Lead Capital Actuary in London

Division: Finance

Reports To: As per Beazley’s organisation chart

Key Relationships: Members of Actuarial, Finance, and Underwriting teams

Job Summary: To be responsible for the development, maintenance and use of components of the Group’s regulatory capital model, supporting regulatory capital submissions, business planning and internal model use.

Key Responsibilities:

• Own and be accountable for modules of the internal capital model, including methodology, implementation, documentation and controls.
• Oversee and review the work of other team members across the capital modelling team, providing guidance, challenge and support on model areas as required.
• Produce and validate model outputs for use in regulatory capital calculations and submissions, including SCR and supporting analysis.
• Support the preparation of regulatory capital submissions, validation reporting and responses to regulatory queries.
• Contribute to internal model change and validation activity and model enhancements.
• Use capital model outputs to support business planning processes, risk appetite processes, and ad‑hoc analysis for underwriting and management decisions.
• Work collaboratively across the capital modelling team and support on other model areas as required.
• Ensure work complies with internal governance, documentation standards and Solvency II requirements.

Other Responsibilities:

• Develop an understanding of the business and risk profile to enhance the quality and relevance of capital analysis.
• Drive continuous improvement in modelling, validation and reporting processes.
• Ensure compliance with relevant policies, procedures and regulatory requirements.

Education and Qualifications:

• 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 the 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:

• 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.