Lead Reporting Actuary

General

Job Description And Person Specification

Job Title: Lead Reporting Actuary

Reports To: As per Beazley’s organisation chart

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

Job Summary: Actuarial SII technical provisioning for Beazley

Key Responsibilities

Technical

• Own and enhance areas of the Solvency II technical provisions process, for quarterly and annual reporting.
• Understand and effectively communicate the drivers of movements in Solvency II technical provisions, including writing reports on a quarterly basis to explain movements to senior stakeholders
• Perform (as required) the quarterly technical provisions valuations, validations, and reporting requirements, adhering to the required standards and ensuring technical provisions deliverables are met
• 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

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

 

Knowledge And Experience

• Proven reserving experience; Lloyd’s market knowledge desirable
• Good knowledge of technical provisions for Solvency UK, Solvency II and Bermuda Monetary Authority (BMA) preferred
• 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
• Analytical
• Information seeking
• Stakeholder focus
• Using initiative
• Having integrity
• Taking responsibility
• Being reliable
• Attention to detail