At a Glance
- Tasks: Lead pricing strategies and analyse motor portfolio profitability in a dynamic environment.
- Company: A rapidly growing personal lines motor underwriting business with a collaborative culture.
- Benefits: Flexible remote work, competitive salary, and opportunities for professional growth.
- Other info: Light European travel and participation in senior committees for career advancement.
- Why this job: Join a senior team and make impactful decisions in the motor insurance sector.
- Qualifications: Actuarial background with hands-on pricing skills; UK motor experience preferred.
The predicted salary is between 60000 - 80000 £ per year.
Our client is a specialist personal lines motor underwriting business that has seen signficant business growth over the past 5 years.
They are seeking to appoint a Pricing Function Lead in a unique role with a focus on understanding motor pricing and portfolio profitability.
The role can be done on a majority WFH remote basis, with one day required in London every week, and some light European travel (2-3 days every 2 months).
The role will report to the CEO of the underwriting business and will see you part of a number of senior committees.
The focus is on an individual with hands on pricing skills, as the role does not come with formal line management.
There is no formal need for Fellowship.
Beyond UK motor pricing experience, claims reserving experience would be great but is not essential.
The candidate will also work with the actuarial function holder on other topics (eg capital models) so an actuarial background is definitely necessary but no specific fellowship requirement.
Please get in touch for a confidential discussion.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary in London
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We think you need these skills to ace 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 Hanover.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Hanover. 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 Hanover
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Hanover 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 Hanover, 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 Hanover'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.
