Reporting Actuary

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

Job Summary: Actuarial SII technical provisioning for Beazley, ideal for a candidate who is looking to initially take on a reporting role with opportunities to take greater ownership over time and play a key role in shaping the refinement of existing processes and development of new processes.

Key Responsibilities:

• Perform (as required) the quarterly technical provisions valuations and reporting requirements for all group entities, adhering to the required standards and ensuring technical provisions deliverables are met in a timely manner and to a high standard.
• Work as part of a wider team to ensure the appropriate review of technical provisions and reporting requirements occurs prior to external submission and that submissions are made to a high standard in a timely manner.
• Show initiative to understand existing processes and facilitate development of processes to make these more efficient and better controlled.
• Understand and effectively communicate the drivers of movements in Solvency II technical provisions, including writing reports on a quarterly basis to explain movements to more senior members of the team, senior stakeholders and relevant committees.
• Work, as part of the SII team, on wider internal business planning analyses.
• Work with other reporting and actuarial teams to facilitate knowledge sharing, cooperation and consistency between teams.
• Contribute to the maintenance of documentation with the required frequency, adhering to the review requirements and obtaining the appropriate sign-offs.
• Support the work of external actuaries as required.
• Assist in other ad hoc projects undertaken by the actuarial team.
• Build and maintain constructive working arrangements with those groups identified as being key to your role.
• Become a technical expert and trusted advisor for management on Solvency II technical provisions and related matters.
• 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).

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 as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers. 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 People and 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 and Sustainability or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system.

Beazley: Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our products are wide ranging from cyber & tech to marine, healthcare, financial institutions and contingency, covering risks like the weather, film production or protection from deadly weapons. We are a flexible and innovative employer offering a friendly, collaborative, diverse and inclusive work environment. We encourage applications from all backgrounds. We empower people to choose where to work given the work that needs to be done. Collaboration in office spaces is important but we do not mandate a set number of days in the office or from home – you decide what works best for you and the role you are in. We have a wonderful mix of cultures, experiences and backgrounds at Beazley with over 1500 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We hire people with wide perspectives, and we have set bold diversity targets as we work towards excellence.

Personal Specification:

• Education and Qualifications: University degree; Hold or have made significant progress towards completing an Actuarial qualification.
• Skills and Abilities: General commercial and financial knowledge; Competent user of MS Excel; SQL, SAS, VBA, Access, and R skills desirable; Experience in analytics/visualisation tools desirable; 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.
• Knowledge and Experience: Good knowledge of technical provisions for Solvency II preferred; Reserving experience; Lloyd’s market knowledge desirable; Knowledge of IFRS 17 desirable.
• Aptitude and Disposition: Outcome focused, self-motivated, flexible and enthusiastic; Professional approach to successfully interact with team members, internal and external stakeholders.
• Competencies: Achievement and solution focused; Ability to initiate and embrace change and innovate; Analytical; Information seeking; Stakeholder focus; Using initiative; Having integrity; Taking responsibility; Attention to detail.