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- Tasks: Support analytics strategy, collaborate on pricing models, and engage in catastrophe modeling.
- Company: Join Lockton, a leading global insurance broker known for its innovative approach.
- Benefits: Enjoy flexible working options and opportunities for professional growth.
- Why this job: Gain diverse experience across technical product lines while making a real impact.
- Qualifications: Part-qualified Actuary with experience in General Insurance and proficiency in R and Excel.
- Other info: This role is based in London and requires an EU work permit.
The predicted salary is between 43200 - 72000 £ per year.
Location: London, United Kingdom
Job Category: Other
EU work permit required: Yes
Job Reference: b90e86305e85
Job Views: 5
Posted: 02.06.2025
Expiry Date: 17.07.2025
As a Senior Actuarial Analyst, you will work within the Risk Practices division to support Lockton’s analytics strategy. You will collaborate across divisions, gaining exposure to various technical product lines and projects. Recent assignments include:
- Collaborating with broking teams on client pricing, utilizing and adapting pricing models
- Developing solutions for client inquiries and RFPs using actuarial and data science techniques
- Creating apps for client risk management, such as benchmarking, risk calculations, and deal structure comparisons
- Engaging in catastrophe and natural catastrophe modeling
Role Responsibilities:
- Partnering with Property broking teams to understand client needs and provide technical pricing input, challenging insurer assumptions when necessary
- Reviewing and updating Property products and models
- Developing new pricing models and refining existing ones
- Performing catastrophe modeling with RMS and/or AIR
- Supporting analytical model development, including Aggregate Loss Projections
- Preparing reports on data and model outputs for decision-making
- Providing actuarial support for business development and RFPs
- Assisting in the development of new products, initiatives, and sales materials
Candidate Profile:
- Part-qualified Actuary with experience in General Insurance or Lloyd’s Market Insurance
- Experience in Property or related lines of business
- Proficiency with RMS and/or AIR modeling
- Strong skills in R, R Shiny, and Excel
Senior Actuarial Analyst - Property employer: Lockton Companies
Contact Detail:
Lockton Companies Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Senior Actuarial Analyst - Property
✨Tip Number 1
Familiarise yourself with the latest trends in property insurance and actuarial practices. This will not only help you understand the role better but also allow you to engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the actuarial field, especially those working in property insurance. Attend industry events or join relevant online forums to build connections that could lead to referrals.
✨Tip Number 3
Brush up on your technical skills, particularly in R, R Shiny, and Excel. Consider taking online courses or working on personal projects that showcase your proficiency in these tools.
✨Tip Number 4
Prepare to discuss specific examples of how you've used actuarial techniques to solve problems or improve processes in previous roles. This will demonstrate your practical experience and problem-solving abilities.
We think you need these skills to ace Senior Actuarial Analyst - Property
Some tips for your application 🫡
Understand the Role: Read the job description thoroughly to grasp the responsibilities and requirements of the Senior Actuarial Analyst position. Highlight key skills such as proficiency in RMS and AIR modeling, and experience in Property insurance.
Tailor Your CV: Customise your CV to reflect relevant experience in General Insurance or Lloyd’s Market Insurance. Emphasise your actuarial qualifications and any specific projects that align with the role's responsibilities.
Craft a Compelling Cover Letter: Write a cover letter that showcases your understanding of Lockton’s analytics strategy and how your skills can contribute to their goals. Mention your experience with pricing models and catastrophe modeling to demonstrate your fit for the role.
Proofread Your Application: Before submitting, carefully proofread your application materials for any errors or inconsistencies. A polished application reflects attention to detail, which is crucial in actuarial work.
How to prepare for a job interview at Lockton Companies
✨Understand the Role
Make sure you have a solid grasp of what a Senior Actuarial Analyst does, especially in the context of Property insurance. Familiarise yourself with the key responsibilities listed in the job description, such as pricing models and catastrophe modelling.
✨Showcase Your Technical Skills
Be prepared to discuss your proficiency in R, R Shiny, and Excel. Consider bringing examples of how you've used these tools in previous roles, particularly in developing pricing models or conducting data analysis.
✨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities. Think about past experiences where you had to challenge assumptions or develop solutions for client inquiries, and be ready to explain your thought process.
✨Engage with the Interviewers
Demonstrate your collaborative spirit by asking insightful questions about the team dynamics and how the Risk Practices division interacts with other departments. This shows your interest in teamwork and understanding client needs.
