Assistant Analytics Actuary

 Working as part of a strong international team, our Assistant Analytics Actuaries work across all our lines of business. Working with Analytics Actuaries, Pricing Actuaries and Data Scientists on analytical projects, you’ll provide actuarial expertise to our market-leading underwriters.

Key Responsibilities:

Technical

• Support the delivery of impactful underwriting analytics to the underwriting committee, including underwriting models, business segmentation, and profitability studies.
• Develop and maintain tools for deriving business intelligence as to provide trends and insightful analyses to stakeholders such as underwriting, claims, pricing, reserving and capital.
• Work with the underwriters, 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 underwriting and claims to enhance future modeling capabilities
• Identify opportunities and deliver improvements in the underwriting and pricing processes & methodologies
• Further develop current market insight and trend analyses produced by the Group Actuarial team
• Support the business planning process across Beazley by bringing together data, analytics, and output from both reserving and pricing, and providing tools to the business to enable their use.
• Conduct exploratory data analysis; build models and clustering analyses via machine learning algorithms.
• Contribute to ad-hoc projects assigned to them e.g. M&A analyses
• Provide support to the business teams and claims managers as required within the pre peer process
• Build and maintain constructive working arrangements with those groups identified as being key to your role
• Operate as an effective team member by contributing to 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); this includes maintaining actuarial CPD

General

At Beazley we are committed to doing the right thing because it is the right thing to do.  It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours – PIED and Being Beazley.  

• Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes 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 Rules. Undertake relevant training on Beazley policies and procedures as delivered by your line manager, the Talent Management development 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 Talent Management 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

• University degree in Mathematics or related field
• Progress towards actuarial qualification (or desire to do so)

Skills and Abilities

• Accurate and numerate
• Computer skills – good working knowledge of MS Office, advanced Excel skills. Good working knowledge of SQL and Python/R preferred.
• Strong analytical skills with attention to detail
• Strong  communication skills are necessary to facilitate working closely with stakeholders across the business
• Team worker as well as able to work on own initiative
• The ability to manage time, meet deadlines and prioritise
• Lateral and creative thinker
• Interest in modelling and data science

Knowledge and Experience

• General commercial and financial knowledge
• Building pricing experience; Lloyd’s / London market knowledge desirable
• Grasp of actuarial / statistical techniques

Aptitude and Disposition

• Outcome focussed, self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with managers/colleagues/external suppliers
• Diplomatic
• Independently minded

Competencies

• Achievement orientation
• Analytical thinking
• Conceptual thinking
• Information seeking
• Customer focus
• Team working
• Using initiative
• Using expertise
• Integrity