At a Glance
- Tasks: Design and maintain pricing models for Chubb's Commercial Insurance portfolio.
- Company: Join Chubb, a leading global insurance provider with a collaborative culture.
- Benefits: Competitive salary, flexible working options, and opportunities for professional growth.
- Other info: Dynamic role with a focus on collaboration and continuous learning.
- Why this job: Make an impact in the insurance industry with innovative pricing solutions.
- Qualifications: 5+ years in insurance, strong coding skills in SQL and Python required.
The predicted salary is between 36000 - 60000 £ per year.
As a Pricing Modeller, you will play a key role in designing, building, and maintaining pricing models to support Chubb's Commercial Insurance portfolio. You will collaborate closely with pricing actuaries, underwriters, analytics, and data teams to ensure pricing models are robust, scalable, and aligned with business needs. This is a hands‑on role with a strong focus on technical modelling, requiring clear communication and collaboration across multiple stakeholders.
- Build risk models across products covering Property, Casualty, and Financial Lines amongst others.
- Develop pricing tools to support scalable growth in the small commercial market.
- Maintain and enhance existing pricing models, ensuring they remain aligned with business strategy and market trends.
- Recalibrate current models to reflect current experience and assumptions.
- Continuously research and evaluate new data sources (both internal and third‑party) and integrate them into models to enhance predictive power and improve pricing accuracy.
- Collaborate with the wider pricing team globally to share best practices in pricing modeling.
- Support pricing modernization initiatives, including building and migrating raters in Radar.
- Standardize modeling processes to ensure scalability and efficiency across product lines.
Qualifications:
- Solutions‑focused, proactive, and accountable, with a strong sense of ownership.
- Fluent in English, with excellent written and verbal communication skills.
- Minimum 5 years' experience in Property, Casualty, Financial Lines, Marine, or similar insurance domains.
- Advanced coding and software skills, including proficiency in SQL and Python; experience with WTW (Radar) is highly desirable.
- Demonstrated ability to independently build and review predictive models.
- Strong attention to detail, with the ability to manage multiple tasks and stakeholders in a fast‑paced environment.
- Effective interpersonal skills, with a collaborative approach and adaptability to change.
- Proven track record of meeting deadlines and managing competing priorities.
ePricing Actuary, Model Development in City of Westminster employer: Chubb
Chubb is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the ePricing Actuary role in London. Employees benefit from continuous professional development opportunities, a supportive team environment, and the chance to work on cutting-edge pricing models that drive scalable growth in the commercial insurance sector. With a focus on employee well-being and a commitment to excellence, Chubb stands out as a rewarding place to build a meaningful career.
StudySmarter Expert Advice🤫
We think this is how you could land ePricing Actuary, Model Development in City of Westminster
✨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 Chubb). 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 Chubb. 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 ePricing Actuary, Model Development in City of Westminster
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 Chubb.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Chubb. 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 Chubb
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Chubb 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 Chubb, 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 Chubb'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.
