Senior Actuarial Pricing Analyst
Senior Actuarial Pricing Analyst

Senior Actuarial Pricing Analyst

London Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support underwriting departments with actuarial pricing and maintain pricing models.
  • Company: Join a team that values unique perspectives and prioritises professional growth.
  • Benefits: Enjoy career training, mentoring programmes, and a supportive work culture.
  • Why this job: Be part of a dynamic environment impacting global insurance markets while developing your skills.
  • Qualifications: Bachelor’s in maths or stats; up to 3 years in General Insurance actuarial roles.
  • Other info: Experience with Excel, VBA, and modelling tools is a plus.

The predicted salary is between 48000 - 72000 £ per year.

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 under moderate supervision.

  • 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 classes of business written through Europe, Asia and the Lloyd’s Syndicate.
  • Help build and maintain pricing models in Excel and Rulebook.

Requirements:

  • Up to 3 years of experience as a General Insurance actuary, preferably in 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.

Senior Actuarial Pricing Analyst employer: Allied World

As a leading employer in the insurance sector, we pride ourselves on fostering a collaborative and inclusive work culture that values diverse perspectives. Our London-based team offers exceptional professional development opportunities, including tailored training and mentoring programmes, ensuring that our employees can thrive and advance their careers. With a focus on innovation and excellence, we provide a dynamic environment where you can contribute to meaningful projects while enjoying the benefits of a supportive workplace.
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Contact Detail:

Allied World Recruiting Team

StudySmarter Expert Advice 🤫

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

✨Tip Number 1

Familiarise yourself with the specific lines of business mentioned in the job description, such as property and medical malpractice. Understanding these areas will help you speak confidently about your relevant experience during interviews.

✨Tip Number 2

Brush up on your Excel skills, especially in building and maintaining pricing models. Consider creating a sample model to showcase your abilities, as this could be a great talking point in your interview.

✨Tip Number 3

If you have experience with VBA, Rulebook, SAS, R, or GLM modelling, prepare to discuss specific projects where you used these tools. Highlighting your technical skills will demonstrate your capability to contribute effectively from day one.

✨Tip Number 4

Network with professionals in the actuarial field, particularly those who work in London Market Pricing. Engaging with industry peers can provide insights into the role and may even lead to referrals, increasing your chances of landing the job.

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

Actuarial Pricing Expertise
Statistical Analysis
Excel Proficiency
Visual Basic for Applications (VBA)
Rulebook Knowledge
SAS Experience
R Programming
Generalised Linear Models (GLM) Modelling
Attention to Detail
Analytical Skills
Problem-Solving Skills
Communication Skills
Portfolio Review Skills
Research Skills
Understanding of Insurance and Reinsurance Markets

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in actuarial pricing and general insurance. Emphasise any specific projects or roles that align with the job description, particularly those involving Excel, VBA, and model building.

Craft a Compelling Cover Letter: Write a cover letter that showcases your passion for actuarial work and your understanding of the insurance industry. Mention your experience with pricing models and how you can contribute to the company's goals.

Highlight Technical Skills: Clearly list your technical skills, especially your proficiency in Excel, VBA, and any experience with SAS, R, or GLM modelling. Provide examples of how you've used these tools in previous roles.

Showcase Continuous Learning: Mention any professional development courses, certifications, or training you've undertaken related to actuarial science. This demonstrates your commitment to growth and aligns with the company's values of empowering individuals.

How to prepare for a job interview at Allied World

✨Showcase Your Technical Skills

Make sure to highlight your proficiency in Excel and any experience with VBA, SAS, R, or GLM modelling. Be prepared to discuss specific projects where you've used these tools, as this will demonstrate your capability to handle the technical aspects of the role.

✨Understand the Business Lines

Familiarise yourself with the various lines of business mentioned in the job description, such as property, general casualty, and medical malpractice. Being able to discuss how actuarial pricing applies to these areas will show your understanding of the industry and its nuances.

✨Prepare for Scenario-Based Questions

Expect questions that assess your problem-solving skills and ability to apply actuarial principles in real-world scenarios. Practise articulating your thought process when faced with hypothetical situations related to pricing models or portfolio reviews.

✨Emphasise Continuous Learning

Since the company values professional development, be ready to discuss how you’ve pursued growth in your career. Mention any relevant courses, certifications, or mentoring experiences that have contributed to your expertise in actuarial science.

Senior Actuarial Pricing Analyst
Allied World
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