Lead Capital Actuary

Job description and person specification

Job Title: Lead Capital Actuary

Division: Finance

Reports To: As per Beazley’s organisation chart

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

Job Summary: To lead and be accountable for the Group’s regulatory capital modelling and submission processes, including ownership of the internal model and oversight of internal model validation, ensuring ongoing compliance with Solvency II and other applicable regulatory standards.

Key Responsibilities

• Lead and manage the teams responsible for regulatory capital calculations and submissions (including SCR, validation reporting and associated governance)
• Internal model development, maintenance and ongoing validation
• Maintain, develop and enhance the internal capital model so that it continues to appropriately reflect the risk profile and business strategy
• Own the regulatory submissions, acting as a key contact for regulators
• Ensure that the internal model, validation framework and capital submissions meet all applicable Solvency II and internal governance standards
• Lead model change, validation and regulatory approval processes, including preparation for regulatory reviews
• Develop and embed robust model governance, documentation and controls
• Build and maintain strong working relationships with Risk, Finance, Underwriting and Compliance teams

Other Responsibilities

• Develop a understanding of the business and risk profile to enhance the quality and relevance of capital analysis
• Coach, develop and performance-manage team members, creating a strong pipeline of actuarial talent
• Drive continuous improvement in modelling, validation and reporting processesEnsure compliance with relevant policies, procedures and regulatory requirements

Personal Specification

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 insurance industry advantageous
• Data analysis and research

Aptitude and Disposition

• Outcome focussed, 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 starterWillingness to learn
• Analytical thinking
• Problem solver
• Team work
• Initiative
• Integrity
• Accuracy

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