General:
Job description and person specification
Job Title: Lead Actuary - IFRS17
Division: Finance
Reports To: Head of Actuarial for IFRS 17
Key Relationships: IFRS 17 Actuarial team, Actuarial Reserving/Reporting and Group Actuarial, Finance, Data and Ceded Reinsurance teams, Claims managers, Underwriters and business managers, Lloyd’s, external actuaries and auditors.

JOB SUMMARY:

Responsibility for the day-to-day management of the actuarial team responsible for the calculation engine of Beazley’s IFRS17 Valuation. Providing leadership in relation to the ongoing improvement of IFRS 17 processes, governance, analytics and reporting.

EDUCATION AND QUALIFICATIONS

• University degree in Mathematics or related field
• Qualified Actuary preferred.

SKILLS AND ABILITIES

• General commercial and financial knowledge
• Experienced user of MS Excel; VBA and Access/SQL skills desirable
• Reserving and IFRS17 Technical knowledge; Solvency 2 Technical Provision knowledge would be beneficial
• Strong analytical skills with attention to detail; accurate and numerate
• Ability to communicate effectively both verbally and in writing with stakeholders at all levels
• Ability to manage a high performing team as well as able to work on own initiative
• Ability to manage time, meet deadlines and prioritise
• Ability to inspire and motivate a high performing team

KNOWLEDGE AND EXPERIENCE

• Reserving and IFRS17 experience; Lloyd’s market knowledge desirable
• Detailed knowledge of actuarial valuation techniques, including those used within pricing and capital modelling
• Detailed knowledge of reinsurance and its impact on reserving
• People management experience preferred
• Psicle experience highly advantageous

COMPETENCIES

• Achievement orientation
• Problem solving
• Analytical thinking
• Conceptual thinking
• Information seeking
• Customer focus
• Team working
• Initiative
• Using expertise
• Integrity
• Impact and influence

• Oversee all aspects of actuarial assumptions required for the IFRS17 calculations
• Oversee all actuarial aspects of IFRS17 Reporting & Analytics
• Ensure governance around actuarial IFRS17 processes is maintained with clear responsibilities set within the Actuarial team
• Liaise effectively with other Finance stakeholders on IFRS17 actuarial matters
• Coordination, planning and delivery of all actuarial calculations performed by the IFRS17 Calculation Engine
• Technical expertise in the IFRS 17 calculation engine and support implementation and testing of any changes
• Identify and implement IFRS17 process improvements and future requirements
• Ensure the necessary documentation is maintained for the various tools used for the IFRS17 calculations within Group Actuarial
• Ensure team delivers on ad-hoc projects assigned to them
• Build and maintain constructive working arrangements with those groups identified as being key to your role
• Be a technical expert on the relevant actuarial aspects of IFRS17
• Identify opportunities and deliver improvements in the IFRS17 valuation processes and methodologies
• Keep abreast of industry best practice, new initiatives, and changes in regulatory requirements
• Supporting junior team members in their learning and development as well as delegation and workflow planning in the delivery of the above responsibilities.
• Undertake applicable professional, technical and career development training (delivered internally and externally)