Capital Modelling Lead

Capital Modelling Lead

London Hybrid working 2 days a week in the office

Lets make the most of your talent

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 were a customerobsessed market powerhouse. And we all work together to be brilliant for customers every single day.

Our Corporate Actuarial teams deal with risk on a billion pound scale. Bringing together the widest range of skills tools and information they calculate the risks and potential claims from across the organisation. Market leading techniques. Maximised profitability. Businesswide connection. Thats how we support some of the UKs most recognisable brands to grow and develop.

What youll be doing

Our customers and shareholders rely on DLG managing its risk. You will support this through the assessment and quantification of risk including capital requirements. You will lead elements of the calibration and applications of the internal economic capital model (IECM) within DLG. It will also involve leading the planning and successful implementation and delivery of large strategic projects usually in partnership with Capital Management and Strategy teams. The role also involves providing expertise on actuarial and business issues especially around capital modelling.

• Ensure executive decisions based on a clear understanding of the impacts on IECM capital requirements now and in the future with recommendations for improving the Groups risk and capital position.

• Lead plan manage analysis that keeps the IECM up to date and aligned with DLGs risk profile. To include leading analysts to deliver updates following a preagreed annual timetable and following all IECM governance processes.

• You will work with SMEs in the business with insights in to the risks being modelled within the IECM and also working with the independent validation team to provide the necessary assurances around the IECM updates.

• You will also require facing off to senior stakeholders in various governance fora to explain technical aspects of the modelling the modelling results and justifying any expert judgements being made.

• To communicate and educate users of the model provide insight into associated deliverables such as risk appetite ORSA and other adhoc decisions or analysis requiring consideration of capital requirements and resources.

• Ensure models researched and built for capital modelling and its applications use appropriate techniques & data and are efficient high quality well documented & verifiable.

• Lead large/complex projects with potentially changing requirements

• Investigate solutions to complex issues; communicate with stakeholders to develop the reputation of Corporate Actuarial as a centre of excellence within Direct Line Group.

• Lead and role model the performance management and development of the actuarial analysts; review work considering the outcome of the task; provide feedback and create opportunities for learning in daily activities; delegate work to analysts to develop their experience.

• Communicate effectively within the team and to external stakeholders to ensure thorough and accurate understanding of issues and resolutions.

• Ensure that own professional and industry knowledge is always up to date.

• Be aware of and direct the team in complying on an ongoing basis with the requirements of relevant professional/legal/regulatory/risk management frameworks e.g. Technical Actuarial Standards Solvency II IFRS 17 & UK GAAP requirements. Identify and manage the risks involved in running our business appropriate to this role following the company risk framework.

What youll need

• Capital modelling and management experience in general insurance with the ability to convey technical insights to both technical and nontechnical audiences

• Proven ability to communicate complex modelling results in a clear compelling manner influencing decisionmaking at senior levels

• Experience in stakeholder management and communication within a governed environment

• Exceptional verbal and written communication skills with the ability to adapt messaging for different audiences

• Excellent analytical and problemsolving skills paired with the ability to articulate insights and recommendations effectively

• Experience with mathematical and statistical modelling tools and models with the ability to explain key methodologies and assumptions to nonspecialists

• Strong relationshipbuilding skills with a track record of fostering collaboration across teams

• Experience of capital modelling and Solvency II

What well give you in return

We wouldnt be where we are today without our people and the wide variety of perspectives and life experiences they bring. Thats why we offer excellent benefits to suit your lifestyle and a flexible working model combining the best parts of home and officeworking varying with the nature of your role. Core benefits include:

Ways of Working

Our mixed model way of working offers a best of both worlds approach combining the best parts of home and officeworking offering flexibility for everyone. How much youll be in the office depends on your role and well consider the flexible working options that work best for you.

Read our flexible working approach here.

We recognise and embrace people that work in different ways so if you need any reasonable adjustments within this recruitment process please reach out to us and we can discuss how we can support you with this.

Theres noone else like you. Noone with the exact same mix of strengths quirks skills and thoughts. Thats why you could belong here. As part of a team of brilliant individuals in a place that empowers you to be the best you can be. Were proud of who we are of what we do and what every single one of us brings. Join us. Help us keep innovating and putting customers at the heart of everything. To be an insurance company of the future. When we work together we can all achieve great things. Inspiring challenging and supporting each other to aim higher.

Together were one of a kind.

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