Actuarial Analyst

Actuarial Analyst

Full-Time 28800 - 48000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Provide actuarial pricing support and build pricing models for various insurance lines.
  • Company: Join Allied World, a global leader in insurance and reinsurance solutions.
  • Benefits: Enjoy professional development, structured coaching, and a supportive team environment.
  • Why this job: Make an impact in a collaborative setting while growing your career in the insurance industry.
  • Qualifications: Bachelor's degree in maths or stats; experience in insurance preferred.
  • Other info: Be part of a diverse team with global presence and excellent career growth opportunities.

The predicted salary is between 28800 - 48000 £ per year.

Take the next step in your career with us. Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge. We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs. Our people are our most important asset, and we are very proud of the quality of our team members.

The successful candidate will be expected to provide actuarial pricing support to various underwriting departments.

Responsibilities Include:
  • Provide actuarial pricing support to various underwriting departments under moderate supervision.
  • Support all lines of insurance written from the European offices and through Lloyd’s. Lines of business include property, general casualty, D&O, E&O, medical malpractice, marine and onshore construction.
  • Research and update various pricing parameters used within our pricing models such as increased limits factors, loss trend factors, underlying loss costs per unit of exposure, etc.
  • Support annual portfolio reviews across all class of business written through Europe, Asia and the Lloyd’s Syndicate.
  • Help build and maintain pricing models in Excel and Rulebook.
  • Any other duties as assigned by manager.
Education, Skills and Experience:

The successful applicant will preferably have the following:

  • Up to 3 years of experience as a General Insurance actuary, preferably London Market Pricing insurance or reinsurance.
  • Bachelor’s degree in mathematics, statistics or related field.
  • Proficient with Excel.
  • Experience using Visual Basic for Applications (VBA), Rulebook, SAS and Python would be beneficial.
  • Strong analytical and communication skills.
  • Ability to learn quickly.
  • Strong ethics and integrity.

Our team of over 1,600 professionals has deep expertise in the industry. They enjoy their work, and many have served for several years. This is what you can expect when you join us:

  • Instant membership in the Allied World team — a global network of colleagues who will support your career journey.
  • A manager who will help you build your career through a structured coaching program.
  • Access to a full suite of learning and development tools and resources.

Allied World Assurance Company Holdings, Ltd, through its subsidiaries, is a global provider of insurance and reinsurance solutions. We operate under the brand Allied World and have supported clients, cedents and trading partners with thoughtful service and meaningful coverages since 2001. We are a subsidiary of Fairfax Financial Holdings Limited, and benefit from a worldwide network of affiliated entities that allow us to think and respond in non-traditional ways.

Allied World is an equal opportunity employer. Subject to applicable law, all qualified applicants will be considered for employment without regard to race, color, religion or belief, gender, age, disability, military service, marital or civil partnership status, family status, sexual orientation, ethnic or national origin, genetic information or any other characteristic protected by applicable law or regulation in the relevant jurisdiction where we operate.

Actuarial Analyst employer: Allied World

Allied World is an exceptional employer for Actuarial Analysts, offering a collaborative work culture that values knowledge sharing and professional growth. With access to comprehensive training programs and a supportive management team, employees are empowered to develop their careers within a global network of over 1,600 professionals. Located in the heart of London, you will be part of a dynamic environment that embraces diverse perspectives and fosters innovation in the insurance industry.
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Contact Detail:

Allied World Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Actuarial Analyst

✨Tip Number 1

Network like a pro! Reach out to current or former employees at Allied World on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.

✨Tip Number 2

Prepare for the interview by brushing up on your Excel skills and understanding the key actuarial concepts mentioned in the job description. We want to see that you can hit the ground running!

✨Tip Number 3

Show off your analytical skills during the interview. Bring examples of how you've tackled complex problems in the past. We love candidates who can think critically and provide innovative solutions.

✨Tip Number 4

Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re serious about joining the Allied World team.

We think you need these skills to ace Actuarial Analyst

Actuarial Pricing Support
General Insurance Knowledge
Mathematics
Statistics
Excel Proficiency
Visual Basic for Applications (VBA)
Rulebook
SAS
Python
Analytical Skills
Communication Skills
Quick Learning Ability
Ethics and Integrity

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Actuarial Analyst role. Highlight relevant experience, especially in general insurance and any specific skills like Excel or VBA that match the job description.

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about actuarial work and how your unique perspective can contribute to our collaborative environment at Allied World.

Showcase Your Skills: Don’t just list your skills; demonstrate them! If you’ve worked with pricing models or have experience in data analysis, share specific examples of how you’ve used these skills in past roles.

Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and get you on the path to joining our fantastic team!

How to prepare for a job interview at Allied World

✨Know Your Numbers

As an Actuarial Analyst, you'll be dealing with a lot of data. Brush up on your mathematical skills and be ready to discuss how you’ve used statistical methods in past roles. Familiarise yourself with key actuarial concepts and be prepared to explain them clearly.

✨Excel is Your Best Friend

Since proficiency in Excel is crucial for this role, make sure you can demonstrate your skills during the interview. Practice building simple models or using VBA to automate tasks. Bring examples of your work if possible, as this will show your practical experience.

✨Research the Company

Take some time to understand Allied World’s business model and the specific lines of insurance they cover. This knowledge will not only help you answer questions but also allow you to ask insightful ones, showing your genuine interest in the company.

✨Showcase Your Communication Skills

Strong communication skills are essential for this role. Be ready to discuss how you've effectively communicated complex information to non-technical stakeholders in the past. Practising clear and concise explanations will help you stand out.

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