London

Shanghai

Associate

Qualified

Senior Actuary

Life

Investments

Property & Casualty

Reserving

Reporting

Reinsurance

Risk

Python

Modelling

Coding

Motor

Pricing

Tyche

Capital

Consulting

Excel

ReMetrica

Marine

Contract

Job DescriptionDrive the Capital Team in the provision of actuarial services to SCOR Managing Agency and Syndicate 2015 (hereafter collectively referred to as “SMA”), focusing on capital modelling and supporting business planning, exposure management and outwards reinsurance analysis.Responsibilities<ul><li>Take early ownership of the BAU running of the Internal Capital model, parameterisation and maintenance of the model.</li><li>Work with stakeholders across the business to parameterise and validate inputs to the internal model.</li><li>Implement internal model changes as required in line with the Capital Modelling Plan.</li><li>Deliver a regular capital report to SCOR stakeholders and the Internal Model Steering Group explaining results, key movements and key assumptions/uncertainties relating to the Lloyd’s Capital Return (LCR) submission.</li><li>Update the LCR and supplementary forms in line with the Lloyd’s capital timetable.</li><li>Perform first line model validation and assist with the validation report.</li><li>Perform the quarterly Lloyd’s Catastrophe Model (LCM) process.</li><li>Contribute to business planning, outwards reinsurance purchase and technical provisions processes.</li><li>Update the standard formula and Internal Model Output (IMO) templates annually.</li><li>Manage SCOR Internal Model requests to enhance integration with the SCOR Group model.</li><li>Support the business to gain insights from the use of the capital model.</li><li>Maintain model documentation and write new documentation as required.</li><li>Stay abreast of best practice to ensure that all actuarial work is of the highest standard and SMA continues to meet the tests and standards of the Solvency II Directive, and to maintain SMA’s rating against the Lloyd’s Principles for Doing Business.</li></ul>QualificationsExperience<ul><li>Experience in general insurance capital modelling working in a Lloyd’s syndicate or London Market.</li><li>Knowledge of Tyche, SQL, RMS, Economic Scenarios Generators would be an advantage.</li><li>Advanced Excel skills/Python and with a good working knowledge of VBA.</li><li>Good actuarial exams progress with the Institute and Faculty of Actuaries or equivalent.</li><li>Knowledge of Lloyd’s requirements and understanding of how they affect the business.</li><li>Preferred Solvency II regulatory understanding.</li></ul>Personal Competencies<ul><li>Confidence to take on the responsibility and ownership of the day to day running of the model at an early stage, including the presentation of the results at the key stakeholders across the business.</li><li>Be comfortable working through technical problems at a granular level.</li><li>Excellent interpersonal verbal and written skills that enable the candidate to communicate effectively with colleagues and capital committees.</li><li>Integrity: be honest and professional in all dealings with colleagues.</li><li>An independent thinker with an analytical mindset.</li><li>Flexibility: the ability to manage workload and prioritise different tasks.</li><li>Ability to work collaboratively with others in the Capital Team.</li></ul>About UsAs a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk.Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values: we care about clients, people, and societies; we perform with integrity; we act with courage; we encourage open minds; and we thrive through collaboration.SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.

