Lead Innovation/Research Actuary - 6 Month FTC
Job Description
General Job description and person specification Job Title: Lead Innovation/Research Actuary Division: Finance – Group Actuarial & Strategic Finance Reports To: As per Beazley’s organisation chart Key Relationships: Underwriters and business managers, Beazley actuaries, Claims managers, Data Management and Ceded Reinsurance teams, Lloyd’s, external actuaries and auditors
Job Summary: The purpose of the analytics team is to create business value by providing tools and insights that enhance decision making and strategy across the organisation
You will work closely with business stakeholders to translate strategic challenges into clearly defined analytical questions and deliver robust, insight-led solutions
Your primary focus will be on researching and developing new approaches, techniques and data sources to enhance analytical capability, strengthen existing solutions, and differentiate Beazley’s offering in the market Key Responsibilities Technical Work collaboratively with business teams and analytics colleagues to develop analysis, tools and insights that inform strategy and improve decision making Research and develop innovative approaches to address problems and opportunities across underwriting, claims, analytics and pricing Partner with external data providers to evaluate and unlock value from new datasets, metrics and rating factors Lead initiatives to embed successful innovations into scalable tools, models and business processes Bring together cross-functional teams (data science, data engineering and business stakeholders) to deliver high-quality, scalable solutions that maximise business value Contribute to the development of frameworks and pipelines that ensure analytics outputs are robust, repeatable and integrated into business processes Work with the data organisation to ensure clear, consistent data requirements and avoid duplication, rework or fragmented outputs Maintain strong engagement with stakeholders, supporting understanding and adoption of analytics, and promoting effective use of outputs Build and maintain effective working relationships across key stakeholder groups, maintaining continuous feedback loops Support team delivery by contributing to broader objectives and providing guidance to team members Mentor and develop junior colleagues to build technical capability and strengthen team performance Act as a trusted technical advisor to underwriters and management on pricing analytics and related topics Stay informed of industry developments, emerging techniques and regulatory changes Maintain professional development, including actuarial CPD and relevant technical training 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." We also expect Beazley employees to: 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: Essential Criteria Qualified actuary (FIA, FCAS or equivalent) or similar with relevant insurance experience Proven ability to apply actuarial and/or data science techniques to deliver commercially impactful insights Experience translating business problems into analytical solutions that influence decision making Strong programming capability (e.g
Python, R, SQL) and experience working with complex datasets Track record of delivering end-to-end analytical work, from concept through to implementation Ability to work effectively across business and technical teams, including senior stakeholders Strong communication skills, with the ability to explain technical concepts clearly Commercially focused, with the ability to manage multiple priorities in a fast-paced environment Education and Qualifications University degree in Mathematics or related field Actuarial qualification (FIA, FCAS or equivalent) Skills and Abilities Strong commercial awareness and financial acumen Proficient in MS Excel, VBA, SQL, R, Python and Power BI Excellent analytical capability with strong attention to detail and accuracy Clear and effective verbal and written communication skills Able to work independently while contributing effectively as part of a team Strong organisational skills, with the ability to manage multiple priorities and meet deadlines Knowledge and Experience Actuarial experience within the insurance industry; pricing experience preferred, though reserving or capital backgrounds are also relevant Familiarity with the Lloyd’s market advantageous Strong grounding in actuarial techniques Understanding of reinsurance concepts Exposure to data science techniques beneficial Experience managing or developing others preferred Aptitude and Disposition Outcome-focused, self-motivated, adaptable and delivery-oriented Credible and confident, with the ability to influence senior stakeholders Competencies Strong communication skills Excellent stakeholder management and relationship-building Strong focus on delivering business value and impact Analytical and structured thinking High levels of ownership, integrity and accountability Attention to detail balanced with a pragmatic, solution-oriented mindset Innovative and continuously seeking improvement Who We Are: Beazley is a specialist insurance company with over 30 years’ experience helping people, communities and businesses to manage risk all around the world
Our mission is to inspire our clients and people with the confidence and freedom to explore, create and build – to enable businesses to thrive
Our clients want to live and work freely and fully, knowing they are benefitting from the most advanced thinking in the insurance market. Our goal is to become the highest performing sustainable specialist insurer
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 have a wonderful mix of cultures, experiences, and backgrounds at Beazley with over 2,000 of us working around the world. Employee’s diversity, experience and passion allow us to keep innovating and moving forward, delivering the best
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 is big on collaboration, diversity of thought and personal accountability
Our three core values inspire the way we work and how we treat our people and customers
Be bold Strive for better Do the right thing Upholding these values every day has enabled us to become an innovative and responsive organization in touch with the changing world around us – our ambitious inclusion & diversity and sustainability targets are testament to this
We are a flexible and innovative employer offering a friendly, collaborative, and inclusive working environment
We actively encourage and expect applications from all backgrounds
Our commitment to fostering a supportive and dynamic workplace ensures that every employee can thrive and contribute to our collective success
Explore a variety of networks to assist with professional and/or personal development
Our Employee Networks include: Beazley RACE - Including, understanding and celebrating People of Colour Beazley SHE - Successful, High potential, Empowered women in insurance Beazley Proud - Our global LGBTQ+ community Beazley Wellbeing - Supporting employees with their mental wellbeing Beazley Families - Supporting families and parents-to-be Beazley Neurodiversity - Great minds don’t think alike We encourage internal career progression at Beazley, giving you all the tools you need to drive your own career here, such as: Internal Pathways (helping you grow into an underwriting role) iLearn (our own learning & development platform) LinkedIn Learning Mentorship program External qualification sponsorship Continuing education and tuition reimbursement Secondment assignments The Rewards The opportunity to connect and build long-lasting professional relationships while advancing your career with a growing, global organization Attractive base compensation and discretionary performance related annual bonus Private medical insurance coverage for both you and your dependents Company paid life assurance and long term disability insurance Pension with 10% employer contribution, plus a further matched contribution up to 2.5% 25 days of annual leave (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval
Additional annual leave purchase is also available up to a maximum of five additional days per year
Up to 2.5 days matched paid leave for volunteering at a charity of your choice and 5 days paid leave to provide or arrange care for a dependent with a long term care need annually Up to £550 reimbursement towards home office setup Free in-office lunch and monthly lifestyle allowance Monthly travel allowance or annual season ticket The opportunity to save for, and purchase, shares of Beazley stock Six months fully paid parental leave, regardless of how you come to parenthood Company paid sabbatical up to 12 weeks after 10 years of continued service Support with exam/study leave and fees for relevant qualifications related to furthering education Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business