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- Tasks: Support actuarial pricing reviews and collaborate with underwriters on pricing models.
- Company: Allied World is a collaborative company valuing knowledge and professional growth.
- Benefits: Enjoy career training, mentoring programs, and a supportive team environment.
- Why this job: Join a dynamic team in London, making impactful contributions across Europe.
- Qualifications: 3-5 years of actuarial experience; degree in maths or stats; proficiency in Excel.
- Other info: Ideal for those pursuing actuarial qualifications with strong analytical skills.
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.
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.
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.
Senior Actuarial Pricing Analyst employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Pricing Analyst
✨Tip Number 1
Familiarise yourself with the specific actuarial pricing models used in the London Market. Understanding these models will not only help you during interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the actuarial field, especially those working in London Market Pricing. Attend industry events or webinars to connect with potential colleagues and learn about their experiences at Allied World.
✨Tip Number 3
Brush up on your Excel skills, particularly in building and maintaining pricing models. Consider taking an online course or tutorial that focuses on advanced Excel functions relevant to actuarial work.
✨Tip Number 4
Prepare to discuss your experience with various pricing parameters and how they impact underwriting decisions. Being able to articulate your analytical thought process will set you apart from other candidates.
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 not only outlines your qualifications but also demonstrates your understanding of Allied World's values, such as collaboration and professional development. Mention how your unique perspective can contribute to their team.
Showcase Relevant Experience: In your application, emphasise your 3-5 years of experience in actuarial roles, particularly in London Market Pricing. Provide specific examples of projects or tasks that align with the responsibilities listed in the job description.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any errors or inconsistencies. A polished application reflects your attention to detail, which is crucial in actuarial work.
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 Rulebook, SAS, or R. Be prepared to discuss specific projects where you've used these tools effectively, highlighting your analytical skills and how they contributed to successful outcomes.
✨Understand the Business Context
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-Based Questions
Expect questions that assess your problem-solving abilities in real-world scenarios. Think about past experiences where you had to analyse data or improve pricing models, and be ready to explain your thought process and the results you achieved.
✨Emphasise Collaboration and Communication
Since the role involves working closely with underwriters and other departments, highlight your teamwork and communication skills. Share examples of how you've successfully collaborated on projects, ensuring that you convey your ability to work well within a team environment.
