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- Tasks: Support pricing for reinsurance portfolios and enhance pricing models using technology.
- Company: Join Chaucer, a leading global insurer with a strong financial track record.
- Benefits: Enjoy flexible hybrid work, extensive benefits, and a supportive culture.
- Why this job: Make an impact in the insurance industry while developing your actuarial skills.
- Qualifications: Part-qualified actuary with strong analytical and interpersonal skills.
- Other info: Collaborative environment with opportunities for career growth and exam support.
The predicted salary is between 36000 - 60000 £ per year.
Chaucer is a leading global insurer operating in both Lloyd's and company markets, helping industries worldwide manage risk—from nuclear, shipping, manufacturing, and property. Headquartered in London, with offices in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore, we're close to our clients wherever they are.
This is a role within Chaucer's Reinsurance Pricing team. The Senior Pricing Analyst will provide pricing support primarily for Chaucer's growing reinsurance (Property, Specialty and Casualty Treaty), Partnership and Cyber portfolios across London and International offices. The Senior Pricing Analyst will work closely with divisional actuaries in the team to balance workload, broaden experience and facilitate consistency of approach.
The Pricing team works closely with underwriting teams to provide individual case pricing support, develop pricing models that allow underwriters to price, compare and monitor accounts, and development of risk and portfolio insight tools to inform business decision-making. Actuarial study support towards Institute and Faculty of Actuaries qualification will be provided for this role.
Job Description
- Support account pricing and underwriter support for broker and negotiations
- Provide support to design, build and enhance Excel-based pricing models and pricing analytics that meet underwriter requirements and incorporate improved insights
- Work collaboratively with underwriters, the pricing team and management across the planning and development process.
- Research and develop techniques and approaches to deliver improvements in modelling capabilities, data quality and operational efficiency through model design and use of technology.
- Develop strong relationships with underwriting and catastrophe modelling teams to coordinate sharing of best practices
- Document new models and provide training
- Communicate and present models to business stakeholders
- Collaborate, present and share knowledge with the wider Actuarial team
- Assistance for other pricing team activities as required
- Desire to sit the IFoA exams and become an FIA qualified actuary
Skills and Competencies
- London Market pricing experience (ideally reinsurance) would be advantageous
- Interpersonal, verbal and written skills
- Analytical skills - logical, methodical and rational approach to problem solving
- Comfortable with interpreting and producing numerical data
- Able to present findings to key stakeholders
- Self-motivated, hard-working and takes initiative
- Ability to plan and organise work to meet targets and deadlines
- Able to collaborate, work as a team and communicate with staff at all levels
- Working knowledge of Python / R and SQL
- Comprehensive knowledge of Excel and VBA
Education
- Part-Qualified Actuary, making good progress through the IFoA exams or equivalent
- 2.1 or 1st degree in Mathematics or numeric subject (e.g. Physics, Engineering, Statistics)
- 3 or more 'A' levels, including Mathematics
Why Join Chaucer?
We offer a flexible office hybrid work model that supports individual and team needs. A diverse, inclusive culture that values people for who they are. Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.
Senior Pricing Analyst - Part-Qualified Actuary in London employer: Chaucer Group
Contact Detail:
Chaucer Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Pricing Analyst - Part-Qualified Actuary in London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those at Chaucer. A friendly chat can open doors and give you insights that a job description just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Make sure you're comfortable discussing pricing models and data analysis, as these will be key topics for the Senior Pricing Analyst role.
✨Tip Number 3
Showcase your collaborative spirit! Be ready to share examples of how you've worked with teams in the past. At Chaucer, teamwork is essential, so let them know you're a team player.
✨Tip Number 4
Don't forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you're genuinely interested in joining the Chaucer family.
We think you need these skills to ace Senior Pricing Analyst - Part-Qualified Actuary in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Senior Pricing Analyst role. Highlight your relevant experience in pricing, actuarial studies, and any specific skills like Excel or Python that match the job description.
Craft a Compelling Cover Letter: Your cover letter should tell us why you're the perfect fit for Chaucer. Share your passion for the insurance industry and how your background aligns with our goals, especially in reinsurance pricing.
Showcase Your Analytical Skills: In your application, don’t forget to showcase your analytical skills. Provide examples of how you've used data to solve problems or improve processes, as this is key for the role.
Apply Through Our Website: We encourage you to apply through our website for a smoother process. It helps us keep track of your application and ensures you’re considered for the role without any hiccups!
How to prepare for a job interview at Chaucer Group
✨Know Your Numbers
As a Senior Pricing Analyst, you'll be dealing with a lot of numerical data. Brush up on your analytical skills and be ready to discuss how you've used data in past roles. Prepare examples of how you've developed pricing models or improved data quality.
✨Showcase Your Collaboration Skills
This role requires working closely with underwriters and other teams. Think of specific instances where you've successfully collaborated on projects. Be prepared to discuss how you can build strong relationships and share best practices within a team.
✨Master Excel and Tech Tools
Since the job involves designing and enhancing Excel-based pricing models, make sure you're comfortable with advanced Excel functions and any relevant programming languages like Python or R. Bring examples of your work or be ready to explain your approach to model design.
✨Prepare for Technical Questions
Expect questions that test your understanding of actuarial principles and pricing frameworks. Review key concepts related to reinsurance and be ready to discuss how you would approach specific pricing scenarios. This will show your technical competence and readiness for the role.
