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
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:
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
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
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.