At a Glance
- Tasks: Support risk management activities, focusing on insurance and financial risk analysis.
- Company: Beazley, a leading insurance and financial services provider.
- Benefits: Gain valuable experience, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with diverse teams and excellent career advancement opportunities.
- Why this job: Join a dynamic team and make an impact in the insurance and financial risk sector.
- Qualifications: Student actuary or candidate with risk modelling experience, eager to transition into risk work.
The predicted salary is between 35000 - 42000 € per year.
The role will support a range of risk management activities, with a particular focus on insurance and financial risk. It involves supporting internal model and technical provisions validation, contributing to risk reports and analysis (including the ORSA, RCSAs), and supporting the risk team with the delivery of the wider risk management framework. This role is most likely to suit a student actuary with around 2‑4 years of experience, or a candidate with risk or capital modelling experience who is keen to transition into risk work.
Key Responsibilities
- Support the delivery of internal model validation and production of validation reports for the Board, in collaboration with first‑line teams and external validators.
- Assist risk managers in challenging Beazley’s first‑line processes around insurance and financial risk, including reserving, pricing, capital modelling, business planning, underwriting, reinsurance, exposure management and investments, and support with RCSAs.
- Support the delivery of the Own Risk and Solvency Assessment (ORSA) for Beazley’s entities, particularly aspects relating to insurance and financial risk.
- Assist with the delivery of technical provisions validation.
- Prepare risk management reports for committees and for internal and external presentations.
- Collaborate with other risk managers and support their workload as appropriate.
- Participate in project work as required.
- Support the development of the wider risk management framework.
Essential Criteria
- Student actuary with demonstrated progress through exams.
- 2‑4 years of experience (student or early career).
- Experience in risk or capital modelling (in‑house or consulting) and a desire to transition into risk work.
Skills and Abilities
- Methodical problem‑solving with high attention to detail.
- Pragmatic judgement in new challenges, aligning with business needs.
- Excellent interpersonal and communication skills, able to tailor messages for technical and non‑technical audiences.
- Ability to prepare comprehensive, well‑written reports for internal and external stakeholders.
- Proven project management and organisational skills with a track record of meeting strict deadlines.
- Result‑oriented mindset, energy and determination to succeed in a fast‑paced environment.
- Advanced proficiency in Microsoft Office.
Knowledge and Experience
- Experience in internal model and technical provisions validation – advantage.
- Knowledge of Solvency II/Lloyd’s requirements, risk management and actuarial principles.
- Experience challenging reserving, pricing, capital modelling, business planning, underwriting, reinsurance, exposure management, and investments – advantage.
- Experience providing risk challenge to first line and presenting risk analysis to stakeholders.
- Interest in deeper understanding of insurance and financial risk management in the Lloyd’s/London Market.
Aptitude and Disposition
- Outcome focused, self‑motivated, agile, flexible.
- Technically innovative, problem solver and solution builder.
- Professional approach to collaboration.
- Ability to work with multicultural and multi‑location teams.
- Team player with ability to develop productive relationships.
- Willingness to learn and drive achievement.
Competencies
- Information seeking
- Problem solving
- Technical expertise
- Time management
- Stakeholder management
- Influencing others
- Quality focused
- Initiative
- Customer focus
- Analytical thinking
- Team working
Risk Analyst - Insurance & Financial Risk employer: myGwork - LGBTQ+ Business Community
Beazley is an exceptional employer that fosters a collaborative and innovative work culture, particularly for those in the Risk Analyst role. Located in the heart of the London Market, employees benefit from unparalleled exposure to industry leaders and a wealth of professional development opportunities, including support for actuarial exams and hands-on experience with complex risk management frameworks. With a commitment to employee growth and a dynamic team environment, Beazley stands out as a rewarding place to build a meaningful career in insurance and financial risk.
Contact Detail:
myGwork - LGBTQ+ Business Community Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Risk Analyst - Insurance & Financial Risk
✨Tip Number 1
Network like a pro! Reach out to professionals in the insurance and financial risk sectors on LinkedIn. Join relevant groups, attend webinars, and don’t be shy about asking for informational interviews. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for those interviews! Research common questions for Risk Analyst roles and practice your responses. Be ready to discuss your experience with capital modelling and risk management. Show them you’re not just a candidate, but the candidate they need!
✨Tip Number 3
Tailor your approach! When applying through our website, make sure to highlight your relevant skills and experiences that align with the job description. Use keywords from the listing to catch the hiring manager's eye.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way. Reiterate your interest in the role and mention something specific from the interview that excited you. It shows you’re keen and keeps you fresh in their minds!
We think you need these skills to ace Risk Analyst - Insurance & Financial Risk
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Risk Analyst role. Highlight any relevant experience in risk or capital modelling, and don’t forget to mention your progress as a student actuary!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re passionate about insurance and financial risk, and how your background makes you a great fit for our team at Beazley.
Showcase Your Communication Skills:Since this role involves preparing reports for various stakeholders, make sure to demonstrate your ability to communicate complex ideas clearly. Use examples from your past experiences where you’ve successfully tailored messages for different audiences.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at myGwork - LGBTQ+ Business Community
✨Know Your Risk Management Basics
Before the interview, brush up on your knowledge of risk management principles, especially those related to insurance and financial risk. Be prepared to discuss how you can apply these concepts in practical scenarios, as this will show your understanding of the role.
✨Showcase Your Analytical Skills
Prepare examples from your past experience where you've demonstrated strong analytical skills, particularly in risk or capital modelling. Use specific metrics or outcomes to illustrate your contributions, as this will help you stand out as a results-oriented candidate.
✨Tailor Your Communication Style
Since the role involves communicating with both technical and non-technical audiences, practice explaining complex concepts in simple terms. This will demonstrate your excellent interpersonal skills and ability to adapt your communication style to different stakeholders.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities. Think of situations where you've had to challenge processes or make decisions under pressure, and be ready to discuss your thought process and the outcomes of those situations.
