At a Glance
- Tasks: Lead the development of a global pricing model and collaborate with underwriting teams.
- Company: Join a dynamic company focused on innovative property pricing solutions.
- Benefits: Competitive salary, travel opportunities, and professional growth in a supportive environment.
- Other info: Exciting chance to work in a collaborative, fast-paced environment with career advancement.
- Why this job: Make a real impact on global pricing strategies while enhancing your analytical skills.
- Qualifications: 5-7 years in GI pricing, coding knowledge in R, Python, or SQL preferred.
The predicted salary is between 70000 - 90000 £ per year.
Job Description
Summary
An exciting opportunity to work on a high-profile project based role as a
Global Short-Tail Pricing Actuary .
The role will present fantastic opportunities to learn from, and engage with well-established business units across multiple regions as we renovate the pricing landscape.
The role will be based out of
London with the prospect to travel if desired (non-essential).
Responsibilities
- Work directly with short-tailed underwriting units to support the build of an ambitious future state for Property pricing including a new globally consistent pricing model featuring:
- predictive modeling
- integrated data pipelines
- connected 3rd party data sources
- Establish consistent and comparable technical pricing across Sompo’s short-tailed global business.
- Provide leadership in an evolving global property analytical ecosystem as we develop methodology, standards and tools to tier renewals, manage capacity, allocate capital and reinsurance costs, etc.
- The role focuses on designing the model specifications rather than building in HX
- Work closely with underwriting and pricing leadership to support the curation of a high-quality portfolio.
- Develop and maintain performance monitoring reports providing insight and MI.
- Support the development of reinsurance strategy and build compelling reinsurance submissions.
- Coordinate the annual planning process across property business units and technical staff to global ensure consistency.
- Leverage technology to develop of data assets that enhance our analytic capabilities.
Qualifications
- Minimum of 5-7 years of GI pricing experience, preferably with exposure to pricing a short-tailed line of business.
- Previous exposure to capital modelling would be advantageous but not essential.
- Working knowledge of coding languages, preferably R, Python and SQL.
- Excellent communication (to a variety of audiences) and interpersonal skills are required alongside the ability to work collaboratively.
- Strong knowledge of pricing and portfolio management techniques.
- Highly organized and self-motivated with proven ability to prioritize projects and execute to deadline.
- Excellent technical and analytical skills, combined with sound actuarial judgement and commercial awareness.
Global Short-Tail Pricing Actuary in London employer: Endurance Business Services
Sompo is an exceptional employer, offering a collaborative work environment in our London office where employees can thrive and build long-lasting careers. We prioritise employee growth through competitive compensation, comprehensive benefits, and a culture that values diversity and inclusion, ensuring that every team member feels respected and empowered to excel. Join us to make a meaningful impact while enjoying opportunities for professional development and a supportive workplace culture.
Contact Details:
Endurance Business Services Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Global Short-Tail Pricing Actuary in London
✨Dive Into Industry Networking Events
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We think you need these skills to ace Global Short-Tail Pricing Actuary 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 Endurance Business Services.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Endurance Business Services. 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 Endurance Business Services
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Endurance Business Services 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 Endurance Business Services, 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 Endurance Business Services'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.
