A leading international organization is seeking a highly skilled Lead Project Reserving Actuary to join their Actuarial Reserving team. This role offers an opportunity to lead complex actuarial projects, represent the team on group-wide initiatives, and contribute to strategic business decision-making. You will manage relationships with auditors, external actuaries, and key stakeholders, while also mentoring junior team members. This is a fantastic opportunity for an experienced actuary to make a significant impact in a dynamic and collaborative environment.

Key Responsibilities

Technical

Lead Actuarial Projects: Oversee projects undertaken by the Actuarial Reserving team, ensuring successful delivery and alignment with business objectives.
Group-Wide Collaboration: Represent the Actuarial Reserving team on cross-functional initiatives, ensuring key actuarial considerations are integrated into group projects.
Stakeholder Management: Manage relationships with auditors and external actuaries, ensuring robust analysis and challenging key assumptions.
Reinsurance & Loss Development: Lead the calculation of group reinsurance covers and the construction of loss development triangles for reporting and accounts.
Performance Analysis: Lead Performance Related Pay (PRP) analysis, providing valuable insights to senior management.
Mentorship & Quality Assurance: Provide support, guidance, and mentoring to assistant reserving actuaries, ensuring the quality of their work and contributing to their professional development.
Technical Expertise: Become a trusted advisor for management on reserving and related matters, offering insights and recommendations.
Continuous Improvement: Identify opportunities for improvements in valuation processes and methodologies, driving efficiency and best practices.

General

Core Values: Uphold Beazley’s core values—Professionalism, Integrity, Effectiveness, and Dynamic (PIED)—in all internal and external interactions.
Compliance: Ensure adherence to Beazley’s procedures, policies, and regulations, including completing necessary training on compliance, risk, and internal audit requirements.
Customer Focus: Ensure all customer interactions deliver fair outcomes and meet customer needs effectively.
Additional Responsibilities: Carry out additional tasks as outlined by your line manager, including participation in Beazley committees and working groups.

Personal Specification

Education & Qualifications

Degree: University degree in Mathematics or a related field.
Professional Qualification: Fully qualified actuary (FIA or equivalent).

Skills & Abilities

Commercial Knowledge: General understanding of commercial and financial markets.
Technical Proficiency: Experience with ResQ reserving software is desirable, along with competence in MS Excel. Knowledge of VBA, Access, SQL, SAS, WPS, R, and Python is beneficial.
Analytical Skills: Strong attention to detail, with the ability to deliver accurate and numerate insights.
Communication: Effective verbal and written communication skills, capable of explaining complex concepts to non-technical stakeholders.
Teamwork & Independence: Ability to work well within a team as well as manage tasks independently.
Time Management: Strong organizational skills with the ability to handle multiple tasks simultaneously and meet deadlines.

Knowledge & Experience

Reserving: Significant experience in actuarial reserving, with Lloyd’s market knowledge being a desirable asset.
Solvency II: Familiarity with technical provisions under Solvency II is preferred.
Reinsurance: Strong understanding of reinsurance structures and their impact on actuarial analysis.
Project Management: Experience managing actuarial projects and leading cross-functional teams.

Aptitude & Disposition

Self-Motivated: A flexible, enthusiastic, and outcome-driven individual.
Professionalism: Ability to interact with internal and external stakeholders with professionalism and integrity.

Benefits

Career Development: Continuous training and professional development opportunities.
Collaborative Environment: Work with a dynamic team in a supportive and engaging workplace.
Hybrid Working: Flexible work options, with the possibility of working remotely and occasional office visits.

This role offers an exciting opportunity for a qualified actuary to take on a leadership role within a global organization, driving actuarial excellence and contributing to the company’s continued success.

Lead Project Reserving Actuary