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- Tasks: Support underwriting departments with actuarial pricing and maintain pricing models.
- Company: Join a team that values unique perspectives and prioritises professional growth.
- Benefits: Enjoy career training, mentoring programmes, and a supportive work culture.
- Why this job: Be part of a dynamic environment impacting global insurance markets.
- Qualifications: Bachelor’s in maths or stats; up to 3 years in General Insurance preferred.
- Other info: Experience with Excel, VBA, and modelling tools is a plus.
The predicted salary is between 43200 - 72000 £ per year.
We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs. Our people are our most important asset, and we are very proud of the quality of our team members.
The successful candidate will be expected to provide actuarial pricing support to various underwriting departments under moderate supervision.
- Lines of business include property, general casualty, D&O, E&O, medical malpractice, marine and onshore construction.
- Research and update various pricing parameters used within our pricing models such as increased limits factors, loss trend factors, underlying loss costs per unit of exposure, etc.
- Support annual portfolio reviews across all classes of business written through Europe, Asia and the Lloyd’s Syndicate.
- Help build and maintain pricing models in Excel and Rulebook.
Requirements:
- Up to 3 years of experience as a General Insurance actuary, preferably in London Market Pricing insurance or reinsurance.
- Bachelor’s degree in mathematics, statistics or related field.
- Proficient with Excel.
- Experience using Visual Basic for Applications (VBA), Rulebook, SAS, R and GLM modeling would be beneficial.
Actuarial - Senior Pricing Analyst employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial - Senior Pricing Analyst
✨Tip Number 1
Familiarise yourself with the specific lines of business mentioned in the job description, such as property and general casualty. Understanding these areas will help you speak confidently about your relevant experience during interviews.
✨Tip Number 2
Brush up on your Excel skills, especially in building and maintaining pricing models. Consider creating a sample model to demonstrate your proficiency, as this could set you apart from other candidates.
✨Tip Number 3
If you have experience with VBA, Rulebook, SAS, R, or GLM modelling, be prepared to discuss specific projects where you utilised these tools. Real-world examples can showcase your technical skills effectively.
✨Tip Number 4
Network with professionals in the actuarial field, particularly those who work in London Market Pricing. Engaging with industry contacts can provide insights into the role and may even lead to referrals.
We think you need these skills to ace Actuarial - Senior Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial pricing and any specific skills mentioned in the job description, such as proficiency in Excel and experience with VBA or GLM modelling.
Craft a Strong Cover Letter: Write a cover letter that showcases your understanding of the role and how your background aligns with the company's needs. Mention your experience with various lines of business and your ability to support underwriting departments.
Highlight Relevant Skills: In your application, emphasise your analytical skills and any experience you have with pricing models. Discuss your familiarity with tools like SAS and R, as well as your ability to research and update pricing parameters.
Showcase Professional Development: Mention any professional development or training you've undertaken related to actuarial science. This could include certifications, workshops, or relevant coursework that demonstrates your commitment to growth in the field.
How to prepare for a job interview at Allied World
✨Showcase Your Technical Skills
Make sure to highlight your proficiency in Excel and any experience with VBA, SAS, R, or GLM modelling during the interview. Be prepared to discuss specific projects where you utilised these skills, as this will demonstrate your capability to handle the technical aspects of the role.
✨Understand the Business Lines
Familiarise yourself with the various lines of business mentioned in the job description, such as property, general casualty, and medical malpractice. Being able to discuss how actuarial pricing supports these areas will show your understanding of the industry and its complexities.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving abilities and how you would approach real-world scenarios related to pricing models. Practising responses to potential case studies can help you articulate your thought process clearly during the interview.
✨Emphasise Continuous Learning
Since the company values professional development, be ready to discuss how you have pursued learning opportunities in the past. Mention any relevant courses, certifications, or mentoring experiences that have contributed to your growth as an actuary.
