Actuarial Pricing Analyst
Actuarial Pricing Analyst

Actuarial Pricing Analyst

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

  • Tasks: Support actuarial pricing for various insurance lines and maintain pricing models.
  • Company: Allied World is a collaborative insurance company valuing knowledge and professional growth.
  • Benefits: Enjoy career training, mentoring programs, and a supportive team environment.
  • Why this job: Join a dynamic team making impactful decisions in the insurance industry.
  • Qualifications: Bachelor's degree in maths/statistics; up to 3 years of relevant experience preferred.
  • Other info: Proficiency in Excel and VBA is beneficial; strong ethics are essential.

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

6 days ago Be among the first 25 applicants

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.

Allied World Assurance Company, Ltd. seeks an individual to fill the position of Actuarial Analyst. 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 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

Seniority level

  • Seniority level

    Associate

Employment type

  • Employment type

    Full-time

Job function

  • Industries

    Insurance

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Actuarial Pricing Analyst employer: Allied World

Allied World is an exceptional employer that prioritises collaboration and knowledge sharing, fostering a supportive environment where talented professionals can thrive. With a strong commitment to employee development through mentoring and training programmes, team members are empowered to grow their careers while contributing to innovative solutions for clients. Located in London, the company offers a dynamic work culture that values diverse perspectives and encourages professional advancement in the insurance sector.
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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. Attend industry events or webinars where you can meet people from Allied World or similar companies. Building these connections can give you insights into the company culture and potentially lead to referrals.

✨Tip Number 2

Familiarise yourself with the specific lines of insurance mentioned in the job description, such as property and medical malpractice. Understanding these areas will not only help you in interviews but also demonstrate your genuine interest in the role.

✨Tip Number 3

Brush up on your Excel skills, especially in building pricing models. Consider taking an online course or working on personal projects that involve data analysis to showcase your proficiency during discussions with potential employers.

✨Tip Number 4

Prepare for technical questions related to actuarial pricing and modelling. Review common methodologies and tools like VBA and GLM modelling, as being able to discuss these confidently can set you apart from other candidates.

We think you need these skills to ace Actuarial Pricing Analyst

Actuarial Pricing Knowledge
Statistical Analysis
Excel Proficiency
Visual Basic for Applications (VBA)
Rulebook Familiarity
SAS Experience
R Programming
Generalised Linear Models (GLM) Modelling
Analytical Skills
Communication Skills
Attention to Detail
Problem-Solving Skills
Ethics and Integrity
Ability to Learn Quickly

Some tips for your application 🫡

Understand the Role: Before applying, make sure you fully understand the responsibilities of an Actuarial Pricing Analyst. Familiarise yourself with the specific lines of insurance mentioned in the job description, such as property and medical malpractice.

Tailor Your CV: Highlight your relevant experience in general insurance and actuarial roles. Emphasise any work you've done with pricing models, Excel, or programming languages like VBA or R, as these are crucial for the position.

Craft a Strong Cover Letter: In your cover letter, express your passion for actuarial science and how your skills align with the company's values of collaboration and knowledge sharing. Mention specific examples of how you've contributed to team success in previous roles.

Showcase Analytical Skills: Since strong analytical skills are essential for this role, consider including a brief section in your application that outlines specific projects or tasks where you successfully applied your analytical abilities, particularly in pricing or risk assessment.

How to prepare for a job interview at Allied World

✨Know Your Numbers

As an Actuarial Pricing Analyst, you'll be dealing with a lot of data. Brush up on your mathematical and statistical knowledge, especially around pricing models and loss trends. Be prepared to discuss how you've used these skills in previous roles.

✨Familiarise Yourself with Tools

Make sure you're comfortable with Excel and any other tools mentioned in the job description, like VBA or SAS. If you have experience with GLM modelling, be ready to explain it. Showing that you can hit the ground running will impress your interviewers.

✨Demonstrate Analytical Skills

Prepare examples that showcase your analytical thinking. Think about times when you've solved complex problems or improved processes. This role requires strong analytical skills, so be ready to highlight your experiences.

✨Showcase Your Communication Skills

You'll need to communicate complex actuarial concepts to non-technical stakeholders. Practice explaining your past projects in simple terms. This will demonstrate your ability to collaborate effectively within teams and with clients.

Actuarial Pricing Analyst
Allied World
A
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