Head of Syndicate Capital

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Reporting to the Group Head of Modelling, the Head of Syndicate Capital is responsible for delivering Capital modelling, with a focus on the Enstar Lloyd’s Syndicate 2008.

What you will be doing:

• The Modelling function is fundamental for Enstar. Its deliverables influence M&A appetite, investment composition, regulatory and economic capital requirements. Working with the Group Head of Modelling your primary role will be to lead the Lloyd’s capital submissions and co‑ordinate the use and development of the Igloo Capital Model to create high quality output that is communicated effectively to Lloyd's, the Syndicate board, and senior management.
• You will work collaboratively with multi‑disciplinary teams to deliver transactions and business transformations, and will be expected to lead your own projects supporting Enstar’s wider modelling. Examples include enhancing our reserve risk modelling, embedding use of economic scenario generators, developing the group capital model, and enhancing pricing and planning models.
• You will also help with hiring, managing and developing junior members of the team.
• Enstar is a ‘hands‑on’ organisation and the role will be approximately split evenly between individual technical work and leading others. This role will appeal to an individual with large amounts of initiative, comfortable working in a fast‑changing environment with a passion for making capital models commercially valuable.

Key Accountabilities

• Assume the Key Function Holder for Capital for the syndicate and the key point of contact for Lloyd’s.
• Lead the delivery of Lloyd’s capital submissions. These are the standard annual submissions as well as those resulting from M&A transactions. Submissions must demonstrate rigorous project management, parameterisation, review, communication, documentation and approvals.
• Lead all other relevant regulatory submissions to Lloyd’s (including PRA IMO/RDS/Standard Formula)
• Lead the parameterisation of reserve risk for the syndicate and group
• Ensure relevant Lloyd's capital modelling principles and expected maturity standards are maintained.
• Collaborate with the Risk Function to validate, inform risk appetite, ORSA and stress & scenario testing.
• Investigate, explain, and report on model results to internal committees and boards, including group.
• Supporting the calculations of non-Lloyd’s entities on Standard Formula/ BSCR as required.
• To meet the above:
• Develop and maintain Enstar's Igloo Capital Model for Lloyd’s and associated SQL database
• Parameterise inputs, with a focus on reserve risk, and review/validate output for appropriateness.
• Design and develop management information.
• Deliver wider modelling solutions
• Assist with the Enstar group capital model (also built in the Igloo Capital Model)
• Integrate capital modelling with planning and pricing models
• Work with the investments and risk teams to embed modelling into strategic asset allocation
• Ad hoc model uses as requested by the business and seek opportunities for new model uses.
• At Enstar we are always looking to make things better, to free ourselves up to grow and take on new challenges:
• People: delegate and coach. We are seeking a candidate who embraces delegation and coaching: allowing team members to achieve their full potential and to take risks, whilst providing appropriate support.
• Processes: automate and simplify. We are looking for an individual who can lead optimization of repeat processes for all our deliverables. We prefer simpler solutions and models to more complex ones.

What you will bring:

• 7+ years of capital modelling experience, which can be from a consultancy or other arrangements.
• Experience of reserving and reserve risk parameterisation, preferably of soft‑market casualty classes and the ability to create a compelling narrative for the analysis
• Proven experience with Lloyd's capital submissions.
• Attainment of the FIA/FCAS designation or equivalent
• Sound understanding of regulatory capital requirements, primarily Lloyd’s capital requirements and Solvency II.
• Strong computer skills with an emphasis on Igloo, ResQ, Microsoft Excel, Python and SQL.
• College/university degree or equivalent
• Comprehensive understanding of insurance and finance terminology
• Knowledge of other global capital regimes including Bermudan BSCR and other global regime’s where Enstar does business is helpful.
• Strong analytical skills with an eye for detail
• Excellent written and verbal communication skills
• Ability to meet strict deadlines
• Ability to lead a team of two actuarial students and to establish constructive working relationships with key stakeholders and colleagues across the group.
• Proactive, inquisitive, conscientious, builds relationships and acts with integrity
• Flexibility to adapt to changing work priorities and assignments
• Pension (Enrolment is automatic on joining with a 10% employer contribution)
• Dental Insurance (This is an optional taxable benefit available to employee, spouse, and dependents)
• Medical Insurance (This is an optional taxable benefit available to employee, spouse, and dependents through a private health network)
• Travel Insurance (As an employee you are automatically enrolled with business and leisure travel insurance with single, couple, family, or single parent family coverage options.)
• Eligible company funded annual 360 Health Assessment.
• Voucher for free annual eye examination.
• Option to loan a bicycle and safety equipment tax free.
• Wellness Reimbursement program (up to 700 pounds annual reimbursement for wellness related expenses, i.e, gym memberships, massage, etc.).
• Tusker – Electric Vehicle (A fixed monthly amount is taken directly from your gross salary and, in return, you get the use of a brand new electric car.).
• Optional Critical Illness coverage

Who we are:

Enstar is a trusted, leading global (re)insurance group that delivers innovative solutions that help our clients reduce risk, release capital and achieve finality. We operate through our network of group companies positioned across the world’s major insurance hubs, spanning Bermuda, the US, London, Continental Europe and Australia.

We are dedicated to helping some of the world’s largest organisations manage risk, providing new opportunities and supporting freedom to grow. With deep expertise, a highly experienced team and a strong track record in the retrospective (re)insurance market, we are proud of our 30+ year history of building enduring partnerships and bringing fresh thinking to complex challenges.

Our solutions are supported by Enstar’s robust balance sheet, as evidenced by our $20.3 billion in assets, financial strength ratings and partnership with Sixth Street, a leading global investment firm.

Why choose us?

Learning and development opportunities are a fundamental part to our employee's career journey with Enstar. Their development and career progression remain key enablers of employee engagement, which can directly impact productivity, performance and retention.

At Enstar, we provide a number of initiatives and resources to support our employee’s development through their career at Enstar.

• Professional Qualification/Study Support: We support our employees who wish to take professional qualifications aligned to their role and career development. In addition, we also offer study support.
• Training, Conferences & Seminars: As we are a global company we work with many Professional Bodies which offer training, conferences, seminars and often free CPD events.
• Digital Learning Hub: Our digital learning hub Percipio has self‑serve resources (e.g. courses, videos, ebooks, audio books) covering a range of topics to upskill your knowledge

We also invest in physical, mental and financial wellbeing initiatives for every employee. Supportive teams, inspiring work and a great environment contribute to our happiness. We take efforts to have a positive influence in our communities and to continuously reduce our impact on the environment.

Equal Opportunities at Enstar:

Our annual Inclusivity Index puts Enstar ahead of the industry in terms of diversity and inclusivity. At Enstar, we value all types of diversity. We’re an equal opportunity employer and believe that our diversity creates an authentic working culture. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation. Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Finance

Industries

Insurance and Insurance Carriers