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 be responsible for the development, maintenance and use of components of the Group’s regulatory capital model, supporting regulatory capital submissions, business planning and internal model use.

Key Responsibilities

• Own and be accountable for modules of the internal capital model, including methodology, implementation, documentation and controls.
• Oversee and review the work of other team members across the capital modelling team, providing guidance, challenge and support on model areas as required.
• Produce and validate model outputs for use in regulatory capital calculations and submissions, including SCR and supporting analysis.
• Support the preparation of regulatory capital submissions, validation reporting and responses to regulatory queries.
• Contribute to internal model change and validation activity and model enhancements.
• Use capital model outputs to support:
  • Business planning processes
  • Risk appetite processes
  • Ad‑hoc analysis for underwriting and management decisions
• Work collaboratively across the capital modelling team and support on other model areas as required.
• Ensure work complies with internal governance, documentation standards and Solvency II requirements.

Other Responsibilities

• Develop a understanding of the business and risk profile to enhance the quality and relevance of capital analysis.
• Drive continuous improvement in modelling, validation and reporting processes.
• Ensure 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 starter.
• Willingness to learn.
• Analytical thinking.
• Problem solver.
• Team work.
• Initiative.
• Integrity.
• Accuracy.

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