Capital Actuary Analyst (6m FTC)Company: Munich Re Specialty - Global MarketsLocation: London, United KingdomAt Munich Re Specialty Group (MRSG), individuality and intellectual curiosity are key drivers for our success and innovation. We believe that leveraging a variety of perspectives and backgrounds, and empowering all employees to make an impact, will motivate us to perform at our best and give us a competitive edge.We are committed to building a strong and inclusive culture where everyone is welcomed and valued for their own expression of self-identity.About usMRSG is part of the Munich RE group. We are known for our dedication to excellence and quality of service provision across both primary and reinsurance.As well as operating in the Lloyd’s of London market, we conduct our business via a global network of service companies, with offices located in the UK, Ireland, the United States, Asia, including Singapore, Labuan, and Dubai.Our group of companies provide solutions covering Casualty, Marine & Cargo, Aerospace, Cyber, Political Violence, Trade Credit, Property, Contingency, and Yacht. Our purpose is to inspire our clients and people with the confidence and freedom to explore, create, and build – to enable people and businesses to thrive.Role OverviewProvision of actuarial capital support to the Syndicate, while developing modelling and actuarial skills. In particular, this includes:<ul><li>Supporting the provision of accurate and timely SCR and capital related figures.</li><li>Maintaining the Internal Model (IM).</li><li>Checking and validating the IM and associated changes.</li><li>Assisting with parameterisation and validation of the IM and associated documentation, including data analysis and cleansing, updating documentation on model changes, and developing understanding of the internal model.</li><li>Populating Lloyds required data.</li></ul>The Role<ul><li>Develop a deep understanding of capital modelling, its regulations, and importance to the Syndicate.</li><li>Further develop Tyche skills and code increasingly complex model changes in the IM.</li><li>Develop current knowledge and understanding of the IM.</li><li>Provide suggestions on possible future changes to the IM, including identifying its requirements, advantages, and disadvantages.</li><li>Data analysis to support the inputs of the IM, including data checking, review, and distributional fitting.</li><li>Support the work of the capital modelling team, including running the model, updating inputs, providing outputs, and documentation.</li><li>Use and suggest updates to supporting documentation, particularly for processes.</li><li>Carry out validation analyses as needed, assist with resolution of validation issues, and prepare primary validation report for the Director of Risk & Compliance.</li><li>Undertake actuarial examinations to qualify as an actuary.</li><li>Develop basic (level 1) knowledge and understanding of Lloyd’s rules and regulations.</li><li>Assist where required to support the wider Actuarial Function.</li><li>Help drive forward good conduct for the business to deliver the best outcomes for customers and policyholders.</li></ul>What we are looking for<ul><li>Practical experience in a General Insurer or preferably a Lloyd’s Syndicate.</li><li>Good numerate degree.</li><li>Good IT skills (minimum of Excel, preferably SQL and some programming experience in Tyche desirable).</li><li>Intermediate knowledge and understanding of:
<ul><li>Underlying principles of Reinsurance and operation of reinsurance programmes.</li><li>Capital Modelling.</li><li>Underlying principles of Insurance.</li><li>Solvency II reporting requirements and basis of calculations.</li><li>Actuarial techniques.</li><li>Capital Modelling process, coding, and the IM.</li></ul></li><li>Developing detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment.</li><li>Good working knowledge of statistical methods.</li><li>Desire to develop and maintain current market knowledge on practices and regulation.</li><li>Willingness to continue to develop knowledge of any related issues.</li><li>Ability to work relatively independently, while understanding limitations and when to ask for advice.</li><li>Capital Actuarial Experience is desirable, ideally in a GI setting, but not essential.</li><li>Some actuarial exam progress (though not essential).</li></ul>Your career with usAt MRSG, you’ll find the flexibility, development, and support you need to excel in your career combined with a competitive salary and a benefits package that promotes wellbeing and work-life balance.Diversity & InclusionCreating an inclusive environment is a crucial part of the Munich Re culture, and we are committed to our Diversity & Inclusion Policy. We seek to provide a fair and supportive work environment that offers learning and development opportunities for all.Working together, we are an employer of choice by building the workforce for today and the future.Push Boundaries. With us. | Munich Re

STG APAC Actuarial Consulting Associate DirectorAon is in the business of better decisionsAt Aon, we shape decisions for the better to protect and enrich the lives of people around the world.As an organization, we are united through trust as one inclusive, diverse team, and we are passionate about helping our colleagues and clients succeed.What the day will look like<ul><li>Appointed actuary</li><li>Actuarial pricing and portfolio mix support</li><li>IFRS 17 GI client projects and remediation</li><li>Client finance and actuarial transformation including the utilization of ReMetrica and Tyche implementations and managed service arrangements.</li><li>Mergers, Acquisition and Market Entry</li><li>Captive IFRS 17 support managed service</li><li>One-off IFRS 17 Captive set-up including technical accounting papers, policies and processes.</li></ul>How this opportunity is differentThe role will provide support to the Regional Director, Greater China Actuarial Leader, STG APAC in relation to leading and developing the origination, sale and delivery of actuarial consulting services to new and existing General Insurance clients in APAC.Services will be provided in cooperation with the Finance STG APAC team and will report to the Regional Director, Greater China Actuarial Leader, STG APAC.The role will assist in the hiring, training and management of STG junior actuarial staff in ASEAN and the wider APAC region.Skills and experience that will lead to success<ul><li>Candidates should be educated to degree level and be a qualified actuary with at least 10 years of actuarial experience.</li><li>Prior experience in a consulting role with a big four accounting firm.</li><li>Prior experience should include leading workstreams of multi-million USD finance and actuarial transformation engagements.</li><li>Prior experience in terms of selling consulting services.</li></ul>

