At a Glance
- Tasks: Support pricing decisions by preparing data and running models for portfolio deals.
- Company: Dynamic insurance firm in London with a focus on innovation and teamwork.
- Benefits: Paid study leave, financial support for exams, and comprehensive health benefits.
- Other info: Collaborative environment with opportunities for professional growth and development.
- Why this job: Kickstart your career in actuarial science while making a real impact in the insurance industry.
- Qualifications: Degree in a relevant field and strong analytical skills; interest in actuarial qualifications.
The predicted salary is between 30000 - 40000 £ per year.
The Pricing function supports underwriters and management by providing objective insights into portfolio deals and monitoring portfolio performance. This position is designed to build foundational actuarial and portfolio pricing skills with exposure to structured and multi‑class portfolio solutions.
Responsibilities
- Support the pricing of portfolio deals by preparing data, running models, and producing 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.
- 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.
- 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.
Qualifications
- 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 quick learner with strong numeracy skills.
- Willingness to question and investigate.
- Strong data analytical skills.
- Interest in the insurance industry.
Preferred Qualifications
- Experience within the insurance industry either academically or through prior internships.
- Familiarity with SQL, VBA, R, Microsoft Office.
Role Factors
Typically required to be in the office 3 days per week, or when required.
Benefits
- Actuarial Study Program with paid study leave up to 40 days per year, financial support for course materials and exam fees, and salary increases for passed exams.
- Comprehensive benefits package including medical plans for you and your family, health and wellness programs, retirement plans, tuition reimbursement, paid annual leave.
Equal Opportunity Employer
All qualified applicants will receive consideration for employment without regard to any protected characteristic, including age, color, disability, ethnicity, gender identity, marital status, national origin, pregnancy, race, religion, sex, sexual orientation, veteran status, or any basis prohibited by the laws that govern its operations.
Junior Portfolio Pricing Analyst employer: AXIS Capital
As a Junior Portfolio Pricing Analyst in London, you will join a dynamic team that fosters a collaborative and inclusive work culture, providing you with the opportunity to develop your actuarial skills while contributing to impactful portfolio pricing decisions. The company offers a robust Actuarial Study Program with generous paid study leave and financial support for your professional development, alongside a comprehensive benefits package that prioritises your health and well-being. With a commitment to employee growth and a supportive environment, this role is perfect for those looking to build a meaningful career in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Junior Portfolio Pricing Analyst
✨Get Involved with Campus Finance Societies
Join your university's finance or investment society — they're a goldmine for networking, guest lectures, and career fairs. These societies often host employers looking for entry-level talent like you, so get involved and make yourself known!
✨Attend Industry Workshops and Webinars
Look for workshops and webinars focused on banking and financial services. These events not only boost your knowledge but also let you connect with industry professionals who could help you land that entry-level role at places like AXIS Capital.
✨Leverage LinkedIn for Informational Interviews
Take advantage of LinkedIn to reach out to professionals working in banking, especially those who've started in entry-level positions. Politely ask for a quick chat about their experience and any advice they might have on breaking into the field.
✨Apply Directly through Company Websites
Don't just rely on job boards. Head directly to AXIS Capital's careers page and look for their entry-level openings. They might have opportunities that aren’t advertised widely, so keep checking back for new listings!
We think you need these skills to ace Junior Portfolio Pricing Analyst
Some tips for your application 🫡
Splash Your Skills on Your CV:In the banking and financial services realm, it's all about numbers and analysis. Make sure to highlight any relevant coursework, internships, or projects where you've used skills like financial modelling, data analysis, or risk assessment. Show us you can crunch those numbers!
Educational Achievements Matter:For an entry-level role, your grades and academic accomplishments are key. If you have any certifications, like CFA Level 1 or something similar, don’t forget to include them. We love seeing ambition and commitment to the industry, so flaunt those achievements!
Craft a Personal Touch in Your Cover Letter:Your cover letter is your chance to show us your enthusiasm for banking and finance! Share why you're passionate about the industry and how your studies or previous experiences have prepared you for this role. We want to see that spark and motivation!
Use the Right Format and Language:In banking, clarity is king. Use a clean, professional format for your CV and cover letter. Make sure to avoid jargon, but don’t shy away from technical terms where appropriate – just keep it all clear and easy to read. Let’s see your professionalism shine through!
How to prepare for a job interview at AXIS Capital
✨Brush Up on Your Financial Knowledge
Since you're diving into the banking and financial services industry, make sure you're up to speed with current market trends and financial concepts. Be prepared to discuss things like interest rates and investment strategies, as you might get some technical questions that gauge your understanding.
✨Show Off Your Analytical Skills
Analytical skills are key in banking, so be ready to showcase how you've used them in your studies or any relevant projects. Prepare to tackle case studies or hypothetical financial scenarios during the interview that require you to analyse data and make informed decisions.
✨Demonstrate Your Team Spirit
As this is an entry-level role, they’ll likely look for how well you can collaborate and fit into their team. Think of examples from group projects or internships where you successfully worked with others. It'll help show that you're keen to learn and grow in a team-oriented environment.
✨Prepare Thoughtful Questions
Approach your interview with curiosity! Prepare insightful questions that reflect your knowledge of the industry, such as asking about the latest technology being implemented in their services. It shows you're genuinely interested in the company's operations and future.
