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For Companies At a Glance
- Tasks: Manage and develop the Group’s capital model while ensuring compliance with Solvency II standards.
- Company: Beazley, a leading specialist insurance company with a collaborative culture.
- Benefits: Competitive salary, private medical insurance, generous pension contributions, and 25 days annual leave.
- Why this job: Join a dynamic team and make a real impact in the insurance industry.
- Qualifications: University degree in a quantitative field; part-qualified actuary preferred.
- Other info: Flexible working environment with strong focus on diversity and personal development.
The predicted salary is between 36000 - 60000 £ per year.
Key Relationships
- Members of Risk Management, Actuarial, Finance, and Underwriting teams
Job Summary
To be responsible for the Group’s capital model.
Key Responsibilities
- To maintain and develop the internal model so that it continues to reflect the risk profile
- To prepare the Internal Model Capital Assessments
- To use the internal model to answer business and risk management questions
- To ensure that the capital model meets the Solvency II standards
Other Responsibilities
- To develop understanding of the business that will assist producing analysis to use the internal model output
- To develop understanding of the regulatory approaches that will assist presenting internal model output
- To comply with relevant Beazley procedures and policies
General
It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing – as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. We also expect Beazley employees to:
- Comply with Beazley procedures, policies and regulations including the code of conduct which incorporates the PRA and FCA Conduct.
- Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
- Display business ethics that uphold the interests of all our customers
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the People & Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas.
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.
Personal Specification
Education and Qualifications
- University degree, post-graduate preferred, in a quantitative or analytical discipline
- Part qualified actuary or willing to undertake the actuarial exams. Ideally seeking nearly/newly qualified
- Proven ability in using databases (familiarity with SQL)
Skills and Abilities
- Strong modelling skills
- Able to communicate effectively with internal staff and regulators, both verbally and in writing
- Team worker as well as able to work on own initiative
- General commercial and financial knowledge
- The ability to manage time, meet deadlines and prioritise
- Strong Programming skills with exposure to MS Excel 2007, MS Access 2007, and VBA
- Understanding of statistical concepts and exposure to using statistical software with an ability to learn new technologies quickly
Knowledge and Experience
- Professional work experience; exposure to insurance industry advantageous
- Data analysis and research
Aptitude and Disposition
- Outcome focussed, flexible and enthusiastic
- Interested in helping and educating others
- Professional approach
Competencies
- Programming skills (VBA preferred)
- Information seeking
- Self starter
- Willingness to learn
- Analytical thinking
- Problem solver
Who We Are
Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer.
Our Culture
We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that is big on collaboration, diversity of thought and personal accountability. Our three core values inspire the way we work and how we treat our people and customers.
- Be bold
- Strive for better
- Do the right thing
Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us – our ambitious inclusion & diversity and sustainability targets are testament to this.
We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment. We actively encourage and expect applications from all backgrounds. Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.
Explore a variety of networks to assist with professional and/or personal development.
Our Employee Networks
- Beazley RACE - Including, understanding and celebrating People of Colour
- Beazley SHE - Successful, High potential, Empowered women in insurance
- Beazley Proud - Our global LGBTQ+ community
- Beazley Wellbeing - Supporting employees with their mental wellbeing
- Beazley Families - Supporting families and parents-to-be
We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as:
- Internal Pathways (helping you grow into an underwriting role)
- iLearn (our own learning & development platform)
- LinkedIn Learning
- Mentorship program
- External qualification sponsorship
- Continuing education and tuition reimbursement
- Secondment assignments
The Rewards
The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, global organization.
- Attractive base compensation and discretionary performance related annual bonus
- Private medical insurance coverage for both you and your dependents
- Company paid life assurance and long term disability insurance
- Pension with 10% employer contribution, plus a further matched contribution up to 2.5%
- 25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious
Capital Actuary in London employer: Beazley Management Limited
Contact Detail:
Beazley Management Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Capital Actuary in London
✨Tip Number 1
Network like a pro! Reach out to folks in the Risk Management, Actuarial, and Finance teams. A friendly chat can open doors that a CV just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your modelling skills and understanding of Solvency II standards. Show us you know your stuff and can tackle those tricky questions!
✨Tip Number 3
Don’t just apply anywhere; hit us up directly through our website! We love seeing candidates who are genuinely interested in Beazley and our mission.
✨Tip Number 4
Be bold in your approach! Share your unique insights during interviews and demonstrate how you can contribute to our culture of innovation and teamwork.
We think you need these skills to ace Capital Actuary in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Capital Actuary role. Highlight your relevant skills, especially in modelling and data analysis, and don’t forget to mention your experience with SQL and programming languages like VBA.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re passionate about the role and how your background aligns with Beazley’s values. Show us your enthusiasm for the insurance industry and your eagerness to contribute.
Showcase Your Analytical Skills: Since this role involves a lot of analytical thinking, make sure to provide examples of how you've used your analytical skills in past experiences. Whether it's through projects or previous jobs, we want to see how you tackle problems!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Beazley Management Limited
✨Know Your Numbers
As a Capital Actuary, you'll be dealing with complex models and data. Brush up on your quantitative skills and be ready to discuss how you've used data analysis in previous roles. Familiarity with SQL and statistical software will definitely give you an edge.
✨Understand the Business
Make sure you have a solid grasp of Beazley’s business model and the insurance industry as a whole. This will help you answer questions about how the internal model can support business decisions and risk management effectively.
✨Communicate Clearly
You’ll need to explain complex concepts to both internal teams and regulators. Practice articulating your thoughts clearly and concisely. Consider preparing examples of how you've successfully communicated technical information in the past.
✨Embrace the Core Values
Familiarise yourself with Beazley’s core values: Being Bold, Striving for Better, and Doing the Right Thing. Think of examples from your experience that demonstrate these values, as they are crucial to the company culture and will likely come up during your interview.
