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  • 2 weeks ago

jobs description

General

Job description and person specification

Job Title: Assistant Reserving Actuary

Division: Finance - Actuarial

Reports To: As per Beazley’s organisation chart

Location: United Kingdom

Office Locations: Flexible

Key Relationships:  Beazley actuaries, Finance, Data Management and Ceded Reinsurance teams, Claims managers, Underwriters and business managers, external actuaries/auditors.

Description

Beazley: Beazley is a specialist insurance company with over 30 years’ experience helping people, communities, and businesses to manage risk all around the world. Our products are wide ranging from cyber to marine, healthcare, financial institutions, and contingency, covering risks like the weather, film production or protection from deadly weapons.

We are a flexible and innovative employer offering a friendly, collaborative, diverse and inclusive work environment. We encourage applications from all backgrounds. We empower people to choose where to work given the work that... needs to be done. Collaboration in office spaces is important but we do not mandate a set number of days in the office or from home – you decide what works best for you and the role you are in.

We have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 1500 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best. We hire people with wide perspectives, and we have set bold diversity targets as we work towards excellence.

Job Summary:  The successful candidate will support actuarial reserving, forecasting and perform ad hoc analysis as required

General

It is important that within all your interactions both internally and externally you adhere to 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. We also expect Beazley employees to:
• Comply with Beazley procedures, policies and regulations including the code of conduct.
• 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.

Key Responsibilities

Technical
• Perform (as required) the quarterly reserving and trust fund valuations for Specialty Risks, Cyber Risks, Property or MAP Risks classes of business
• Maintain evidence of valuation assumptions, perform the necessary reconciliation checks to provide assurance on the valuation outputs
• Contribute to reporting the results of actuarial valuations and analyses to the relevant stakeholders and committees
• Work with the reserving actuaries on the calculation and communication of reserve uncertainty/ranges
• Work with the Finance, Data Management and Ceded Reinsurance teams to produce and reconcile the data for the valuation processes
• Contribute to the maintenance of reserving 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 projects undertaken by the actuarial team e.g. M&A and business planning analyses
• Build and maintain constructive working arrangements with those groups identified as being key to your role
• Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives
• Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
• Contribute to improving the valuation processes and methodologies
• Undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required.

Personal Specification

Education and Qualifications
• University degree in Mathematics or related field
• Progressing towards an actuarial qualification

Skills And Abilities
• General commercial and financial knowledge
• Experience with ResQ reserving software preferable
• Competent user of MS Excel; VBA, Access, SQL, SAS, WPS and R skills 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
• Reserving experience; Lloyd’s market knowledge desirable
• Command of basic actuarial techniques
• Understanding of reinsurance

Aptitude and Disposition
• Outcome focused, self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with team members and stakeholders
• Diplomatic
• Independently minded

Competencies
• Achievement and solution focused
• Information seeking
• Stakeholder focus
• Using initiative
• Having integrity
• Taking responsibility
• Being reliable
• Attention to detail

Person Specifications

London United Kingdom

salary-criteria

Apply - Assistant Reserving Actuary London