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- Tasks: Join a dynamic team to design and enhance pricing models for various specialty lines.
- Company: Work with a leading Lloyd's syndicate at the heart of the London Market.
- Benefits: Enjoy opportunities for model enhancement and collaboration with underwriters and brokers.
- Why this job: Be part of a high-performing team making impactful decisions in the insurance industry.
- Qualifications: Experience in actuarial pricing and strong analytical skills are essential.
- Other info: This role offers exposure to diverse classes like Marine PI and Political Violence.
The predicted salary is between 48000 - 84000 £ per year.
We have partnered with a leading Lloyd's syndicate to recruit an experienced and driven Pricing Actuary . This is a fantastic opportunity to join a high-performing actuarial pricing team at the heart of the London Market.
Key areas include Marine PI, Political Violence, and Energy Package classes, with further opportunities in model enhancement across other lines.
This role is not limited to but includes:
Key Responsibilities
- Designing and enhancing Excel-based pricing models in line with market and internal best practices
- Facilitating thorough model testing and underwriter engagement
- Supporting broker negotiations with analytical pricing insight
- Conducting portfolio monitoring and recalibration reviews
- Contributing to wider actuarial projects and management information development
- Sharing pricing knowledge and innovation across the actuarial function
For more information please apply.
Pricing Actuary (Specialty Lines) employer: HFG Insurance Recruitment
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary (Specialty Lines)
✨Tip Number 1
Familiarise yourself with the specific classes mentioned in the job description, such as Marine PI and Political Violence. Understanding these areas will not only help you during interviews but also demonstrate your genuine interest in the role.
✨Tip Number 2
Brush up on your Excel skills, particularly in creating and enhancing pricing models. Being able to showcase your proficiency in Excel during discussions can set you apart from other candidates.
✨Tip Number 3
Network with professionals in the actuarial field, especially those who work in the London Market. Engaging with industry peers can provide valuable insights and potentially lead to referrals for the position.
✨Tip Number 4
Stay updated on current trends and challenges in the insurance market, particularly in specialty lines. This knowledge will enable you to contribute meaningfully to discussions about model enhancement and portfolio monitoring.
We think you need these skills to ace Pricing Actuary (Specialty Lines)
Some tips for your application 🫡
Understand the Role: Before applying, make sure you fully understand the responsibilities of a Pricing Actuary in Specialty Lines. Familiarise yourself with key areas like Marine PI, Political Violence, and Energy Package classes to tailor your application.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience with Excel-based pricing models, model testing, and portfolio monitoring. Use specific examples to demonstrate your skills and achievements in these areas.
Showcase Analytical Skills: Since the role involves supporting broker negotiations with analytical pricing insight, be sure to highlight your analytical skills. Mention any relevant tools or methodologies you have used in past roles that align with this requirement.
Craft a Compelling Cover Letter: Your cover letter should not only express your interest in the position but also reflect your understanding of the London Market and the actuarial function. Discuss how your background and skills make you a perfect fit for the team.
How to prepare for a job interview at HFG Insurance Recruitment
✨Know Your Pricing Models
Make sure you have a solid understanding of Excel-based pricing models, especially those relevant to Marine PI, Political Violence, and Energy Package classes. Be prepared to discuss your experience in designing and enhancing these models, as well as any best practices you've implemented.
✨Demonstrate Analytical Skills
Highlight your analytical skills during the interview. Be ready to provide examples of how you've used data to support broker negotiations or conduct portfolio monitoring. This will show your potential employer that you can bring valuable insights to their team.
✨Engage with Underwriters
Discuss your experience in facilitating model testing and engaging with underwriters. Share specific instances where your collaboration led to improved pricing strategies or enhanced model performance, as this is crucial for the role.
✨Showcase Your Team Contribution
Be prepared to talk about your contributions to wider actuarial projects and how you've shared knowledge within your previous teams. This demonstrates your ability to work collaboratively and innovate within the actuarial function.
