At a Glance
- Tasks: Develop pricing tools and collaborate with underwriting teams to enhance decision-making.
- Company: Join a vibrant reinsurance company that values innovation and collaboration.
- Benefits: Competitive salary, continuous learning opportunities, and a supportive work environment.
- Other info: Dynamic culture focused on sharing knowledge and fostering career growth.
- Why this job: Make a real impact in the reinsurance industry while growing your actuarial skills.
- Qualifications: 2:1 in a numerate degree and qualified actuary in the UK, US or Europe.
The predicted salary is between 50000 - 70000 £ per year.
Key Accountabilities
- Contribute to and take responsibility for the development of some segments of pricing and rating tools.
- Develop strong working relationships with underwriting teams to develop the use of technical pricing in decision making across the business.
- Production of case pricing as an essential support for Underwriters.
- Assist with the development and implementation of pricing controls and systems of governance, focusing on enhancing quality and qualify of pricing data capture.
- Support the Lead Pricing Actuary in ensuring consistency of assumptions across the department.
- Contribute to multi-disciplinary projects.
- Assist with the training and development of the Actuarial students in pricing techniques.
- Takes responsibility for own and colleagues’ Health & Safety at all times.
- To ensure customers are treated fairly at all times, in accordance with the Conduct Risk Policy and other relevant policies and procedures.
- GDPR, ensuring that the business complies with these requirements.
- To avoid breaches and to report them to the Data Protection Officer when they occur regardless of whether electronic or on paper.
Knowledge & Qualifications
- 2:1 in a numerate degree.
- Qualified actuary in the UK, US or Europe.
Skills & Demonstrable Experience
- Experience in pricing treaty reinsurance business.
- Software / Programming Skills: Advanced Excel (essential).
- Experience in using a programming language e.g. VBA, R, Python or SQL (very desirable).
- Technical Actuarial / Statistical Skills.
- Knowledge of actuarial techniques for pricing primary, risk & aggregate excess of loss insurance.
- Knowledge of actuarial techniques for pricing proportional and excess of loss reinsurance products.
- Familiarity of simulation techniques used for pricing loss sensitive product features.
- Familiarity with jargon and practices in London Market and UK Commercial Lines Insurance and Reinsurance.
- An understanding of actuarial techniques used in reserving property and casualty insurance and treaty reinsurance.
- A good understanding on how pricing work is used by non-pricing actuaries, underwriters and management.
Communication Skills
- Ability to communicate statistical and actuarial output to underwriters and management.
At Antares, we empower our talented team members through active involvement and collaboration, driving strategic and business goals whilst delivering exceptional services to our customers and partners. Our unique organisational structure fosters unparalleled sharing of information, knowledge and expertise, creating a vibrant and innovative working environment. Our culture of excellence is fuelled by continuous learning and development opportunities across all areas of our international operations. We believe in nurturing your potential and helping you grow with us.
Pricing Actuary in London employer: LE010 Antares Global Management Limited
At Antares, we pride ourselves on being an exceptional employer, offering a dynamic and collaborative work environment that empowers our Pricing Actuaries to thrive. With a strong focus on continuous learning and development, employees have ample opportunities to enhance their skills while contributing to innovative projects within the reinsurance sector. Our commitment to fostering strong relationships and ensuring a culture of excellence makes Antares a rewarding place to build a meaningful career.
Contact Details:
LE010 Antares Global Management Limited Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out to professionals on LinkedIn. Building relationships can open doors that a CV just can’t.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your technical skills, especially in pricing and programming. Share examples of how you've used tools like Excel or Python to solve real problems – it’ll make you stand out!
✨Prepare for the Interview
Do your homework before any interview. Understand the company’s pricing strategies and be ready to discuss how you can contribute. Practise common actuarial interview questions and think about how your experience aligns with their needs.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It shows you're genuinely interested in joining us at StudySmarter. Plus, it makes it easier for us to find your application and get back to you quickly.
We think you need these skills to ace Pricing Actuary in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the Pricing Actuary role. Highlight your experience in pricing treaty reinsurance and any relevant software skills, like Excel or programming languages. We want to see how your background fits with what we're looking for!
Showcase Your Skills:Don’t just list your qualifications; demonstrate them! Use specific examples of how you've applied actuarial techniques in previous roles. This helps us understand your practical experience and how you can contribute to our team.
Be Clear and Concise:When writing your application, keep it clear and to the point. Avoid jargon unless it's relevant to the role. We appreciate straightforward communication, especially when it comes to complex topics like pricing and actuarial work.
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, you’ll get a feel for our company culture while you’re at it!
How to prepare for a job interview at LE010 Antares Global Management Limited
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your strong numerical skills. Brush up on your advanced Excel techniques and be ready to discuss how you've used programming languages like VBA, R, or Python in past roles. Prepare examples that showcase your ability to analyse data and develop pricing models.
✨Understand the Business
Familiarise yourself with the reinsurance market and the specific jargon used in London Market and UK Commercial Lines Insurance. Being able to speak the language will help you build rapport with the underwriting teams and show that you understand their needs and how pricing impacts their decision-making.
✨Showcase Your Communication Skills
You'll need to communicate complex statistical and actuarial outputs clearly to non-technical stakeholders. Prepare to explain your past experiences where you've successfully conveyed technical information to underwriters or management. Practising this can make a big difference in how you're perceived during the interview.
✨Be Ready for Scenario Questions
Expect questions that assess your problem-solving abilities and how you would handle real-world pricing scenarios. Think about past projects where you contributed to multi-disciplinary teams or developed pricing controls. Be prepared to discuss your thought process and the outcomes of your decisions.
