At a Glance
- Tasks: Transform reserving processes with innovative tools and AI solutions.
- Company: Beazley, a forward-thinking insurance company focused on teamwork.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Collaborative culture with opportunities for career growth and learning.
- Why this job: Join us to shape the future of reserving in a dynamic industry.
- Qualifications: Strong Python skills and a degree in a relevant field required.
The predicted salary is between 60000 - 80000 £ per year.
The successful candidate will play a pivotal role in advancing Beazley’s reserving capability, with a focus on the development and enhancement of reserving processes, tools and methodologies. Working closely with the wider team, they will help shape and embed a modern reserving infrastructure that is robust, scalable and built for the future.
Key Responsibilities
- Support the ongoing evolution of reserving processes towards automated, scalable and AI-enabled solutions.
- Develop and enhance reserving processes, tools and methodologies, ensuring they are robust and aligned with business needs.
- Design, build and maintain reserving workflows and tooling (including Python and Unify), acting as a subject matter expert and supporting adoption across the team.
- Contribute to ad-hoc projects and initiatives, applying technical expertise to solve complex reserving and data challenges.
- Provide technical guidance to the wider reserving team, with a focus on workflows, coding best practice, and improving process efficiency.
- Maintain clear documentation and ensure appropriate governance and sign-off processes are followed.
- Keep abreast of industry best practice in automation and the application of AI within reserving.
- Build effective working relationships with key stakeholders across actuarial, finance and technology teams.
- Contribute to team objectives through effective collaboration and delivery.
- Undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required.
Person Specification
Essential Criteria
- Strong programming skills in Python.
- Experience gained within the insurance sector.
- University degree in Mathematics, Actuarial Science, Data Science or related field.
- Professional actuarial qualification (or making good progress toward qualification).
Skills and Abilities
- Proficient in SQL (desirable).
- Experience developing and maintaining Unify workflows (desirable).
- Experience building Power BI dashboards and data models (desirable).
- Strong analytical and problem solving skills; high attention to detail.
- Ability to communicate technical concepts clearly to non-technical stakeholders.
- Ability to manage multiple workstreams, prioritise effectively and meet deadlines.
- Comfortable working both independently and as part of a team.
Knowledge and Experience
- Reserving experience; Lloyd’s market knowledge desirable.
- Understanding of modern reserving processes and automation concepts.
- Experience developing, coding and testing actuarial models, workflows or data processes.
- Understanding of reinsurance.
Aptitude and Disposition
- Outcome focused, self-motivated, flexible and enthusiastic.
- Professional approach to successfully interact with team members and stakeholders.
Competencies
- Achievement and solution focused.
- Information seeking.
- Stakeholder focus.
- Using initiative.
- Having integrity.
- Taking responsibility.
- Being reliable.
Reserving Transformation Actuary in London employer: Beazley
Beazley is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the Reserving Transformation Actuary role. With a strong emphasis on employee growth through professional development training and a commitment to embracing cutting-edge technology, Beazley provides a dynamic environment where actuaries can thrive. Located in a vibrant area, employees benefit from a supportive team atmosphere that encourages bold thinking and continuous improvement, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Reserving Transformation Actuary in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Beazley). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Beazley. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Reserving Transformation Actuary in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Beazley.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Beazley. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Beazley
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Beazley to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Beazley, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Beazley's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
