At a Glance
- Tasks: Lead actuarial pricing for innovative projects and support broker negotiations.
- Company: Dynamic company focused on partnership and innovation in the insurance sector.
- Benefits: Competitive salary, diverse workplace, and opportunities for professional growth.
- Other info: Join a diverse team committed to inclusivity and excellence.
- Why this job: Make a real impact in pricing strategies and collaborate with industry experts.
- Qualifications: FIA Qualified Actuary with strong analytical and communication skills.
The predicted salary is between 60000 - 80000 £ per year.
The Pricing Actuary will be responsible for actuarial pricing for Chaucer’s growing Partnership and Innovation portfolio across London and international offices. The role is highly client‑ and underwriter‑focused, supporting broker negotiations, individual case pricing, portfolio analytics, strategic projects and new pricing initiatives. The Pricing Actuary will also provide support for other classes and group‑wide projects as required. Strong technical pricing, project management and communication skills are essential to deliver across multiple workstreams and secure buy‑in for new initiatives.
Main Duties
- Account pricing and underwriter support for broker negotiations
- Ongoing portfolio monitoring for accounts and overall portfolio
- Pricing model and tool development in line with actuarial pricing frameworks and technology solutions
- Pricing analytics and MI development to support risk selection and portfolio optimisation
- Support for deep dives, model usage reviews, portfolio monitoring and steering
- Ensure alignment of pricing with evolving exposure management practices and ‘Own View of Risk’ frameworks
- Provide input into the development of modelling approaches where appropriate
- Develop a deep understanding of the Partnership accounts, trends and underwriting team strategies
- Contribute ideas to wider delegated underwriting authority and trading strategies
- Keep abreast of industry initiatives, provide thought leadership, develop new pricing/visualisation techniques and best practice where opportunities arise
- Work collaboratively with underwriters, the pricing team and underwriting management
- Present and share knowledge with the wider actuarial team on pricing approaches
- Assist with other pricing team activities as required
- Project manage more junior team members and contribute to cross‑functional projects
Our Requirements
Relevant Experience
- Strong London Market pricing experience (essential)
- Experience of pricing bespoke deals and/or large facilities (desirable)
- Experience of producing insights from portfolio data
Technical Skills
- Strong IT skills, including comprehensive knowledge of Excel VBA, Python, SQL (desirable)
Education & Experience
- FIA Qualified Actuary
- 2.1 or 1st degree in Mathematics or Mathematics‑related subject (e.g., Physics, Engineering, Statistics)
- 3 or more strong ‘A’ levels, including Maths
Personal Skills
- Strong stakeholder and project management skills
- Strong interpersonal, verbal and written skills
- Intellectually curious and results‑oriented with a strong sense of responsibility
- Attention to detail, self‑motivated, hard‑working and committed
- Flexible and adaptable
Other Responsibilities
- Travel in support of underwriter/client meetings
- Travel to Chaucer underwriting offices may be required
We are committed to diversity, actively value difference and respect people regardless of protected characteristics as outlined in the Equality Act 2010 (UK legislation) and 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.
Pricing Actuary - Portfolio Solutions in London employer: Chaucer Underwriting Services Limited
Chaucer is an exceptional employer, offering a dynamic work environment in the heart of London where innovation and collaboration thrive. As a Pricing Actuary, you will benefit from a culture that values diversity and inclusion, alongside opportunities for professional growth through engaging projects and cross-functional teamwork. With a strong focus on employee development and a commitment to excellence, Chaucer provides a rewarding career path for those looking to make a meaningful impact in the actuarial field.
Contact Details:
Chaucer Underwriting Services Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary - Portfolio Solutions in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Chaucer Underwriting Services Limited). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Chaucer Underwriting Services Limited. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Pricing Actuary - Portfolio Solutions in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Chaucer Underwriting Services Limited.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Chaucer Underwriting Services Limited. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Chaucer Underwriting Services Limited
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Chaucer Underwriting Services Limited to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Chaucer Underwriting Services Limited, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Chaucer Underwriting Services Limited's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
