At a Glance
- Tasks: Support pricing for reinsurance portfolios and enhance pricing models using technology.
- Company: Join Chaucer, a leader in reinsurance with a commitment to diversity and innovation.
- Benefits: Actuarial study support, competitive salary, and opportunities for professional growth.
- Other info: Collaborative environment with excellent career progression and a focus on inclusivity.
- Why this job: Make an impact in the reinsurance industry while developing your actuarial skills.
- Qualifications: Part-qualified actuary with strong analytical skills and knowledge of Python, R, and SQL.
The predicted salary is between 55000 - 65000 £ per year.
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) 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 develop 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.
Responsibilities
- 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 (in line with Actuarial pricing frameworks and technological solutions platform requirements)
- 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
Skills and Competencies
- London Market pricing experience (ideally reinsurance) would be advantageous
- Strong interpersonal, verbal and written skills
- Strong analytical skills – logical, methodical and rational approach to problem solving
- Comfortable with interpreting and producing numerical data
- Able to present findings to key stakeholders
- Attention to detail
- Self‑motivated, hard‑working and takes initiative
- Organised and clear thinking
- 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 & Qualifications
- 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
- Desire to sit the IFoA exams and become an FIA qualified actuary
Senior Pricing Analyst - Reinsurance employer: Chaucer Group
Chaucer is an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets collaboration. As a Senior Pricing Analyst, you will benefit from comprehensive actuarial study support, fostering your professional growth while working alongside experienced teams dedicated to excellence in reinsurance pricing. Our inclusive culture values diversity and encourages knowledge sharing, ensuring that every employee feels respected and empowered to contribute meaningfully to our success.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Pricing Analyst - Reinsurance
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Chaucer Group. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Senior Pricing Analyst - Reinsurance
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Chaucer Group.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Chaucer Group's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Chaucer Group
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Chaucer Group.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Chaucer Group will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Chaucer Group employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
