Bupa group on cord

Bupa group

Capital Modelling Actuarial Analyst

External position
London, UK
Hiring internally for Bupa group?
Insurance · HealthTech
Our purpose is helping people live longer, healthier, happier lives and making a better world.
Posted
5 days ago
Checked
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11 hours ago

Skills & Experience

Job roles: Finance/Accounting
Experience level: Mid, Senior
Core skills considered: Accounting software, FinancialForce, Financial reporting, Python
Other skills considered: Excel, Regulated business exp, Data Protection, Data Security

Logistics

Base salary: £45K - £55K
Employment type: Permanent
Remote working: Hybrid (up to 2 remote days p/w)
Visa sponsorship: Not available

Job Description

As an experienced actuarial analyst, you will gain experience of the wider aspects of health insurance and capital modelling.

You'll draw on your analytical skills to support the Head of Economic Capital to deliver the governance and development of the ReMetrica-based Economic Capital Model (ECM), ensuring that it remains robust, compliant and fit for purpose in a dynamic regulatory environment.


Responsibilities

How you'll help us make health happen

As a Capital Modelling Actuarial Analyst, you will support the actuarial work to meet the following objectives:

  • Improvement of delivery of Economic Capital Assessment (ECA), with particular emphasis on the calculation and analysis of economic capital, risk calibrations, stress and scenario testing and the assessment of capital risk appetite.
  • Deliver the Economic Capital Assessment for reports to the Executive, Board and the PRA (e.g., ORSA Report, Stress and Scenario Testing). This will entail working alongside BINS' Actuarial, Finance and Risk teams.
  • Support the implementation of initiatives to improve our economic capital modelling capabilities (e.g., process efficiency, data quality control) and to ensure regulatory compliance.
  • Support the implementation of initiatives to accelerate revenue growth and optimise our risk profile (e.g., PIM development, internal and external reinsurance optimisation, M&A activities).
  • Be familiar with capital adequacy regulations to ensure we comply with all relevant regulatory requirements; drive continuous improvement in capital models, data transformation, methods and assumptions, process and controls.
  • Produce an environment of continuous improvement to ensure that all actuarial work is conducted to the highest possible standard in the most efficient manner.
  • Perform analysis and associated investigations to deliver the annual ECA for BINS, to support business decisions and validate Standard Formula appropriateness.
  • Assist the modelling and risk calibrations update process, methodology changes, analysis of change, sensitivity testing and validation of results which meets the data quality and model risk standards.
  • Ensure the team's tools (e.g., risk calibration models, analysis of change models, sensitivity testing results comparisons) are properly controlled and documented and reliably produce required outputs. Perform user acceptable tests for change requests.
  • Maintain model documentations (model inventory, process & controls, data directory, expert judgement log) and prepare reports of the modelled results in line with Bupa Enterprise Risk Policies and Standards.
  • Assist the development and embedding of the ECM within BINS, enabling it to be used as a tool to support business decisions including risk appetite review, investment strategy, capital allocation, capital optimisation and business scenario analyses.
  • Assist the capital requirements reporting content for reports to the Executive, Board and the PRA (e.g., ORSA, Stress and Scenario Testing exercise).
  • Work with the team to prioritise timely production of all economic capital reporting deliverables.
  • Perform research into best-practice modelling techniques and conduct benchmarking of modelling approaches to inform, refine and enhance our ECM methodology.
  • Support the team to ensure that all capital modelling work is undertaken in compliance with the relevant enterprise Policies and Standards, including but not limited to those relating to SII data Quality, Model Risk, Insurance Risk, Regulatory Reporting & Disclosure, Expert Judgement and Materiality.

Key Skills / Qualifications needed for this role:

You will be an ambitious, experienced actuarial analyst making good progress through the actuarial exams with strong technical actuarial skills.

Additional experiences and skills we are looking for:

  • Part-qualified Actuary with experience in general insurance, life & health insurance, or consultancy
  • Significant modelling and regulatory reporting experience, and strong understanding of Solvency II regulations with focus on capital modelling requirements.
  • Excellent knowledge of Excel, Word and PowerPoint; proficiency in coding using Python and/or R is desirable but not essential.
  • Aon ReMetrica modelling knowledge is an advantage but not essential.
  • Excellent written and oral communication skills, including experience in the preparation of presentations and papers for Executives and Boards.
  • Good understanding of financial controls, validation and importance of data integrity.
  • Strong focus on detail and accuracy.
  • Proactive mindset and ability to work independently.
  • Strong ability to manage and prioritise day-to-day activities as delegated.
  • Ability to adapt to changing and ambiguous situations whilst delivering high quality results.

