At a Glance
- Tasks: Collaborate with Marine underwriters and develop innovative pricing models.
- Company: Join QBE, a world-leading insurer with a focus on innovation.
- Benefits: Enjoy competitive pay, flexible working, and comprehensive health coverage.
- Other info: 30 days holiday, study support, and opportunities for personal development.
- Why this job: Make an impact in the insurance industry while developing your skills.
- Qualifications: Actuarial knowledge and strong analytical skills are essential.
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 employer: 慨正橡扯
QBE is an exceptional employer that offers a dynamic work environment in London, where you can thrive as a Pricing Actuary. With a strong focus on employee development, competitive benefits including comprehensive medical coverage and generous holiday allowances, and a commitment to sustainability, QBE fosters a culture of collaboration and innovation. Join a world-leading insurer and gain exposure to cutting-edge data science techniques while working alongside industry experts in a supportive and flexible setting.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary
✨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 products and recent developments in the insurance market. 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
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Pricing Actuary role. Highlight your experience in General Insurance and any specific Marine classes you've worked with. We want to see how your skills match what we're looking for!
Showcase Your Skills:Don’t forget to showcase your analytical and problem-solving skills! Mention any programming languages you’re familiar with, like Python or R, as well as your experience with data science techniques. This will help us see your potential fit for the team.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to our Marine Pricing Data Science team. We love seeing enthusiasm and a collaborative mindset!
Apply Through Our Website:We encourage you to apply through our website for the best chance of getting noticed. It’s super easy, and you’ll be able to submit all your documents in one go. Plus, we love seeing applications come directly from our site!
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 strong analytical skills. Brush up on your knowledge of marine insurance classes and be ready to discuss how you would approach case pricing for larger risks. Familiarise yourself with relevant data science techniques that can enhance traditional pricing methods.
✨Showcase Your Technical Skills
Make sure you're comfortable discussing your experience with programming languages like Python, R, or SQL. Prepare examples of how you've used these tools in past roles, especially in relation to building models or analysing data. This will show your potential employer that you can hit the ground running.
✨Build Rapport with Underwriters
Since the role involves working closely with Marine underwriters, think about how you can establish strong relationships. Be prepared to discuss your communication style and how you collaborate with others. Highlight any previous experiences where you successfully worked in a team environment.
✨Demonstrate Your Willingness to Learn
The insurance industry is always evolving, so it's crucial to show that you're eager to learn new skills. Talk about any recent courses or training you've undertaken, and express your enthusiasm for professional development opportunities, such as actuarial exams or new data science techniques.
