At a Glance
- Tasks: Analyse cyber and liability risks, manage catastrophe modelling, and provide insights for decision-making.
- Company: Join Beazley, a leader in innovative insurance solutions with a collaborative culture.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Dynamic environment with a focus on teamwork and continuous improvement.
- Why this job: Make a real impact in the fast-paced world of cyber and specialty risks.
- Qualifications: 6+ years in commercial insurance, strong analytical skills, and team management experience.
The predicted salary is between 60000 - 75000 £ per year.
This role is within the Exposure Management team dedicated to catastrophe risk management for Beazley’s Cyber Risks (CR) and Specialty Risks (SR) divisions. The role will have responsibility for executing and/or overseeing core operational responsibilities for catastrophe modelling and reporting, alongside an existing Senior Exposure Analyst and with the support of multiple Analysts.
Key Responsibilities (including but not limited to):
- Cyber and Liability Modelling & Analytics: Responsible for collation of cyber and liability portfolios for monthly roll‑up processes and monitoring of risk appetites. Responsible for execution of catastrophe modelling across internal and external scenarios (including third-party models), overseeing Analysts. Responsible for execution of modelling and associated responses for cyber and liability regulatory reporting purposes, including the Lloyd’s Realistic Disaster Scenarios (RDS). Responsible for running internal probabilistic models, under guidance from the Capital team. Provide portfolio commentary and insights for governance committees including presenting modelling results and catastrophe risk papers to governance committees. Support the development, enhancement, and maintenance of scenarios and models, including vendor models, and internal modelling methods/frameworks. Ensure data quality, completeness, and appropriateness of inputs into models, working closely with Data and Underwriting teams. Oversee the validation and reconciliation of Delegated Authority data, ensuring appropriate representation of delegated portfolios within exposure frameworks and catastrophe models.
- Strategic Engagement & View of Catastrophe Risk: Involved in strategic discussions on catastrophe modelling methods, including engagement with transformation projects, and overall team strategy. Keep abreast of industry good practice, market insights and regulatory expectations on catastrophe management (e.g. Lloyd’s Principles). Engage with external stakeholders (e.g. brokers, vendors, Lloyds, regulators) on catastrophe modelling developments and expectations. Support the development and refinement of view of catastrophe risk for cyber and liability, including the development of new and existing realistic disaster scenarios (RDS). Support the validation and challenge of third-party models and internal scenarios. Act as an exposure management Subject Matter Expert (SME) with CR and SR divisions.
- Operational Support & Process Management: Provide data and insights to Underwriters, Capital Modelling team, Ceded Reinsurance team, Risk teams and governance committees in a clear and digestible format. Provide cyber and liability catastrophe output and analytical support for portfolio optimisation, and underwriting decisions. Assist with ad‑hoc research, including emerging threat analysis, vendor model changes, and industry cyber and liability events. Provide ad-hoc event response support. Develop, maintain and own documentation, files and controls on cyber and liability modelling processes, tools, and governance. Provide SQL and analytics support to create or improve reporting, dashboards, automation. Identify and execute process and control improvements, including but not limited to exposure and results data.
- People Management: Coach and mentor more junior members of team. Contribute to the upskilling of colleagues on cyber and liability exposure management, both within the Exposure Management team and also within other teams (e.g. Underwriters). Line management responsibilities for more junior members of staff (e.g. Analysts), including responsibility for performance management and career development of these colleagues.
General: It is important that within all your interactions both internally and externally you adhere Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. 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. Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability 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 People & Sustainability or assurance teams (compliance, risk, internal audit) 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.
Personal Specification:
- Education and Qualifications: Educated to A‑Level or equivalent. Degree in a relevant discipline preferred but not essential. Actuarial background is advantageous but not required.
- Skills and Abilities: Strong numerical ability with excellent attention to detail and accuracy. Effective verbal and written communication skills, able to explain technical concepts to non‑technical audiences. Strong time‑management skills with the ability to manage competing priorities. Ability to work independently as well as collaboratively in a team environment. Problem‑solving mindset with the ability to analyse issues and develop practical solutions.
- Knowledge and Experience: 6+ years of experience in commercial insurance within exposure management, catastrophe risk or actuarial, ideally in cyber & specialty liability. Experience in managing individuals or a team (desirable). Lloyd’s insurance market experience and Lloyd’s RDS knowledge desirable. Understanding of policy structures and reinsurance structures essential. Strong technical skills essential, including advanced Excel experience. People management experience desirable (e.g. line management). Understanding of risk management principles and application (e.g. controls) desirable.
- Aptitude and Disposition: Self‑motivated and proactive with a passion for continuous improvement. Flexible and enthusiastic, able to adapt to evolving business needs. Professional, reliable, and committed to delivering high‑quality outputs.
Senior Exposure Analyst - Cyber & Liability in London employer: Beazley
Beazley is an exceptional employer that fosters a collaborative and innovative work culture, particularly within the Exposure Management team. Employees benefit from comprehensive professional development opportunities, a commitment to continuous improvement, and the chance to engage with industry leaders in cyber and liability risk management. Located in a vibrant area, Beazley offers a supportive environment where teamwork and ethical practices are at the forefront, making it an ideal place for those seeking meaningful and rewarding careers.
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We think this is how you could land Senior Exposure Analyst - Cyber & Liability in London
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We think you need these skills to ace Senior Exposure Analyst - Cyber & Liability 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.
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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.
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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.