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- Tasks: Develop pricing models and support underwriting across Europe.
- Company: Join Berkshire Hathaway Specialty Insurance, a leader in commercial insurance.
- Benefits: Competitive salary, growth opportunities, and a collaborative work culture.
- Why this job: Make an impact in the insurance industry with a values-driven team.
- Qualifications: Qualified or nearly qualified actuary with strong technical skills.
- Other info: Dynamic role with opportunities for training and cross-functional collaboration.
The predicted salary is between 36000 - 60000 £ 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 actuarial candidate to join our European Actuarial Team. This position will be based in our London office with a focus on our UK and European Executive & Professional Lines portfolio including Commercial Directors & Officers, Professional Indemnity, Financial Institutions, Cyber and Transactional Liability, as well as the Marine and DUA portfolios. The tasks and responsibilities will grow in line with the maturity of the business and the candidate's profile.
The role is open for candidates who are qualified or nearly qualified as an actuary and have the right to work in the UK. Job title and compensation will be commensurate with the experience and exam level of the individual.
- Prioritize and drive the development of pricing models and work closely with the global actuarial function to ensure accurate implementation.
- Carry out and deliver existing projects such as pricing model recalibration and enhancement.
- Price individual large insurance policies and be the business partner for underwriters in this process.
- Work with the data compilation team to ensure high quality data capture.
- Provide general pricing support to the business across 9 countries in Europe, including technical assistance on pricing models and data quality issues.
- Measure, track, and monitor products performance by producing product reviews to support portfolio management and underwriting strategies.
- Collaborate across functions and regions on the development and maintenance of actuarial pricing and reporting processes.
- Carry out pricing model training sessions across Europe online and in person.
- Work with Global Underwriting Officers and build close business partnerships with key stakeholders.
Qualifications:
- Bachelor's Degree or equivalent in actuarial studies, mathematics, statistics, or a related field.
- Actuarial experience in a General Insurance role, preferably in Pricing.
- Nearly or fully qualified actuary with strong technical skills.
- Advanced skills in MS Excel and at least one of the programming languages such as SQL, VBA, R and/or Python.
- Excellent oral and written communication skills in English, capable of communicating complex concepts to a non-actuarial audience.
A competitive package and exciting growth opportunities for career-oriented teammates. Compensation will be commensurate with experience.
Actuarial Analyst in London employer: Berkshire Hathaway Specialty Insurance
Contact Detail:
Berkshire Hathaway Specialty Insurance Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to current employees at BHSI. A friendly chat can sometimes lead to opportunities that aren’t even advertised.
✨Show Off Your Skills
When you get the chance to meet potential employers, make sure to highlight your technical skills, especially in Excel and programming languages like SQL or Python. Bring examples of your work or projects that demonstrate your expertise in actuarial analysis.
✨Prepare for Interviews
Do your homework on BHSI and the specific role you’re applying for. Be ready to discuss how your experience aligns with their values of respect, integrity, and collaboration. Practise common interview questions and think about how you can showcase your character and capabilities.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re genuinely interested in being part of the BHSI team.
We think you need these skills to ace Actuarial Analyst in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Analyst role. Highlight your actuarial experience, especially in pricing, and showcase any relevant projects or skills that align with what BHSI is looking for.
Craft a Compelling Cover Letter: Your cover letter should tell your story! Explain why you're passionate about joining BHSI and how your values align with theirs. Don’t forget to mention your technical skills and how they can benefit the team.
Showcase Your Technical Skills: Since this role requires strong technical skills, be sure to highlight your proficiency in MS Excel and any programming languages you know, like SQL or Python. Give examples of how you've used these skills in past roles.
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 your enthusiasm for the role at BHSI!
How to prepare for a job interview at Berkshire Hathaway Specialty Insurance
✨Know Your Numbers
As an Actuarial Analyst, you'll be dealing with complex data and pricing models. Brush up on your technical skills, especially in Excel and any programming languages mentioned in the job description like SQL or Python. Be ready to discuss how you've used these tools in past roles.
✨Understand the Business
Familiarise yourself with Berkshire Hathaway Specialty Insurance's portfolio, especially the Executive & Professional Lines. Knowing the specifics about Commercial Directors & Officers and Cyber Liability will show that you're genuinely interested and prepared to contribute from day one.
✨Showcase Your Communication Skills
You'll need to explain complex actuarial concepts to non-actuarial audiences. Prepare examples of how you've successfully communicated intricate ideas in previous roles. This will demonstrate your ability to collaborate effectively across functions.
✨Emphasise Teamwork and Values
BHSI values collaboration and integrity. Think of instances where you've worked as part of a team or contributed to a positive work culture. Highlighting your alignment with their values will help you stand out as a candidate who fits well within their organisational culture.