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- Tasks: Develop and enhance pricing models while supporting underwriters with analytics.
- Company: Join a dynamic team at Lancashire, known for its collaborative culture.
- Benefits: Enjoy a permanent role with competitive pay and opportunities for growth.
- Other info: Be part of a supportive environment that values honesty and teamwork.
- Why this job: Make a real impact in the insurance industry with your analytical skills.
- Qualifications: Strong programming skills and a degree in maths or science required.
The predicted salary is between 36000 - 60000 £ per year.
Actuarial Analyst – Pricing & Portfolio Management
Department: Actuarial
Employment Type: Permanent – Full Time
Location: London
Description
The primary purpose of this role is to develop, maintain and enhance pricing models and reporting across the Lancashire Group and facilitate underwriter support through case pricing and portfolio analytics.
Specific Responsibilities
- Translate models into the hx pricing platform
- Build pricing and underwriting MI reporting
- Liaise with underwriters around pricing model scoping and enhancements
- Review and enhance existing pricing models
- Ensure models and process are aligned with minimum standards and/or best practice
- Maintain pricing models and update parameters
- Undertake case pricing reviews
- Assist with portfolio management analytics
- Upkeep of relevant documentation
- Assist with Lloyd’s oversight compliance with respect to pricing
- To act in accordance with all applicable Supervisory Bodies, principles, rules and regulations
Skills and Requirements
- Advanced programming and data management skills
- Solid experience within a pricing related role
- Minimum of a second class degree in a mathematical or science based subject
- Excellent IT skills
- Excellent attention to detail
- Good understanding of the Lloyd’s market
- Good written and verbal communication skills
- Problem solving skills and project management skills
- Experience of case pricing in the London Market is desirable
- Knowledge of hx is desirable
- Knowledge of Microsoft Power BI is desirable
The Lancashire Way
At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.
Straight-talking
We feel empowered to share thoughts and ideas, because everyone’s voice matters.
Collaborative
We work together towards common goals, share knowledge and support each other.
Hard-working
We all have a stake in the company’s success and are proactive in contributing to our goals and vision.
Responsible
We focus on achieving tangible results with consistent standards across the Group.
Positive
We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.
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Actuarial Analyst – Pricing & Portfolio Management employer: Lancashire Group
Contact Detail:
Lancashire Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst – Pricing & Portfolio Management
✨Tip Number 1
Network like a pro! Reach out to people in the industry, especially those working at Lancashire or similar firms. A friendly chat can open doors and give you insights that might just land you an interview.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Make sure you can confidently discuss pricing models and analytics. We want you to shine when they ask about your experience with hx or Power BI!
✨Tip Number 3
Showcase your problem-solving skills during interviews. Be ready to share examples of how you've tackled challenges in previous roles. This will demonstrate your ability to contribute to the team at Lancashire.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in being part of the Lancashire team.
We think you need these skills to ace Actuarial Analyst – Pricing & Portfolio Management
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Actuarial Analyst role. Highlight your programming and data management skills, as well as any experience in pricing-related roles. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how you can contribute to our team. Be sure to mention your understanding of the Lloyd’s market and any relevant experience.
Showcase Your Attention to Detail: In this role, attention to detail is key. When submitting your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure their application is polished and professional.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets to us quickly and efficiently. Plus, you’ll find all the info you need about the role and our company culture there!
How to prepare for a job interview at Lancashire Group
✨Know Your Numbers
Brush up on your pricing models and analytics skills. Be ready to discuss specific examples of how you've developed or enhanced pricing models in the past. This will show that you understand the technical aspects of the role and can contribute from day one.
✨Familiarise Yourself with hx
If you have experience with the hx pricing platform, make sure to highlight it. If not, do a bit of research to understand its functionalities. Being able to speak about how you would translate models into this platform could set you apart from other candidates.
✨Showcase Your Communication Skills
Since liaising with underwriters is a key part of the job, practice articulating complex ideas clearly and concisely. Prepare to discuss how you've effectively communicated technical information in previous roles, as this will demonstrate your ability to collaborate and support others.
✨Emphasise Attention to Detail
Prepare examples that showcase your meticulous nature, especially in relation to maintaining pricing models and ensuring compliance with standards. Highlight any experiences where your attention to detail made a significant impact on a project or outcome.