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- Tasks: Join our team to develop and price insurance products for new drivers and couriers.
- Company: A leading insurance company in North Shields, specialising in innovative insurance solutions.
- Benefits: Enjoy hybrid work, competitive salary, professional development, and exciting perks.
- Why this job: Kickstart your actuarial career in a supportive environment with hands-on experience.
- Qualifications: Degree in Data Science, Mathematics, or Actuarial Science; internships preferred.
- Other info: Salary increases every 6 months; great team culture.
The predicted salary is between 22000 - 36000 £ per year.
Actuarial Analyst – Pricing (Graduate Programme) Location: North Shields, Newcastle upon Tyne (Hybrid, 2-3 days in office per week, flexible) We are seeking a motivated Entry-Level/Junior Actuarial Pricing Analyst to join our growing team at a leading insurance company based in North Shields, Newcastle upon Tyne . Specializing in new driver, learner, taxi, and courier insurance, we offer a fantastic opportunity for a recent graduate or early-career actuarial professional to gain hands-on experience in pricing models. Key Responsibilities: Assist in the development and pricing of insurance products tailored to new drivers, learners, taxi drivers, and couriers. Collaborate with senior actuaries to analyse data, build pricing models, and assess risks for various insurance segments. Contribute to the preparation and presentation of pricing recommendations. Help maintain and refine actuarial assumptions for both existing and new products. Support pricing strategies to ensure competitive and sustainable pricing models. Ideal Candidate: A degree in Data Science , Mathematics & Statistics , Actuarial Science , or a related field. A Master’s degree in a relevant discipline is preferred. Some experience or internships in an actuarial role (preferably with pricing exposure). Strong proficiency in Excel ; experience with R , Python , or other statistical modeling tools is a plus. A strong interest in the insurance industry, particularly pricing. Excellent analytical and problem-solving skills. Good communication skills with a collaborative mindset. What We Offer: Hybrid work arrangement (2-3 days per week in the office). Competitive salary: £26,000 – £30,000 per year (raising every 6 months). Opportunities for professional development and actuarial exams. Discounts, vouchers and other benefits. A dynamic and supportive team environment. Exposure to various areas of actuarial work. If you’re looking to kickstart your actuarial career in a specialised field, we’d love to hear from you. This is a great opportunity to grow and develop within a forward-thinking insurance company. How to Apply: Please click apply now or send your CV to dan.wotherpsoon@intellectgroup.com #J-18808-Ljbffr
Contact Detail:
Intellect Group Recruiting Team
dan.wotherpsoon@intellectgroup.com
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst - Pricing (Graduate Programme)
✨Tip Number 1
Familiarise yourself with the specific insurance products mentioned in the job description, such as new driver and taxi insurance. Understanding these areas will help you engage in meaningful conversations during interviews and demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your Excel skills, as proficiency in this tool is crucial for the role. Consider taking online courses or tutorials that focus on advanced Excel functions relevant to data analysis and pricing models.
✨Tip Number 3
Network with professionals in the actuarial field, especially those who work in pricing. Attend industry events or join relevant online forums to connect with potential colleagues and gain insights into the company culture and expectations.
✨Tip Number 4
Prepare to discuss your analytical and problem-solving skills in detail. Think of specific examples from your academic or internship experiences where you successfully tackled complex problems, as this will showcase your suitability for the role.
We think you need these skills to ace Actuarial Analyst - Pricing (Graduate Programme)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant skills and experiences that align with the role of an Actuarial Analyst. Emphasise your degree in Data Science, Mathematics & Statistics, or Actuarial Science, and any internships or projects related to pricing models.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the insurance industry and your interest in pricing. Mention specific experiences that demonstrate your analytical skills and your ability to collaborate with others, as these are key aspects of the role.
Highlight Technical Skills: Since proficiency in Excel and familiarity with R or Python are important for this position, make sure to include any relevant coursework or projects that showcase your technical abilities. This will help you stand out as a candidate.
Show Enthusiasm for Learning: In your application, express your eagerness to grow within the company and your commitment to pursuing professional development and actuarial exams. This demonstrates your long-term interest in the field and aligns with the company's values.
How to prepare for a job interview at Intellect Group
✨Know Your Numbers
As an Actuarial Analyst, you'll be dealing with data and pricing models. Brush up on your mathematical skills and be prepared to discuss how you would approach analysing data sets or building pricing models during the interview.
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in Excel and any experience with R or Python. Be ready to provide examples of how you've used these tools in your studies or internships, as this will demonstrate your capability to handle the technical aspects of the role.
✨Understand the Insurance Landscape
Familiarise yourself with the insurance industry, especially in relation to new drivers, learners, taxi drivers, and couriers. Being able to discuss current trends or challenges in these areas will show your genuine interest and preparedness for the role.
✨Prepare Questions
Interviews are a two-way street. Prepare thoughtful questions about the company culture, team dynamics, and opportunities for professional development. This not only shows your interest but also helps you assess if the company is the right fit for you.
