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- Tasks: Join our team to assess pricing and profitability for innovative insurance schemes.
- Company: We're a niche insurance business focused on consumer products and partnerships.
- Benefits: Enjoy a competitive salary of £100-£140k plus bonuses and hybrid work options.
- Why this job: Work closely with senior leaders and make a real impact in the insurance industry.
- Qualifications: Curiosity, strong interpersonal skills, and experience in general insurance pricing are essential.
- Other info: A data science background is a plus, but not mandatory; we value your ability to deliver results.
The predicted salary is between 86000 - 124000 £ per year.
Our client is a niche insurance business focusing on consumer insurance products distributed through binding authorities and other similar schemes. We are looking for two pricing specialists (one with a data science background) to come in and add business value to the team.
The role would see you work with both internal actuarial and underwriting leaders as well as external counter parties (including actuarial and underwriting leads at potential partners). The work will involve assessing pricing and profitability levels of new and existing schemes.
For both roles, we are looking for experienced pricing professionals who want to focus on the actuarial and business value of their work, and are not looking to manage. Both roles have a rough budget in place around £100-£140k base plus bonus.
Experience of working in the binders or DUA space would be useful but not essential. What is essential is:
- Curiosity
- Good interpersonal skills
- A desire to work with senior individuals (CUO, CEO etc) on a daily basis
Hybrid office attendance expectation. For one of the roles, the client would love someone with a data science / coding background. Whilst it is not expected that the role will involve cutting edge statistical modelling, nonetheless, someone who can combine machine learning with clear and actionable business insights will be very welcome.
Whilst the client would welcome candidates with an actuarial qualification (AIA, FIA or similar), there is no expectation this will be the case and candidates will be judged on their ability to do the job and previous general insurance pricing experience and skills.
Pricing Actuary employer: Hanover
Contact Detail:
Hanover Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary
✨Tip Number 1
Network with professionals in the insurance and actuarial fields. Attend industry events or webinars where you can meet potential colleagues and leaders in the niche insurance market. Building these connections can give you insights into the company culture and expectations.
✨Tip Number 2
Showcase your curiosity and interpersonal skills during any informal conversations or networking opportunities. Be prepared to discuss how you've used these traits in previous roles to drive business value, as this aligns closely with what the employer is looking for.
✨Tip Number 3
Familiarise yourself with the latest trends in pricing strategies and data science applications within the insurance sector. Being able to discuss recent developments or case studies can demonstrate your proactive approach and genuine interest in the field.
✨Tip Number 4
Prepare to articulate how your previous experience aligns with the specific needs of the role, especially regarding working with senior individuals. Think of examples where you've successfully collaborated with leadership or contributed to strategic decisions.
We think you need these skills to ace Pricing Actuary
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the Pricing Actuary position. Understand the key responsibilities, required skills, and the type of experience that is valued, such as familiarity with consumer insurance products and pricing strategies.
Tailor Your CV: Customise your CV to highlight relevant experience in pricing and actuarial work. Emphasise any previous roles where you worked with senior individuals or contributed to pricing strategies, especially in the insurance sector.
Craft a Compelling Cover Letter: Write a cover letter that showcases your curiosity and interpersonal skills. Mention specific examples of how you've added business value in past roles and express your enthusiasm for working closely with senior leaders.
Highlight Data Science Skills (if applicable): If you have a data science background, make sure to include this in your application. Discuss any experience with machine learning or coding that could be relevant to the role, even if it’s not the primary focus of the position.
How to prepare for a job interview at Hanover
✨Show Your Curiosity
Demonstrate your curiosity during the interview by asking insightful questions about the company's pricing strategies and how they assess profitability. This will show that you are genuinely interested in the role and eager to contribute.
✨Highlight Interpersonal Skills
Since the role involves working closely with senior individuals, be prepared to discuss examples of how you've successfully collaborated with others in previous roles. Emphasise your ability to communicate complex ideas clearly and effectively.
✨Discuss Your Data Science Background
If you have a data science or coding background, make sure to highlight this experience. Talk about specific projects where you combined machine learning techniques with business insights, as this aligns well with what the company is looking for.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving skills in pricing and profitability assessments. Prepare by thinking through past experiences where you had to analyse data and make recommendations, and be ready to share these examples.
