Remetrica Modeller Actuary – London City recruitment

My Client a Global Reinsurer is actively seeking a Senior Remetrica Modeller to join the Capital Modelling Team.

The team will work closely with the Groups Actuaries, Financial Managers, the acquisitions team and Senior Management.

The team’s purpose is to build up and maintain economic capital modelling facilities across the Group with the following key deliveries:

• Develop and update the internal economic capital model for regulatory purposes (SST, Solvency II) and to support capital reductions in the run-off process.

• Roll out the internal capital model to Group and integrate it into the risk and capital management process.

• Participate in the due diligence phase of new acquisitions by assessing the solvency capital requirements with a simplified economic capital model.

Key responsibilities include using your Remetrica experience and expertise to work with the Capital Modelling Actuary in order to:

• Own and update internal capital model quarterly to support the capital reduction process and ensure compliance with Swiss Solvency Test (SST) regulation.

• Own and update London’s internal capital model quarterly to support the capital reduction process and ensure its compliance with ICA standards and Solvency II.

• Work together with reserving and risk management to integrate the internal capital model into the company’s risk management and decision making processes.

• Prepare documentation required for the regulators (FINMA; FSA) and act as a point of contact together with the Chief Actuary.

• Develop a simplified economic capital model to assess the capital requirements of new company acquisitions in the due diligence process.

• Work towards rolling out the internal capital model facility across the Group.

• Stay up to date on developments in the area of Solvency II and state of the art capital modeling.

• Other ad-hoc actuarial projects relating to risk measurement, assessment and reporting.

• Produce and defend results from the capital model for regular model runs.

• Perform actuarial / quantitative analysis of the model outputs for a variety of uses and problems.

• Own and maintain the documentation relating to the build and maintenance of the model.

Candidate Profile

• Master’s degree in Mathematics, Statistics or Actuarial Science preferred

• A member of the Institute of Actuaries or another internationally recognized actuarial association.

• Proven proficiency in actuarial concepts/methodologies.

• Knowledge and understanding of general insurance and reinsurance including underwriting policies, claims handling policies and local legislation.

• Actuarial experience in an insurance / reinsurance company or consultancy (working on, including pricing, portfolio analysis) preferred.

• Minimum of 2 years of experience of designing, building and running capital models.

• Extensive experience of using DFA modeling platforms/tools and in particular Remetrica.

• Fluent in English and German preferred

Please call me for a confidential chat. Ambrina: 0207 019 4147