At a Glance
- Tasks: Lead the development of regulatory capital models and support business planning.
- Company: Beazley, a dynamic finance company with a collaborative culture.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Join a team that values continuous improvement and cross-department collaboration.
- Why this job: Make a real impact in the insurance industry while enhancing your analytical skills.
- Qualifications: University degree in a quantitative field; part qualified actuary preferred.
The predicted salary is between 70000 - 90000 £ per year.
Division: Finance
Reports To: As per Beazley’s organisation chart
Key Relationships: Members of Actuarial, Finance, and Underwriting teams
Job Summary: To be responsible for the development, maintenance and use of components of the Group’s regulatory capital model, supporting regulatory capital submissions, business planning and internal model use.
Key Responsibilities
- Own and be accountable for modules of the internal capital model, including methodology, implementation, documentation and controls.
- Oversee and review the work of other team members across the capital modelling team, providing guidance, challenge and support on model areas as required.
- Produce and validate model outputs for use in regulatory capital calculations and submissions, including SCR and supporting analysis.
- Support the preparation of regulatory capital submissions, validation reporting and responses to regulatory queries.
- Contribute to internal model change and validation activity and model enhancements.
- Use capital model outputs to support business planning processes, risk appetite processes, and ad-hoc analysis for underwriting and management decisions.
- Work collaboratively across the capital modelling team and support on other model areas as required.
- Ensure work complies with internal governance, documentation standards and Solvency II requirements.
Other Responsibilities
- Develop an understanding of the business and risk profile to enhance the quality and relevance of capital analysis.
- Drive continuous improvement in modelling, validation and reporting processes.
- Ensure compliance with relevant policies, procedures and regulatory requirements.
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.
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.
- Keen to interact with various departments in the group.
Competencies
- Using databases (familiarity with SQL).
- Programming skills (VBA preferred).
- Information seeking.
- Self starter.
- Willingness to learn.
- Analytical thinking.
- Problem solver.
- Team work.
- Initiative.
- Integrity.
- Accuracy.
Lead Capital Actuary employer: Beazley
Beazley is an exceptional employer that prioritises employee experience, empowerment, and wellbeing within a dynamic finance environment. With a strong focus on professional growth, employees benefit from attractive compensation packages, comprehensive health coverage, and a flexible working culture that supports work-life balance. The opportunity to engage with senior management and contribute to strategic financial initiatives makes this role not only rewarding but also pivotal in shaping the future of the organisation.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Capital Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the actuarial and finance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of regulatory capital models. Be ready to discuss your experience with modelling and how you’ve contributed to team projects. Show them you’re not just a number cruncher but a team player!
✨Tip Number 3
Don’t forget to showcase your soft skills! Being able to communicate complex ideas clearly is key in this role. Practice explaining your past projects in simple terms, so you can impress both technical and non-technical interviewers.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search. So, get your CV polished and hit that apply button!
We think you need these skills to ace Lead Capital Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Lead Capital Actuary role. Highlight your modelling skills, programming experience, and any relevant insurance industry exposure to catch our eye!
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 our needs. Don’t forget to mention your enthusiasm for working collaboratively across teams.
Showcase Your Analytical Skills:Since this role involves a lot of data analysis and model validation, be sure to include examples of your analytical thinking and problem-solving abilities in your application. We love seeing how you tackle challenges!
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 and shows us you’re serious about joining the StudySmarter team!
How to prepare for a job interview at Beazley
✨Know Your Numbers
As a Lead Capital Actuary, you'll be dealing with complex models and regulatory submissions. Brush up on your modelling skills and be ready to discuss specific methodologies you've used in the past. Be prepared to explain how you ensure accuracy and compliance with Solvency II requirements.
✨Showcase Your Team Spirit
This role requires collaboration across various teams. Think of examples where you've worked effectively with others, especially in challenging situations. Highlight your ability to provide guidance and support to team members while also being open to feedback.
✨Communicate Clearly
Effective communication is key, especially when liaising with regulators. Practice explaining complex concepts in simple terms. You might even want to prepare a few scenarios where you've successfully communicated technical information to non-technical stakeholders.
✨Demonstrate Continuous Improvement
The job involves driving improvements in modelling and reporting processes. Come prepared with ideas or experiences where you've implemented changes that enhanced efficiency or accuracy. Show your enthusiasm for learning new technologies and methodologies in the actuarial field.
