At a Glance
- Tasks: Support pricing analysis and collaborate with teams to evaluate portfolio deals.
- Company: Join AXIS Capital, a leading global provider of specialty insurance and reinsurance.
- Benefits: Enjoy competitive pay, comprehensive benefits, and paid study leave for actuarial exams.
- Other info: Work in a supportive, inclusive environment with opportunities for career growth.
- Why this job: Make an impact in the insurance industry while developing your analytical skills.
- Qualifications: First class or 2:1 degree, strong numeracy, and interest in actuarial qualifications.
The predicted salary is between 60000 - 80000 £ per year.
This posting is for an existing vacancy. This is your opportunity to 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 the pricing of portfolio deals by preparing data, running models, and assisting in the production of analysis for pricing decisions.
- Work with underwriters and actuarial colleagues to understand risk profiles and contribute to pricing analysis and evaluation of deal structures.
- Assist with portfolio monitoring, including analysis of rate change, premium adequacy, exposure movements, and loss experience to support insights on performance.
- Help maintain and update pricing tools, models, benchmarks, and portfolio metrics, ensuring data accuracy and consistency.
- Contribute to the development of expected loss ratios and key pricing assumptions for business planning, considering business mix, market conditions, and observed trends.
- Perform data validation, analysis, and basic modelling to support pricing and portfolio analytics.
- Collaborate with teams across underwriting, reserving, catastrophe modelling, capital, and finance to support aligned analysis and outputs.
- Participate in team projects and actively develop technical, actuarial, and commercial skills.
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 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:
- First class or 2:1 university degree.
- Interest in qualifying as a member of an actuarial society.
- Excellent communication and interpersonal skills.
- Thoroughness and attention to detail.
- Ability to document work appropriately.
- Ability to work well in a team.
- Self-starter and a quick learner with strong numeracy skills.
- Willing to question and investigate.
- Strong data analytical skills.
- Interest in the insurance industry.
What we prefer you to have:
- Experience within the insurance industry either academically or through prior internships.
- Familiarity with SQL, VBA, R, Microsoft Office is preferred.
Role factors: Be in the office 3 days per week, or when required.
What we offer: You will be eligible for the Actuarial Study Program which includes paid study leave for up to 40 days a year, financial support for the cost of course materials and exam fees, and salary increases for passed exams. 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.
Junior Portfolio Pricing Analyst employer: AXIS (AXIS Capital)
AXIS Capital is an exceptional employer that fosters a collaborative and inclusive work environment in the heart of London. As a Junior Portfolio Pricing Analyst, you will benefit from a comprehensive Actuarial Study Program, competitive benefits, and ample opportunities for professional growth within a disciplined and ethical corporate culture. Join a team that values your unique contributions and empowers you to thrive in the dynamic insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Portfolio Pricing Analyst
✨Dive into Insurance Networking Events
Get your foot in the door by attending local insurance networking events or job fairs. These gatherings are perfect for us to meet potential employers in a casual setting, and you might just find a great connection to help land that entry-level role!
✨Join Online Insurance Communities
Hop onto platforms like LinkedIn or specialised forums centred on insurance. Engage with discussions, ask questions, and showcase your eagerness to break into the industry. This visibility can make you stand out to hiring managers scouring these spaces for fresh talent.
✨Leverage University Resources
If you're fresh out of uni, make sure to utilise your university’s career services. They can connect us with companies looking for entry-level candidates, often before jobs are even advertised. Keep an eye on internship opportunities, as they can lead to full-time positions down the line!
✨Apply Directly Through Us!
Don't forget to check our website for any entry-level openings at AXIS (AXIS Capital)! Applying directly can give you a better chance to showcase your enthusiasm and passion for the insurance field, plus, it shows you’re keen to take the initiative.
We think you need these skills to ace Junior Portfolio Pricing Analyst
Some tips for your application 🫡
Show Your Customer Service Skills:In the insurance industry, customer service is key! Highlight any experience you have in dealing with clients or customers, whether it's through a part-time job or volunteer work. Remember, we love seeing your potential to communicate effectively and empathise with clients in your application!
Tailor Your CV to Insurance Basics:When crafting your CV, don't forget to include any relevant courses or certifications you've taken in insurance or finance. If you've studied topics related to risk assessment or policy management, mention those! It shows us you're serious about getting into the insurance game.
Craft a Compelling Cover Letter:For entry-level roles, your cover letter is your chance to shine! Share why you're passionate about insurance and how you’re eager to learn and grow in this field. We want to see that you're genuinely excited about building your career with AXIS (AXIS Capital)!
Highlight Your Analytical Mindset:Insurance is all about assessing risks and understanding numbers. Make sure to mention any coursework or experience you have with data analysis or critical thinking. Even if it’s from school projects or personal interests, we want to see that you can think analytically!
How to prepare for a job interview at AXIS (AXIS Capital)
✨Know Your Basics: The Insurance Fundamentals
Understand the core concepts of insurance, such as risk assessment, underwriting, and claims processes. This knowledge will help us demonstrate our familiarity with the industry and prepare us for any technical questions that might pop up during the interview.
✨Prepare for Behavioural Questions
Insurance companies love behavioural interviews! We should think about times we've shown teamwork, problem-solving, and customer service skills. Reflecting on specific experiences will help us come across as reliable candidates who can handle the challenges of the role.
✨Show Enthusiasm for Learning
As this is an entry-level position, it's crucial to express our eagerness to learn and grow within the company. Employers like AXIS (AXIS Capital) want to see that we're enthusiastic about diving into the insurance world and building our knowledge base over time.
✨Research Industry Trends
Staying updated on the latest trends in the insurance sector, like digital transformation and regulatory changes, can set us apart. Mentioning these trends during the interview shows that we’re engaged and have a forward-thinking mindset, aligning well with the company’s goals.