Capital Actuary

Job Title

Capital Actuary

Members of Risk Management, Actuarial, Finance, and Underwriting teams

To be responsible for the Group’s capital model.

• To maintain and develop the internal model so that it continues to reflect the risk profile
• To prepare the Internal Model Capital Assessments
• To use the internal model to answer business and risk management questions
• To ensure that the capital model meet the Solvency II standards

• To develop understanding of the business that will assist producing analysis to use the internal model output
• To develop understanding of the regulatory approaches that will assist presenting internal model output
• To comply with relevant Beazley procedures and policies

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. 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.

• University degree, post-graduate preferred, in a quantitative or analytical discipline
• Part qualified actuary or willing to undertake the actuarial exams. Ideally seeking nearly/newly qualified
• Proven ability in using databases (familiarity with SQL)

• 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

• Professional work experience; exposure to insurance industry advantageous
• Data analysis and research

• Outcome focussed, flexible and enthusiastic
• Interested in helping and educating others
• Professional approach

• Programming skills (VBA preferred)
• Information seeking
• Self starter
• Willingness to learn
• Analytical thinking
• Problem solver Who We Are

  Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world. Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive. Our clients want to live and work freely and fully, knowing they are benefit ting from the most advanced thinking in the insurance market.
  
  Our goal is to become the highest performing sustainable specialist insurer.

  Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency;…