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Capital Manager

Job LocationManchester
EducationNot Mentioned
Salary65,000 - 85,000 per annum
IndustryNot Mentioned
Functional AreaNot Mentioned
Job TypePermanent, full-time

Job Description

Davies are currently working with a large Insurance and Technology business based in Manchester assisting in sourcing a Capital Manager.Supporting the Underwriting Finance Director, youll oversee the capital and dividend strategy calculations in the strategic 5-year planning process, highlighting potential pitfalls and risks. Liaising with the wider business, youll be the go-to person inthe use of capital metricsspecifically setting of risk appetite, capital allowances in pricing, reinsurance and investment strategy.Youll demonstrate strategic thinking, advising the Group of the wider impact of insurance and reinsurance arrangements, and implication on solvency. Reporting solvency to the Group and entity Boards, youll liaise with the statutory auditors, provide regulatoryreporting, assist with preparation of meeting packs and deal with any outstanding actions. Experience and qualification experience required are as follows,

  • A professional accounting or actuarial qualification, such as ICAEW, ACA or FIA with demonstratable post-qualification experience or established qualified by experience in general insurance
  • General insurance financial or accounting experience, including technical analysis, reinsurance and financial and statutory reporting
  • Experience of future capital raising opportunities or future sale/partial sale event
  • Understanding of Solvency II Pillar 1 modelling, Pillar 3 reporting and ORSA process, including calculation of SCR, bridging from GAAP Net Assets to Solvency II Own Funds and population of QRTs essential.
  • Excellent knowledge of how to prepare insurance accounts in line with regulations and policies
  • Proven ability to manage and build relationships with different teams and stakeholders around the business
  • Knowledge of FCA requirements (including TCF)
  • Commercially focused with excellent communication and problem-solving skills to identify and adopt a logical approach to resolving
  • Strategic thinker, understanding Group wide impact of insurance/reinsurance arrangements and implication on solvency.
This is an urgent requirement, paying between 65K-85K dependant on experience.

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