Group Manager - Actuarials (Capital Modelling) GGN - WFO

Purpose:

• Lead actuarial capital modelling and risk analytics delivery within agreed timelines and quality standards
• Provide technical leadership for Internal Model, Solvency II, Economic Capital and Capital Management activities.
• Drive model development, validation, governance, automation and continuous improvement initiatives.

Work Experience:

• Minimum 10 years of experience in Life Insurance Actuarial domain.
• Minimum 4+ years in a people management role.
• Significant experience in Solvency II Internal Model, Standard Formula, Economic Capital or Risk Modelling.
• Experience working directly with UK Life Insurance clients and stakeholders.

Process Responsibilities - Capital Modelling:

• Extensive experience in Solvency II Internal Model and/or Standard Formula capital calculations.
• Strong understanding of Market Risk, Credit Risk, Insurance Risk, Operational Risk and Liquidity Risk.
• Lead SCR calculations, validation and reporting.
• Perform Economic Capital assessments and capital forecasting.
• Support ORSA, capital management and risk appetite monitoring.
• Analyse impacts of management actions, asset strategy changes and new business growth on capital position.

Process Responsibilities - Modelling & Analytics:

• Strong experience with Prophet Professional, Prophet Enterprise and Prophet ALS.
• Experience in stochastic modelling and economic scenario generation.
• Internal Model development, calibration and parameterisation.
• Stress testing, sensitivity analysis and reverse stress testing.
• Capital attribution, movement analysis and model performance monitoring.
• Validation, back-testing and assumption review activities.

Process Responsibilities - Governance & Controls:

• Strong understanding of Solvency II governance requirements.
• Support Internal Model governance committees and regulatory submissions.
• Ensure compliance with model risk management frameworks and validation standards.
• Maintain robust documentation, audit trails and controls.
• Support regulatory reviews and audit activities.

Process Responsibilities - Automation & Innovation:

• Strong programming expertise in Python, R and SQL.
• Experience in automation of actuarial modelling processes.
• Develop analytical tools and management dashboards.
• Experience working with Snowflake, Azure or other cloud-based data platforms.
• Drive efficiency and process enhancement initiatives.

Project Leadership:

• Lead strategic capital modelling transformation initiatives.
• Manage project plans, stakeholder communications and delivery governance.
• Coordinate with Actuarial, Finance, Investment and Risk teams.
• Identify opportunities for process improvement and model optimization.
• Ability to think creatively and solve complex business problems.

Qualifications:

• Bachelor's or Master's degree in Actuarial Science, Mathematics, Statistics, Economics, Engineering or a related quantitative discipline.
• Progressing towards or qualified Fellow of IFoA, SOA, IAI or equivalent actuarial body.
• Fully Qualified Actuary preferred.

Technical Skills:

• Expert knowledge of Solvency II capital requirements and life insurance products.
• Strong Prophet modelling expertise, including ALS and stochastic modelling.
• Capital model validation and risk analytics experience.• Advanced Python, R and SQL programming skills.
• Strong analytical and problem-solving capability.
• Experience handling large actuarial datasets and model outputs.

Soft Skills

• Excellent communication skills (verbal and written).
• Strong stakeholder management and influencing skills.
• Ability to work under stringent timelines.
• Strong project management skills.
• Strategic thinking and effective decision-making.
• Ability to manage multiple priorities simultaneously.

Behavioural Competencies

• Strong attention to detail.
• Customer-centric mindset.
• Ownership and accountability.
• Commitment and reliability.
• Team player with a strong learning orientation.
• Versatile and adaptable.

Communication Skills

• Ability to engage effectively with client and stakeholder teams.
• Ability to communicate complex actuarial concepts to non-technical audiences.
• Ability to have challenging discussions while maintaining professionalism and customer focus.
• Strong listening and problem-solving skills.
• Ability to understand and respond appropriately to client requirements and concerns.