Capital Actuary

General:

Job description and person specification

Job Summary: To be responsible for the Group’s capital model.

Key Responsibilities:

• 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

Other Responsibilities:

• 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

General:

At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours – PIED and Being Beazley.

• Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes 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 Talent Management development 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 Talent Management 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:

• University degree, post-graduate preferred, in a quantitative or analytical discipline
• Part qualified actuary or willing to undertake the actuarial exams

• 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
• Keen to interact with various departments in the group

• 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