At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field from data, technology, customer care and auto repair, to HR, finance and procurement, we’re a customer-obsessed market powerhouse. And we all work together to be brilliant for customers, every single day.DLG's growth is supported by our Risk function. From Upstream Risk, Regulatory Advice and Compliance Management Information to Privacy and Data Protection, our Risk and Compliance teams keep us one step ahead, always. With links to every part of the business, and the responsibility for keeping people safe and compliant with all regulatory, claims, and underwriting controls, we’ve got opportunities to develop your skills no matter your specialization.We are looking for people to join us who are excited by the challenge of becoming a cutting-edge Risk function, and as a result we have an exciting opportunity to join the team as a Risk Actuary, focused on the group's Capital position.What you'll be doing:Reporting into the Head of Validation, you will undertake the ongoing technical independent validation of the Internal Economic Capital Model (IECM), with a primary focus on reviewing and performing the technical test elements and coordinating the delivery of primary validation testing, as part of DLG's continuing compliance with Solvency II.Our Model Validation Team has an objective to bring more of the validation activity currently outsourced, in-house and putting processes in place which will improve efficiencies. And this role will be imperative to achieving this!What else will you do?<ul><li>Supporting the Validation Framework planning, leading on and performing deep dive reviews into models and reporting findings to the Model Validation Team, leading on model change testing and parameter selection reasonableness checks</li><li>Risk oversight reviews of Solvency II reporting, capital management, investment activity, and pricing</li><li>Produce and share regular external and internal market reporting and commentary on DLG risks</li><li>Build and maintain effective relationships across different teams (wider Risk and Compliance, Actuarial, and Investment and Capital Management/Treasury)</li></ul>What we're looking for:<ul><li>Nearly or newly qualified actuary (or similar) with technical experience in Capital, Reserving or Pricing</li><li>Experience with Tyche modelling software would be an advantage</li><li>Good understanding of market risk and asset liability management</li></ul>Hours: 35 hours (Monday - Friday)Ways of WorkingOur mixed model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone. Most colleagues are in the office twice per week, and we'll consider the flexible working options that work best for you.BenefitsWe recognize we wouldn't be where we are today without our colleagues, that's why we offer excellent benefits designed to suit your lifestyle:<ul><li>Generous 9% employer pension. Regardless of whether you contribute into your pension or not, DLG pay 9% into your pension (but you can take this as cash if you want!)</li><li>Eligibility for annual performance bonus of up to 10%</li><li>50% off home, motor and pet insurance</li><li>Free travel insurance and Green Flag breakdown cover</li><li>Electric Vehicle car scheme which allows all colleagues to lease a brand new electric or plug-in hybrid car in a tax efficient way</li><li>Generous holidays, starting at 25 days and going up to 28 days per year. Plus, the option of buying or selling up to 5 days each year!</li><li>Buy-as-you-earn share scheme</li><li>Employee discounts and cashback</li></ul>Being yourselfDirect Line Group is an equal opportunity employer, and we think diversity of background and thinking is a big strength in our people. We're delighted to feature as one of the UK's Top 50 Inclusive Employers and are committed to making our business an inclusive place to work, where everyone can be themselves and succeed in their careers.We know you're more than a CV, and the things that make you, you, are what bring potential to our business. We recognize and embrace people that work in different ways so if you need any adjustments to our recruitment process, please speak to the recruitment team who will be happy to support you.

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