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- Tasks: Upgrade pricing models and collaborate with underwriters on high-impact projects.
- Company: Join a leading Lloyd's market insurer known for innovation in pricing strategies.
- Benefits: Enjoy flexible contracting opportunities and gain experience in specialist lines.
- Why this job: Make a real impact on pricing models while working in a dynamic team environment.
- Qualifications: Actuarial background with experience in pricing models is essential.
- Other info: This role offers a chance to step into contracting from a permanent position.
The predicted salary is between 36000 - 60000 £ per year.
We\’ve partnered with a leading Lloyd\’s market insurer to help them secure a Pricing Actuary to support a key model development project on a contract basis. This is a fantastic opportunity for an actuary looking to step out of a permanent role and into contracting, with the chance to work on high-impact pricing models in specialist lines including Marine PI, Political Violence, and Energy Package. This role is not limited to, but includes: Upgrading Excel-based pricing models ahead of Rulebook implementation Working closely with underwriters to ensure models are tested, refined and agreed Supporting pricing activity including account-level pricing, benchmark reviews and portfolio analysis Contributing to calibration and model monitoring processes Sharing insights and collaborating across the wider pricing team For more information please apply.41bf1e1f-b16b-4260-a40a-17c77a06fd15
Pricing Model Development - Contract employer: HFG Insurance Recruitment
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Model Development - Contract
✨Tip Number 1
Network with professionals in the insurance and actuarial fields. Attend industry events or webinars where you can meet people who work in pricing or model development. This can help you gain insights into the role and potentially get referrals.
✨Tip Number 2
Familiarise yourself with the latest trends and technologies in pricing models, especially those relevant to specialist lines like Marine PI and Political Violence. Being knowledgeable about current practices will make you stand out during discussions with potential employers.
✨Tip Number 3
Prepare to discuss your experience with Excel-based pricing models in detail. Be ready to share specific examples of how you've upgraded or refined models in the past, as this will demonstrate your hands-on expertise and problem-solving skills.
✨Tip Number 4
Showcase your collaborative skills by highlighting any previous experiences where you worked closely with underwriters or cross-functional teams. Emphasising your ability to communicate effectively and share insights will be crucial for this role.
We think you need these skills to ace Pricing Model Development - Contract
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Pricing Actuary in model development. Familiarise yourself with key terms and concepts related to pricing models, especially in specialist lines like Marine PI and Political Violence.
Tailor Your CV: Highlight your relevant experience in pricing model development and any specific projects you've worked on that align with the job description. Emphasise your skills in Excel and any collaboration with underwriters or involvement in calibration processes.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the contract role and your ability to contribute to high-impact pricing models. Mention specific experiences that demonstrate your capability in upgrading models and supporting pricing activities.
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 the actuarial field.
How to prepare for a job interview at HFG Insurance Recruitment
✨Understand the Pricing Models
Make sure you have a solid grasp of the pricing models relevant to the role. Brush up on your knowledge of Excel-based models and be prepared to discuss how you've upgraded or developed similar models in the past.
✨Showcase Your Collaboration Skills
This role involves working closely with underwriters and the wider pricing team. Be ready to share examples of how you've successfully collaborated with others in previous roles, particularly in testing and refining models.
✨Prepare for Technical Questions
Expect technical questions related to account-level pricing, benchmark reviews, and portfolio analysis. Review key concepts and be prepared to explain your thought process when tackling these areas.
✨Demonstrate Your Adaptability
As this is a contract role, showing that you can adapt quickly to new environments and projects is crucial. Share experiences where you've successfully transitioned into new roles or taken on new challenges.
