General
Job description and person specification
Job Title: Reporting Actuary
Reports To: As per Beazley’s organisation chart
Key Relationships:
Beazley actuaries, Finance, Data Management and Ceded Reinsurance teams, Claims managers, Underwriters and business managers
Job Summary:
Actuarial SII technical provisioning for Beazley, ideal for a candidate who is looking to initial take on a reporting role with opportunities to take greater ownership over time.
Key Responsibilities:
Technical
- Perform (as required) and enhance the quarterly technical provisions valuations and reporting requirements, adhering to the required standards and ensuring technical provisions deliverables are met in a timely manner and to a high standard
- Work as part of a wider team to ensure the appropriate review of technical provisions and reporting requirements occurs prior to external submission and that submissions are made to high standard in a timely manner
- Understand and effectively communicate the drivers of movements in Solvency II technical provisions, including writing reports on a quarterly basis to explain movements to more senior members of the team, senior stakeholders and relevant committees.
- Work, as part of the SII team, on wider internal business planning analyses.
- Contribute to the maintenance of documentation with the required frequency, adhering to the review requirements and obtaining the appropriate sign-offs
- Support the work of external actuaries as required
- Assist in other ad hoc projects undertaken by the actuarial team
- Build and maintain constructive working arrangements with those groups identified as being key to your role
- Become a technical expert and trusted advisor for management on Solvency II technical provisions and related matters
- Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
- Identify opportunities and deliver improvements in the valuation processes and methodologies
- Undertake applicable professional, technical and career development training (delivered internally and externally)
- Work with other reporting teams at Beazley to understand how different sets of accounts are prepared to ensure consistency.
General :
It is important that within all your interactions both internally and externally you adhere Beazley’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 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 Culture & People 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 Culture & People 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:
Education and Qualifications
- University degree
- Hold or have made significant progress towards completing an Actuarial qualification
Skills and Abilities
- General commercial and financial knowledge
- Competent user of MS Excel; VBA, Access, SQL, SAS and R skills desirable
- Experience in analytics/ visualisation tools desirable
- Strong analytical skills with attention to detail; accurate and numerate
- Able to communicate effectively both verbally and in writing
- Team worker as well as able to work on own initiative
- Ability to manage time, work on a number of tasks in parallel, meet deadlines and prioritise
Knowledge and Experience
- Good knowledge of technical provisions for Solvency II preferred
- Reserving experience; Lloyd’s market knowledge desirable
- Knowledge of IFRS 17 desirable
Aptitude and Disposition
- Outcome focused, self-motivated, flexible and enthusiastic
- Professional approach to successfully interact with team members, internal and external stakeholders
Competencies
- Achievement and solution focused
- Ability to embrace change and innovate
- Analytical
- Information seeking
- Stakeholder focus
- Using initiative
- Having integrity
- Taking responsibility
- Attention to detail