At a Glance
- Tasks: Analyse and develop pricing strategies for Political Violence, Risk, and Credit portfolios.
- Company: Join Chaucer, a leading global insurer with a strong presence in Lloyd's market.
- Benefits: Enjoy flexible hybrid work, extensive benefits, and a diverse, inclusive culture.
- Other info: Collaborative team environment with opportunities for professional growth.
- Why this job: Make an impact in the insurance industry while developing your actuarial skills.
- Qualifications: Degree in Maths or related field; experience in insurance pricing is a plus.
The predicted salary is between 55000 - 65000 € per year.
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. Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, to be closer to our clients across the world.
Job Summary
The Pricing Actuary will be responsible for Actuarial pricing primarily for Chaucer's Political Violence, Political Risk and Credit portfolios (with a focus upon 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 involve 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 self-assured technical pricing skills. The Pricing Actuary will have excellent communication skills and commercial awareness in order 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.
Responsibilities
- 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
- Support the collection and maintenance of pricing data
- Keep abreast of industry initiatives and develop new pricing/visualisation techniques and best practice where opportunities arise
- Collaborate, present and share knowledge with the wider Actuarial team on pricing approaches
- Assistance for other pricing team activities as required
Other Responsibilities
Some travel in support of Underwriter/Client meetings may be required.
Qualifications
General insurance pricing experience – Desirable
Experience of Political Violence, Political Risk and Credit classes of business
Technical Skills
- Strong IT skills, including comprehensive knowledge of Excel and VBA
- R or Python
- SQL
- Experience in building and using dashboards in PowerBI
Education & Experience
Essential: 2.1 or 1st degree in Maths or a Maths-related subject (e.g. Physics, Engineering, Statistics)
3 or more 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
- 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
Why Join Chaucer?
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. We have shown strong financial success with our Gross Written Premiums growing from 1.4bn in 2019 to 3.5bn in 2024. Backed by strong teams, platforms, and client relationships, Chaucer is poised for continued success.
Benefits
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.
Pricing Actuary employer: Chaucer Group
Chaucer is an exceptional employer, offering a dynamic work environment in the heart of London, where you can thrive as a Pricing Actuary. With a strong focus on employee growth and development, we provide extensive benefits including a flexible hybrid work model, comprehensive medical and pension coverage, and a commitment to diversity and inclusion. Join us to be part of a leading global insurer that values your contributions and supports your professional journey in the exciting world of insurance.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary
✨Tip Number 1
Get to know the company inside out! Before your interview, dive into Chaucer's values, recent news, and their approach to Political Violence and Risk. This will help you connect your skills to what they need and show you're genuinely interested.
✨Tip Number 2
Practice your communication skills! Since the role is client-facing, being able to explain complex actuarial concepts in simple terms is key. Try explaining your past projects to friends or family to get comfortable with it.
✨Tip Number 3
Network like a pro! Reach out to current or former employees on LinkedIn to learn about their experiences at Chaucer. This can give you insider tips and might even lead to a referral!
✨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 serious about joining the team at Chaucer.
We think you need these skills to ace Pricing Actuary
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 areas you'll be working in, like Political Violence and Credit portfolios. This will help you tailor your application to show that you're the perfect fit for us.
Show Off Your Skills:Highlight your technical skills, especially in Excel, VBA, R, or Python. We want to see how you can use these tools to contribute to our team, so don’t hold back on showcasing your experience with dashboards and data analysis.
Be Client-Focused:Since this role is client-facing, make sure to emphasise your communication skills and any experience you have in broker negotiations. We love candidates who can demonstrate their ability to build strong relationships with clients and brokers alike.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Chaucer!
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 skills. Brush up on your actuarial pricing knowledge, especially in Political Violence, Political Risk, and Credit classes. Be ready to discuss specific examples of how you've applied these skills in previous roles.
✨Showcase Your Communication Skills
Since the role is client-facing, it's crucial to highlight your communication abilities. Prepare to share instances where you've successfully supported broker negotiations or collaborated with teams. Practise explaining complex concepts in simple terms to show you can engage effectively with clients and colleagues alike.
✨Stay Current with Industry Trends
Chaucer values candidates who are proactive about industry initiatives. Research recent developments in the insurance market, particularly around Political Violence and Risk. Bring insights to the interview that demonstrate your awareness of trends and how they could impact Chaucer's strategies.
✨Prepare for Technical Questions
Expect questions that test your IT skills, especially in Excel, VBA, R, Python, and SQL. Be prepared to discuss how you've used these tools in past projects. If possible, bring examples of dashboards you've built in PowerBI to showcase your practical experience.
