At a Glance
- Tasks: Analyse and develop pricing strategies for Political Violence, Risk, and Credit portfolios.
- Company: Join Chaucer, a leading insurance group at Lloyd's with a global presence.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic work environment with a commitment to diversity and inclusion.
- Why this job: Make an impact in the insurance industry while collaborating with diverse teams.
- Qualifications: Strong maths background and experience in general insurance pricing.
The predicted salary is between 55000 - 65000 € per year.
The Pricing Actuary will be responsible for actuarial pricing primarily for Chaucer’s Political Violence, Political Risk and Credit portfolios, focusing on account pricing, benchmark rate reviews, and portfolio analyses. The role will be strongly client-facing, incorporating support for broker negotiations, pricing support for insureds, and developing new pricing capabilities. The Pricing Actuary will also provide support for other classes as required within the insurance, reinsurance, and Partnership / Innovation divisions.
The successful applicant will have strong technical pricing skills, good communication skills, and commercial awareness to provide effective broker and client support. The Pricing Actuary will be located within the Actuarial pricing team in London and work directly with the underwriting team under the guidance of the Insurance Pricing Manager.
Main duties:
- Develop a deep understanding of the Political Violence, Political Risk and Credit classes, trends, and underwriting team strategy.
- Account pricing and underwriter support for broker negotiations.
- Ongoing portfolio monitoring for accounts and overall portfolio.
- Contributing ideas for new MI.
- Model recalibration reviews.
- Support the collection and maintenance of pricing data.
- Keep abreast of industry initiatives and develop new pricing/visualisation techniques and best practices where opportunities arise.
- Collaborate, present, and share knowledge with the wider Actuarial team on pricing approaches.
- Assistance for other pricing team activities as required.
Our requirements:
Relevant experience:
- Essential: General insurance pricing experience.
- Desirable: Experience of Political Violence, Political Risk and Credit classes of business; model development experience.
Technical skills:
- Essential: Strong IT skills, including comprehensive knowledge of Excel and VBA.
- Desirable: R or Python; SQL; experience in building and using dashboards in Power BI.
Education & Experience:
- Essential: 2.1 or 1st degree in Maths or a Maths-related subject (e.g. Physics, Engineering, Statistics); 3 or more strong ‘A’ levels, including Maths.
- Desirable: FIA qualified (candidates making good progress towards FIA will be considered; note that if not qualified the job title would be “Senior Pricing Analyst” until qualification).
Personal skills:
- Attention to detail.
- Self-motivated.
- Hard working and committed.
- Professionally presented.
- Organised and clear thinking.
- Flexible and adaptable.
- Ability to plan, organise work and multitask to meet targets and deadlines.
- Able to collaborate, work as a team, and communicate with staff at all levels.
Other responsibilities:
Some travel in support of Underwriter/Client meetings may be required.
ABOUT US: Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers, and property groups. Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai, and Singapore to be closer to our clients across the world. Chaucer is committed to diversity, actively values difference, and respects people regardless of the protected characteristics outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment, and selection process is fair, free from bias, and ensures we select the right person for the job based on merit. We are committed to promoting a culture that actively values difference and recognises that everyone has the right to be treated with dignity and respect throughout their employment. We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
Pricing Actuary - Political - Chaucer Group in London employer: Chaucer Group
Chaucer Group is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. As a leading insurance group at Lloyd's, we provide our employees with robust growth opportunities, a commitment to diversity, and the chance to work on impactful projects that protect industries globally. Our supportive culture encourages professional development and flexible working arrangements, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary - Political - Chaucer Group in London
✨Tip Number 1
Get to know the company inside out! Research Chaucer Group, their values, and recent projects. This will help you tailor your conversations during interviews and show that you're genuinely interested in being part of their team.
✨Tip Number 2
Practice your communication skills! Since the role is client-facing, being able to articulate your thoughts clearly is key. Try mock interviews with friends or use online platforms to get comfortable discussing your experience and ideas.
✨Tip Number 3
Network like a pro! Connect with current employees on LinkedIn or attend industry events. Building relationships can give you insights into the company culture and might even lead to referrals, which can boost your chances of landing the job.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and serious about joining the Chaucer team.
We think you need these skills to ace Pricing Actuary - Political - Chaucer Group in London
Some tips for your application 🫡
Know Your Stuff:Before you start writing, make sure you understand the role of a Pricing Actuary and the specific requirements mentioned in the job description. This will help you tailor your application to show how your skills and experiences align with what we're looking for.
Be Clear and Concise:When you're putting together your written application, keep it straightforward. Use clear language and avoid jargon unless it's relevant. We want to see your communication skills shine through, so make every word count!
Show Your Passion:Let us know why you're excited about this role and working with Chaucer. A bit of enthusiasm can go a long way! Share any relevant experiences or projects that demonstrate your interest in Political Violence, Political Risk, and Credit portfolios.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way to ensure it gets to the right people. Plus, you’ll find all the details you need about the application process there!
How to prepare for a job interview at Chaucer Group
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your strong technical pricing skills. Brush up on your actuarial principles and be ready to discuss specific examples of how you've applied these in previous roles. Familiarise yourself with the Political Violence, Political Risk, and Credit classes to show that you understand the nuances of these areas.
✨Communicate Clearly
Since this role is client-facing, effective communication is key. Practice explaining complex actuarial concepts in simple terms. You might even want to role-play broker negotiations with a friend to build your confidence and ensure you can articulate your thoughts clearly during the interview.
✨Showcase Your Tech Skills
Make sure you're comfortable with Excel, VBA, and any other relevant software like R or Python. Be prepared to discuss how you've used these tools in your past work, especially in model development or data visualisation. If you have experience building dashboards in Power BI, definitely highlight that!
✨Be Ready to Collaborate
Collaboration is crucial in this role, so think of examples where you've worked effectively in a team. Be ready to discuss how you share knowledge and contribute ideas within a group setting. This will show that you're not just a numbers person but also someone who values teamwork and communication.
