Capital Actuary in London

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. 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.

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 focused, flexible and enthusiastic.
• Interested in helping and educating others.
• Professional approach.
• Keen to interact with various departments in the group.

Competencies:

• Programming skills (VBA preferred).
• Information seeking.
• Self-starter.
• Willingness to learn.
• Analytical thinking.
• Problem solver.
• Teamwork.
• Initiative.
• Integrity.
• Accuracy.

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 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.

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.

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.