Senior Capital Modeling Analyst

Senior Capital Modeling Analyst

Location: New York(Hybrid)

Although we prefer candidates from the NY Metro area, we are also open to East Coast candidates interested in working remotely.

About you and the role:

The modeling function is fundamental for Enstar. Its deliverables influence M&A appetite, investment composition, regulatory and economic capital requirements, and capital structure. Working with the Capital Modeling Manager, your responsibility will be to collect data and populate regulatory and rating agency models on a quarterly and ad-hoc basis for the Group and for global subsidiary entities. The individual will take ownership of validating the integrity of model inputs and outputs and will prepare management reports that drive strategic decisions based on capital model results. You will also work with the broader modelling function to assist with parameterization and development of capital models to be used for both regulatory and risk reporting and Enstar’s wider modelling needs.

What you will be doing:

Key Accountabilities / Deliverables

• Capital Adequacy and Solvency Calculations – Model BSCR regulatory capital adequacy and solvency for the Enstar Group and its reporting subsidiaries on a quarterly basis. Coordinate with the modeling group and those preparing regulatory filings.

• Capital Modeling – Develop proficiency in and maintain capital models to meet regulatory, rating agency, and business requirements. Business requirements include stakeholders such as Rating Agencies, Regulators, Group Executives, M&A, Finance, Investments, Risk, and Treasury.

• Group Capital Model development – Support calibration, developmen,t and maintenance of the Internal Capital model with a focus on reserve risk parameterization

• Provide Support to the Risk Function – Collaborate with the Risk Function on capital modelling related areas that inform risk appetite, solvency self-assessments, and stress and scenario testing.

• Provide Model Support and Rationale Documentation – Provide documentation supporting modelling and key decisions impacting regulated entities and ensure appropriate governance procedures are followed.

• Communicate Model Results – Investigate, explain, and report on model results to senior members of the capital management and modeling team and other internal stakeholders.

• All other duties as required

What you will bring:

Person Specification

• Bachelor’s degree in a relevant field (e.g., Accounting, Finance, Mathematics)

• Progress toward relevant professional qualification desirable (3-6 actuarial exams)

• 4-6 years of relevant actuarial/insurance industry experience

• Self-directed individual with initiative, analytical, and problem-solving skills

• Ability to exercise practical judgment, sensitivity, and creativity

• Ability to operate in a fast-paced organization and handle multiple projects simultaneously

• Ability to work as part of a wider team and independently

Technical Knowledge and Understanding

• Solid knowledge of insurance products, reinsurance, financial instruments, and the capital impacts thereof

• Advanced working knowledge of Microsoft Excel and PowerPoint

• Experience with actuarial software tools such as ResQ and Igloo is desirable

• Knowledge of one or more programming languages, such as Python, and the ability to automate processes is desirable

Experience

• Significant quantitative analytical background required

• Sound understanding of regulatory capital requirements, including Solvency II, Bermuda, and US RBC

• Experience within a complex organizational structure covering multiple regulatory jurisdictions is desirable

• Experience with long tail insurance coverages, including asbestos & environmental and workers’ compensation, desirable

Your Benefits:

Enstar offers best-in-class bundled Medical, Dental, and Vision healthcare for single and family coverage.

Board-certified doctors and pediatricians are available virtually 24/7 for urgent care.

Access to Health Savings Account (HSA) or Flexible Spending Account (FSA).

Access to Dependent Care FSA to cover daycare expenses.

Access to Employee Assistance Programs (EAP) for health and well-being.

Optional Pet & Home/Auto Insurance.

Wellness Reimbursement program (up to $600 annual reimbursement for wellness-related expenses, i.e., gym memberships, massage, etc.).

401K retirement plan (company matches up to 6% of employee contribution).

One paid annual volunteer day.

General Info

The target base salary pay range for this role is $126,000- $ 151,000.

*Target full-time equivalent base salary range is based on relevant market data. The actual salary offered will depend on applicable market data for hiring location and relevant candidate knowledge, skills/experience. This salary range is not inclusive of applicable discretionary incentives.

Who we are:

Enstar is a trusted, leading global (re)insurance group that delivers innovative solutions that help our clients reduce risk, release capital and achieve finality. We operate through our network of group companies positioned across the world’s major insurance hubs, spanning Bermuda, the US, London, Continental Europe and Australia.

We are dedicated to helping some of the world’s largest organisations manage risk, providing new opportunities and supporting freedom to grow. With deep expertise, a highly experienced team and a strong track record in the retrospective (re)insurance market, we are proud of our 30 year history of building enduring partnerships and bringing fresh thinking to complex challenges.

Our solutions are supported by Enstar’s robust balance sheet, as evidenced by our $20.3 billion in assets, financial strength ratings and partnership with Sixth Street, a leading global investment firm.

Why choose us?

Learning and development opportunities are a fundamental part to our employee's career journey with Enstar. Their development and career progression remain key enablers of employee engagement, which can directly impact productivity, performance and retention.

At Enstar, we provide a number of initiatives and resources to support our employee’s development through their career at Enstar.

• Professional Qualification/Study Support: We support our employees who wish to take professional qualifications aligned to their role and career development. In addition, we also offer study support.
• Training, Conferences & Seminars: As we are a global company we work with many Professional Bodies which offer training, conferences, seminars and often free CPD events.
• Digital Learning Hub: Our digital learning hub LinkedIn Learn has self-serve resources (e.g. courses, videos, ebooks, audio books) covering a range of topics to upskill your knowledge

We also invest in physical, mental and financial wellbeing initiatives for every employee. Supportive teams, inspiring work and a great environment contribute to our happiness. We take efforts to have a positive influence in our communities and to continuously reduce our impact on the environment.

Enstar Inclusivity Policy:

Our annual Inclusivity Index puts Enstar ahead of the industry in terms of promoting an inclusive and welcome working environment. We’re an equal opportunity employer and believe that our inclusive environment creates an authentic working culture. We don’t discriminate on the basis of age, physical or mental disability, gender reassignment, marriage and civil partnership, pregnancy and carer status, race (including colour, nationality, and ethnic or national origin), religion or belief, sex and sexual orientation. Enstar is committed in providing an accessible recruitment experience for all those interested in working with us. Please let your Enstar Recruitment Partner know if you require any reasonable accommodation during the application process due to a disability to enable you to fully participate in our recruitment process.