Job description and person specification
Job Title: Lead Innovation/Research Actuary
Division: Finance – Group Actuarial & Strategic Finance
Reports To: As per Beazley’s organisation chart
Key Relationships: Underwriters and business managers, Beazley actuaries, Claims managers, Data Management and Ceded Reinsurance teams, Lloyd’s, external actuaries and auditors.
Job Summary
The purpose of the analytics team is to create business value by providing tools and insights that enhance decision making and strategy across the organisation. You will work closely with business stakeholders to translate strategic challenges into clearly defined analytical questions and deliver robust, insight-led solutions. Your primary focus will be on researching and developing new approaches, techniques and data sources to enhance analytical capability, strengthen existing solutions, and differentiate Beazley’s offering in the market.
Key Responsibilities
Technical
* Work collaboratively with business teams and analytics colleagues to develop analysis, tools and insights that inform strategy and improve decision making
* Research and develop innovative approaches to address problems and opportunities across underwriting, claims, analytics and pricing
* Partner with external data providers to evaluate and unlock value from new datasets, metrics and rating factors
* Lead initiatives to embed successful innovations into scalable tools, models and business processes
* Bring together cross‑functional teams (data science, data engineering and business stakeholders) to deliver high‑quality, scalable solutions that maximise business value
* Contribute to the development of frameworks and pipelines that ensure analytics outputs are robust, repeatable and integrated into business processes
* Work with the data organisation to ensure clear, consistent data requirements and avoid duplication, rework or fragmented outputs
* Maintain strong engagement with stakeholders, supporting understanding and adoption of analytics, and promoting effective use of outputs
* Build and maintain effective working relationships across key stakeholder groups, maintaining continuous feedback loops
* Support team delivery by contributing to broader objectives and providing guidance to team members
* Mentor and develop junior colleagues to build technical capability and strengthen team performance
* Act as a trusted technical advisor to underwriters and management on pricing analytics and related topics
* Stay informed of industry developments, emerging techniques and regulatory changes
* Maintain professional development, including actuarial CPD and relevant technical training
General
It is important that within all your interactions both internally and externally you adhere Beazley’s core values – Being Bold, Striving for Better, and Doing the Right Thing as they contribute to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
We also expect Beazley employees to:
* 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 Culture & People 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 Culture & People 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
Essential Criteria
* Qualified actuary (FIA, FCAS or equivalent) or similar with relevant insurance experience
* Proven ability to apply actuarial and/or data science techniques to deliver commercially impactful insights
* Experience translating business problems into analytical solutions that influence decision making
* Strong programming capability (e.g. Python, R, SQL) and experience working with complex datasets
* Track record of delivering end‑to‑end analytical work, from concept through to implementation
* Ability to work effectively across business and technical teams, including senior stakeholders
* Strong communication skills, with the ability to explain technical concepts clearly
* Commercially focused, with the ability to manage multiple priorities in a fast‑paced environment
Education and Qualifications
* University degree in Mathematics or related field
* Actuarial qualification (FIA, FCAS or equivalent)
Skills and Abilities
* Strong commercial awareness and financial acumen
* Proficient in MS Excel, VBA, SQL, R, Python and Power BI
* Excellent analytical capability with strong attention to detail and accuracy
* Clear and effective verbal and written communication skills
* Able to work independently while contributing effectively as part of a team
* Strong organisational skills, with the ability to manage multiple priorities and meet deadlines
Knowledge and Experience
* Actuarial experience within the insurance industry; pricing experience preferred, though reserving or capital backgrounds are also relevant
* Familiarity with the Lloyd’s market advantageous
* Strong grounding in actuarial techniques
* Understanding of reinsurance concepts
* Exposure to data science techniques beneficial
* Experience managing or developing others preferred
Aptitude and Disposition
* Outcome‑focused, self‑motivated, adaptable and delivery‑oriented
* Credible and confident, with the ability to influence senior stakeholders
Competencies
* Strong communication skills
* Excellent stakeholder management and relationship‑building
* Strong focus on delivering business value and impact
* Analytical and structured thinking
* High levels of ownership, integrity and accountability
* Attention to detail balanced with a pragmatic, solution‑oriented mindset
* Innovative and continuously seeking improvement
Rewards
* The opportunity to connect and build long‑lasting professional relationships while advancing your career with a growing, global organization
* Attractive base compensation and discretionary performance related annual bonus
* 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 (prorated for 1st calendar year of employment), plus public holidays, with the ability to flex the religious bank holidays to suit your religious beliefs, subject to approval. Additional annual leave purchase is also 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 and 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 related to furthering education
* Smart working policy and flexible working culture, trusting our employees to do what works best for them, their role and the needs of the business
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