At a Glance
- Tasks: Collaborate with Marine underwriters and develop innovative pricing models.
- Company: Join a world-leading insurer with a focus on data science and collaboration.
- Benefits: Competitive pay, flexible working, 30 days holiday, and study support for exams.
- Other info: Gain exposure to the London Market and work with cutting-edge technology.
- Why this job: Make an impact in the insurance industry while developing your skills in a dynamic environment.
- Qualifications: Actuarial qualifications or relevant experience in General Insurance preferred.
The predicted salary is between 60000 - 80000 £ per year.
Position Overview
Pricing Actuary – London (Hybrid) – Full Time, Employee, Permanent.
Work Authorization
Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.
Responsibilities
- Work with the Marine Pricing Data Science lead and build strong relationships with Marine underwriters working in the European and Lloyd's markets.
- Be responsible for the ongoing development of Marine models used by the various Marine underwriting teams (covering Cargo, P&I, Hull, Liability, Ports & Terminals, Specie and War).
- Work on the case pricing of larger risks and binders.
- Fuse new data science techniques with traditional pricing methods to help form a market leading team of pricing data science professionals.
- Provide support and guidance to junior members of the Marine Pricing Data Science team.
Qualifications
- Knowledge and experience of working in General Insurance; specific experience within Marine classes (Cargo, Hull, P&I, etc.) is advantageous.
- Qualified / nearly qualified actuary, or a similar mathematical or scientific qualification backed up by relevant experience in the insurance industry.
- Strong analytical and problem‐solving skills.
- Excellent communication skills and collaborative mindset.
- Willingness and desire to learn new skills.
- Ability to manage multiple priorities and projects.
- A quantitative undergraduate degree.
- Experience in using Excel, Python, R, SQL or other programming languages.
Benefits
- Competitive compensation, pension, training and benefits.
- Study support for actuarial exams and other relevant professional qualifications.
- Work for a world‐leading insurer alongside experts in pricing, data science, insurance underwriting, claims, and information technology.
- Develop and deploy industry leading pricing and machine learning models into a $5B book of business.
- Invest in your personal development with support to train and learn new skills.
- Utilise high‐quality data science lab environments including QBE's Google Cloud Platform.
- Exposure to the London Market, UK, European insurance, and Reinsurance sectors.
- 30 days holiday a year with the option to buy up to 2 additional days.
- Flexible working – includes part‐time, job share, compressed hours.
- Pension – automatic enrollment into the QBE pension plan with employer contributions of 10% of basic salary.
- Private medical insurance – fully comprehensive private medical cover for you and the family.
- Family friendly policies – 26 weeks leave at full pay regardless of gender identity, sexual orientation, or how you become a parent.
- Short‐term remote work abroad – up to 20 days per year to work remotely from certain locations abroad.
- Sustainable investing – pension strategy supports net‐zero goal with green investment focus.
- Cycle‐to‐Work – benefit from exercise while making commute greener and cheaper; up to £5,000 for bike and accessories.
Equal Employment Opportunity
QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.
Pricing Actuary in London employer: 慨正橡扯
QBE is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the Pricing Actuary role in London. With a strong commitment to employee development, competitive benefits including study support for actuarial exams, and flexible working arrangements, QBE empowers its employees to thrive in a dynamic environment while contributing to industry-leading projects in the insurance sector.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at QBE. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your analytical skills and experience with data science tools like Python or R. Share specific examples of how you've used these skills in past roles to solve problems.
✨Prepare for the Interview
Do your homework on QBE and the Marine Pricing team. Understand their models and the challenges they face. This will help you ask insightful questions and show that you're genuinely interested in the role.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and really want to be part of the QBE team.
We think you need these skills to ace Pricing Actuary in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Pricing Actuary role. Highlight your experience in Marine insurance and any relevant data science skills. We want to see how your background fits with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills can contribute to our team. Keep it engaging and personal – we love to see your personality!
Showcase Your Skills:Don’t forget to mention your analytical skills and experience with programming languages like Python or R. We’re keen on seeing how you can fuse new techniques with traditional methods, so give us examples of your work!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role there!
How to prepare for a job interview at 慨正橡扯
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your analytical skills. Brush up on key metrics and data analysis techniques relevant to Marine insurance. Be ready to discuss how you've used data science methods in past roles to solve complex pricing problems.
✨Showcase Your Communication Skills
Strong communication is crucial in this role. Prepare examples of how you've effectively collaborated with underwriters or team members in the past. Think about times when you had to explain complex concepts in simple terms – this will show your ability to bridge the gap between data science and underwriting.
✨Prepare for Technical Questions
Expect questions on programming languages like Python, R, or SQL. Brush up on your coding skills and be prepared to discuss specific projects where you've applied these tools. You might even be asked to solve a problem on the spot, so practice coding challenges beforehand.
✨Demonstrate Your Willingness to Learn
The job description highlights a desire for continuous learning. Be ready to talk about new skills you've acquired recently or courses you've taken. Show enthusiasm for professional development and how you plan to stay updated with industry trends and advancements in data science.
