Capital Manager in London - Hiscox AG

Job Overview

London, England
Job Type
Full Time
Date Posted
8 days ago

Additional Details

Job ID
Job Views

Job Description

Position Description:Capital Manager Leading a team of 4 London based with Hybrid working  The roleThe capital manager is responsible for partnering with the relevant parts of the business to address capital management questions and running the Hiscox Integrated Capital Model (HICM) to produce relevant output.The HICM produces regulatory and economic capital numbers for risk carriers, business units and for the group as a whole in addition to providing information to support numerous business decisions. The capital manager will also need to understand the other drivers of capital requirements for the relevant parts of the business and be able to monitor and explain these on an ongoing basis.The successful candidate will have management responsibility for producing risk profiles for our UK, US and Europe based risk carriers and be responsible for producing the capital components of the HIC and HSA regulatory submissions.Key responsibilitiesLine management responsibility for immediate team of four.Delivery of the standard formula regulatory capital to different regulators in accordance with Hiscox policies and Solvency II requirements.Production of risk profile information to enable the business and governance committees to monitor and manage against risk appetite and to feed into the production of the ORSA.Liaison with the business to ensure suitable production of information to inform business decisions such as reinsurance purchase, asset strategy and capital allocation as well as supporting capital sections of risk carrier operating plans.Ensuring internal and regulatory reporting requirements are met for the retail entities.Providing support/additional resource on other non-retail entities deliverables where appropriate.Input into the regular parameterisation process and validation exercise for the HICM across various risk categories andModelling inwards and outwards reinsurance scenario testing and other “what if” type analysis to maintain capital efficiency.Promotion of model use by ensuring model outputs are timely and communicated effectively.Ensuring business users of modelling information receive suitable training and understand risk drivers, diversification effects and any limitations of the model.Position Requirements:Skills requiredQualified ActuaryLine management experience.Experience in the non-life insurance industry essential.Good understanding of the fundamental concepts of general insurance.Very strong analytical ability combined with a pragmatic and logical approach to problem-solving.Experience in interpreting results of capital models essential.Strong communication skills across range of stakeholders.Good knowledge of Solvency II standard formula requirements.Reporting relationshipsGroup Head of Capital Management.Key internal relationships include UK, Europe and US CFOs, finance and FP&A teams, reserving and pricing teams, functional experts, reinsurance purchase team, the Group CRO and risk actuaries.Key external relationships include auditors, peers at other comparable organisations, regulators (PRA, CAA), reinsurance brokers.Diversity and Working PatternsAt Hiscox we care about our people. We hire the best people for the job and we’re committed to diversity and creating a truly inclusive culture, which we believe drives success.  We have also learned over the past 2 years that working life doesn’t always have to be in the office, and now it is safe to do so we have introduced hybrid working to encourage a healthy work life balance. This hybrid working model is set by the team rather than the business to enable you to manage your own personal work-life balance. We see it as the best of both worlds; structure and sociability on one hand, and independence and flexibility on the other.#LI-AS1 #LI-HybridJob DetailsFunctional Area: Capital ManagementPosition Type: Permanent - Full timeExperience Required: Not IndicatedEducation Required: Degree or equivalent


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