Job Description

Description

An opportunity to join a cutting-edge (re)insurer with no legacy systems, no historical data and an off-the-shelf calculation kernel.

As a Capital Modelling Manager at Convex, you work on more than just modelling, it's about partnering with key business stakeholders, translating complex risk calculations into actionable, value-adding insights. You will use your capital modelling and Actuarial skillset to help influence decisions and answer strategic questions across the business. For example, you might provide input into reinsurance purchase, capital management and asset-liability management.

Key Responsibilities

The development and embedding of the Tyche capital model, including but not limited to building and executing robust and repeatable processes to: + Source relevant data for the capital model;
+ Parameterise and calibrate the capital model;
+ Ensure the appropriateness of methodologies and approaches used within the capital model calculation engine;
+ Run, test and validate the capital model;
+ Produce outputs and reports that are useful within the day to day, executive decision making of the company and any relevant regulatory and rating agency requirements;
+ Maintain adequate and proportionate documentation of key processes, decisions and governance of the capital model.
Champion understanding and use of the capital model within the business and executives, including designing and implementing innovative and practical uses of the capital model within the business. Partner with the business to provide value-adding insights on decisions, using business knowledge to create more meaningfully accurate modelling. Lead multi-disciplinary projects across Convex with the aim of providing insights to business stakeholders. Lead and manage on areas of work within the capital modelling team to improve processes, clarity and embed use within the team. Review of other team members work to ensure good governance of the capital model. Provide support to junior team members in improving their capital modelling experience and understanding.

Skills Knowledge and Expertise

Robust grasp of capital modelling techniques, including Tyche / TCM within a London market (re)insurance environment. Desire to be at the leading edge of capital modelling, capital and risk management, shareholder value optimisation, and making use of the latest technological innovations. Able to digest and communicate complex technical issues clearly to a varied audience, both verbally and in writing. Proven experience in nurturing stakeholder relationships, constantly seeking to add value and build connection. Analytical in your approach with a passion for solving problems. You have good credentials in Probability/Statistics/Bayesian Statistics. Creative thinker, fitting in with Convex' rapidly developing business and greenfield opportunities. You thrive in a dynamic capital modelling team that values diverse experience levels and leverages external providers to enhance business-as-usual operations and streamline process-intensive tasks.

Benefits

Competitive Salary 30 days Annual Leave Birthday Leave 10% Employer Pension Contribution Private Health Insurance Medical Cover Group Income Protection Life Assurance Cover Enhanced Parental Leave Annual Health Check 3 days of Volunteer Leave each year 10 days of help with care (elder/ childcare) through Bright Horizons 1,300 to spend on learning & wellbeing Give as You Earn Cycle to Work Season Ticket Loan

About Convex Insurance

In 2019, Stephen Catlin and Paul Brand co-founded Convex with $1.7bn of initial committed capital to underwrite insurance and reinsurance for complex specialty risks. The company has since received an A.M. Best rating of A (Excellent) and regulatory approval to operate in London, Bermuda, Luxembourg and United States.


We have also welcomed leaders in their fields from across the insurance industry, bringing a diversity of thought and approach.



We live our values in every facet of our business:

Earn our reputation

Everything we do affects how others see us. Our success depends upon our reputation, for which all of us share responsibility.

Straightforward and fair

We tell it like it is, with fairness, dignity and respect. We strive to do the right thing always, however hard it seems.

Determined to improve

However good we are, we are not complacent. We know we can always be better and we never stop trying to improve.

Inspired by opportunity

We come to the market and to every client engagement without baggage. There is no limit to what we can achieve together.

Enjoy being different

We feel positive about change and we are not afraid to try new things in our quest for a better way for clients, stakeholders and colleagues to do business.