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- Tasks: Support underwriting departments with actuarial pricing and maintain pricing models.
- Company: Join Allied World, a collaborative company that values knowledge and professional growth.
- Benefits: Enjoy career training, mentoring programs, and a supportive work environment.
- Why this job: Be part of a diverse team making impactful decisions in the insurance industry.
- Qualifications: Bachelor's degree in maths or stats; up to 3 years of relevant experience preferred.
- Other info: Experience with Excel, VBA, and GLM modeling is a plus.
The predicted salary is between 28800 - 48000 £ per year.
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.
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, R and GLM modeling would be beneficial.
- Strong analytical and communication skills.
- Ability to learn quickly.
- Strong ethics and integrity.
Actuarial Pricing Analyst employer: Allied World
Contact Detail:
Allied World Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Pricing Analyst
✨Tip Number 1
Network with professionals in the insurance and actuarial fields, especially those who work in London Market Pricing. Attend industry events or webinars to connect with potential colleagues and learn more about the company culture at Allied World.
✨Tip Number 2
Familiarise yourself with the specific lines of business mentioned in the job description, such as property and medical malpractice. This knowledge will not only help you understand the role better but also demonstrate your genuine interest during any discussions.
✨Tip Number 3
Brush up on your Excel skills, particularly in building and maintaining pricing models. Consider taking online courses or tutorials that focus on advanced Excel functions and VBA, as these are crucial for the role.
✨Tip Number 4
Prepare to discuss your analytical skills and past experiences in a way that highlights your ability to support underwriting departments. Think of specific examples where your contributions made a difference, as this will resonate well with the hiring team.
We think you need these skills to ace Actuarial Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in actuarial pricing and any specific skills mentioned in the job description, such as proficiency in Excel and VBA. Use keywords from the job posting to align your experience with what Allied World is looking for.
Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for the role and the company. Mention your understanding of the importance of collaboration and how your background in mathematics or statistics makes you a great fit for the Actuarial Pricing Analyst position.
Highlight Relevant Projects: If you've worked on projects involving pricing models or data analysis, be sure to include these in your application. Describe your role, the tools you used (like Excel or SAS), and the outcomes of your work to demonstrate your capabilities.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects your attention to detail, which is crucial for an actuarial role.
How to prepare for a job interview at Allied World
✨Showcase Your Analytical Skills
As an Actuarial Pricing Analyst, strong analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis in previous roles, particularly in relation to pricing models or risk assessment.
✨Demonstrate Your Technical Proficiency
Familiarity with Excel and programming languages like VBA is essential for this role. Bring up any relevant projects where you utilised these tools, and be ready to explain your approach to building and maintaining pricing models.
✨Understand the Insurance Landscape
Research the various lines of insurance mentioned in the job description, such as property and casualty. Showing that you have a grasp of the industry and its challenges will impress your interviewers.
✨Emphasise Collaboration and Communication
Allied World values collaboration, so highlight your experience working in teams. Discuss how you’ve communicated complex actuarial concepts to non-technical stakeholders, showcasing your ability to work well with others.
