At a Glance
- Tasks: Support pricing optimisation and provide actuarial advice to corporate clients.
- Company: WTW, a global leader in risk and analytics solutions.
- Benefits: Competitive salary, flexible working options, and professional development opportunities.
- Why this job: Join a diverse team and make a real impact on risk management strategies.
- Qualifications: Qualified actuary with pricing experience and strong analytical skills.
- Other info: Dynamic work environment with opportunities across various industries.
The predicted salary is between 36000 - 60000 £ per year.
At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help our clients to sharpen their strategies, enhance organizational resilience, motivate their workforces and maximize performance.
Strategic Risk Consulting (SRC) is a part of the wider WTW Risk & Analytics division which provides an integrated approach to risk management in complex business environments. SRC is a diverse team with a global footprint and includes actuaries, engineers, natural catastrophe modelers and enterprise risk management specialists. SRC helps companies to identify, quantify and optimise their major risks, and to connect risk management decisions with corporate financial performance objectives.
We are looking for a qualified actuary from a pricing background to join this growing global team of over 100 risk consultants. This role will centre on two key areas:
- Support our growth in the provision of pricing optimisation and advice to corporate clients in the design and running of their affinity, extended warranty or loyalty schemes.
- Providing actuarial model-based insurance optimisation and captive optimisation advice to a wide range of corporate clients.
Additionally, you will have the opportunity to gain experience across a wide variety of day-to-day work across our range of actuarial services (including captive capital, and reserving) across all industries and geographies.
The key focus of this role will be to utilise personal lines pricing expertise (including GLMs and GBMs) to provide actuarial pricing models and advice to corporate clients around the design and pricing structure of their affinity, extended warranty and loyalty schemes.
The work we do is centred around improving our clients’ ability to manage risk.
Pricing Actuary - Strategic Risk Consulting in London employer: 55 Redefined Ltd
Contact Detail:
55 Redefined Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary - Strategic Risk Consulting in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, attend relevant events, and don’t be shy about asking for introductions. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We recommend practising common interview questions and even role-playing with a friend. The more comfortable you are, the better you’ll perform when it’s time to shine!
✨Tip Number 3
Showcase your skills through real-life examples. When discussing your experience, we suggest using the STAR method (Situation, Task, Action, Result) to clearly demonstrate how you’ve tackled challenges in the past. This will make you stand out as a candidate!
✨Tip Number 4
Don’t forget to follow up after interviews! A simple thank-you email can go a long way in keeping you top of mind. Plus, it shows your enthusiasm for the role. And remember, apply through our website for the best chance at landing that Pricing Actuary position!
We think you need these skills to ace Pricing Actuary - Strategic Risk Consulting in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the Pricing Actuary role. Highlight your pricing expertise and any relevant projects you've worked on, especially those involving actuarial models.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about risk consulting and how your background makes you a perfect fit for our team. Be sure to mention specific experiences that relate to the job description.
Showcase Your Analytical Skills: Since this role involves data-driven decision-making, make sure to highlight your analytical skills in your application. Mention any tools or methodologies you’ve used, like GLMs or GBMs, that demonstrate your capability in pricing optimisation.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team at WTW!
How to prepare for a job interview at 55 Redefined Ltd
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your expertise in personal lines pricing. Brush up on your GLMs and GBMs, and be ready to discuss how you've applied these models in previous roles. Prepare specific examples that showcase your analytical skills and how they’ve led to successful pricing strategies.
✨Understand the Business
Familiarise yourself with WTW's approach to risk management and their client base. Research their recent projects or case studies related to pricing optimisation and risk consulting. This will not only show your interest in the company but also help you connect your experience to their needs during the interview.
✨Prepare for Scenario Questions
Expect to face scenario-based questions that assess your problem-solving abilities. Think about potential challenges in pricing optimisation and how you would tackle them. Practising these scenarios can help you articulate your thought process clearly and confidently.
✨Showcase Your Team Spirit
Since the role involves working within a diverse team, highlight your collaborative experiences. Share examples of how you've worked with actuaries, engineers, or other specialists to achieve common goals. This will demonstrate your ability to thrive in a team-oriented environment, which is crucial for success at WTW.