Job Description

General:
Who We Are


Beazley is a specialist insurance company with over 30 years\xe2\x80\x99 experience helping people, communities and businesses to manage risk all around the world. Our mission is to provide beautifully designed insurance, innovating to give our clients the maximum benefit with minimum hassle.
Our products are wide ranging, from cyber & tech insurance to marine, healthcare, financial institutions and contingency; covering risks such as the weather, film production or protection from deadly weapons.


Our Culture


We employ over 2,000 people globally, hosting a wonderful diversity of cultures, experiences and backgrounds. We are proud of our family-feel culture at Beazley that empowers our staff to work from when and where they want, in an adult environment that\xe2\x80\x99s big on collaboration, diversity of thought & personal accountability.


Our three core values inspire the way we work and how we treat our people & customers \xe2\x80\x93 1) Be bold 2) Strive for better 3) Do the right thing. Upholding these values every day has enabled us to become an innovative and responsive organisation in touch with the changing world around us \xe2\x80\x93 our ambitious I&D & Sustainability targets are testament to this.


We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as iLearn (our own learning & development platform), LinkedIn Learning, our mentorship program and external qualification sponsorship. As a Beazley employee, you also get access to our fantastic array of benefits which include commuting reimbursement, free in-office lunch, six months parental leave and a lifestyle allowance, amongst many others.


Job Title: Reinsurance Capital Actuary


Division: Risk & Capital Management


Key Relationships: Head of Capital. Head of Ceded Re and Reinsurance Steering Committee members. Capital team. Ceded Re team.


Job Summary: To be responsible for using the Group\xe2\x80\x99s internal model to plan and support the Group\xe2\x80\x99s reinsurance purchase (2023 = $1.3B).

Responsibilities:
Key Responsibilities:


To build and implement the process:

• To use the internal model to calculate the return on capital of the Group\xe2\x80\x99s reinsurance.
• To set out options to support the development of the Group\xe2\x80\x99 reinsurance plan.
• To evaluate detailed options during reinsurance placement.
• To evaluate ad hoc reinsurance purchases.
• To report the relevant analysis to the Reinsurance Steering Committee each quarter.
• To ensure that the internal model reinsurance assumptions reflect the risk profile.

Other Responsibilities:

• To develop understanding of the business that will assist producing analysis to use the internal model output
• To develop understanding of the regulatory approaches that will assist presenting internal model output
• To comply with relevant Beazley procedures and policies

Person Specifications:
Personal Specification:


Education and Qualifications

• Qualified actuary

Skills and Abilities

• 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

• Experience of reinsurance analysis desirable. Experience of either/both casualty and catastrophe programmes particularly relevant.
• 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