Capital Actuary

Flexible working: this role is offered on a hybrid basis, with a blend of home and office working.

We’re looking for an actuary to join our Capital Modelling team. Reporting into a Senior Capital Actuary, you’ll support the delivery of capital requirement calculations at Group and solo entity levels, using both the standard formula and internal model.

This is a great opportunity to work closely with Risk and wider business teams, providing risk and capital analysis that supports strategic decision making across areas such as business planning, reinsurance strategy and dividends.

Key Responsibilities

• Support the delivery of capital requirements at Group and solo entity levels for reporting purposes.
• Produce risk and capital analysis to support key business decisions across the organisation.
• Prepare reports and presentations for senior management and, where required, the regulator.
• Work closely with the Risk function to build awareness of the key financial risks faced by the business.
• Support the ongoing delivery of the IMAP project, including validation remediation, model development, model documentation and risk parameterisation.
• Assist with the build and continuous improvement of the internal model, including data review, input parameterisation, model design, testing and calibration.
• Perform stress and sensitivity testing to assess the appropriateness of model outputs.
• Support international businesses with capital queries, sharing UK best practice and developing awareness of different issues across the wider business.
• Contribute to the ongoing development of the Capital Modelling team, including supporting colleagues and sharing technical knowledge.

Essential Skills and Experience

• Nearly or newly qualified actuary, ideally with experience working within a General Insurance environment.
• Strong understanding of capital modelling concepts, including internal models and standard formula calculations.
• Highly numerate and analytical, with a strong academic record.
• Excellent written and verbal communication skills, with the ability to explain technical analysis clearly to senior stakeholders.
• Experienced user of General Insurance capital modelling software (e.g. Igloo, Remetrica)
• Strong Microsoft Excel skills.
• Ability to work collaboratively with Risk, Actuarial and wider business teams.
• Strong attention to detail, particularly when reviewing data, model outputs and documentation.

Desirable Skills and Experience

• Experience with VBA or other tools used to improve modelling processes and outputs.

Please note - we may close this vacancy early if we receive lots of applications or business priorities change.

Admiral: Where You Can

We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.

Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.

We’re proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.

Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.

Disability Confident Leader

As a Disability Confident Leader, for candidates with a disability or long-term health condition, that opt into the Disability Confident scheme, we’ll invite a fair and proportionate number of applicants that meet the essential requirements of the role to the first stage of our selection process.

If you need any adjustments or support with your application or during the recruitment process, just let us know. Please email Helen.hunt@admiralgroup.co.uk or contact us on 07796 039828. This number is dedicated to supporting candidates that require reasonable adjustments or support during the application process.

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