Risk Manager - Insurance and Financial Risk - 12 Month FTC Job at Social Value Portal Ltd (London)

Job Description

The role will support a range of risk management activities, with a particular focus on the North American platform's insurance and financial risks. This will involve writing risk reports and analysis (including the US Own Risk and Solvency Assessment - ORSA), underwriting and statutory business planning, product development, providing review and challenge of first line processes (including through risk and control self-assessments - RCSAs), risk appetite, providing risk opinions on specific risk areas, supporting with technical provisions validation, as well as supporting the risk team with the delivery of the wider risk management framework.

Job Responsibility

Provide challenge of Beazley's first line processes around insurance and financial risk, including reserving, pricing, capital modelling, business planning, underwriting, outwards reinsurance, exposure management and investments, including supporting with RCSAs
Support the delivery of the US ORSA, particularly sections relating to insurance and financial risks
Perform validation of the technical provisions, including setting annual scope, performing testing and producing reports
Produce risk reporting to Committees, Boards, stakeholders and regulators
Participate in risk management training for key stakeholders
Deliver risk opinions, reviews of key risks and hot topics influencing Beazley North America platform's risk profile
Support annual review of Beazley's risk appetite levels
Participate in governance over North American entity reserves and capital
Maintain strong stakeholder relationships with members of the first line
Investigate insurance and financial risk related risk incidents
Ensure close collaboration with the Global risk team's insurance and financial risk managers
Support with the continued development of the wider risk management framework

Requirements

Experience in insurance / financial risk management or working as a risk actuary would be an advantage for this position
Knowledge of US statutory accounting principles, National Association of Insurance Commissioners (NAIC), Connecticut Insurance Department and Bermuda Monetary Authority regulatory requirements related to certain insurance and financial risks, risk management and actuarial principles
Experience of providing challenge across any of the following areas would be an advantage: reserving, pricing, capital modelling, business planning, underwriting, outwards reinsurance, exposure management and investments
Nearly/newly qualified actuary, although we will consider applicants who don't quite fit this description
Methodical approach to problem solving, with a high attention to detail
Ability to act pragmatically in the face of new challenges and exercise sound judgements based on overall business needs
Excellent interpersonal, communication skills, and ability to tailor communication to both technical and non-technical audiences
Ability to prepare comprehensive well written reports for internal and external stakeholders
Proven project management and organisational skills with track record of delivering projects to strict deadlines
Results oriented, with the energy and determination to succeed in a fast-paced environment
Advanced proficiency in using Microsoft Office
Experience in providing risk challenge to the first line and producing and presenting risk analysis to internal and external stakeholders
Interest in gaining a deeper understanding of insurance and financial risk management in the Lloyd's / London Market
Outcome focussed, self-motivated, agile and flexible
Technically innovative, a problem solver and solution builder
Professional approach to interact successfully with colleagues
Able to work with multi-cultural and multi-location teams
Ability to work closely in a team environment and develop productive working relationships
Willingness to learn and achievement drive

Nice to have

Nearly/newly qualified actuary
Experience in insurance / financial risk management or working as a risk actuary
Experience of providing challenge across any of the following areas: reserving, pricing, capital modelling, business planning, underwriting, outwards reinsurance, exposure management and investments

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Risk Manager - Insurance and Financial Risk - 12 Month FTC

Job Description

Job Responsibility

Requirements

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