Economic Capital Actuary

The role:

Reporting to the Capital Modelling Actuary, the Economic Capital Actuary supports the development, enhancement and application of Conduit Re’s Internal Capital Model (“ICM”), contributing to capital modelling, business planning and risk management activities across the organisation.

Working closely with underwriters, other actuaries, exposure management and finance the role supports regulatory and rating agency capital calculations, scenario analysis and reporting, while helping to strengthen modelling capabilities and decision-making across the business.

Duties and responsibilities:

• Support the development and enhancement of the ICM, using the Tyche platform, in support of the annual business planning process.
• Support the calculation of rating agency and regulatory views of capital.
• Supporting the business planning cycle includes “what if” analysis and stress and scenario testing.
• Maintain rolling projections of required capital across multiple capital bases and planning horizons; typically, over a rolling three-year time horizon.
• Support outwards reinsurance decision making and analysis.
• Work with the business to identify and appropriately model the key risks within the reinsurance business, including underwriting, catastrophe, reserving, operational, credit and market risk.
• Support the review, challenge and validation of the ICM, including assumptions, methodology and data flows.
• Prepare capital dashboards and report outputs summarising the ICM, rating agency and regulatory views of capital, understanding the key differences between them.
• Work with the Capital Modelling Actuary to build a suite of reports and dashboards to provide MI to the business and inform key decision making.
• Prepare reporting materials for Executive Management, the Board and the various Board Committees.
• Work with the underwriting, pricing and reserving teams to understand and enhance the data available and streamline the flow of data into the ICM.
• Contribute to the ongoing enhancement of the ICM and broader modelling capabilities, helping ensure modelling output remains relevant, effective and supportive of business decision-making.
• Support the development of junior actuaries and analysts.

Qualifications and experience:

• Bachelor’s, or postgraduate degree in Actuarial Science, Mathematics, Economics, Statistics or other relevant numerate discipline preferred
• Recently qualified actuary, or significant progress towards a recognised actuarial qualification (e.g. FIA, FCAS, FIAA, FCIA).
• Minimum of five years’ experience of working as an actuary in the P&C industry, with at least two focused on capital modelling.
• Understanding of capital modelling concepts including underwriting, reserving, catastrophe, operational, credit and market risk considerations
• Ability to work with underwriters, to parameterize underwriting and reserving risk modules, understanding the correlations between different business lines and sub-classes.
• Awareness of market dynamics associated with inward and outward reinsurance and the variety of product characteristics.
• Experience with capital modelling software, Tyche preferred.
• Experience working with databases and data management tools including SQL or similar technologies
• Experience using analytical and programming tools, such as R, R Shiny and/or Python
• Experience producing effective reports, dashboards and management information (MI) outputs for technical and non-technical stakeholders
• Understanding of model validation practices and governance frameworks.
• Experience with rating agencies and/or regulatory models and communications, would be an advantage.
• Understanding of model validation practices and governance frameworks.
• Knowledge of third-party catastrophe models, for both natural and man-made perils, and using them in capital models would be advantageous.
• Strong analytical and problem-solving capability with good verbal and written communication skills
• Organised, adaptable and comfortable working across multiple business functions and priorities
• Proactive team player with a willingness to contribute ideas and support continuous improvement initiatives.

Apply by 8 June 2026

Conduit Services Limited is an Equal Opportunity Employer. We offer an attractive and competitive compensation package. All applications are handled with strict confidentiality, and personal data is used in accordance with our Privacy notice which is available on our website.

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