At a Glance
- Tasks: Join a dynamic team to enhance pricing strategies using AI and predictive modelling.
- Company: Lemonade, a forward-thinking company committed to diversity and innovation.
- Benefits: Competitive salary, supportive work environment, and opportunities for professional growth.
- Other info: Embrace a culture of learning and inclusivity in a vibrant London office.
- Why this job: Make a real impact in the insurance industry while advancing your actuarial career.
- Qualifications: 3-5 years of actuarial experience and a passion for data science and AI.
The predicted salary is between 63000 - 77000 £ per year.
We’re looking for a technically savvy Actuarial Pricing Associate to join the UK team and support pricing adequacy, accuracy, and competitiveness of our European products. You will contribute your actuarial expertise as part of an interdisciplinary team that includes data scientists, insurance Product and Underwriting professionals. Working in collaboration, you’ll help develop and implement new pricing capabilities that blend actuarial approaches with predictive modeling, machine learning, and artificial intelligence.
In this role you’ll:
- Support the pricing processes for the UK market, including price making, modeling, implementation, and pricing strategy.
- Balance rating accuracy and profitability with price comparison website competitiveness.
- Contribute to building the pricing machine that enables speed to market and competitive advantages.
- Support development of pricing for new products and add-ons.
- Identify optimal areas for pricing and underwriting action based on ongoing monitoring of the data.
- Further your actuarial education through industry research and stay on top of changing regulatory requirements.
What you’ll need:
- At least 3-5 years of non-life non-pet actuarial experience.
- Commitment in obtaining FIA (Fellow of the Institute of Actuaries) or FFA (Fellow of the Faculty of Actuaries).
- Ability to work in an office environment (London).
- Master’s degree in mathematics / econometrics / actuarial science / related field preferred.
- Personal lines experience required.
- Price comparison website (PCW) and/or commercial pricing experience is an advantage.
- General knowledge of data science programming languages such as Python (preferred) or R, and in database query tools such as SQL.
- Broad understanding of predictive modeling with focus on supervised models and affinity with unsupervised learning techniques.
- Enthusiasm about learning and adapting to the exciting world of AI – a commitment to exploring this field is a fundamental part of our culture.
Lemonade is an equal opportunity employer committed to diversity and inclusivity. We never discriminate on the basis of race, national origin, gender, gender identity, sexual orientation, protected veteran status, disability, age, or other legally protected status. If you require reasonable accommodations due to religious beliefs, pregnancy, or disabilities, let us know at any time.
Actuarial Associate, UK in London employer: Authic Labs
Authic Labs provides a collaborative work environment that fosters professional growth through interdisciplinary teamwork. Employees have the opportunity to engage with cutting-edge technologies and contribute to innovative pricing strategies. The company emphasizes continuous learning and adaptation to industry changes.
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Associate, UK in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Authic Labs). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Authic Labs. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Actuarial Associate, UK in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Authic Labs.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Authic Labs. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Authic Labs
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Authic Labs to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Authic Labs, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Authic Labs's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
