At a Glance
- Tasks: Design realistic insurance scenarios and evaluate AI model outputs for accuracy.
- Company: Join a leading AI lab partnered with Mercor, shaping the future of insurance.
- Benefits: Flexible hours, competitive pay, and opportunities for professional growth.
- Other info: Immediate start with applications reviewed on a rolling basis.
- Why this job: Make a real impact in the insurance industry using cutting-edge AI technology.
- Qualifications: 2+ years in P&C actuarial work and strong quantitative analysis skills.
The predicted salary is between 49500 - 60500 £ per year.
Mercor is partnering with a leading AI lab to train frontier models on high-quality insurance reasoning data. We're hiring P&C Actuaries and Portfolio Risk Managers to design realistic pricing, reserving, forecasting, and portfolio-management scenarios, evaluate model outputs against established actuarial standards, and help shape how the next generation of AI reasons quantitatively about insurance risk. We welcome pricing actuaries, reserving actuaries, portfolio analysts, catastrophe-risk professionals, and actuarial managers from carriers, reinsurers, MGAs, and consulting firms.
What You'll Do
- Design realistic scenarios involving loss costs, rate indications, trend, development, credibility, segmentation, reserving, profitability, capital, catastrophe exposure, and portfolio concentration.
- Create work products such as pricing analyses, reserve reviews, portfolio diagnostics, assumption critiques, sensitivity analyses, and management recommendations.
- Write 'golden' reference responses at experienced actuarial and portfolio-risk quality.
- Grade AI-generated responses against structured rubrics for mathematical accuracy, assumption quality, methodology, interpretation, and communication.
- Identify calculation errors, unsupported assumptions, misuse of actuarial methods, confusing correlation with causation, and recommendations not supported by the data.
- Provide written feedback the research team uses to improve model behaviour.
- Participate in onboarding office hours and calibration sessions.
You're a Good Fit If You Have
- 2+ years of professional experience in P&C actuarial work, insurance pricing, reserving, catastrophe modeling, or portfolio risk management.
- Performed quantitative analysis using insurance premium, exposure, claim, loss, or reserve data.
- Understand the difference between account-level underwriting judgment and portfolio-level actuarial analysis.
- Can explain methods, assumptions, limitations, and business implications clearly to technical and nontechnical audiences.
- Demonstrate strong quantitative reasoning, excellent written communication, and high attention to detail.
- Are proficient with spreadsheets and at least one analytical or statistical tool.
Bonus Qualifications
- ACAS, FCAS, or active progress toward CAS credentials.
- Experience with personal, commercial, specialty, or reinsurance portfolios.
- Catastrophe modeling, capital modeling, predictive modeling, or rate-filing experience.
- Proficiency with SQL, R, Python, SAS, or actuarial modeling platforms.
- Experience presenting results to underwriting, finance, claims, or executive stakeholders.
Role Highlights
- Minimum 20 hours per week (ideally 40+).
- Role starts immediately, applications reviewed on a rolling basis.
P&C Actuary - Risk Management in London employer: Mercor
Mercor is an exceptional employer that champions innovation and creativity in the AI sector, offering a fully remote work environment that promotes flexibility and independence. With a strong focus on employee growth, team members are encouraged to take ownership of their projects while benefiting from a supportive culture that values collaboration and continuous learning. Joining Mercor means being part of a forward-thinking company backed by industry leaders, where your contributions directly impact cutting-edge search technologies.
StudySmarter Expert Advice🤫
We think this is how you could land P&C Actuary - Risk Management in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Mercor). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Mercor. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace P&C Actuary - Risk Management in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Mercor.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Mercor. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Mercor
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Mercor to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Mercor, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Mercor's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
