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- Tasks: Support actuarial pricing reviews and collaborate with underwriters on pricing models.
- Company: Join Allied World, a collaborative company valuing knowledge and professional growth.
- Benefits: Enjoy career training, mentoring programs, and a supportive team environment.
- Why this job: Make an impact in the insurance industry while developing your skills in a dynamic setting.
- Qualifications: 3-5 years of actuarial experience; degree in maths or stats; proficiency in Excel required.
- Other info: Position based in London, ideal for those passionate about actuarial science.
The predicted salary is between 48000 - 72000 £ per year.
Take the next step in your career with us. Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge. We believe that when our great people work together and support one another, our clients receive the best solutions. 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.
Allied World Assurance Company, Ltd. seeks an individual to fill the position of Senior Actuarial Pricing Analyst. The successful candidate will be expected to provide actuarial support on individual account pricing and project work for all underwriting departments across Europe, with the position being located in Allied World’s London office.
Responsibilities Include:
- Support actuarial pricing reviews across all lines of insurance under moderate supervision.
- Lines of business written from the European offices and through Lloyd’s include property, casualty, professional lines, 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.
- Perform annual portfolio reviews across all class of business written through Europe, Asia and the Lloyd’s Syndicate.
- Work closely with underwriters on individual account pricing and to improve usability and accuracy of the pricing models.
- Help build and maintain pricing models in Excel and Rulebook.
- Any other duties as assigned by manager.
Education, Skills and Experience:
- The successful applicant will preferably have the following:
- 3 – 5 years of experience as an actuary, preferably London Market Pricing insurance or reinsurance.
- Partly to nearly/newly qualified as a Fellow for the IFoA or of another well-established actuarial organisation.
- Bachelor’s degree in mathematics, statistics or related field.
- Proficient with Excel.
- Experience using Rulebook, SAS, R, VBA and GLM modeling would be beneficial.
- Strong analytical and communication skills.
- Ability to learn quickly.
- Strong ethics and integrity.
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Pricing Analyst
✨Tip Number 1
Network with professionals in the actuarial field, especially those who work in London Market Pricing. Attend industry events or webinars to connect with potential colleagues and learn about the latest trends in pricing models.
✨Tip Number 2
Familiarise yourself with the specific pricing parameters mentioned in the job description, such as loss trend factors and underlying loss costs. This knowledge will help you demonstrate your expertise during interviews.
✨Tip Number 3
Brush up on your Excel skills, particularly in building and maintaining pricing models. Consider taking an online course or tutorial to enhance your proficiency, as this is a key requirement for the role.
✨Tip Number 4
Prepare to discuss your experience with actuarial pricing reviews and how you've collaborated with underwriters in the past. Be ready to share specific examples that highlight your analytical and communication skills.
We think you need these skills to ace Senior Actuarial 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 familiarity with Rulebook or SAS.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention how your background aligns with the responsibilities listed, particularly your experience in the London Market and your analytical skills.
Highlight Relevant Experience: In your application, emphasise your 3-5 years of experience in actuarial roles, particularly any work related to individual account pricing or portfolio reviews. Use specific examples to demonstrate your contributions.
Showcase Your Qualifications: Clearly state your educational background and any qualifications you hold, especially if you are partly or nearly qualified as a Fellow of the IFoA. This will help establish your credibility in the field.
How to prepare for a job interview at Allied World
✨Showcase Your Technical Skills
As a Senior Actuarial Pricing Analyst, you'll need to demonstrate your proficiency in Excel and any relevant software like SAS or R. Be prepared to discuss specific projects where you've used these tools effectively, and consider bringing examples of your work to the interview.
✨Understand the Business
Familiarise yourself with the various lines of insurance that Allied World operates in, such as property and casualty. Showing that you understand the nuances of these sectors will impress your interviewers and demonstrate your commitment to the role.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and analytical skills. Prepare for scenarios where you might need to explain how you would approach pricing for a new account or adjust parameters based on market trends. Practising these types of questions can help you articulate your thought process clearly.
✨Emphasise Collaboration
Allied World values collaboration, so be ready to discuss your experience working in teams. Share examples of how you've successfully collaborated with underwriters or other departments to achieve common goals, highlighting your communication skills and ability to support others.
