At a Glance
- Tasks: Calibrate pricing models and influence underwriting strategy in a high-impact role.
- Company: Leading specialist insurer with a focus on innovation and collaboration.
- Benefits: Up to £1,500 per day, hybrid work, and strategic influence.
- Other info: Dynamic environment with opportunities for professional growth.
- Why this job: Shape the future of pricing and work closely with senior leaders.
- Qualifications: Extensive actuarial pricing experience and strong analytical skills.
The predicted salary is between 60000 - 75000 £ per year.
Contract Pricing Actuary | London (Hybrid) | 6 Months | Up to £1,500 per day
One of the highest-profile actuarial contract opportunities currently on the market. We're supporting a leading specialist insurer in the search for an experienced Pricing Actuary to join its newly established Portfolio Management function. This is a unique opportunity to influence underwriting strategy, shape pricing capability and work directly with senior business leaders, including the Chief Underwriting Officer and Product Heads.
The Opportunity
You'll be responsible for calibrating 6–8 pricing models across the UK portfolio, building robust, repeatable processes that will underpin future pricing decisions. Your work will include:
- Reviewing and enhancing existing pricing model structures
- Extracting and analysing data
- Calibrating ground-up expected loss cost models
- Back testing against historical portfolios
- Reverse engineering rates into the existing rating structure
- Identifying model performance and areas for improvement
- Producing clear documentation for future calibration exercises
- Presenting findings and recommendations to senior stakeholders
About You
You'll bring:
- Extensive actuarial pricing experience within UK general insurance
- A strong track record of developing and calibrating pricing models across multiple lines of business
- Excellent technical and analytical capability
- Experience influencing underwriting and business stakeholders
- A strong understanding of UK liability insurance products
- The ability to work autonomously while collaborating across underwriting, actuarial and portfolio management teams
What's on offer?
London (Hybrid) 6-month contract Up to £1,500 per day Opportunity to help shape the future of pricing within a leading specialist insurer High-impact role with exposure to senior leadership and genuine strategic influence
Pricing Actuary in London employer: Avencia Talent Solutions
Avencia Talent Solutions is an excellent employer, offering a dynamic work culture in Leeds that fosters collaboration and innovation. Employees benefit from professional development opportunities and the chance to contribute to cutting-edge product advancements, making it a rewarding environment for those passionate about the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary in London
✨Tap into Local Agencies
For temporary roles like the one at Avencia Talent Solutions, don't overlook local recruitment agencies that specialise in the insurance sector. They often have inside info on your local market and can help you get your foot in the door quicker!
✨Seasonal Opportunities Are Gold
Insurance companies often ramp up staffing for specific seasons, especially during peak times like annual policy renewals. Keep an eye out for those temporary gigs and be ready to jump in. Make sure you’re on our website regularly to catch those listings!
✨Network with Industry Pros
Join insurance-focused online platforms and forums to connect with professionals who can share insider tips about temporary roles. Attend local industry meetups or workshops to widen your network; sometimes it’s all about who you know!
✨Showcase Your Flexibility
For temp roles, employers are often looking for candidates who can hit the ground running. Highlight any previous experience you have in fast-paced environments on your profile or during interviews, so Avencia Talent Solutions knows you can adapt quickly to their needs!
We think you need these skills to ace Pricing Actuary in London
Some tips for your application 🫡
Highlight Relevant Certifications:In the insurance world, having the right qualifications can set you apart. If you've got any certifications like Cert CII or other relevant credentials, make sure they're front and centre on your CV. It shows you're committed to the industry and ready to hit the ground running!
Showcase Your Customer Service Skills:Insurance is all about helping clients through tricky times. Use your application to mention your previous customer service experience or soft skills like problem-solving and empathy. These are crucial for any temporary role in the insurance sector, so don’t shy away from flexing these muscles!
Tailor Your CV for the Temp Role:For a temporary position, it's all about demonstrating your ability to adapt quickly. Tailor your CV to highlight experiences that show you can jump in and make an impact immediately. Mention short projects, freelance gigs, or any fast-paced roles that show you thrive in dynamic environments.
Be Clear About Availability:In your cover letter, clearly state your availability for the temporary role. Since this is a short-term gig, emphasising your flexibility and readiness to start immediately can really catch Avencia Talent Solutions's eye. Remember, they need someone who can fit right in, so make it easy for them to see you as that person!
How to prepare for a job interview at Avencia Talent Solutions
✨Master the Basics of Underwriting
Since you're aiming for a temporary role in insurance, brush up on the basic principles of underwriting. Be ready to discuss how you would assess risks and make simple decisions on policy issuance, as these are likely to come up in technical questions.
✨Familiarise Yourself with Relevant Regulations
Insurance is heavily regulated, so it helps to be familiar with key regulations that affect the industry. Bring up any specific legislation you're aware of and how it could impact your work at Avencia Talent Solutions. This shows you're engaged and knowledgeable.
✨Highlight Your Flexibility
As it's a temporary position, it's crucial to stress your adaptability. Talk about previous experiences where you had to pick up new tasks quickly or adjust to changing needs. Employers will appreciate your willingness to jump in and get the job done without a long onboarding process.
✨Prepare to Discuss Claims Processing
Be ready to dive into discussions around claims processing, as this might be a big part of your role. Bring along examples of how you've approached problem-solving in past roles, especially if you've dealt with customer claims or insurance queries before. It's a great way to show your relevant experience.
