At a Glance
- Tasks: Lead regulatory capital modelling and ensure compliance with Solvency II standards.
- Company: Beazley, a dynamic finance company with a focus on innovation.
- Benefits: Competitive salary, professional development, and a collaborative work environment.
- Other info: Opportunity to coach and develop talent in a supportive team.
- Why this job: Make a real impact in the insurance industry while developing your actuarial skills.
- Qualifications: University degree in a quantitative field; part qualified actuary preferred.
The predicted salary is between 80000 - 100000 £ per year.
Division: Finance
Reports To: As per Beazley’s organisation chart
Key Relationships: Members of Actuarial, Finance, and Underwriting teams
Job Summary: To lead and be accountable for the Group’s regulatory capital modelling and submission processes, including ownership of the internal model and oversight of internal model validation, ensuring ongoing compliance with Solvency II and other applicable regulatory standards.
Key Responsibilities:
- Lead and manage the teams responsible for regulatory capital calculations and submissions (including SCR, validation reporting and associated governance)
- Internal model development, maintenance and ongoing validation
- Maintain, develop and enhance the internal capital model so that it continues to appropriately reflect the risk profile and business strategy
- Own the regulatory submissions, acting as a key contact for regulators
- Ensure that the internal model, validation framework and capital submissions meet all applicable Solvency II and internal governance standards
- Lead model change, validation and regulatory approval processes, including preparation for regulatory reviews
- Develop and embed robust model governance, documentation and controls
- Build and maintain strong working relationships with Risk, Finance, Underwriting and Compliance teams
Other Responsibilities:
- Develop an understanding of the business and risk profile to enhance the quality and relevance of capital analysis
- Coach, develop and performance-manage team members, creating a strong pipeline of actuarial talent
- Drive continuous improvement in modelling, validation and reporting processes
- Ensure compliance with relevant policies, procedures and regulatory requirements
Personal Specification:
- 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 in London 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 in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the finance and actuarial sectors. Attend industry events or webinars where you can meet potential employers and showcase your skills. Remember, it’s all about who you know!
✨Tip Number 2
Prepare for interviews by brushing up on your technical knowledge and soft skills. Be ready to discuss your experience with regulatory capital modelling and how you’ve tackled challenges in past roles. Practice makes perfect, so consider mock interviews with friends or mentors.
✨Tip Number 3
Showcase your passion for continuous improvement! Talk about any projects where you’ve driven enhancements in modelling or validation processes. Employers love candidates who are outcome-focused and eager to learn.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we’re always looking for talented individuals who can contribute to our team and help us excel in the actuarial field.
We think you need these skills to ace Lead Capital Actuary in London
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, regulatory knowledge, and any relevant experience in the insurance industry 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 understanding of Solvency II and internal governance standards.
Showcase Your Team Spirit:We love team players! In your application, share examples of how you've collaborated with others, especially in finance or actuarial settings. This will show us you can build strong relationships across departments.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it’s super easy!
How to prepare for a job interview at Beazley
✨Know Your Numbers
As a Lead Capital Actuary, you'll need to be comfortable with regulatory capital calculations. Brush up on your knowledge of Solvency II and internal model validation processes. Be ready to discuss how you've applied these concepts in previous roles or projects.
✨Showcase Your Team Leadership Skills
This role involves leading teams, so be prepared to share examples of how you've successfully managed and developed team members in the past. Highlight your coaching style and any initiatives you've implemented to enhance team performance.
✨Communicate Clearly
Effective communication is key, especially when liaising with regulators and other departments. Practice explaining complex actuarial concepts in simple terms. You might even want to prepare a few scenarios where you had to communicate difficult information clearly.
✨Demonstrate Continuous Improvement Mindset
The job requires driving continuous improvement in modelling and reporting processes. Think of specific instances where you've identified inefficiencies and implemented changes. Be ready to discuss your approach to problem-solving and how you stay updated with industry trends.
