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For Companies At a Glance
- Tasks: Lead a team in developing and implementing innovative pricing models.
- Company: Join a dynamic mid-sized Lloyd's syndicate with a strong reputation.
- Benefits: Enjoy a competitive salary, discretionary bonuses, and potential for higher pay.
- Why this job: Be part of a collaborative culture that values growth and expertise in actuarial science.
- Qualifications: Qualified actuary with experience in pricing and team leadership required.
- Other info: Opportunity to work closely with underwriting managers and influence pricing strategies.
The predicted salary is between 84000 - 210000 £ per year.
A mid-sized Lloyd's syndicate is looking to recruit a pricing manager to grow and develop the team. The role will lead on all syndicate pricing and lead a team of qualified actuaries and students. The role will include managing, overseeing the implementation of a new pricing model, some large account pricing as well as ensuring the pricing models reflect pricing best practice.
Base salary £140-£150k or so, with a good discretionary bonus. Slightly more might be on offer for the right candidate. We are also looking for someone with credibility in working with underwriting managers.
Actuarial Pricing Manager employer: Hanover
Contact Detail:
Hanover Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Pricing Manager
✨Tip Number 1
Familiarise yourself with the latest trends in actuarial pricing and model implementation. Being well-versed in current best practices will not only boost your confidence but also demonstrate your commitment to the role during discussions.
✨Tip Number 2
Network with professionals in the Lloyd's market, especially those in pricing and underwriting roles. Building relationships can provide you with valuable insights and potentially lead to referrals that could enhance your application.
✨Tip Number 3
Prepare to discuss your experience in leading teams and managing projects. Highlight specific examples where you've successfully implemented pricing models or improved processes, as this will showcase your leadership capabilities.
✨Tip Number 4
Research the syndicate's recent performance and any challenges they may be facing. This knowledge will allow you to tailor your conversations and demonstrate how you can add value to their pricing strategy.
We think you need these skills to ace Actuarial Pricing Manager
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the Actuarial Pricing Manager position. Understand the key responsibilities, such as leading a team of actuaries and implementing new pricing models, so you can tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise your experience in pricing management and any previous roles where you've led teams or implemented pricing strategies. Use specific examples to demonstrate your credibility in working with underwriting managers.
Showcase Technical Skills: Make sure to mention any technical skills relevant to actuarial pricing, such as proficiency in statistical software or experience with pricing models. This will help you stand out as a candidate who can effectively manage and oversee the implementation of new pricing models.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also conveys your passion for the role. Discuss how your vision aligns with the syndicate's goals and how you plan to contribute to the team's growth and development.
How to prepare for a job interview at Hanover
✨Showcase Your Technical Expertise
As an Actuarial Pricing Manager, it's crucial to demonstrate your technical knowledge in pricing models and actuarial practices. Be prepared to discuss specific models you've implemented or improved in the past, and how they contributed to the overall success of your previous teams.
✨Highlight Leadership Experience
Since this role involves leading a team of qualified actuaries and students, make sure to share examples of your leadership style. Discuss how you've mentored junior staff or led projects, and how you foster collaboration within your team.
✨Understand the Underwriting Perspective
Given the importance of working with underwriting managers, it’s essential to show that you understand their needs and challenges. Prepare to discuss how your pricing strategies can align with underwriting goals and improve overall profitability for the syndicate.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills and decision-making process. Think about past experiences where you had to adapt pricing strategies based on market changes or client needs, and be ready to explain your thought process.
