Capital Modelling Team to maintain and update the internal model to meet Lloyd’s capital requirements and business needs:

 

• Work with the business to update model calibration.
• Build and develop process improvements to streamline inputs, model processes and output reporting.

• Updating data and parameters in the internal model, running the model and sense-checking outputs

• Develop the internal model to meet the changing needs of the business and of Lloyd’s;

• Contribute to solving problems arising from running and changing the model, and assume key responsibility in testing the model, including being able to make model code changes;

• Fulfil documentation requirements of the internal model;
• Meet Lloyd’s submission requirements and deadlines;
• Support business uses of the capital model;  
• Support the validation process as necessary.

 

The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.

 

Qualifications, skills and expertise

 

• Actuarial skills at the level of an FIA qualified UK actuary.
• Strong IT skills, knowledge of Tyche strongly preferred.
• Capital modelling experience and knowledge, including both Lloyd’s and Solvency II requirements.
• Knowledge of general insurance, including property and specialty lines of business.
• Strong communication skills.

 

 

Core behavioural competencies

 

• Analysis and decision making
• Innovation and problem solving
• Strategic perspective
• Commerciality
• Relationships
• Performance focus
• Communication and influence

 

Additional Information

 

• A full job description can be seen here.

 

Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.

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