Job Description

The Role

The Capital team at Canopius calculates, reports, and embeds into the business the group and individual entity solvency capital requirements, in line with local regulatory regimes, reflecting the various risk profiles of the business.

This role supports the maintenance and development of Canopius’ capital modelling capabilities and the delivery of key model outputs, including solvency capital requirement submissions, while contributing to wider strategic initiatives related to risk appetite, capital optimisation, and reinsurance.

We are looking for an ambitious, highly numerate graduate-level individual who is keen to pursue an actuarial career. We will provide full study support for eligible candidates.

Responsibilities

1. Update parameters and capital models for changes in the risk profile.
2. Perform movement analysis to explain changes in model results.
3. Run capital models for regulatory and business use purposes, including risk appetite reporting and reinsurance analysis.
4. Support the Risk team in model validation.
5. Prepare model documentation in line with regulatory requirements.
6. Collect data for annual reports and management information packs, including standard formula returns.
7. Perform data reconciliation between various systems and reports to ensure the reliability and completeness of the data used.
8. Assist in relevant actuarial input to business planning activities during the annual planning cycle.
9. Test various risk mitigation options.

Skills and Experience

• Highly numerate graduate with a degree in an analytical discipline.
• Desire to quickly develop expertise.
• Proficiency in MS skills, understanding of database and programming languages.
• Strong problem-solving skills.
• Excellent communication skills—both verbal and written.
• An individual who will identify and challenge underperformance in the organization and strive for constant improvement.
• Strong attention to detail and focus on delivering high-quality work within deadlines, including thorough self-review and error checking.
• Highly motivated, enthusiastic, and structured working style.
• Proactive and able to use own initiative—adaptable and open-minded.
• Ability to think and act creatively around related issues.

Our Benefits

We offer all employees a comprehensive benefits package focusing on their overall wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social, and psychological health.

About Us

We offer a supportive environment that fosters growth and development. Canopius is a global specialty lines (re)insurer and a leading insurer in the Lloyd’s of London market, with offices in the UK, US, Singapore, Australia, and Bermuda.

We promote a positive culture where everyone can bring their whole selves to work, flourish, and contribute to profitable and sustainable results.

Based in the heart of the City of London, our offices support a flexible, hybrid working model. We are committed to providing an inclusive environment that values diversity and equal employment opportunities. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other protected status. We encourage applicants from all backgrounds and make reasonable adjustments throughout the recruitment process and employment.