Assistant Vice President, Capital Management

at  Aspen Insurance Holdings

Date: Jun 24, 2024
Location: London, GB, EC3M 3BD
Company: Aspen Insurance
Since Aspen was founded in 2002, we have become a leading, diversified specialty insurance and reinsurance company. We respond thoughtfully and creatively to find the best outcomes for our clients and business partners through carefully-tailored solutions.
We believe the way we work is just as important as the work we do, and we are guided by our core values of respect, honesty, trust and professionalism.
Aspen is a great place to develop your career offering an exciting and challenging environment where achievement is rewarded.
The role:

As a key member of the Capital Management team (with an emphasis on data manipulation, collation and analysis), this role will contribute to the delivery of the function’s key objectives:

• the development of tools and the performance of quantitative analysis – to aid strategic decision-making by the business, and
• the provision of consultancy support – to determine the capital implications of new initiatives, and establish proposals to maximise capital efficiency.

Our Aspen Values are expected to be reflected in the delivery and performance of every role.

Key Responsibilities:

• Provide informative MI and supporting analysis in respect of Available and required Capital – as required for management, regulators, rating agencies and other stakeholders.
• Be responsible for the quarterly runs and analysis of relevant Rating Agency models (i.e. “S&P” and “AMBest”) – sourcing inputs, owning calculation processes, and presenting outputs.
• Assist in the delivery of relevant aspects of the Bermuda Monetary Authority (“BMA") Model requirements.
• Develop and enhance tools – using Excel modelling outputs and/or other relevant tools – to facilitate the production and utilisation of the MI and modelling outputs noted above.
• Assist on ad-hoc capital projects to support our strategic objectives – e.g. identify capital efficiencies, propose treatment for non-standard items, & respond to key stakeholder requests.

Strategy and Planning

• Contributes to functional strategy development and prioritises operational deliverables and activities of team to support delivery of overall business targets
• Manages tactical plan and provides support to others to achieve positive results for the business in line with strategy

Policy, Process and Procedures

• Adhere to modelling and reporting rules and standards as established by the relevant Regulatory bodies and equivalent internal/external stakeholders.

Environmental Awareness/Customer Focus

• Liaise with stakeholders from relevant teams across company (including Capital Modelling, Reserving, Investments, Finance and Planning) to collate and reconcile the required data.

Technical Performance

• Develop subject matter expertise in respect of how key factors (e.g. premiums, reserves and investments) influence the available and required capital of the Rating Agency models.

Skills & Experience:

• 5+ years post-qualified experience within the (re)insurance industry.
• Experience with capital models is beneficial (e.g. working knowledge of rating-agency/regulatory models or similar internal/factor-based platforms).
• Experience of BMA’s BSCR capital regime would also be of value.

At Aspen we know that having a diverse and inclusive workforce is good for our people, good for our business and good for the environments in which we operate. We therefore welcome applications from people which allows us to draw on diverse cultures, perspectives, skills and experiences.

As a key member of the Capital Management team (with an emphasis on data manipulation, collation and analysis), this role will contribute to the delivery of the function’s key objectives:

• the development of tools and the performance of quantitative analysis – to aid strategic decision-making by the business, and
• the provision of consultancy support – to determine the capital implications of new initiatives, and establish proposals to maximise capital efficiency

Key Responsibilities:

• Provide informative MI and supporting analysis in respect of Available and required Capital – as required for management, regulators, rating agencies and other stakeholders.
• Be responsible for the quarterly runs and analysis of relevant Rating Agency models (i.e. “S&P” and “AMBest”) – sourcing inputs, owning calculation processes, and presenting outputs.
• Assist in the delivery of relevant aspects of the Bermuda Monetary Authority (“BMA") Model requirements.
• Develop and enhance tools – using Excel modelling outputs and/or other relevant tools – to facilitate the production and utilisation of the MI and modelling outputs noted above.
• Assist on ad-hoc capital projects to support our strategic objectives – e.g. identify capital efficiencies, propose treatment for non-standard items, & respond to key stakeholder requests