Actuarial Reinsurance Pricing Analyst

Actuarial Reinsurance Pricing Analyst

London Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our cyber actuarial team to analyse data and build pricing models.
  • Company: Work with a leading global Re/Insurer known for innovation in the industry.
  • Benefits: Enjoy flexible working options and opportunities for professional growth.
  • Why this job: Be part of a rapidly growing team making an impact in the cyber insurance space.
  • Qualifications: 1-3 years experience in actuarial roles and exam progression required.
  • Other info: This role offers a chance to develop cutting-edge tools for continuous pricing.

The predicted salary is between 36000 - 60000 £ per year.

We have partnered with a market leading global Re/Insurer to assist them in finding a Pricing Analyst with 1-3 years experience. This role includes:

  • Working in the cyber actuarial team providing expert analytical support to brokers and clients.
  • Dealing with large data sets and assisting with pricing model building.
  • Developing and automating new and existing modelling processes.
  • Research and development within cyber and development of tools allowing continuous pricing and monitoring of cyber exposures and data management.
  • Dynamic Financial Analysis (DFA) modelling; stochastic modelling to investigate the impact of reinsurance structures on P&L, Balance Sheet, and Capital Requirements.

This is an excellent opportunity for an Actuarial Analyst to move into a rapidly growing cyber team.

Minimum Requirements:

  • Exam progression.
  • Right to work in the UK.

Actuarial Reinsurance Pricing Analyst employer: Acord (association For Cooperative Operations Research And Development)

Join a leading global Re/Insurer that values innovation and analytical excellence, offering a vibrant work culture where collaboration and professional growth are at the forefront. With a focus on developing cutting-edge cyber solutions, employees benefit from continuous learning opportunities and the chance to work with large data sets in a dynamic environment. Located in the UK, this role provides a unique opportunity to be part of a rapidly growing team dedicated to shaping the future of reinsurance.
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Contact Detail:

Acord (association For Cooperative Operations Research And Development) Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Actuarial Reinsurance Pricing Analyst

✨Tip Number 1

Familiarise yourself with the latest trends in cyber insurance and reinsurance. Understanding the current market dynamics and emerging risks will help you stand out during discussions and interviews.

✨Tip Number 2

Brush up on your data analysis skills, particularly with large datasets. Being able to demonstrate your proficiency in tools like Excel, R, or Python can be a significant advantage when discussing your capabilities.

✨Tip Number 3

Network with professionals in the actuarial and reinsurance fields. Attend industry events or webinars to connect with potential colleagues and learn more about the specific challenges they face in cyber modelling.

✨Tip Number 4

Prepare to discuss your experience with Dynamic Financial Analysis (DFA) and stochastic modelling. Be ready to share examples of how you've applied these techniques in previous roles or projects.

We think you need these skills to ace Actuarial Reinsurance Pricing Analyst

Actuarial Skills
Pricing Model Development
Data Analysis
Statistical Modelling
Dynamic Financial Analysis (DFA)
Stochastic Modelling
Experience with Large Data Sets
Automation of Modelling Processes
Research and Development Skills
Knowledge of Cyber Risk
Communication Skills
Problem-Solving Skills
Attention to Detail
Excel Proficiency
Programming Skills (e.g., R, Python)

Some tips for your application 🫡

Understand the Role: Before applying, make sure to thoroughly understand the responsibilities of an Actuarial Reinsurance Pricing Analyst. Familiarise yourself with key concepts such as cyber actuarial support, pricing model building, and Dynamic Financial Analysis (DFA) modelling.

Highlight Relevant Experience: In your CV and cover letter, emphasise any experience you have with large data sets, pricing models, or actuarial analysis. If you've worked on projects related to cyber insurance or stochastic modelling, be sure to mention these specifically.

Showcase Your Skills: Make sure to highlight your analytical skills, attention to detail, and proficiency in relevant software or programming languages. Mention any tools or processes you've developed or automated in previous roles, as this aligns well with the job description.

Tailor Your Application: Customise your application materials for this specific role. Use keywords from the job description, such as 'cyber exposures', 'data management', and 'reinsurance structures', to demonstrate that you are a good fit for the position.

How to prepare for a job interview at Acord (association For Cooperative Operations Research And Development)

✨Showcase Your Analytical Skills

As a Pricing Analyst, you'll be dealing with large data sets and building pricing models. Be prepared to discuss your experience with data analysis and any relevant tools or software you've used. Highlight specific examples where your analytical skills made a difference.

✨Understand Cyber Risk

Since this role involves working in the cyber actuarial team, it's crucial to have a solid understanding of cyber risks and their implications. Brush up on current trends in cyber insurance and be ready to discuss how these might affect pricing strategies.

✨Demonstrate Your Problem-Solving Abilities

The role requires developing and automating modelling processes. Prepare to talk about challenges you've faced in previous roles and how you approached solving them. This will show your potential employer that you're proactive and resourceful.

✨Prepare Questions About the Role

Interviews are a two-way street. Prepare insightful questions about the company's approach to cyber risk, their modelling processes, and how they support exam progression. This shows your genuine interest in the role and helps you assess if it's the right fit for you.

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