At a Glance
- Tasks: Upgrade pricing models and collaborate with underwriters on high-impact projects.
- Company: Join a leading Lloyd's market insurer known for innovation and excellence.
- Benefits: Enjoy flexible contracting opportunities and gain valuable experience in specialist lines.
- Why this job: Make a real impact in pricing model development while enhancing your skills in a dynamic environment.
- Qualifications: Actuarial background required; experience with pricing models is a plus.
- Other info: This is a contract role, perfect for those seeking variety and challenge.
The predicted salary is between 48000 - 72000 £ per year.
Job Description
We've partnered with a leading Lloyd's market insurer to help them secure a Pricing Actuary to support a key model development project on a contract basis.
This is a fantastic opportunity for an actuary looking to step out of a permanent role and into contracting, with the chance to work on high-impact pricing models in specialist lines including Marine PI, Political Violence, and Energy Package.
This role is not limited to, but includes:
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Upgrading Excel-based pricing models ahead of Rulebook implementation
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Working closely with underwriters to ensure models are tested, refined and agreed
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Supporting pricing activity including account-level pricing, benchmark reviews and portfolio analysis
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Contributing to calibration and model monitoring processes
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Sharing insights and collaborating across the wider pricing team
For more information please apply.
Pricing Model Development - Contract employer: HFG Insurance Recruitment
Contact Detail:
HFG Insurance Recruitment Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Model Development - Contract
✨Tip Number 1
Familiarise yourself with the specific pricing models used in the Lloyd's market, especially those related to Marine PI, Political Violence, and Energy Package. This knowledge will help you engage in meaningful conversations during interviews and demonstrate your expertise.
✨Tip Number 2
Network with professionals already working in the Lloyd's market or similar sectors. Attend industry events or webinars to connect with actuaries and underwriters, as personal recommendations can significantly boost your chances of landing a contract role.
✨Tip Number 3
Stay updated on the latest trends and regulatory changes affecting pricing models in the insurance industry. Being knowledgeable about current events will not only prepare you for interviews but also show potential employers that you are proactive and engaged.
✨Tip Number 4
Prepare to discuss your experience with Excel-based pricing models in detail. Be ready to share specific examples of how you've upgraded or refined models in the past, as this will highlight your practical skills and suitability for the role.
We think you need these skills to ace Pricing Model Development - Contract
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the Pricing Model Development position. Familiarise yourself with the key responsibilities and required skills, especially in areas like Excel-based pricing models and collaboration with underwriters.
Tailor Your CV: Make sure your CV highlights relevant experience in pricing models, actuarial work, and any specific projects related to Marine PI, Political Violence, or Energy Package. Use keywords from the job description to align your experience with what the company is looking for.
Craft a Compelling Cover Letter: Write a cover letter that not only expresses your interest in the role but also demonstrates your understanding of the insurance market and your ability to contribute to model development. Mention specific examples of past work that relate to the job.
Proofread Your Application: Before submitting, carefully proofread your CV and cover letter for any spelling or grammatical errors. A polished application reflects attention to detail, which is crucial in the actuarial field.
How to prepare for a job interview at HFG Insurance Recruitment
✨Understand the Pricing Models
Make sure you have a solid grasp of pricing models, especially those relevant to Marine PI, Political Violence, and Energy Package. Be prepared to discuss your experience with Excel-based models and how you've upgraded or refined them in the past.
✨Showcase Your Collaboration Skills
This role involves working closely with underwriters and the wider pricing team. Highlight any previous experiences where you successfully collaborated with different teams to achieve a common goal, and be ready to share specific examples.
✨Prepare for Technical Questions
Expect technical questions related to model calibration and monitoring processes. Brush up on your knowledge in these areas and be ready to explain your thought process and methodologies clearly.
✨Demonstrate Your Analytical Skills
Since the role includes account-level pricing and portfolio analysis, be prepared to discuss how you approach data analysis. Bring examples of how your analytical skills have led to successful outcomes in previous roles.