IFRS17 Assistant Actuary

IFRS17 calculation modelling, derivation and review of assumptions and performing IFRS17 calculations for Beazley

Key Responsibilities: 

Technical

• Perform (as required) the quarterly IFRS17 calculations for Beazley Group
• Derive and/or review (as appropriate) assumptions used within the calculation
• Perform the necessary reconciliation checks to provide assurance on the IFRS17 calculation outputs
• Contribute to reporting the results of IFRS17 calculations and analyses to the relevant stakeholders and committees
• Maintain the calculation engine so that it reflects Beazley’s current interpretation of the IFRS17 standard and associated processes
• Support the work of the IFRS17 programme as required

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

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.  Undertake 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
• Progressing towards an actuarial qualification

Skills and Abilities

• General commercial and financial knowledge
• Competent user of MS Excel; VBA, Access, SQL, SAS, WPS and R skills desirable
• 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

• Reserving experience within the Lloyd’s market desirable
• Knowledge of IFRS17 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