General
Job Title:Reporting Actuary
Key Relationships:Beazley actuaries, Finance, Data Management and Ceded Reinsurance teams, Claims managers,Underwritersand business managers
Job Summary:ActuarialRegulatory Reporting Teamfor Beazley. Ideal for a candidate who is looking to take on a reporting role with opportunities to take greater ownership over timeand play a key role in shaping the refinement of existing processes and development of new processes.
Key Responsibilities:
Technical
Assistwith the technical provisions process, adhering to the required standards under different bases (Solvency UK, Solvency II, Bermuda Monetary Authority), for quarterly and annual reporting. This includescollecting and preparing data,runningand updating the underlying code, as well asvalidatingand analysing the technical provisions.
Assistwith the solvency profit model and balance sheet projection tools.
Support the year end reporting of solvency data to our regulators.
Show initiative tounderstand existing processesandfacilitatedevelopmentof processesto make these more efficient and better controlled.
Understandand effectively communicate the drivers of movements in technical provisions, including writing reports on a quarterly basis to explain movements tomore senior members of the team,seniorstakeholdersand committees.
Workas part of a wider team to ensure theappropriate reviewof technical provisions and reporting requirements occurs prior to external submission and that submissions are made to high standardin a timely manner.
Contributeto the maintenance of documentation with the required frequency, adhering to the review requirements and obtaining the appropriatesign-offs.
Supportthe work of external actuaries asrequired.
Assistin otherad hocprojects undertaken by the actuarial teame.g. M&A and business planning analyses.
Buildandmaintainconstructive working arrangements with those groups identified as being key to your role.
Operate as an effective team member by supporting colleagues and contributing to the delivery and achievement of overall team and businessobjectives.
Becomea technical expert and trusted advisor for management on technical provisions and related matters.
Work with otherreporting and actuarial teams tofacilitateknowledge sharing,cooperationand consistency between teams.
Keepabreast of industry best practice, newinitiativesand changes in regulatory requirements.
Undertakeapplicable professional, technical and career development training (delivered internally and externally).
General:
It is important that within all your interactions both internally and externally you adheretoBeazley’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 withBeazley procedures, policies and regulations including the code of conduct.
Undertake training on Beazley policies and procedures as delivered by your line manager, the Peopleand Sustainabilityor 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 withany specific responsibilities necessary for your role as outlined by your line manager, the Peopleand Sustainabilityor assurance teams (compliance, risk, internal audit) and ensure youkeep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazleystandardsand customer relationship management.
Carry outadditionalresponsibilities as individually notified, either through yourobjectivesor through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification:
Essential Criteria
- Holdorhave madesignificant progresstowardscompleting an Actuarial qualification
- Strong and competent user of MS Excel
- Goodknowledge of technical provisions for SolvencyUK, Solvency II and Bermuda Monetary Authority (BMA) preferred; however, we would welcome applications from individuals with other experience within the insurance sector (such as reserving, capital modelling, pricing)
Education and Qualifications
Universitydegree
Skills and Abilities
Experience in operating large code bases including the ability tomaintainand add to existing code, with knowledge of SAS and SQL desirable
Generalcommercial and financial knowledge
Experience in analytics / visualisation tools desirable
Stronganalytical skills with attention to detail;accurateand numerate
Ableto communicate effectively both verbally and in writing
Teamworker as well as able to work on own initiative
Abilityto manage time, work ona number oftasks in parallel, meet deadlines and prioritise
Knowledge and Experience
PreviousreservingexperiencewithLloyd’s market knowledge,desirable
Previousexperience of writing,managingandmaintainingcode (such as SAS), desirable
Knowledge of IFRS 17,desirable
Aptitude and Disposition
Outcomefocused, self-motivated,flexibleand enthusiastic
Professionalapproach to successfully interact with team members, internal and external stakeholders
Competencies
Achievementand solution focused
Analytical
Informationseeking
Stakeholderfocus
Usinginitiative
Havingintegrity
Takingresponsibility
Attentionto detail
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