Company Benefits

  • 25 days holiday, increasing through length of service, with option to buy or sell
  • Bupa health insurance as a benefit in kind
  • An enhanced pension plan and life insurance
  • Annual performance-based bonus
  • Onsite gyms or local discounts where no onsite gym available
  • Various other benefits and online discounts
Capital Modelling Actuarial Analyst at Bupa group
Position posted 5 days ago

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Starling Bank on cord

Starling Bank

Full Stack Engineer (ML Ops)

London, UK
FinTech · Banking · Finance
A better bank for everyone
Active
over 6 months ago
Responds to
0% of requests
Responds in
1h 55m
Requests
7 pending

Skills & Experience

Job roles: Full Stack
Experience level: Mid, Senior
Core skills considered: Java, React, Redux, AWS, JavaScript

Logistics

Base salary: £70K - £110K
Employment type: Permanent
Remote working: Hybrid (up to 2 remote days p/w)
Visa sponsorship: Not available

Job Description

Starling is the UK’s first and leading digital bank on a mission to fix banking! Our vision is fast technology, fair service, and honest values. All at the tap of a phone, all the time.

Starling is the UK’s first and leading digital bank on a mission to fix banking! We built a new kind of bank because we knew technology had the power to help people save, spend and manage their money in a new and transformative way.

We’re a fully licensed UK bank with the culture and spirit of a fast-moving, disruptive tech company. We’re a bank, but better: fairer, easier to use and designed to demystify money for everyone. We employ more than 3,000 people across our London, Southampton, Cardiff and Manchester offices.

Our technologists are at the very heart of Starling and enjoy working in a fast-paced environment that is all about building things, creating new stuff, and disruptive technology that keeps us on the cutting edge of fintech. We operate a flat structure to empower you to make decisions regardless of what your primary responsibilities may be, innovation and collaboration will be at the core of everything you do. Help is never far away in our open culture, you will find support in your team and from across the business, we are in this together!

The way to thrive and shine within Starling is to be a self-driven individual and be able to take full ownership of everything around you: From building things, designing, discovering, to sharing knowledge with your colleagues and making sure all processes are efficient and productive to deliver the best possible results for our customers. Our purpose is underpinned by five Starling values: Listen, Keep It Simple, Do The Right Thing, Own It, and Aim For Greatness.

Hybrid Working

We have a Hybrid approach to working here at Starling - our preference is that you're located within a commutable distance of one of our offices so that we're able to interact and collaborate in person. We don't like to mandate how much you visit the office and work from home, that's to be agreed upon between you and your manager.

Our Data Environment

Our Data teams are excited about the value of data within the business, powers our product decisions to improve things for our customers and enhance effective and agile decision making, regardless of what their primary tech stack may be. Hear from the team in our latest blogs or our case studies with Women in Tech.

We are looking for talented data professionals at all levels to join the team. We value people being engaged and caring about customers, caring about the code they write and the contribution they make to Starling. People with a broad ability to apply themselves to a multitude of problems and challenges, who can work across teams do great things here at Starling, to continue changing banking for good.

Requirements

We have built our entire banking platform in house and mostly in Java. We are looking for people who want to work on building the tooling that is used by our engineers on a daily basis.

We are looking for people who are truly full stack, and are as comfortable polishing their javascript front end as they are debugging the innards of their java applications database interactions, or standing up infrastructure with terraform. We are looking for people who can:

  • Design REST apis.
  • Code backend services, ideally using Java, or another other server side compiled language.
  • Develop modern front ends, ideally using React and Redux.
  • Get their code into the cloud and support it there, ideally on AWS.
  • Believe in clean coding, simple solutions, automated testing and continuous deployment.
  • Like to take ownership of a feature from the original idea through to live.
  • Think (like us) that a small number of empowered developers is the right way to deliver software.

Company Benefits

  • 33 days holiday (including flexible bank holidays)
  • An extra day’s holiday for your birthday
  • 16 hours paid volunteering time a year
  • Part-time and/or flexible hours available for most roles
  • Salary sacrifice, company enhanced pension scheme
  • Life insurance at 4x your salary
  • Hybrid/remote working
  • Private Medical Insurance with VitalityHealth including mental health support and cancer care. Partner benefits include discounts with Waitrose, Mr&Mrs Smith and Peloton
  • Generous family-friendly policies
  • Varied social groups set up and run by our employees
  • Perkbox membership giving access to retail discounts, a wellness platform for physical and mental health, and weekly free and boosted perks
  • Access to initiatives like Cycle to Work, Salary Sacrificed Gym partnerships and Electric Vehicle (EV) leasing

Full details are available on our careers site

Interview Process

Interviewing is a two way process and we want you to have the time and opportunity to get to know us, as much as we are getting to know you! Our interviews are conversational and we want to get the best from you, so come with questions and be curious. In general you can expect the below, following a chat with one of our Talent Team:

  • Stage 1 - 30 mins with one of the team
  • Stage 2 - Take home challenge
  • Stage 3 - 90 mins technical interview with two team members
  • Stage 3 - 45 min final with an executive and a member of the people team
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