At a Glance
- Tasks: Support actuarial pricing and collaborate with underwriting teams on diverse insurance products.
- Company: AmTrust, a global leader in insurance solutions with a focus on talent development.
- Benefits: Full actuarial study package, competitive salary, and exposure to various actuarial disciplines.
- Other info: Dynamic work environment with opportunities for professional growth and collaboration.
- Why this job: Kickstart your career in actuarial science and make a real impact in a growing company.
- Qualifications: Numerate graduate with strong analytical skills and proficiency in Excel; coding experience is a plus.
The predicted salary is between 30000 - 40000 £ per year.
Company Overview
AmTrust is a global insurance provider offering risk-management solutions and business underwriting. Today AmTrust International underwrites over $1.8 billion of gross written premiums and employs more than 1500 employees globally.
Responsibilities
We are seeking a Trainee Actuary to join our London office, working within the Pricing team. In this role, you will support the delivery of actuarial pricing across a diverse portfolio of General Insurance products, collaborating closely with underwriting teams to develop and maintain pricing models, monitor performance and contribute to the pricing of both existing and new products. This position offers a unique opportunity to gain exposure to a wide range of insurance classes and play a key role in supporting business growth within an ambitious and expanding organisation.
You will be involved in analysing pricing assumptions against experience, helping to refine models and supporting the development of rate monitoring and adequacy frameworks. The role also provides the opportunity to work with colleagues across reserving, capital and reinsurance functions, giving you broad exposure across actuarial disciplines. AmTrust is committed to developing talent, and a full actuarial study package is available.
Qualifications
We are looking for a highly numerate graduate who is passionate about building a career in actuarial science. You will have strong analytical capability, proficiency in Excel and an interest or experience in coding languages such as Python, R, VBA or SQL. Alongside technical ability, strong communication skills and the ability to build relationships across the business will be key to your success in this role.
Trainee Actuary employer: AmTrust International
AmTrust is an excellent employer for aspiring actuaries, offering a dynamic work environment in the heart of London. With a strong commitment to employee development, including a comprehensive actuarial study package, you will have ample opportunities for growth and collaboration across various actuarial disciplines. The company's supportive culture fosters innovation and teamwork, making it an ideal place for those seeking a meaningful and rewarding career in insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Trainee Actuary
✨Tip Number 1
Network like a pro! Reach out to current or former employees at AmTrust 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 technical skills. Since you'll be working with pricing models, make sure you're comfortable discussing Excel, Python, or any coding languages you know. Show them you’re ready to dive in!
✨Tip Number 3
Don’t underestimate the power of soft skills! Practice how you communicate complex ideas clearly. Being able to explain your thought process will impress the interviewers and show you can collaborate effectively.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining the team at AmTrust. Let’s get you that Trainee Actuary role!
We think you need these skills to ace Trainee Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Trainee Actuary role. Highlight your analytical capabilities, any coding experience, and your passion for actuarial science. We want to see how you fit into our team!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're excited about the role and how your background aligns with our needs. Be genuine and let your personality come through – we love seeing the real you!
Showcase Your Skills:Don’t just list your skills; demonstrate them! If you’ve worked on projects involving Excel or coding languages like Python or R, mention specific examples. We’re looking for evidence of your analytical prowess and problem-solving abilities.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the details you need about the role and our company there!
How to prepare for a job interview at AmTrust International
✨Know Your Numbers
As a Trainee Actuary, you'll be dealing with a lot of data. Brush up on your numerical skills and be prepared to discuss how you've used analytical tools like Excel or coding languages such as Python or R in your studies or previous experiences.
✨Understand the Insurance Landscape
Familiarise yourself with general insurance products and pricing models. Research AmTrust's portfolio and be ready to discuss how you can contribute to their pricing strategies. Showing that you understand the industry will impress your interviewers.
✨Showcase Your Communication Skills
Actuaries often work with various teams, so it's crucial to demonstrate your ability to communicate complex ideas clearly. Prepare examples of how you've successfully collaborated with others in the past, whether in group projects or internships.
✨Ask Insightful Questions
Interviews are a two-way street! Prepare thoughtful questions about the role, the team dynamics, and AmTrust's approach to actuarial science. This shows your genuine interest in the position and helps you assess if it's the right fit for you.
