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For Companies At a Glance
- Tasks: Build statistical models and enhance pricing strategies in a dynamic team.
- Company: Join Acorn Group, a fast-growing specialist motor insurer in the UK.
- Benefits: Enjoy 31+ days of leave, enhanced parental pay, and wellbeing support.
- Why this job: Make a real impact with your skills in a supportive and inclusive environment.
- Qualifications: Experience in data science or actuarial roles, proficiency in Python, and strong communication skills.
- Other info: Recognised as a Great Place to Work for 2024/5 with excellent career growth opportunities.
The predicted salary is between 28800 - 48000 £ per year.
Overview
Join to apply for the Pricing Actuary role at Acorn Group.
The Acorn Group is one of the fastest growing insurance businesses in the UK, delivering specialist motor insurance products through a unique and integrated model. With over £700m in GWP and strong performance in a highly competitive market, we’re on a mission to become the UK’s leading specialist motor insurer. We are looking for outstanding pricing talent to join our high-performing Pricing team, with the opportunity to shape pricing sophistication, implement innovative data science techniques and make a real impact where your input truly matters.
Job Title: Pricing Actuary
Location: Liverpool or London on a hybrid basis
Salary: £Competitive DOE
Working hours: 37.5 hours per week, Monday to Friday, 9am to 5:30pm
What you will be doing:
- Build statistical and machine learning models to enhance risk cost and profitability predictions
- Conduct data analysis to support segmentations, performance monitoring and modelling enhancements
- Identify and implement innovative solutions for pricing and policy growth
- Present insights and solutions clearly to senior stakeholders
- Contribute to our dynamic and fast-paced pricing roadmap
What we are looking for
- A background in statistical, data science or actuarial roles
- Proficiency in Python for data handling and predictive modelling
- 2+ years UK motor pricing experience, ideally building GBMs
- Solid understanding of GI pricing, GLMs and machine earning techniques
- Strong communication skills, with the ability to translate technical detail for non-technical stakeholders
- A proven ability to deliver pricing initiatives with tangible results
- Independent thinker, self-starter and a problem solver
- A mathematical degree with strong academic performance is desirable
- Bonus: Experience with Emblem, Radar, Radar Live, or Databricks
About Acorn Insurance
With over 40 years of experience, Acorn Insurance is a specialist provider dedicated to helping individuals secure motor insurance across the UK. We proudly serve more than 50,000 customers, ensuring they find policies that meet their needs and provide the peace of mind that comes with high-quality cover.
At Acorn Insurance, we offer comprehensive training and continuous in-house coaching. You\’ll receive in-depth, FCA-regulated industry knowledge and all the tools necessary to grow your career with us.
We celebrate diversity and are committed to fostering a culture where everyone feels respected and valued. As a Disability Confident employer, we ensure our workplace is accessible and inclusive, encouraging our people to bring their best selves to work every day.
The Acorn Group has been recognised as a Great Place to Work for 2024/5.
Why Acorn Insurance?
Acorn Insurance wants to give you more than a job — we want to give you a purpose and a career. Some benefits you will receive include:
- Wellbeing: Enhanced annual leave entitlement starting at 31 days and potentially increasing to 35 days per year (including bank holidays)
- Enhanced paternity pay and 16 weeks full maternity pay
- Colleague Assistance programme with wellbeing services such as:
- 6 Free Counselling sessions per year
- Unlimited access to a telephone counsellor 24/7
- Access to a free 4-week CBT programme with a trained therapist mentor
- Network of internal qualified mental health first aiders for colleague support
- Financial: Core level of life assurance with options to increase cover via salary sacrifice and add your partner
- Access to earnings before payday via Dayforce Wallet
- Refer a friend scheme with a £250 bonus after probation
- Flexible benefits platform with an annual flex pot to spend on 15+ benefits
- Option to donate to climate-positive charities via salary deduction
- Reward, Recognition and Culture: Long service awards at 5, 10 and 15 years; a recognition hub; engaging company events; budgets for team social/engagement activities
All roles are subject to DBS and financial checks; offers are conditional until checks are completed to a satisfactory standard.
Due to the length of training and complexity of the role, we can only accept applications from candidates who have at least one year remaining on their (Graduate/ Post study work) visa. We are unable to provide visa sponsorships.
At Acorn, we are committed to creating an inclusive and supportive work environment. If you require reasonable adjustments, please let us know during the application or interview process, and we will work with you to meet your needs.
Seniority level: Entry level
Employment type: Full-time
Job function: Finance and Sales; Industries: Insurance
Referrals increase your chances of interviewing at Acorn Group. Get notified about new Pricing Actuary jobs in Liverpool, England, United Kingdom.
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Pricing Actuary employer: Acorn Group
Contact Detail:
Acorn Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Acorn Group. A friendly chat can open doors and give you insights that might just help you land that Pricing Actuary role.
✨Tip Number 2
Prepare for the interview by brushing up on your Python skills and data science techniques. Be ready to showcase how you can apply these in real-world scenarios, especially in motor pricing!
✨Tip Number 3
Don’t underestimate the power of storytelling! When presenting your insights, make sure you can translate complex data into simple terms that even non-technical folks can understand. This will impress the senior stakeholders.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining the Acorn family and contributing to our mission.
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 statistical modelling and data science, especially any work with Python or GBMs. We want to see how your skills align 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 pricing and how you can contribute to our team. Be sure to mention any innovative solutions you've implemented in previous roles.
Showcase Your Communication Skills: Since you'll be presenting insights to senior stakeholders, it's crucial to demonstrate your ability to communicate complex ideas clearly. Include examples in your application where you've successfully translated technical details for non-technical audiences.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates. Plus, we love seeing applications come in through our own platform!
How to prepare for a job interview at Acorn Group
✨Know Your Numbers
As a Pricing Actuary, you'll be expected to have a solid grasp of statistical models and data analysis. Brush up on your knowledge of GBMs, GLMs, and machine learning techniques. Be ready to discuss how you've applied these in previous roles, especially in the context of UK motor pricing.
✨Communicate Clearly
Strong communication skills are key for this role. Practice explaining complex technical concepts in simple terms, as you'll need to present insights to non-technical stakeholders. Consider using examples from your past experiences to illustrate your points during the interview.
✨Show Your Problem-Solving Skills
Acorn Group values independent thinkers and problem solvers. Prepare to discuss specific challenges you've faced in your previous roles and how you approached them. Highlight any innovative solutions you've implemented that led to tangible results in pricing or policy growth.
✨Research Acorn Group
Familiarise yourself with Acorn Group's mission and values. Understand their unique model in the insurance market and be prepared to discuss how your skills and experiences align with their goals. Showing genuine interest in the company will set you apart from other candidates.
