Pricing Actuary

• Provide pricing support to the Cyber & Executive Risks underwriting teams
• Developing pricing tools that support the estimation of price adequacy and rate change
• Performing portfolio and transactional pricing analyses
• Performing segmental and trend analyses
• Performance monitoring
• Develop, maintain and review pricing models to the required standards
• Contribute effectively to the production of the relevant reports required for any key committees
• 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
• Operate as an effective team member by supporting colleagues
• Build your technical pricing skills and experience
• Provide support and mentoring to the junior members of the team
• Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
• Build and maintain constructive working arrangements with key groups
• 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
• Maintain pricing model documentation with required frequency
• Identify opportunities and contribute to delivering improvements in the pricing processes and methodologies
• Undertake professional, technical and career development training
• Comply with Beazley procedures, policies and regulations
• Undertake training on Beazley policies and procedures
• Display business ethics that uphold the interests of all our customers
• Ensure all interactions with customers are focused on delivering a fair outcome
• Comply with any specific responsibilities necessary for your role
• Carry out additional responsibilities as individually notified

• Actuarial qualification
• Pricing experience
• with specialty (re)-insurance market knowledge desirable
• 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
• 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, meet deadlines and prioritise
• Outcome focused, self-motivated, flexible and enthusiastic
• Professional approach to successfully interact with team members, internal and external stakeholders
• Achievement and solution focused
• Analytical
• Information seeking
• Stakeholder focus
• Using initiative
• Having integrity
• Taking responsibility
• Attention to detail

VBA, Access, Python, SQL and R skills desirable

• 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, plus public holidays, with the ability to flex the religious bank holidays
• Additional annual leave purchase 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
• 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
• Smart working policy and flexible working culture