Actuary (Capital)

Actuary London, United Kingdom

  • Job Category:


  • Location:

    London, United Kingdom

  • Job Type:


  • Group:

    International Group

  • Number of Openings:



Position at Tokio Marine HCC

Job Purpose:


Responsible for assisting the Head of International Capital Modelling in all aspects of capital modelling for the European entities with a particular focus on the UK and Luxembourg companies.


Key areas of responsibility will involve regular updates to the capital model, reporting of capital results to the business and enhancements and development to the model. The individual will also assist in embedding key model uses across the business and submitting capital returns. The individual will play a key part in meeting the increasing demands from the business, contributing to the continuous enhancement of the capital model and to the overall development of this high-profile business function.


The capital modelling team will consist of 6 members including at least two qualified actuaries. This role will report into the head of capital modelling. This position will be working in tandem with an analyst with 3 years of experience. 


Key Responsibilities:


Capital reporting. Maintaining and developing the capital model(s) for the UK and Luxembourg companies. Ensure key stakeholders are kept abreast of changes in the SCR through regular committees and through open communication channels at other times.


Management information. Develop and maintain data visualisations which assist model users and management to interpret model inputs & outputs and their wider impact. Present at relevant committees to keep management fully abreast of capital modelling issues while also enhancing the reputation of the team and getting buy-in.


Standard Formula: Oversee calculation of the CAT Risk module with process improvements planned, communicated, and executed to an appropriate standard.


Inputs. Update model inputs in a timely and transparent manner. Attention to detail is required to adhere to a “first time right principle” which is key to meeting sometimes challenging deadlines.


Parameters. Co-ordinate and execute calculation/update of key model variables and parameters including large loss parameters, reinsurance and the catastrophe model inputs.


Model development. Take responsibility for the initiation and delivery of new modelling techniques and processes. The capital model is continuously evolving with all team members encouraged and empowered to problem solve and drive enhancement to the model.


Model use. Contribute to embedding key model uses across the business including: Strategic Risk Metrics, RI analysis, evaluating new LoBs, asset allocation, etc.


Compliance and documentation. Assist with ensuring the model is compliant with model governance including Model Change Policy. Ensure model documentation is current and that latest regulation is promptly incorporated.


Attendance and participation in training and events to increase the intellectual capital of the actuarial department.

Skills and Experience Specification:


Education & experience

  • Nearly / newly qualified non-life actuary
  • A minimum of three years of actuarial work experience or related, with capital modelling experience advantageous.
  • Experience of mentoring and/or management would be a positive but is not required.


  • Superior organizational and analytical skills; demonstrated ability to manage multiple tasks simultaneously
  • Excellent written and verbal communications skills. The business has a superior understanding of the capital model so the candidate will need to be able to talk confidently and concisely about it and its place in the wider picture.
  • High personal standards with a desire to achieve excellence. The successful candidate will be expected to add value by improving items on which they work rather than simply repeating tasks as performed previously.
  • Knowledgeable of industry changes, legal updates and technical developments related to applicable area of the Company’s business to proactively respond to changing business environment
  • Programming aptitude / experience, particularly Python and R
  • Committed to the role with willingness to take accountability.


“Tokio Marine HCC is a leading specialty insurance group with offices in the United States, the United Kingdom, Europe, and other locations. With the strength and stability that comes from being a member of the Tokio Marine group, and more than forty years of growth, profitability, and stability, we offer important insurance products that most people do not even know exist.


The Tokio Marine HCC Group of companies is an equal opportunity employer.  Please visit for more information about our companies. #LI-TS1