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 Regulatory Reporting Team for Beazley  Key Responsibilities: Technical Maintain, update and run the technical provisions process, adhering to the required standards under different bases (Solvency UK, Solvency II, Bermuda Monetary Authority), for quarterly and annual reporting

This includes taking ownership of the end-to-end process, covering data collection, running and updating the underlying code, as well as validating and analysing the technical provisions output

Maintain, update and run the solvency profit model and balance sheet projection tools

Take ownership of year end reporting of solvency data to our regulators

Identify opportunities, enhance areas and deliver improvements in the technical provisions process and methodologies

Understand and effectively communicate the drivers of movements in technical provisions, including writing reports on a quarterly basis to explain movements to senior stakeholders and committees

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

Contribute to the maintenance of documentation with the required frequency, adhering to the review requirements and obtaining the appropriate sign-offs

Peer review colleagues' work to provide quality assurance

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 to the delivery and achievement of overall team and business objectives

Provide support and mentoring to the junior reporting actuaries on the team

Become a technical expert and trusted advisor for management on technical provisions and related matters

Keep abreast of industry best practice, new initiatives and changes in regulatory requirements

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 Essential Criteria University degree in Mathematics or related field Hold or are close to completing an Actuarial qualification Strong background in operating large code bases including the ability to maintain and add to existing code

Knowledge of SAS and SQL is preferred

Previous experience of writing, managing and maintaining code (such as SAS) Good knowledge of technical provisions for Solvency UK, Solvency II and Bermuda Monetary Authority (BMA) preferred; however, we would welcome applications from individuals with other experience within the insurance sector (such as reserving, capital modelling, pricing) Skills and Abilities Strong and competent user of MS Excel General commercial and financial knowledge Experience in analytics/ visualisation tools 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 Previous reserving experience with Lloyd’s market knowledge, desirable Knowledge of IFRS 17, desirable Knowledge of actuarial valuation techniques, including those used within pricing and capital modelling, desirable Understanding of reinsurance and its impact on reserving, 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