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For Companies At a Glance
- Tasks: Join a dynamic team to assess profitability and develop pricing strategies.
- Company: Work with a leading Lloyd's/London Market insurer known for innovation.
- Benefits: Gain valuable experience while progressing towards your actuarial qualification.
- Why this job: Broaden your actuarial skills in a supportive environment with real impact.
- Qualifications: 1-2 years of actuarial experience; Excel proficiency required, VBA/SQL is a plus.
- Other info: Ideal for those actively pursuing actuarial exams (IFoA).
The predicted salary is between 36000 - 60000 £ per year.
Job Description
We have partnered with a leading Lloyd's/London Market insurer to find them a Actuarial Analyst with 1-2 years of experience to join their growing team. This is a great opportunity to broaden your actuarial expertise across core disciplines while progressing towards qualification.
Key Responsibilities:
- Quarterly "reserve" process – assessing profitability of business lines and projecting Profit Commission receipts.
- Quarterly Underwriting Profitability Review process which reviews areas of underwriting concern and the effectiveness of corrective actions.
- Review of individual lines and investigation of pricing strategies.
- Development of MI and rate monitoring.
- Discussions with carriers – reviewing past experience, current products and future opportunities.
- Involvement in business planning, providing independent scrutiny and challenge.
About You:
– 1-2 years of actuarial experience, ideally in general insurance or the London Market.
– Proficient in Excel; experience with VBA, SQL, or actuarial reserving/pricing software is advantageous.
– Actively progressing with actuarial exams (IFoA).
Please apply for further information:
Mixed Pricing and Reserving employer: HFG Insurance Recruitment
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Mixed Pricing and Reserving
✨Tip Number 1
Network with professionals in the actuarial field, especially those working in the Lloyd's or London Market. Attend industry events or webinars to make connections and learn about potential job openings.
✨Tip Number 2
Familiarise yourself with the latest trends and developments in pricing and reserving within the insurance sector. This knowledge will not only help you in interviews but also demonstrate your genuine interest in the role.
✨Tip Number 3
Consider reaching out to current or former employees of the company you're applying to. They can provide valuable insights into the company culture and expectations, which can be beneficial during your discussions.
✨Tip Number 4
Prepare for technical discussions by brushing up on your Excel skills and any relevant software like VBA or SQL. Being able to showcase your proficiency in these areas can set you apart from other candidates.
We think you need these skills to ace Mixed Pricing and Reserving
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your actuarial experience, especially any relevant work in general insurance or the London Market. Emphasise your proficiency in Excel and any experience with VBA or SQL.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention your 1-2 years of experience and how it aligns with the key responsibilities outlined in the job description.
Highlight Relevant Skills: Clearly outline your skills related to the quarterly reserve process, underwriting profitability reviews, and pricing strategies. Use specific examples from your past experience to demonstrate your capabilities.
Show Progression in Exams: Mention your progress with actuarial exams (IFoA) in your application. This shows your commitment to the profession and your desire to advance your career in actuarial science.
How to prepare for a job interview at HFG Insurance Recruitment
✨Showcase Your Actuarial Knowledge
Make sure to brush up on your actuarial principles, especially those related to pricing and reserving. Be prepared to discuss your previous experience in these areas and how it relates to the responsibilities outlined in the job description.
✨Demonstrate Technical Proficiency
Since proficiency in Excel is crucial, be ready to talk about specific projects where you've used Excel extensively. If you have experience with VBA or SQL, highlight that as well, as it could set you apart from other candidates.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills in real-world scenarios. Think of examples where you've had to analyse data or make decisions based on profitability assessments, and be ready to explain your thought process.
✨Express Your Commitment to Professional Development
As the role requires you to be actively progressing with your actuarial exams, be sure to mention your study plans and any recent achievements. This shows your dedication to the field and your desire to grow within the company.
