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: Flexible working arrangements, diverse culture, and opportunities for professional growth.
- Other info: Opportunity to travel and engage directly with clients and brokers.
- Why this job: Make an impact in the insurance industry while collaborating with a dynamic team.
- 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.
- Essential: General insurance pricing experience.
- Desirable: Experience of Political Violence, Political Risk, and Credit classes of business; model development experience.
- 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.
- 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).
- 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.
Some travel in support of Underwriter/Client meetings may be required.
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 in London employer: Chaucer Underwriting Services
Chaucer 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 engage directly with clients and brokers in meaningful ways. Our culture fosters professional development and encourages flexible working arrangements, making it an ideal place for talented individuals seeking a rewarding career in actuarial pricing.
Contact Detail:
Chaucer Underwriting Services Recruiting Team
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary in London
✨Tip Number 1
Get to know the company inside out! Research Chaucer's values, recent projects, and their approach to Political Violence and Risk. This will help you tailor your conversations and show that you're genuinely interested in what they do.
✨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 feedback on your delivery.
✨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 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 in London
Some tips for your application 🫡
Know Your Stuff:Before you start writing, make sure you understand the role of a Pricing Actuary inside out. Dive into the specifics of Political Violence, Political Risk, and Credit portfolios. This will help you tailor your application to show that you’re the perfect fit for the job.
Show Off Your Skills:Highlight your technical pricing skills and any relevant experience you have. If you've worked with Excel, R, or Python, make sure to mention it! We want to see how your background aligns with what we’re looking for.
Be Client-Focused:Since this role is client-facing, emphasise your communication skills and commercial awareness. Share examples of how you've successfully supported clients or brokers in the past. It’s all about showing us you can build those relationships!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, it shows you’re keen on joining our team at Chaucer!
How to prepare for a job interview at Chaucer Underwriting Services
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your strong technical pricing skills. Brush up on your knowledge of the Political Violence, Political Risk, and Credit classes. Be prepared to discuss recent trends and how they might impact pricing strategies.
✨Communicate Clearly
Since this role is client-facing, practice articulating complex actuarial concepts in simple terms. Think about how you can effectively support broker negotiations and client discussions. Role-playing with a friend can help you refine your communication style.
✨Showcase Your Technical Skills
Make sure you're comfortable with Excel, VBA, and any other relevant software like R or Python. Bring examples of dashboards you've built or data analyses you've conducted. This will show your potential employer that you have the practical skills needed for the job.
✨Be Ready to Collaborate
Collaboration is key in this role. Think of examples from your past experiences where you worked as part of a team to achieve a goal. Be ready to discuss how you can contribute to the wider Actuarial team and share your knowledge on pricing approaches.
