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- Tasks: Analyse and develop pricing models for insurance, collaborating with underwriters and data teams.
- Company: Join a leading firm in the insurance sector, known for innovation and excellence.
- Benefits: Enjoy hybrid work flexibility, competitive pay, and opportunities for professional growth.
- Why this job: Make a real impact on pricing strategies while working in a dynamic, collaborative environment.
- Qualifications: Qualified or near-qualified actuary with strong analytical and communication skills required.
- Other info: This is a 6-9 month contract role based in London, with a vibrant team culture.
The predicted salary is between 42000 - 84000 £ per year.
Location: London, UK
Contract Duration: 6–9 months
Work Arrangement: Hybrid (minimum 3 days in-office per week)
Key Responsibilities
- Partner with underwriters to evaluate new and renewal business through detailed actuarial analysis.
- Develop, document, and maintain pricing models and methods tailored to Specialty lines.
- Provide actuarial recommendations on risk selection, contract structure, and pricing.
- Collaborate with pricing systems, data, and analytics teams to enhance model infrastructure and data flows.
- Contribute to business planning, including gross loss ratio projections and reinsurance structure analysis.
- Support product monitoring and segmental reviews to assess profitability and recommend strategic actions.
- Track and analyze portfolio trends, market conditions, and rate changes.
- Maintain a feedback loop between pricing, reserving, capital modelling, and planning functions.
- Assist with internal and external reporting requirements.
Required Qualifications & Skills
- Qualified actuary (FIA, FCAS, FIAA, FSAI) or near-qualified with strong exam progress.
- Strong interpersonal skills with the ability to collaborate across teams.
- Capable of communicating technical concepts to non-technical stakeholders.
- Proactive mindset with strong prioritization and time management skills.
Preferred Experience
- Background in general insurance, London Market, or Specialty lines.
- Familiarity with Specialty exposures and accumulation models.
- Proficiency in data tools such as VBA, SQL, R, Python, or similar.
Actuarial Pricing Analyst employer: Innova Solutions
Contact Detail:
Innova Solutions Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Pricing Analyst
✨Tip Number 1
Network with professionals in the actuarial field, especially those working in London Market or Specialty lines. Attend industry events or webinars to connect with potential colleagues and learn more about the latest trends and practices.
✨Tip Number 2
Familiarise yourself with the specific pricing models and methods used in Specialty lines. This knowledge will not only help you during interviews but also demonstrate your commitment to understanding the role and its requirements.
✨Tip Number 3
Brush up on your data analysis skills, particularly in tools like VBA, SQL, R, or Python. Being able to showcase your proficiency in these areas can set you apart from other candidates and show that you're ready to contribute from day one.
✨Tip Number 4
Prepare to discuss how you've collaborated with cross-functional teams in the past. Highlighting your interpersonal skills and ability to communicate complex concepts to non-technical stakeholders will be crucial in demonstrating your fit for this role.
We think you need these skills to ace Actuarial Pricing Analyst
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience and skills that align with the responsibilities of an Actuarial Pricing Analyst. Emphasise your qualifications, particularly if you are a qualified actuary or near-qualified, and include any specific tools or programming languages you are proficient in.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of the role and the company. Mention your experience in general insurance or the London Market, and explain how your skills can contribute to the team. Be sure to communicate your proactive mindset and ability to collaborate across teams.
Highlight Technical Skills: In your application, clearly outline your proficiency in data tools such as VBA, SQL, R, or Python. Provide examples of how you've used these tools in previous roles to enhance pricing models or analyse data, as this is crucial for the position.
Showcase Interpersonal Skills: Since strong interpersonal skills are essential for this role, include examples in your application that demonstrate your ability to communicate technical concepts to non-technical stakeholders. This could be through past projects or experiences where you collaborated with different teams.
How to prepare for a job interview at Innova Solutions
✨Showcase Your Actuarial Knowledge
Be prepared to discuss your understanding of actuarial principles and how they apply to pricing models. Highlight any relevant experience you have with Specialty lines and be ready to explain your thought process behind risk selection and contract structuring.
✨Demonstrate Technical Proficiency
Since the role requires familiarity with data tools like VBA, SQL, R, or Python, make sure to mention any projects or experiences where you've used these tools. You might even want to prepare a brief example of how you've applied these skills in a practical scenario.
✨Communicate Effectively
Given the need to convey technical concepts to non-technical stakeholders, practice explaining complex ideas in simple terms. This will show your ability to collaborate across teams and ensure everyone is on the same page.
✨Prepare for Scenario-Based Questions
Expect questions that assess your problem-solving skills and decision-making process. Think about past experiences where you had to analyse portfolio trends or market conditions, and be ready to discuss how you approached those situations and what outcomes resulted.
