Capital Actuarial Analyst

Capital Actuarial Analyst

Location:
Gibraltar, Guernsey, Haywards Heath or Manchester
Salary:
Up to £60,000 depending on experience
Department:
Finance
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We’re First Central Insurance & Technology Group (First Central for short), an award-winning innovative insurance and technology organisation, delivering market-leading motor insurance, underwriting, distribution, finance, technology and legal services.
 

We currently have an exciting opportunity for a Capital Actuarial Analyst to join our Finance team in Salford Quays, Manchester, Haywards Heath, West Sussex, Guernsey or our offices in Gibraltar.

Combining analytical and modelling capability, with stakeholder management and effective business partnering ability, you'll support the Underwriting Finance Capital Team through regular management and regulatory reporting as well as the capital implications of reinsurance, investment and other business initiatives. 

You'll have a broad skill set, with modelling skills an essential requirement, outstanding stakeholder management, commercial acumen and problem solving skills and the ability to communicate results and the drivers behind them.

To be successful in this role, you’ll need to:

  • be preferably Degree educated (Finance, Mathematics or computing an advantage) and/or Qualified or part qualified Accountant (ACA, CIMA, ACCA) or Actuary or qualified by experience

  • have Insurance industry experience, motor insurance experience an advantage

  • and have Capital modelling experience in a Solvency II environment, including model development

Capital Modelling

  • Maintain and run the Standard formula model on a monthly basis, including updating all relevant parameters

  • Maintain and run the Economic capital model on a monthly basis, including updating all relevant parameters

  • Develop models to reflect the business risk profile and incorporate market standard approaches

  • Ensure models are fully documented to remove key person dependency

  • Produce monthly high level forecasts of solvency and economic capital coverage

  • Produce forecast capital projections to support quarterly reforecast process and strategic planning cycle

  • Undertake model runs to support business decision making – for example reinsurance strategy, investment policy, new product development etc

Solvency II Reporting

  • Support in the preparation of the monthly Solvency II Pillar 1 modelling and supporting files.

  • Produce detailed bridging analysis and associated commentary on monthly movements and variance to forecast

  • Support the Solvency II Accountant in production of quarterly regulatory AQRT submissions and ad-hoc queries as required.

Stakeholder Management and business partnering

  • Create effective working relationships with key stakeholders across the finance and underwriting teams

  • Liaise with the Underwriting senior leadership team to deliver accurate financial information to aid decision making to maximise shareholder value and return

  • Add value through support and challenge of the business in commercial decision making, providing financial analysis support as necessary

Strategic and Commercial Acumen

  • Develop an understanding and knowledge of key business performance (KPI’s) drivers and be able to draw conclusions from the suite of KPI’s available

  • Support the production of Management Information (MI) to communicate the major changes in KPIs to relevant stakeholders

Planning and Forecasting

  • Assist with the creation of the capital elements of annual Budget and quarterly reforecast, gathering relevant data and helping to determine assumption development across the plan period

  • Produce information for inclusion in the ORSA, including stress and scenario testing

  • Produce analysis to support dividend payment recommendations to the board and Exco

Job Specific Competencies: 

Experience

  • Preferably Degree educated (Finance, Mathematics or computing an advantage)

  • Qualified or part qualified Accountant (ACA, CIMA, ACCA) or Actuary or qualified by experience

  • Insurance industry experience, motor insurance experience an advantage

  • Capital modelling experience in a Solvency II environment, including model development

Competencies

  • Strong Stakeholder management skills and ability to communicate and appropriately challenge managers and peers

  • Good communication and presentation skills including verbal, and written

  • Excellent numeracy skills

  • Excellent Excel skills

  • Commercially aware and focused

  • Driven and pro-active, self-starter, and enthusiastic

  • Ability to work with ambiguity or to make broad assumptions to make a recommendation

  • Team player and ability to forge relationships at all levels within the organisation

  • Deadline driven

  • Strong analytical skills with an eye on details

What can we do for you?
We believe we can offer you a great working environment as we’re so passionate about our people. Here are just some of the benefits and perks that we offer…

  • Fantastic training and development opportunities
  • Employee benefit packages to suit your lifestyle
  • Flexible working
  • YOUday – we give you an extra day off to celebrate a special day
  • The opportunity to take a paid day off each year to do charity work
  • A health cash plan
  • Help with travel expenses
  • The opportunity to buy additional holiday
  • Company pension scheme
  • Group life assurance
  • Enhanced maternity and paternity pay
  • Professional subscription fees paid

Employee wellbeing is high on the agenda here too. We provide a weekly free fruit delivery, discounted membership at a local health club and access to an Employee Assistance Programme, which promotes physical and emotional wellbeing at work and at home. In addition, we provide wellbeing events throughout the year to support physical and mental health.

For further information on what we can offer and to learn more about this role, feel free to contact our dedicated Recruitment team.

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86% of people would recommend a friend to work at First Central

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Benefits

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Flexible working

We support colleagues who wish to work flexibly whilst meeting the needs of the business.

YOUday

We give you an extra day off to celebrate a special day.

Holiday Extra

Not only do you get a generous holiday entitlement, you can also buy additional leave.

Volunteering

Get a day off each year to take part in volunteering activities.

Health cash plan

Claim money back on your healthcare costs, such as dental check-ups and eye tests.

Season ticket loan

We provide interest-free loans to cover the cost of season tickets for rail, bus or car parking.