Actuary for Cyber and Executive Risk Pricing

Job Title: Actuary for Cyber and Executive Risk Pricing Division: Finance - Actuarial Reports To: Lead Pricing Actuary - Cyber & Executive Risks Key Relationships: Underwriters, business managers, Beazley actuaries, claims managers, data management and ceded reinsurance teams, regulators, external actuaries, brokers. Job Summary: This role focuses on actuarial pricing for the Cyber Risks Division and Executive Risks classes within the Specialty Risks Division at Beazley. Key Responsibilities: Technical Provide essential pricing support to the Cyber & Executive Risks underwriting teams, which includes: Developing pricing tools that assist with estimating price adequacy and rate changes. Conducting portfolio and transactional pricing analyses. Executing segmental and trend analyses. Monitoring performance through metrics such as rate changes and price adequacy. Developing, maintaining, and reviewing pricing models to meet required standards. Contributing to the preparation of reports for key committees as necessary. Offering training to underwriters on technical pricing and rate change requirements. Understanding and supporting underwriting controls related to pricing and applicable regulatory principles. Applying the pricing quality assurance process effectively. Assisting with additional projects undertaken by the actuarial team, such as liability transfer valuations and business planning analyses. Fostering teamwork by collaborating with colleagues to achieve overall team and business objectives. Enhancing your technical pricing skills and experience. Providing support and mentoring to junior team members. Staying updated on industry best practices, new initiatives, and changes in regulatory requirements. Building constructive working relationships with key stakeholders. Collaborating with underwriters, exposure management, claims managers, and data teams to ensure quality data usage for pricing while capturing necessary data from pricing tools for future enhancements. Maintaining pricing model documentation regularly and obtaining appropriate managerial sign-offs. Identifying and contributing to enhancements in pricing processes and methodologies. Engaging in professional training for technical and career development, including pursuing actuarial qualifications where applicable. General Expectations: In all interactions, please adhere to Beazley’s core values: Being Bold, Striving for Better, and Doing the Right Thing. Additionally, all employees are expected to: Comply with Beazley procedures, policies, and regulations, including the code of conduct. Participate in training on policies and procedures provided by your line manager or assurance teams. Uphold business ethics that prioritize customer interests. Ensure all customer interactions aim at delivering fair outcomes, with appropriate products for their needs. Comply with specific responsibilities outlined by management, including underwriting and claims control standards. Take on additional responsibilities as individually assigned. Personal Specification: Essential Criteria: Actuarial qualification. Experience in pricing, with specialty (re)-insurance market knowledge preferred. Strong grasp of actuarial/statistical techniques for pricing purposes. Understanding of reinsurance and capital as related to pricing. Education and Qualifications: University degree in Mathematics or a related field. Skills and Abilities: General knowledge of commercial and financial principles. Proficiency in MS Excel; skills in VBA, Access, Python, SQL, and R are advantageous. Strong analytical skills with attention to detail; accuracy and numeracy are critical. Effective communication skills, both verbal and written. A collaborative team player, capable of working independently. Ability to manage time efficiently, meet deadlines, and prioritize tasks. Aptitude and Disposition: Self-motivated, flexible, enthusiastic, and focused on outcomes. Professional demeanor for effective interactions with team members and stakeholders. Competencies: Achievement and solution-focused. Analytical mindset. Information-seeking behavior. Stakeholder focus. Proactive and initiative-driven. Integrity-driven. Accountable and responsible. Detail-oriented. Who We Are: Beazley is a specialist insurance company with over 30 years of experience enabling individuals, communities, and businesses to manage risks globally. Our mission is to inspire clients and staff with confidence and freedom, facilitating robust business operations. We aim to be the highest-performing sustainable specialist insurer with a diverse product lineup, including cyber & tech insurance, marine coverage, healthcare, and contingency plans. Our Culture: At Beazley, we embrace a rich blend of cultures, experiences, and backgrounds among our 2,000 team members worldwide. Our ‘family-feel’ environment encourages collaboration and accountability, valuing innovative and diverse thoughts. Our core values, which are central to our work approach, are: Be bold Strive for better Do the right thing These values drive our innovations and responsiveness, influencing our ambitious goals related to inclusion, diversity, and sustainability. We pride ourselves on being a flexible and innovative employer that fosters a friendly, collaborative, and inclusive workplace, encouraging applications from various backgrounds. Our supportive environment empowers every employee to thrive and contribute to our collective success. You’ll find various networks to aid your professional and personal development, including: Beazley RACE - Understanding and celebrating People of Colour Beazley SHE - Empowering women in insurance Beazley Proud - Our global LGBTQ+ community Beazley Wellbeing - Supporting mental health Beazley Families - Assisting families and parents-to-be Career Development: We emphasize internal career progression by providing essential tools for personal growth, including: Internal Pathways to evolve into an underwriting role iLearn - our learning & development platform LinkedIn Learning access Mentorship programs External qualification sponsorship Tuition reimbursement and continuing education Secondment assignments The Rewards: Opportunity for professional relationship building while advancing in a global organization. Competitive base salary plus a discretionary performance-related annual bonus. Comprehensive private medical insurance for you and your dependents. Company-funded life assurance and long-term disability insurance. Pension plan with a 10% employer contribution, plus matched contributions up to 2.5%. 25 days of annual leave (prorated for the first year), alongside public holidays, with flexibility for religious observances, subject to approval. Additional leave purchase options are available. Up to 2.5 days of matched paid leave for charitable volunteering and five days of paid leave to care for a dependent with long-term care needs annually.

Created: 2026-03-08