Senior Actuarial Pricing Analyst

Senior Actuarial Pricing Analyst

Bournemouth Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join a team to develop and enhance pricing models while collaborating with underwriters.
  • Company: Be part of a dynamic specialty insurer that values innovation and agility.
  • Benefits: Enjoy a fast-paced environment with opportunities for professional growth and collaboration.
  • Why this job: Gain hands-on experience in a variety of business lines and contribute to strategic pricing decisions.
  • Qualifications: Ideal for those with actuarial knowledge and a passion for data analysis.
  • Other info: This role offers the chance to lead group-wide pricing projects and support senior management.

The predicted salary is between 48000 - 72000 £ per year.

We are working with a dynamic and forward-thinking specialty insurer in the search for an Actuarial Pricing Analyst to join their team. This role provides hands-on exposure to a wide variety of lines of business and close collaboration with senior underwriters and actuarial leaders in a fast-paced and agile environment.

Key Responsibilities:

  • Develop, review, and enhance pricing models across various lines of business.
  • Support underwriters with pricing adequacy assessments on individual accounts and binders.
  • Monitor business performance and develop actionable insights based on pricing metrics.
  • Deliver rate change and price adequacy analysis at class and risk level.
  • Collaborate with underwriting to drive strategic pricing decisions.
  • Contribute to business planning and parameterisation of internal models.
  • Lead and support group-wide pricing projects.
  • Conduct ad hoc analysis to support senior management.

Please apply for more information:

Senior Actuarial Pricing Analyst employer: HFG Insurance Recruitment

Join a dynamic and forward-thinking specialty insurer that values innovation and collaboration, making it an excellent employer for a Senior Actuarial Pricing Analyst. With a strong emphasis on employee growth, you will have the opportunity to work closely with senior underwriters and actuarial leaders in a fast-paced environment, enhancing your skills while contributing to strategic pricing decisions. The company fosters a supportive work culture that encourages professional development and offers unique advantages such as hands-on exposure to diverse lines of business and involvement in impactful group-wide projects.
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Contact Detail:

HFG Insurance Recruitment Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Actuarial Pricing Analyst

✨Tip Number 1

Network with professionals in the insurance and actuarial fields. Attend industry events or webinars where you can meet underwriters and actuarial leaders, as building these connections can give you insights into the company culture and expectations.

✨Tip Number 2

Familiarise yourself with the latest actuarial software and pricing models used in the industry. Being well-versed in tools like R, Python, or specific actuarial software can set you apart from other candidates.

✨Tip Number 3

Prepare to discuss your experience with pricing adequacy assessments and how you've contributed to strategic pricing decisions in previous roles. Real-life examples will demonstrate your capability and understanding of the role.

✨Tip Number 4

Stay updated on market trends and regulatory changes affecting the insurance industry. Showing that you are proactive about industry knowledge can impress interviewers and highlight your commitment to the field.

We think you need these skills to ace Senior Actuarial Pricing Analyst

Advanced Statistical Analysis
Pricing Model Development
Actuarial Software Proficiency
Data Interpretation
Risk Assessment
Collaboration with Underwriters
Business Performance Monitoring
Communication Skills
Project Management
Problem-Solving Skills
Attention to Detail
Agile Methodologies
Financial Modelling
Report Writing

Some tips for your application 🫡

Understand the Role: Read the job description thoroughly to grasp the key responsibilities and required skills. Tailor your application to highlight your experience in developing pricing models and collaborating with underwriters.

Highlight Relevant Experience: In your CV and cover letter, emphasise your hands-on experience with pricing models and any previous roles that involved working closely with senior management or underwriting teams. Use specific examples to demonstrate your expertise.

Showcase Analytical Skills: Since the role involves monitoring business performance and conducting analyses, make sure to include any relevant analytical projects you've worked on. Mention tools or software you are proficient in that relate to actuarial pricing.

Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role and the company. Discuss how your values align with their dynamic and forward-thinking approach.

How to prepare for a job interview at HFG Insurance Recruitment

✨Know Your Pricing Models

Make sure you have a solid understanding of various pricing models relevant to the insurance industry. Be prepared to discuss how you've developed or enhanced these models in your previous roles.

✨Showcase Your Analytical Skills

Highlight your experience with data analysis and how you've used metrics to drive pricing decisions. Be ready to provide examples of how your insights have positively impacted business performance.

✨Collaborate Effectively

Since this role involves close collaboration with underwriters and actuarial leaders, be prepared to discuss your teamwork experiences. Share specific instances where your collaboration led to successful outcomes.

✨Prepare for Technical Questions

Expect technical questions related to actuarial practices and pricing adequacy assessments. Brush up on key concepts and be ready to demonstrate your expertise in these areas during the interview.

Senior Actuarial Pricing Analyst
HFG Insurance Recruitment
H
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