On behalf of an international insurance group, we are supporting the search for a Capital Modelling Actuarial Analyst (m/w/d) to join their Capital Management function. This opportunity stands out due to its steep learning curve, strong technical exposure, and the chance to take ownership and responsibility from day one within a highly skilled Capital Management environment. You can also be based in London or Brussels 

Responsibilites:

• Operate and maintain the team’s economic scenario tooling, ensuring accurate calibration and full integration into the Internal Model for regulatory and internal reporting.
• Analyse the organisation’s investment portfolio to verify alignment with the defined risk appetite, and assess valuation, performance, and risk characteristics.
• Review and validate reinsurance arrangements to identify opportunities for capital efficiency, including running sensitivity and stress tests.
• Provide capital-modelling insights during the annual planning cycle, supporting financial target setting (e.g., loss ratios and return-on-capital analysis).
• Lead or contribute to deep-dive reviews aimed at improving capital efficiency across various risk types within both the Internal Model and the Standard Formula.
• Support the preparation of annual reporting materials, such as Profit & Loss analyses, capital requirement summaries, and other regulatory documents.
• Gain broad exposure to Internal Model and Standard Formula frameworks, working closely with risk, actuarial, finance, and investment teams.

Your Background: 

• 2–5 years of professional experience in actuarial, risk, capital modelling, or a related quantitative insurance function
• Solid understanding of Solvency II, ideally with exposure to the Internal Model or Standard Formula
• Practical experience with modelling or analytical tools such as Tyche, SQL, R, Python, or comparable actuarial software
• Strong quantitative background with the ability to interpret and communicate complex modelling results
• Comfortable working in a technical environment and contributing to discussions across actuarial, risk, finance, and investment teams
• Ability to take ownership quickly and thrive in a role with a steep learning curve and early responsibility
• Proactive, analytical mindset with a desire to contribute to continuous model and process improvements
• Experience within an international insurance or reinsurance environment is advantageous

We aim to be an equal opportunity recruiter and we are determined to ensure that no applicant receives less favourable treatment on the grounds of gender, age, disability, religion, belief, sexual orientation, marital status, or race, or is disadvantaged by conditions or requirements.