Pension Actuary Manage

Pricing Actuary

Finance - Actuarial

Lead Pricing Actuary – Cyber & Executive Risks

Underwriters and business managers, Beazley actuaries, Claims managers, Data Management and Ceded Reinsurance teams, regulators, external actuaries, brokers.

Actuarial pricing for the Cyber Risks Division and the Executive Risks classes (within the Specialty Risks Division) at Beazley.

Provide pricing support to the Cyber & Executive Risks underwriting teams at Beazley; Performing portfolio and transactional pricing analyses

Performing segmental and trend analyses

Performance monitoring (rate change and price adequacy metrics)

Provide training to underwriters in pricing; Understand and support the underwriting controls related to pricing and relevant regulatory principles

Understand and apply the pricing quality assurance process

Assist in other projects undertaken by the actuarial team e.g. liability transfer valuations and business planning analyses

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

Work with the underwriters, exposure management, claims managers, Data Management and Ceded Reinsurance to ensure the quality and appropriateness of the data used for pricing; ensure the necessary data is captured from pricing tools to enhance future pricing capabilities

Undertake professional, technical and career development training (delivered internally and externally); this includes pursuing the actuarial qualification where applicable

It is important that within all your interactions both internally and externally you adhere to 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 which incorporates the PRA and FCA Conduct.

Undertake training on Beazley policies and procedures as delivered by your line manager, the People & Sustainability 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 People & Sustainability 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.

Personal Specification

Actuarial qualification

Firm grasp of actuarial / statistical techniques used in pricing

Understanding of reinsurance and capital with application to pricing

University degree in Mathematics or related field

General commercial and financial knowledge

Competent user of MS Excel; VBA, Access, Python, SQL and R skills desirable

Able to communicate effectively both verbally and in writing

Outcome focused, self-motivated, flexible and enthusiastic

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 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.

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.

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.

Employee Networks

Beazley SHE – Successful, High potential, Empowered women in insurance

Beazley Proud – Our global LGBTQ+ community

Beazley Families – Supporting families and parents‑to‑be

Internal Pathways (helping you grow into an underwriting role)

iLearn (our own learning & development platform)

LinkedIn Learning

Continuing education and tuition reimbursement

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. 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

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

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