Job Description
The Role
Supports the maintenance and development of Canopius’ capital modelling capabilities and the delivery of key model outputs, including SCR (Solvency Capital Requirement) submissions, whilst contributing to wider strategic initiatives related to risk appetite, capital optimisation and reinsurance.
Responsibilities
- Updates parameters and capital models for changes in the risk profile.
- Performs movement analysis to explain changes in model results.
- Runs capital models for regulatory and business use purposes, including risk appetite reporting and reinsurance analysis.
- Supports the Risk team in model validation.
- Prepares model documentation in line with regulatory requirements.
- Collects data for annual reports and management information packs, including standard formula returns.
- Performs data reconciliation between various systems and reports to ensure the reliability and completeness of the data used.
- Assists in relevant actuarial input to business planning activities during the annual planning.
- Tests various risk mitigation options
Skills And Experience
- Actuarial/statistical background
- Desire to quickly develop expertise
- MS skills, understanding of the use of database and programming languages
- Strong problem solving skills
- Excellent communication skills - both verbal and written
- An individual who will identify and challenge under-performance in the organisation and strive for constant improvement
- Strong attention to detail and focused on the delivery of high quality work within agreed deadlines – including thorough self-review and error checking
- Highly motivated, enthusiastic and structured working style
- Proactive and able to use own initiative – adaptable / open minded
- Ability to think and act creatively around related issues
Our Benefits
ABOUT US
We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.
About Canopius
Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.
At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.
Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.
We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.
We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.
