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- Tasks: Support actuarial pricing and collaborate with underwriters on various insurance lines.
- 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 43200 - 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.
Senior Actuarial Pricing Analyst (, , United Kingdom) employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Pricing Analyst (, , United Kingdom)
✨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 more about the company culture at Allied World.
✨Tip Number 2
Familiarise yourself with the specific lines of business mentioned in the job description, such as property and casualty insurance. Understanding these areas will help you engage in meaningful conversations 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 that focuses on advanced Excel functions relevant to actuarial work.
✨Tip Number 4
Prepare to discuss your experience with actuarial pricing reviews and any relevant projects you've worked on. Be ready to provide examples of how you've collaborated with underwriters to improve pricing models.
We think you need these skills to ace Senior Actuarial Pricing Analyst (, , United Kingdom)
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 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 their values of collaboration and knowledge sharing, and provide examples of your previous work in actuarial pricing.
Highlight Relevant Experience: In your application, emphasise your 3-5 years of experience in the London Market, detailing specific projects or responsibilities that relate to the job description, such as portfolio reviews or model building.
Showcase Your Skills: Clearly outline your technical skills, especially those related to actuarial software and modelling techniques. If you have experience with VBA or GLM modelling, make sure to mention it prominently.
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 Rulebook, SAS, R, VBA, or GLM modelling. Be prepared to discuss specific projects where you utilised these tools, 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 insurance that Allied World operates in, such as property, casualty, and medical malpractice. Being able to discuss these areas intelligently will show your genuine interest in the company and its operations.
✨Prepare for Scenario-Based Questions
Expect questions that assess your analytical skills and decision-making process. Prepare examples from your past experience where you successfully tackled complex pricing issues or improved pricing models, as this will illustrate your problem-solving abilities.
✨Emphasise Collaboration and Communication
Since the role involves working closely with underwriters and other departments, be ready to discuss how you have effectively collaborated in previous roles. Highlight your communication skills and provide examples of how you’ve contributed to team success.
