Capital Actuary

• London (Hybrid)
• Permanent
• Full Time
• £75,000 - £100,000

Are you an experienced actuarial professional with a passion for capital and risk management? Join the team at MPS, the world’s leading Medical Defence Organisation, and be part of a transformative journey that will shape the future of the capital function.

At MPS we have a vision to cultivate a culture of risk and capital awareness across the organisation. We believe that decision-making should be driven by capital considerations, maximising the value of the capital model outputs. By joining us, you will play a crucial role in informing business decisions, ensuring they are economically sound and in the best interest of our members.

Our mission is to enhance the capital function – and we need your expertise to help us achieve it! To drive this transformative change, we are seeking a Capital Actuary. When you join us, you will have a direct impact on capital modelling and the investment, pricing and reinsurance decision-making processes. Utilising your valued expertise, you will educate the wider business on the importance of capital in decision-making, accelerating our progress and enabling us to realise our mission.

This is a unique opportunity to make a difference without the constraints of working in a regulated environment, as MPS are not an insurance company, and all benefits of MPS membership are discretionary. So, if you are someone who connects with our values, embraces change and is hungry to get involved and make a difference, apply now to join our growing team!

In this role you will:

• Deliver the annual capital assessment for MPS discretionary business. This will include delivering reports and explaining results, performing model validation and continuing to develop and enhance the capital model.
• Provide capital estimates and insights to support decision-making by interacting across MPS. This will include working with underwriters, pricing and reserving, financial planning, risk management, claims and reinsurance.
• Provide support as required on capital modelling business and be a company expert on all matters related to capital modelling.
• Provide technical leadership in capital modelling, identifying learning opportunities and supporting up-skilling that enhances departmental resilience.
• Ensure appropriate controls are performed and documented to manage the risk within the capital modelling process.
• Lead on the capital modelling element of MPS projects.
• Support the continued evolution of embedding capital in decision making at MPS.

We are looking for:

We are looking for a qualified actuary with experience working in a general insurance environment. You will have a background in capital modelling, with expertise in building, running and validating models. You will also be adept at writing actuarial reports and presenting results to senior stakeholders. At MPS, we use Remetrica and the Moody's ESG, so experience using these software packages would be an added benefit.

As an analytical thinker, with exceptional problem-solving skills, we know you will thrive in this Capital Actuary role. We’re looking for an effective communicator and a keen collaborator, as you will work with various stakeholders across MPS.

Your ability to embrace change and your drive to continuously develop and progress will be highly valued in our dynamic work environment. If you have a passion for sharing knowledge, coaching and inspiring junior colleagues to achieve their full potential, you could be the perfect fit for this role.