Job Details
Wakam is a European B2B2C insurer that designs whitelabel general insurance (GI) products for its partners(e-retailers, brokers and fintechs/insurtechs, ...). Our insurancesolutions are embedded within the products orservices offered tothe end- customer. Wakam operate in 32 countries across Europe withmost of the revenues generated outside of France. Most of ourproducts are delivered through API and hosts white label insurancesolutions via our Play&Plug platform. Since March 2021, we area Mission-driven company. We defined 9 concrete commitments toillustrate thismission, such as writing our insurance contracts inplain language. We also create insurance products at cost forassociations. Our culture? Free to impact. A culture whereeverything is possible, where all ideas are taken intoconsideration, where everyone has an impact! Hungry for freedom?Thirsty for autonomy? If you are curious, then the Wakam adventuremight be made for you! Main Tasks & Responsibilities Wakaminnovative "capital-light" model, contribute to making capitalManagement a key part of our strategy. Working within the CapitalManagement, you will interact with all offices (such as Risk,Reinsurance, Actuarial and Finance) and will have the followingmain missions: Design and delivery of capital actuarial models,processes and systems Making recommendations regarding solvency andcapital assessment Oversight of the actuarial assessments requiredto calculate the company’s capital; to assist in ensuring that thecompany's regulatory capital requirements are met and thatsufficient capital resources are available to support theBoard-approved business strategy. Such assessment shall includesufficient "stress testing" to assist the Board in evaluating therisk level with respect to the business strategy Assessing thesufficiency and quality of the data used in the calculation ofcapital models Ensuring appropriateness assessments of the standardformula are completed and the relevant outcomes reported to therisk committee Involvement in the definition and orchestration ofcapital operations (capital raise, subordinated debt issuance,etc.) Analysis and implementation of capital optimisationstrategies (such as the use of USPs/partial internal model, updateof calculation methodologies, rationalization of the portfolio mix,etc.) Involvement in strategic projects impacting the company’scapital (Lloyd’s syndicate, financial rating, etc.) and in helpingdetermine and assessing the strategic options the company may takein the future Update of the strategic asset allocation Review ofsolvency calculations (Standard Formula) and ORSA projectionsContributing to the effective implementation of the risk managementsystem, in particular with respect to the risk managementunderlying the calculation of the solvency capital requirements andminimum capital requirements and the Company's ORSA Ownership ofkey risks in accordance with the Risk Management Framework andPolicy regarding capital These missions may evolve according to thecompany’s needs and projects, in line with your profile. Thisposition will be based in our London office, remote workingpossible from the UK. Regular trips to our Headquarters in Parismay be required. Your profile Master’s degree in actuarial scienceor Statistics Minimum 8 years of experience in aninsurance/reinsurance company or consulting firm Good knowledge ofcapital-related subjects (modeling and operations), as well as risktransfer mechanisms; in particular Solvency 2 and reinsuranceOrganizational skills, autonomy and critical thinking allowing theproper management of projects Ease in oral/written communication;French language skills are a plus Recruitment process: Screeninginterview with Charlotte, Talent Expert Technical & fitinterview with Chief of Capital Management & Alternative RiskTransfer Leadership fit interview with senior executive team memberHR culture fit interview with Laura, Head of Talent =>Welcome @Wakam Positive energy, agility, and teamspirit are essential to support Wakam in its hyper-growth! You have the Wakam mindset? Join us! Moreabout us Our culture? Free to impact. A culture where everything ispossible, where all ideas are taken into consideration, whereeveryone has an impact on the transformation of insurance! Hungryfor freedom? Thirsty for autonomy? If you are adventurous and likechallenges, then the Wakam adventure might be made for you! Discover -on our website- who we really are with the 11 culturalmarkers that so well describe us! What we are looking forMindset compatibility with our ‘Free to Impact’ culture: Think big Biased for action Curious and eager to learn Can say noand find solutions Aims for the moon (but please don’t stick on themoon) And above all: have fun working together ! Good to knowWakam is not based on a hierarchy but on a methodology whereeveryone finds his role and knows his objectives. With a flathierarchical system and a highly collaborative operating model,Wakam is an extremely agile and transparent company. Every lastFriday of the month, it's Free.day at Wakam, a day without meetingsto take a step aside and dedicate ourselves to skills sponsorshipor other activities (because we are curious, I remind you).Full-remote is a reality at Wakam (there is even one Wakamee whoworks from his sailing boat ⛵) Last but not least : we are nice andwe have fun! (you'll find out by yourself )
