At a Glance
- Tasks: Support underwriters with actuarial analysis and pricing recommendations for insurance portfolios.
- Company: Join AXIS Capital, a global leader in specialty lines insurance and reinsurance.
- Benefits: Comprehensive benefits package including medical plans, wellness programs, and tuition reimbursement.
- Why this job: Make a real impact in the insurance industry while collaborating with top professionals.
- Qualifications: Actuarial qualifications or experience, strong communication skills, and a collaborative mindset.
- Other info: Flexible work environment with opportunities for growth and development.
The predicted salary is between 36000 - 60000 £ per year.
Join AXIS Capital – a trusted global provider of specialty lines insurance and reinsurance. We stand apart for our outstanding client service, intelligent risk taking and superior risk adjusted returns for our shareholders. We also proudly maintain an entrepreneurial, disciplined and ethical corporate culture. As a member of AXIS, you join a team that is among the best in the industry. At AXIS, we believe that we are only as strong as our people. We strive to create an inclusive and welcoming culture where employees of all backgrounds and from all walks of life feel comfortable and empowered to be themselves.
How does this role contribute to our collective success? The Pricing function supports underwriters and management in building robust and profitable portfolios by providing objective insights through deep product expertise.
What will you do in this role?
- Support underwriters with the evaluation of new and renewal business by providing detailed actuarial analysis of expected profitability and impact on the existing book of business.
- Provide actuarial pricing recommendations regarding risk selection, contract structure, coverage and pricing for individual deals.
- Collaborate with the pricing systems development team and data & analytics teams to deliver on longer‑term goals relating to upgrading pricing models, databases, dataflows and analytical output.
- Work closely with underwriters and the wider pricing team to scope, build, develop, document and maintain rating models and methods.
- Input into the business planning process for the AXIS Group and legal entities – primarily to determine gross loss ratio picks, but also to inform assumptions around the efficacy of, and recoverability from, different outward reinsurance programme structures.
- Work alongside the pricing team to further develop product monitoring and segmental review processes within classes of business to objectively assess profitability; provide evidence‑based conclusions and recommendations for strategic changes, underwriting actions and portfolio optimisation.
- Establish and maintain tracking and monitoring processes on segments of the current portfolio to help identify and communicate early trend/key insight emergence.
- Evaluate the impact of market conditions and rate changes.
- Analyse the rating environment and market behaviour within key business lines.
- Maintain the feedback loop (control cycle) and provision of information and analysis between the pricing, reserving, capital modelling and business planning processes.
- Assist in regular reporting requirements internally and externally as required.
You may also be required to take on additional duties, responsibilities and activities appropriate to the nature of this role.
About You
We encourage you to bring your own experience and expertise to the table, so while there are some qualifications and experiences, we need you to have, and we are open to discussing how your individual knowledge might lend itself to fulfilling this role and help us achieve our goals.
What you need to have:
- Associate or Fellow of an accredited Actuarial Society, or commensurate experience.
- Intention to qualify as a fellow of a professional body, strong track record of progress in actuarial examinations to date.
- Keen collaborator able to build relationships.
- Able to communicate technical concepts to a non‑technical audience.
- Growth mindset with a desire to seek diverse thought, learn from others and share.
What we prefer you to have:
- General insurance, London Market and pricing backgrounds are highly desired, but not essential.
Role Factors: Be in the office 3 days per week.
What we offer: You will be eligible for a comprehensive and competitive benefits package which includes medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave, and much more.
Seniority level: Mid‑Senior level
Employment type: Full‑time
Job function: Finance and Sales
Industry: Insurance
Portfolio Pricing Actuary in City of London employer: AXIS (AXIS Capital)
Contact Detail:
AXIS (AXIS Capital) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Portfolio Pricing Actuary in City of London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even reach out to current AXIS employees on LinkedIn. Building relationships can open doors that a CV just can't.
✨Show Off Your Skills
When you get the chance to chat with someone from AXIS, make sure to highlight your actuarial skills and any relevant experience. Be ready to discuss how your background aligns with their needs, especially in pricing and risk analysis.
✨Prepare for the Interview
Do your homework on AXIS and the role of Portfolio Pricing Actuary. Understand their values and how you can contribute to their success. Prepare some thoughtful questions to show you're genuinely interested in the company and the position.
✨Apply Through Our Website
Don't forget to apply through the AXIS website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you're serious about joining the team.
We think you need these skills to ace Portfolio Pricing Actuary in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Portfolio Pricing Actuary role. Highlight relevant experience and skills that align with the job description, especially your actuarial qualifications and any pricing experience.
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role at AXIS and how your background makes you a great fit. Don’t forget to mention your collaborative spirit and growth mindset!
Showcase Your Analytical Skills: Since this role involves a lot of analysis, be sure to include examples of how you've used your analytical skills in past roles. Whether it's pricing models or market analysis, we want to see your expertise in action!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands and shows us you’re serious about joining our team at AXIS!
How to prepare for a job interview at AXIS (AXIS Capital)
✨Know Your Numbers
As a Portfolio Pricing Actuary, you'll be dealing with a lot of data and statistics. Brush up on your actuarial principles and be ready to discuss how you would approach pricing models and profitability analysis. Be prepared to share specific examples from your past experiences that demonstrate your analytical skills.
✨Show Your Collaborative Spirit
AXIS values teamwork, so highlight your ability to work with underwriters and other teams. Think of instances where you've successfully collaborated on projects or tackled challenges as part of a team. This will show that you're not just a numbers person but also someone who can build relationships and communicate effectively.
✨Communicate Clearly
You’ll need to explain complex actuarial concepts to non-technical audiences. Practice simplifying your explanations and using relatable examples. During the interview, focus on clarity and ensure that your passion for the subject shines through, making it easier for others to understand your insights.
✨Embrace the Growth Mindset
AXIS is looking for candidates who are eager to learn and grow. Be ready to discuss how you've sought out feedback in the past and how you've used it to improve your skills. Share your aspirations for further qualifications and how you plan to contribute to the company's success while developing your career.