General
Job Description And Person Specification
Job Title: Capital Management Specialist
Division: Finance
Reports To: Head of Capital Management
* Key Relationships: Wider finance team, internal and outsourced investment providers, banks, outsource service providers, external auditors, senior management, actuarial/capital modelling team, risk, managing agents, rating agencies.
* Job Summary: Be a key member of the Capital Management Team, including supporting team members, with a focus on customer service to provide best in class service.
* Lead team development, appraisal and objective setting. Identify development areas and provide training support.
* Provide support to the Head of Capital Management and Capital Management team for managing certain group finance activities with a focus on capital/debt management.
* Production and review of Group capital surplus forecast and capital papers for group and other entities.
* Work closely with capital modelling teams to develop in-depth understanding of capital requirement setting/forecasting processes.
* Production of analysis and reports to facilitate with capital management decisions at Exec and Board level.
* Manage and review certain group and syndicate capital management activities
* Responsible for smooth running of capital management reporting and day to day operations.
* Responsible for external stakeholder management which includes members agents, credit rating agencies and corporate member outsourced service providers.
* Provide support to the Head of Capital Management and lead in activities relating to projects the Capital Management team and/or other ad-hoc requests as and when required.
* Maintain, document, adhere, review and implement internal controls, process and policy relevant to the Capital Management team. Identify, propose and deliver process and control enhancements to ensure continuous improvement.
Key Responsibilities
Capital Management
* Work closely with the Head of Capital Management for production and review of group capital forecast, analysis for the reporting of the group (and entities) capital position as inputs into the CFO and Board reports.
* Support the Head of Capital Management with the preparation of papers for board meetings, audit committees and ad hoc boards.
* Prepare and present strategic papers and recommendations to senior management and board-level committees, ensuring clarity, alignment, and informed decision-making.
* Oversee fungibility and local entity risk appetites, ensuring compliance with local and group risk appetite statements.
* Engage with local entity management teams to align capital planning and fungibility assessments with group-level strategy and risk appetite.
* Drive continuous improvement in capital reporting, governance, and analytics.
* Monitor and manage capital adequacy, including stress testing and scenario analysis.
* Work closely with Head of Capital Management with capital raising initiatives and financing activities when required.
* Review information and analysis for submission to credit rating agencies to maintain the corporate ratings; assist in preparation of materials for annual meeting with agencies.
* Work closely with external and internal audit. Managing the delivery of the CAS list in conjunction with ad hoc query resolution.
* Review and manage the Coming Into Line process and ensure FAL funding meeting Lloyd's requirements and timeline.
* Responsible for ensuring the maintenance of the debt and credit facility programmes. Oversee the monitoring and reporting of compliance of financial covenants and obligations.
Project work and activities
* Lead from a Capital Management perspective on Controls, Intercompany, Modernisation and other business/strategic initiatives ensuring relevant requirements are fully met.
* Lead in providing support from a Capital Management perspective on business/strategic initiatives ensuring relevant requirements are fully met.
General
At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley's core values and behaviours - PIED and Being Beazley.
* Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
* 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 Talent Management development 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 Talent Management 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 Accountant (ACA/ACCA/CIMA)
* Lloyd's Syndicates/Insurance/Solvency II/capital management experience
* Experience of designing processes and managing controls
Education And Qualifications
* University degree in any discipline
* Previous experience in financial services settings essential
* General commercial and financial knowledge necessary
Knowledge And Experience
* Experience in presenting to senior stakeholders and influencing decision-making
* Analytical mindset with ability to interpret complex financial and risk data.
* Previous managerial experience (preferable)
Aptitude and Disposition
* Concern for quality and accuracywith high attention to detail
* Proactive in finding ways to enhancing knowledge/expertise & skills in areas relevant to the role
* Achievement drive and outcome focused
* "Risk base and internal controls" mindset
* Professional and collaborative approach
* Positive "can do" attitude and self-motivated mindset
* Demonstrate the ability to recommend, lead and engage in all team's activities
* Actively and enthusiastically driving change and motivating others
* A proactive customer service oriented attitude to meet and interpret the business's needs
* Creative with ability to develop and implement new ways of thinking
* Willingness to cross train and share knowledge
* Keen to take on new challenges seeking experience in different areas
* Strong desire to undergo further training/obtain qualification relevant to the role
Skills, Abilities And Competencies
* Technical accounting skills (UK GAAP and IFRS)
* Problem solver with exceptional influential, analytical and reconciliation skills
* Able to work under pressure meeting and strong prioritisation and organisation skills
* Excellent MS working knowledge and strong IT application knowledge
* Familiarity with working with general ledger application
* Strong interpersonal and analytical skills to effectively communicate with and be able to work with other finance teams collaboratively