The Role

The Capital team at Canopius calculate, report and embed into the business the group and individual entity solvency capital requirements, in line with local regulatory regimes, reflecting the various risk profiles of the business. This role supports the maintenance and development of Canopius’ capital modelling capabilities and the delivery of key model outputs, including solvency capital requirement submissions, whilst contributing to wider strategic initiatives related to risk appetite, capital optimisation and reinsurance.

Responsibilities will include:

Calculating and monitoring regulatory capital for Canopius’ Lloyd’s syndicate and support regulatory submissions to Lloyd’s. This would include presenting to various internal committees and interacting with regulators to ensure timely and accurate delivery of regulatory requirements.
Supporting the maintenance, development and running of models and analytics suites for changes in the group’s risk profile and model uses.
Support and lead where required a range of both short term projects and medium term model development projects
Assisting in the SCR parameterisation process and update for all risk types. This would include liaising with the Underwriting and Claims teams, to derive dependency parameters and loss parameters for a selection of losses and modelled classes of business.
Collaborating with other teams in the Actuarial Function where required, to help gain a breadth of knowledge and skills.
Supporting the development of more junior members of the capital team

Skills and experience:

Strong grasp of the techniques of capital modelling
Good knowledge of ReMetrica or practical experience with another modelling platform
Good understanding of general insurance with willingness to learn and develop expertise
Good wider IT skills, experience of SQL and R an advantage, in addition to strong MS Office suite skills
Recently qualified or making good progress through the actuarial exams.
Strong problem solving skills, including the ability to apply existing knowledge to a new problem in order to suggest solutions
Highly motivated and enthusiastic, with a proactive approach towards work
Strong attention to detail and focused on the delivery of high-quality work within agreed deadlines
Excellent communication skills
Working in an organised manner, producing clear documentation and audit trails

Our benefits

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.

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