Casualty (Senior) Pricing Actuary London, United Kingdom
Casualty (Senior) Pricing Actuary London, United Kingdom

Casualty (Senior) Pricing Actuary London, United Kingdom

Full-Time 43200 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Drive innovative pricing models and collaborate with global teams to enhance insurance solutions.
  • Company: Join Berkshire Hathaway Specialty Insurance, a leader in commercial insurance with a values-driven culture.
  • Benefits: Competitive salary, growth opportunities, and a dynamic, non-bureaucratic work environment.
  • Why this job: Be part of a fast-paced team making a real impact in the insurance industry across Europe.
  • Qualifications: Qualified actuary with 8+ years in General Insurance Pricing and strong technical skills.
  • Other info: Inclusive culture that values diversity and encourages personal and professional development.

The predicted salary is between 43200 - 72000 £ per year.

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work.

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for an experienced and talented Actuary to join our European Actuarial Team in our London office. The role will support our UK and European portfolios, with a focus on our Casualty and Medical Malpractice portfolios. The role may have exposure to other lines of business and global initiatives. The role is open for candidates who are qualified as an actuary and have the right to work in the UK.

Duties & Responsibilities

  • Prioritize and drive the development of new pricing models and work closely with the global actuarial function to ensure accurate implementation.
  • Carry out and deliver recalibration and enhancements of existing pricing models.
  • Research and implementation of new pricing techniques.
  • Price individual large insurance policies and be the business partner for underwriters in this process.
  • Peer review individual policy pricings conducted by junior members of the team.
  • Work with the data compilation team to ensure high quality data capture.
  • Measure, track, and monitor products performance by producing product reviews to support portfolio management and underwriting strategies.
  • Analyse claims and exposure data.
  • Collaborate across functions and regions on the development and maintenance of actuarial pricing and reporting processes.
  • Provide general pricing support to the business across 9 countries in Europe.
  • Carry out training sessions on pricing models and reporting tools across Europe on-line and in person.
  • Work with Global Underwriting Officers and build close business partnership with key stakeholders.

Qualifications, Skills and Experience

  • Bachelor’s Degree or equivalent in actuarial studies, mathematics, statistics, or a related field.
  • 8 years+ of actuarial experience, with the majority in a General Insurance Pricing role.
  • Fully qualified actuary with strong technical skills.
  • Advanced skills in MS Excel.
  • Proficiency in SQL, VBA, and either R or Python.
  • Excellent oral and written communication skills in English.
  • Strong interpersonal skills and the ability to work in a team environment as well as independently.
  • Strong desire to learn from and share knowledge with teammates.

BHSI Offers

  • A competitive package and exciting growth opportunities for career-oriented teammates.
  • A dynamic, action oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates, and our other stakeholders.
  • A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework.

To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to hr.europe@bhspecialty.com.

Casualty (Senior) Pricing Actuary London, United Kingdom employer: BERKSHIRE HATHAWAY SPEC INS

Berkshire Hathaway Specialty Insurance (BHSI) is an exceptional employer that fosters a dynamic and inclusive work culture in London, where respect, integrity, and collaboration are at the forefront. With a commitment to employee growth and development, BHSI offers competitive compensation packages and exciting opportunities for career advancement within a non-bureaucratic environment that values individual excellence. Join our innovative team and contribute to building a leading insurance company while enjoying the benefits of a supportive and diverse workplace.
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Contact Detail:

BERKSHIRE HATHAWAY SPEC INS Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Casualty (Senior) Pricing Actuary London, United Kingdom

✨Tip Number 1

Network like a pro! Reach out to current or former employees at BHSI on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.

✨Tip Number 2

Prepare for the interview by brushing up on your technical skills. Since this role involves pricing models and data analysis, be ready to discuss your experience with SQL, Excel, and any programming languages you know. Show them you’re the expert they need!

✨Tip Number 3

Don’t just focus on your qualifications; highlight your soft skills too! BHSI values collaboration and communication, so share examples of how you've worked well in teams or helped others understand complex concepts.

✨Tip Number 4

Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in being part of the BHSI team. Don’t miss out on this opportunity!

We think you need these skills to ace Casualty (Senior) Pricing Actuary London, United Kingdom

Actuarial Skills
Pricing Model Development
Data Analysis
MS Excel
SQL
VBA
R or Python
Communication Skills
Interpersonal Skills
Team Collaboration
Training and Development
Research Skills
Portfolio Management
Problem-Solving Skills
Attention to Detail

Some tips for your application 🫡

Tailor Your CV: Make sure your CV reflects the skills and experiences that align with the role of a Casualty Pricing Actuary. Highlight your actuarial qualifications, relevant experience, and any specific projects that showcase your expertise in pricing models.

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role at BHSI. Share your passion for the insurance industry and how your values align with ours—respect, integrity, and collaboration are key!

Showcase Your Technical Skills: Since this role requires advanced skills in MS Excel, SQL, and programming languages like R or Python, make sure to mention these prominently. If you have examples of how you've used these skills in past roles, include them!

Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It’s the best way for us to receive your application and ensures you don’t miss out on any important updates from our team!

How to prepare for a job interview at BERKSHIRE HATHAWAY SPEC INS

✨Know Your Numbers

As a Senior Pricing Actuary, you'll need to demonstrate your technical skills. Brush up on your actuarial models and be ready to discuss how you've developed or recalibrated pricing models in the past. Be prepared to explain complex concepts in simple terms, as you may need to communicate with non-actuarial colleagues.

✨Showcase Your Collaboration Skills

BHSI values teamwork, so highlight your experience working across functions. Think of examples where you've partnered with underwriters or claims teams to drive results. This will show that you're not just a numbers person but also someone who thrives in a collaborative environment.

✨Research the Company Culture

Familiarise yourself with BHSI's values of respect, integrity, and excellence. During the interview, weave these values into your responses. For instance, share how you’ve demonstrated integrity in your work or how you foster inclusivity within your team.

✨Prepare for Technical Questions

Expect questions on SQL, VBA, and programming languages like R or Python. Brush up on your technical knowledge and be ready to solve problems on the spot. Practising common actuarial scenarios can help you feel more confident when tackling these questions.

Casualty (Senior) Pricing Actuary London, United Kingdom
BERKSHIRE HATHAWAY SPEC INS
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