About the Role
Responsible for the Group’s capital model, ensuring it reflects the risk profile, meets Solvency II standards, and is used to answer business and risk management questions.
Responsibilities
- Maintain and develop the internal model to reflect the risk profile.
- Prepare Internal Model Capital Assessments.
- Utilize the internal model to address business and risk management inquiries.
- Ensure the capital model complies with Solvency II standards.
- Develop business understanding to enhance analysis using internal model output.
- Develop understanding of regulatory approaches for presenting internal model output.
- Comply with relevant Beazley procedures and policies.
Requirements
- University degree, post-graduate preferred, in a quantitative or analytical discipline.
- Part-qualified actuary or willing to undertake actuarial exams; ideally seeking nearly/newly qualified.
- Proven ability in using databases (familiarity with SQL).
- Strong modelling skills.
- Effective communication skills with internal staff and regulators, both verbally and in writing.
- Ability to work both independently and as part of a team.
- General commercial and financial knowledge.
- Ability to manage time, meet deadlines, and prioritize.
- Strong programming skills with exposure to MS Excel 2007, MS Access 2007, and VBA.
- Understanding of statistical concepts and exposure to using statistical software.
- Ability to learn new technologies quickly.
- Professional work experience; exposure to the insurance industry is advantageous.
- Experience in data analysis and research.
- Outcome-focused, flexible, and enthusiastic.
- Interest in helping and educating others.
- Professional approach.
- Keen to interact with various departments in the group.
Skills
- Modelling skills
- Communication skills
- Teamwork
- Time management
- Prioritization
- Programming skills (VBA preferred)
- Information seeking
- Analytical thinking
- Problem solving
- Initiative
- Integrity
- Accuracy
- SQL
- MS Excel 2007
- MS Access 2007
- VBA
- Statistical concepts
- Statistical software
Location
- Remote
- Hybrid
- Onsite
Work Type
- Full-time
- Smart working
- Flexible working
Experience Level
- Part qualified actuary or willing to undertake actuarial exams
- Nearly/newly qualified actuary preferred
- Professional work experience
Education Level
- University degree
- Post-graduate degree preferred
- Quantitative or analytical discipline degree
Salary/Compensations
- Attractive base compensation
- Discretionary performance related annual bonus
Benefits
- Private medical insurance coverage for you and your dependents
- Company paid life assurance
- Company paid long term disability insurance
- Pension with 10% employer contribution
- Pension matched contribution up to 2.5%
- 25 days of annual leave
- Public holidays
- Ability to flex religious bank holidays
- Additional annual leave purchase available
- Up to 2.5 days matched paid leave for volunteering
- 5 days paid leave to provide or arrange care for a dependent
- Up to £550 reimbursement towards home office setup
- Free in-office lunch
- Monthly lifestyle allowance
- Monthly travel allowance or annual season ticket
- Opportunity to save for and purchase Beazley stock
- Six months fully paid parental leave
- Company paid sabbatical up to 12 weeks after 10 years of continued service
- Support with exam/study leave
- Support with fees for relevant qualifications
About the Company
- Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk globally.
- Our mission is to inspire clients and people with the confidence and freedom to explore, create and build, enabling businesses to thrive.
- We aim to be the highest performing sustainable specialist insurer.
- Our products range from cyber & tech insurance to marine, healthcare, financial institutions and contingency.
- We have a diverse workforce of over 2,000 employees worldwide.
- Our culture is family-feel, empowering staff with flexible working, collaboration, diversity of thought, and personal accountability.
- Our core values are: Be bold, Strive for better, Do the right thing.
- We are an innovative and responsive organization committed to ambitious inclusion & diversity and sustainability targets.
- We offer a friendly, collaborative, and inclusive working environment.
- We encourage applications from all backgrounds.
- We offer various networks for professional and personal development, including Beazley RACE, Beazley SHE, Beazley Proud, Beazley Wellbeing, and Beazley Families.
- We encourage internal career progression through Internal Pathways, iLearn, LinkedIn Learning, a Mentorship program, external qualification sponsorship, continuing education and tuition reimbursement, and secondment assignments.
Equal Opportunity
- We actively encourage and expect applications from all backgrounds.
- Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success.
