Life Consulting Senior Manager (Capital)

This is a senior actuarial role within Life Solutions team, 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 company operates for example Bermuda.

Responsibilities

leading or supporting life insurance client’s internal model development initiatives, refinement and validation; 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

Requirements

Proven senior manager level delivery track record in the UK Insurance industry and comfortable presenting to senior leadership and boards; Strong relationships across the UK Life Insurance industry and ability to contribute to revenue generation; Proven Risk & Capital technical expertise; Technical expertise acquired in an (re)insurance company / BPA provider or similar; Strong understanding of the UK Life Insurance market with a solid grasp on the risk and capital principles; Ability to sponsor/shape capital modelling automation and analytics (e.g., Python/R/SQL/Alteryx/Power BI)

Nice to have

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