OverviewJob Title:

IFRS 17 Actuarial Analyst

Division:

Finance - Actuarial

Reports To:

IFRS 17 Lead Actuary

Key Relationships:

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

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 and tech 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 SummaryWorking as part of the team, own the actuarial elements of the IFRS 17 assumption generation, validation, reporting and analytics for Beazley. Work with wider stakeholders to analyse the calculations and identify and implement process improvements.

Key Responsibilities

Produce the actuarial assumptions required for the IFRS 17 calculations, including the required governance processes.

Run and maintain the quarterly IFRS 17 calculation process.

Perform the necessary reconciliation checks to provide assurance on the calculation outputs.

Work with the lead IFRS 17 actuary on specific investigations as required by leadership.

Contribute to the improvement of the IFRS 17 calculation processes and methodologies.

Contribute to analytics and MI development.

Maintain the necessary documentation for the various tools used in the IFRS 17 calculations within Group Actuarial, adhering to the review requirements and obtaining the appropriate sign-offs.

Assist the delivery of ad hoc projects.

Support the work of external actuaries as required.

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.

Undertake applicable professional, technical and career development training (delivered internally and externally) to include attainment of associated qualifications where required.

GeneralIt 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 and 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 and 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 SpecificationEducation and Qualifications

University degree in Mathematics or related field

Progressing towards or recently achieved actuarial qualification

Skills And Abilities

General commercial and financial knowledge

Competent user of MS Excel; VBA, SQL, Power Query skills desirable

Strong analytical skills with attention to detail; accurate and numerate

Able to communicate effectively both verbally and in writing

Team worker and 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

Knowledge of technical provisions for Solvency II or IFRS 17 preferred

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

Competencies

Achievement and solution focused

Analytical

Information seeking

Stakeholder focus

Using initiative

Having integrity

Taking responsibility

Being reliable

Attention to detail

Job Details

Seniority level: Not Applicable

Employment type: Full-time

Job function: Finance and Sales

Industries: Insurance

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