Job Type:
Permanent
Build a brilliant future with Hiscox
The role
We are looking for a Senior Capital Analyst to contribute to the analysis of capital across a number of risk categories, primarily supporting the Capital Manager whose focus is on Hiscox’s retail entities. The role involves a number of varied projects across Solvency II standard formula model, Hiscox’s economical capital model, business planning parameterisation process, Risk Committees and Board papers.
While the role reports to the Retail Capital Manager, the senior analyst will have the opportunity to work across other teams and projects supporting other legal entities within the Group. Being part of the Group Capital Management team, the role is strategically well placed and involves working with other Group and BU functions to add value to the business.
This person will be comfortable analysing and investigating model results and model change impacts, while developing stakeholder relationships across the business.

Key responsibilities

• Supporting the annual reporting of the Solvency II Standard Formula Capital for HIC and HSA and producing multi-year forward-looking capital projections on a Standard Formula and ORSA requirement basis
• Supporting the regular monitoring of solvency with direct report to HIC & HSA CFO. This includes analyses on capital efficiency and advising on Board actions
• Supporting the production of information for regulatory submissions to the relevant regulatory authorities and auditors
• Supporting the production of risk profile, Operating plans and ORSAs for Boards and various committees.
• Supporting the production of the HICM output for legal entities across the Group.
• Leading validation and documentation of HICM specialisms
• Learning from other members in the wider Group Capital Management department through assisting with their responsibilities during their busy periods.
• Developing knowledge of the Hiscox business, the HICM and its reporting requirements.
• Managing and coaching less experienced members of the team
• Ensuring business users of modelling information receive suitable training and understand risk drivers, diversification effects and any limitations of the model.
• Promotion of model use by producing model outputs in a timely fashion and ensuring clear and effective communication of results.
• Recommending process or modelling improvements to support efficient generation of model outputs.

Skills/qualifications/experience required

• Experience in the non-life insurance industry essential, with good understanding of the fundamental concepts of general insurance
• Solvency II experience essential
• Knowledge of internal model and regulatory standard formula capital requirements
• Experience in using and interpreting results of capital models
• Strong analytical ability combined with a pragmatic and logical approach to problem-solving
• Confident communicator combined with good interpersonal and relationship-building skills essential
• An ability to gather and use data to identify areas of change or improvement that can bring about the greatest benefit to the business
• Personal competencies include integrity, innovation, results-focused mindset, mental agility and decisiveness
• Making good progress towards achieving a relevant professional qualification such as Actuarial Exams
• An ability to work efficiently under pressure, both independently and as part of a team, to deliver accurate results within strict deadlines

About Hiscox
As an international specialist insurer we are far removed from the world of mass market insurance products. Instead we are selective and focus on our key areas of expertise and strength - all of which is underpinned by a culture that encourages us to challenge convention and always look for a better way of doing things.
We insure the unique and the interesting. And we search for the same when it comes to talented people. Hiscox is full of smart, reliable human beings that look out for customers and each other. We believe in doing the right thing, making good and rebuilding when things go wrong. Everyone is encouraged to think creatively, challenge the status quo and look for solutions.
Scratch beneath the surface and you will find a business that is solid, but slightly contrary. We like to do things differently and constantly seek to evolve. We might have been around for a long time (our roots go back to 1901), but we are young in many ways, ambitious and going places.
Some people might say insurance is dull, but life at Hiscox is anything but. If that sounds good to you, get in touch.
Diversity and Hybrid working
At 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 few 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-TH1

Work with amazing people and be part of a unique cultur

• Supporting the annual reporting of the Solvency II Standard Formula Capital for HIC and HSA and producing multi-year forward-looking capital projections on a Standard Formula and ORSA requirement basis
• Supporting the regular monitoring of solvency with direct report to HIC & HSA CFO. This includes analyses on capital efficiency and advising on Board actions
• Supporting the production of information for regulatory submissions to the relevant regulatory authorities and auditors
• Supporting the production of risk profile, Operating plans and ORSAs for Boards and various committees.
• Supporting the production of the HICM output for legal entities across the Group.
• Leading validation and documentation of HICM specialisms
• Learning from other members in the wider Group Capital Management department through assisting with their responsibilities during their busy periods.
• Developing knowledge of the Hiscox business, the HICM and its reporting requirements.
• Managing and coaching less experienced members of the team
• Ensuring business users of modelling information receive suitable training and understand risk drivers, diversification effects and any limitations of the model.
• Promotion of model use by producing model outputs in a timely fashion and ensuring clear and effective communication of results.
• Recommending process or modelling improvements to support efficient generation of model outputs