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Model Validation Analyst

Job Description

Job Description

We are looking for an experienced capital model expert to assist us in validating the results from our internal model, proposing alternative methodologies and ensuring data quality. We need the very best analyst with a vast understanding of modelling techniques and incredible data engineering skills capable of applying the best modelling wizardry as well as standard actuarial methodologies.

The role provides a rare opportunity to work closely with the senior team right at the heart of assessing the profitability for a £0.5bn insurance business.

The main requirement for this position is to assist in the validation of the Internal Economic Capital Model (IECM) outputs for Commercial Lines, help support the Parameter Sign of Process (PSOP) meetings and ensure appropriate reinsurance cover.

What you'll be doing

You will be validating the outputs of the internal capital model, challenging parameters and recommending methodology improvements.

  • You'll be a fast learner capable of articulating technical requirements in terms of business needs

  • You'll be unafraid to engage with senior actuaries and stakeholders

  • You'll have boundless curiosity and professional discipline to continually improve the status quo.

    Who you'll be working with

    You'll be joining the Pricing Profitability team within Commercial Lines Pricing here at Direct Line Group. You'll be part of a team of relentless problem solvers and the very best minds who leave no stone unturned in achieving modelling excellence and rock solid reviews.

Ways of working

Here at Direct Line Group, we recognise the importance of flexibility, not only in our personal lives but also in the way we work. Our mixed model way of working offers a 'best of both worlds' approach combining the best parts of home and office-working, offering flexibility for everyone - even if it's part-time hours you're looking to work!

We've ditched the daily commute for a virtual first approach. If you do come into the office, there are exciting workspaces and zones you can use, depending on the type of work you are doing.

How much you'll be in the office depends on your role, and we'll consider the flexible working options that work best for you. Please get in touch with the team to discuss!

Employer Description

Direct Line Group is an equal opportunity employer. We value diversity and we're committed to making DLG a truly inclusive place to work.

We recognise and embrace that people work in different ways and we'll always adapt as much as possible so you have the best and most comfortable working environment that we can offer. We know you're more than a CV, and the things that make you, you, can bring real potential to DLG.