Actuarial Analyst - Analytics in London

Key Relationships
Underwriters and business managers, Beazley actuaries, Claims managers, Data Management and Ceded Reinsurance teams.

Job Summary
The overarching remit of the Actuarial Analytics team is to create business value by providing tools and insights to enhance decision making and strategy throughout the company. You will work across all our lines of business, devising analytical solutions to solve business problems across each area of Actuarial Analytics – Claims Analytics, Underwriting Analytics, Portfolio Analytics and Innovation.

Key Responsibilities

• Underwriting Analytics: Support the delivery of impactful analytics to the underwriting teams. Develop and enhance line of business specific analysis, tools and insights to support and enhance their strategy and decision making, including portfolio monitoring and optimisation, segmentation and trend analysis, tracking exposure and technical price adequacy, and profitability studies.
• Claims Analytics: Provide support to the underwriting teams, business managers and claims teams as required within the reserving process. Develop tools to better understand new and ongoing trends in the claims environment, allowing us to more quickly identify drivers of losses and respond with effective underwriting action.
• Portfolio Analytics: Support the business planning process and create tools to better understand cross-class performance and market insights, enhancing growth and profitability and giving insights to better manage capital.
• Innovation: Work with stakeholders from across the business to explore new ways to drive profitability. This includes conducting exploratory data analysis, trialling new solutions and building pricing models using actuarial and/or data science based methods.

Work with the data organisation, underwriters and claims managers to ensure that data requirements are communicated and delivered, such that analysis can be completed seamlessly without creation of silos, rework and multiple versions of the truth. Be proactive in ensuring that the necessary data is captured from underwriting and claims to enhance future modelling capabilities. Identify opportunities and deliver improvements in both Analytics and wider business processes & methodologies. Build and maintain constructive working arrangements with those groups identified as being key to your role. Operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and business objectives. Keep abreast of industry best practice, new initiatives, and changes in regulatory requirements. Undertake applicable professional, technical and career development training (delivered internally and externally); this includes maintaining actuarial PPD.

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. These values contribute to an internal environment of teamwork and promote a positive brand image and experience for our external customers.

We also expect Beazley employees to:

• Comply with Beazley procedures, policies and regulations including the code of conduct.
• Undertake training on Beazley policies and procedures as delivered by your line manager, the Culture & People 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 Culture & People or assurance teams and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
• Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.

Essential Criteria

• University degree in Mathematics or related field.
• Actuarial experience gained within the insurance industry.
• Understanding of actuarial / statistical techniques.
• Coding experience with R / Python.

Education And Qualifications
Progress towards actuarial qualification (or desire to do so).

Skills And Abilities

• Competent user of MS Excel, VBA, SQL, R, Python, Power BI.
• Strong analytical skills with attention to detail; accurate and numerate.
• Able to communicate effectively both verbally and in writing.
• Team worker as well as able to work on own initiative.
• Ability to manage time, work on a number of tasks in parallel, meet deadlines and prioritise.
• Lateral and creative thinker, demonstrating independent problem solving.
• Interest in modelling and data science.

Knowledge And Experience

• General commercial and financial knowledge.
• Actuarial experience in insurance industry; Lloyd’s market knowledge desirable.
• Understanding of actuarial / statistical techniques.
• Coding experience with R / Python.

Aptitude and Disposition

• Outcome focussed, self‑motivated, flexible and enthusiastic.
• Professional approach to successfully interact with team members and stakeholders.

Competencies

• Excellent communication skills.
• Value focussed.
• Analytical.
• Using initiative.
• Independent problem solving.
• Having integrity.
• Taking responsibility.
• Being reliable.
• Attention to detail.

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 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 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

Networks Include

• Beazley RACE – 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

• 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 organisation. 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.