At a Glance
- Tasks: Lead pricing model development and data visualisation for various products.
- Company: Join a tech-driven start-up insurer making waves in the industry.
- Benefits: Opportunity to build a team and work closely with senior leadership.
- Why this job: Be part of a dynamic growth phase and influence key business decisions.
- Qualifications: Experience in pricing actuarial roles and strong analytical skills required.
- Other info: First hire in London, offering a unique chance to shape the future.
The predicted salary is between 54000 - 84000 £ per year.
I have partnered with a technology-driven start-up Insurer in their search for their first Pricing Actuary. The plan for this position is that, as the business grows, the successful applicant will have the opportunity to build a team, potentially with individuals owning specific product lines. Being the first hire in London, the role involves working closely with senior leadership and will include responsibilities such as:
- Development and maintenance of pricing models across various products.
- Data visualization of pricing performance, profitability, and risk exposure for both senior management and external stakeholders.
- Monitoring market trends, competitor actions, and regulatory changes that may impact pricing and portfolio performance.
- Providing catastrophe analytics to understand the capital impact of portfolios for carriers.
This is an exciting opportunity for individuals looking to join a business at a dynamic stage of growth.
Lead Pricing Actuary – Property employer: IPS Group
Contact Detail:
IPS Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Lead Pricing Actuary – Property
✨Tip Number 1
Network with professionals in the insurance and actuarial fields. Attend industry events or webinars where you can meet people who work in pricing or related areas. This can help you gain insights into the role and potentially get referrals.
✨Tip Number 2
Familiarise yourself with the latest trends in pricing models and data visualisation tools. Being knowledgeable about current technologies and methodologies will show your commitment to the role and make you stand out during discussions.
✨Tip Number 3
Prepare to discuss your experience with catastrophe analytics and how it relates to capital impact. Having specific examples ready will demonstrate your expertise and understanding of the complexities involved in pricing portfolios.
✨Tip Number 4
Research the company’s competitors and market position. Understanding their strategies and challenges will allow you to engage in meaningful conversations about how you can contribute to the company's growth and success.
We think you need these skills to ace Lead Pricing Actuary – Property
Some tips for your application 🫡
Understand the Role: Take time to thoroughly read the job description for the Lead Pricing Actuary position. Understand the key responsibilities, such as developing pricing models and monitoring market trends, so you can tailor your application accordingly.
Highlight Relevant Experience: In your CV and cover letter, emphasise any previous experience you have in pricing, data analysis, or actuarial work. Be specific about your achievements and how they relate to the responsibilities outlined in the job description.
Showcase Technical Skills: Make sure to mention any technical skills relevant to the role, such as proficiency in statistical software, data visualisation tools, or programming languages. This will demonstrate your capability to handle the technical aspects of the job.
Craft a Compelling Cover Letter: Write a personalised cover letter that not only outlines your qualifications but also expresses your enthusiasm for joining a technology-driven start-up. Mention how you can contribute to the company's growth and your excitement about building a team in the future.
How to prepare for a job interview at IPS Group
✨Understand the Business Model
Before your interview, take the time to research the start-up insurer's business model and how it differentiates itself in the market. This will help you articulate how your skills as a Pricing Actuary can contribute to their growth and success.
✨Showcase Your Technical Skills
Be prepared to discuss your experience with pricing models and data visualisation tools. Highlight specific projects where you've successfully developed or maintained pricing models, and be ready to explain your approach to analysing profitability and risk exposure.
✨Demonstrate Market Awareness
Stay updated on current market trends, competitor actions, and regulatory changes that could impact pricing strategies. During the interview, share insights on how these factors influence decision-making in the insurance sector, showcasing your proactive approach.
✨Emphasise Team Building Potential
As the first hire in London, you'll have the opportunity to build a team. Discuss your vision for team development and how you would mentor new hires. This shows your leadership potential and commitment to fostering a collaborative work environment.