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For Companies At a Glance
- Tasks: Develop and enhance pricing models while supporting underwriters with analytics.
- Company: Join a unique insurance company that values honesty, collaboration, and hard work.
- Benefits: Full-time role with opportunities for professional growth and a supportive team environment.
- Other info: Dynamic workplace with a focus on collaboration and personal development.
- Why this job: Make a real impact in the insurance industry with your analytical skills and creativity.
- Qualifications: Degree in maths or science, programming skills, and attention to detail required.
The predicted salary is between 36000 - 60000 £ per year.
Join to apply for the Actuarial Analyst – Pricing & Portfolio Management role at Lancashire Insurance Group
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.
Department: Actuarial
Location: London
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 processes 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
- 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.
Seniority level
Executive
Employment type
Full-time
Job function
Finance and Sales
Industries
Insurance
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Actuarial Analyst – Pricing & Portfolio Management employer: Lancashire Insurance Group
Contact Detail:
Lancashire Insurance 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 who work at Lancashire or similar companies. A friendly chat can open doors and give you insights that job descriptions just can't.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills. Since this role involves advanced programming and data management, make sure you can confidently discuss your experience with pricing models and tools like hx and Power BI.
✨Tip Number 3
Showcase your problem-solving skills! Be ready to share examples of how you've tackled challenges in previous roles, especially related to case pricing or portfolio management. This will demonstrate your fit for the role.
✨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 models. 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 your skills 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 you submit your application, double-check for any typos or errors. We appreciate candidates who take the time to ensure their work is polished and professional.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join our team!
How to prepare for a job interview at Lancashire Insurance 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 not only understand the technical side but can also apply it practically.
✨Familiarise with the hx Platform
If you have experience with the hx pricing platform, make sure to highlight it. If not, do a bit of research beforehand. Understanding how to translate models into this platform could be a key part of the role, so showing initiative here will impress your interviewers.
✨Communicate Clearly
Since the role involves liaising with underwriters, practice articulating complex ideas simply. Prepare to explain your thought process behind case pricing reviews and how you ensure compliance with Lloyd’s standards. Clear communication is crucial!
✨Showcase Your Problem-Solving Skills
Think of a time when you faced a challenge in pricing or portfolio management. Be ready to discuss how you approached the problem, what solutions you considered, and the outcome. This will demonstrate your analytical thinking and project management abilities.