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Senior Capital Actuary
senior · Risk & Compliance
Flexible working: this role is offered on a hybrid basis, with a blend of home and office working.
About the Role
We’re looking for a Senior Capital Actuary to play a key role in delivering our regulatory and economic capital modelling, supporting both Solvency II reporting and strategic decision-making across the business.
Sitting within our Capital Modelling team, you’ll contribute to the development and ongoing enhancement of our Internal Model (Igloo) ensuring it remains robust, compliant, and aligned to business needs. You’ll work closely with stakeholders across the organisation, translating complex modelling outputs into clear, actionable insights for senior leaders, committees, and regulators.
Alongside hands-on technical delivery, you’ll also support and mentor more junior actuaries, helping to shape the future of the team.
What You’ll Be Doing
You’ll play a key role in contributing to the production of both regulatory capital (Solvency II) and internal economic capital requirements, while supporting the ongoing development and maintenance of the Internal Model. This includes hands-on involvement in Igloo coding, parameter updates, and governance enhancements, alongside improving the calculation kernel and parameterisation processes in line with regulatory expectations, validation findings, and industry best practice. You’ll help ensure the model remains fully compliant, responding to regulatory feedback and proactively identifying, assessing, and escalating any limitations or risks.
As part of the annual model update cycle, you’ll work across the full end-to-end process, from data validation and analysis through to parameter setting, model design and build, testing, calibration, validation, and stress and sensitivity analysis. Alongside the technical work, you’ll produce clear and insightful reports for senior stakeholders and regulators, translating complex outputs into meaningful, decision-useful insights. You’ll also build strong relationships across the business and support the development of junior team members, helping to strengthen overall team capability.
Essential skills and experience
- Qualified Actuary (IFoA or equivalent)
- Strong experience of Solvency II / UK Internal Model frameworks
- Proven capital modelling experience, with strong knowledge of stochastic methods
- Experience within personal lines insurance (e.g. Motor, Household)
- Previous experience leading or mentoring others
- Experience using actuarial modelling platforms (e.g. Igloo or similar)
- Strong stakeholder management skills, with the ability to influence and communicate at senior level
- Ability to translate complex technical outputs into clear business insights
- Strong presentation skills, with experience engaging Boards, NEDs, or regulators
- Highly organised, with the ability to manage multiple priorities and deadlines
- Advanced Excel and wider Microsoft Office skills
Desirable skills and experience
- Strong commercial awareness, with the ability to link modelling outputs to business strategy
- Experience improving or automating modelling processes
Why Join Us?
- Be part of a collaborative, high-performing actuarial team
- Work on complex, business-critical modelling that directly influences decision-making
- Opportunity to shape and evolve the Internal Model
- A strong focus on development and career progression
- A flexible, supportive working environment with a great culture
Please note - we may close this vacancy early if we receive lots of applications or business priorities change.
Admiral: Where You Can
We take pride in being a diverse and inclusive business. It's a place where you can Be You, and show up as you are. We’re committed to fostering a people-first culture where everyone is accepted, supported, and empowered to be brilliant. You can, Grow And Progress at a pace and direction that suits you, Make A Difference for our customers and each other, and Share in Our Future with all colleagues eligible for up to £3,600 of free shares each year after one year of service.
Everyone receives 33 days holiday (including bank holidays) when they join us, increasing the longer you stay with us, up to a maximum of 38 days (including bank holidays). You also have the option to buy or sell up to an additional five days of annual leave.
We’re proud of our people-first culture. In fact, we've been recognised as a Great Place to Work for Women, a Great Place to Work for Wellbeing, and an overall Great Place to Work for over 25 years! We’re fully committed to making sure your progression is not slowed or halted by barriers related to race, gender, age, sexuality or any of the protected characteristics.
Our fantastic benefits make sure our colleagues have a great work-life balance; You can view some of our other key benefits here.
Disability Confident Leader
As a Disability Confident Leader, for candidates with a disability or long-term health condition, that opt into the Disability Confident scheme, we’ll invite a fair and proportionate number of applicants that meet the essential requirements of the role to the first stage of our selection process.
If you need any adjustments or support with your application or during the recruitment process, just let us know. Please email Helen.hunt@admiralgroup.co.uk or contact us on 07796 039828. This number is dedicated to supporting candidates that require reasonable adjustments or support during the application process.
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