This job is no longer live. View all current jobs on Actuarial Careers.

An Actuary in the Internal Model team supports the Head of Internal Model and Senior Actuaries in the team to manage and develop risk-based capital models within the Group.


Key duties (including, but not limited to):

  • To support the Head of Internal Model in managing and measuring the Group’s capital position, including:
    • Develop and maintain the Group’s Internal Model, to support Solvency II and IFRS balance sheets, risk appetite and the ORSA, including proposing changes where necessary
    • Ensure the ongoing maintenance of a fully-documented Internal Model which complies with all Solvency II tests and standards on an ongoing basis
    • Implement first line Internal Model validation activities in accordance with the validation framework and facilitate appropriate action in response to validation findings
  • Support capital impact assessments for Group projects
  • Develop BAU processes to run efficiently and deliver robust results, so that timely information can be provided to the wider business

Qualifications required:

  • Qualified FIA, FFA or equivalent

Experience required:

  • Programming experience
  • Strong technical and analytical skills
  • Experience of Solvency II as applied to UK life insurers
  • Ability to assess the materiality of issues and determine appropriate courses of action to inform decisions
  • Previous experience of statistical and stochastic models or wider internal model methodologies would be an advantage
  • Programming experience would be helpful (e.g. VBA, Python, R)
  • Job Type: Experienced Job
  • Experience Level: Newly Qualified
  • Job Reference: 27074
  • Location: London
  • Contract Type: Permanent
  • Employment Type: Full Time
  • Start Date: Immediate
  • Date Posted: 18 Oct 2023
Back to Top

Get the latest jobs