At a Glance
- Tasks: Use data to shape pricing strategies for personal auto and property products.
- Company: Join a family-oriented, socially responsible insurance company with a great workplace culture.
- Benefits: Flexible time-off, retirement savings plan, fitness subsidy, and comprehensive health benefits.
- Other info: Great career growth opportunities in a dynamic and supportive environment.
- Why this job: Make a real impact on pricing strategies while collaborating with diverse teams.
- Qualifications: 5+ years in actuarial roles, strong analytical skills, and proficiency in programming languages.
The predicted salary is between 63000 - 77000 £ per year.
We are looking for a motivated and analytically driven Actuarial Associate to join our Personal Lines Pricing team. In this role, you will use data and actuarial insights to help shape pricing strategies for our personal auto and property products. Working closely with product management and underwriting, you will play an important role in ensuring our pricing remains competitive, profitable, and responsive to changing market conditions.
What you will be doing:
- Perform loss development, trend analysis, and rate level indication studies for personal auto (liability, collision, comprehensive) and personal property (homeowners, tenants, condo) lines of business.
- Build and maintain actuarial models to support rate filings and pricing decisions.
- Analyze the impact of proposed rate changes on loss ratios, premium volume, persistency and competitive positioning.
- Prepare and support provincial rate and form filings in coordination with regulatory affairs.
- Monitor loss ratio experience and emerging trends by segment, territory, and coverage.
- Conduct multivariate and predictive modeling analyses to refine risk segmentation and rating factors.
- Support the development and validation of GLM or other statistical pricing models.
- Collaborate with product, underwriting, and claims teams to incorporate business context into pricing recommendations.
- Assist with competitor benchmarking and market analyses.
- Document assumptions, methodologies, and results clearly for internal and regulatory audiences.
- Present findings and recommendations to actuarial leadership and senior management.
What you bring to the team:
- 5+ years of actuarial experience within the Property & Casualty insurance industry.
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, or a related discipline.
- ACAS designation completed, with active progress toward FCAS (or equivalent).
- Strong command of actuarial methods, loss modeling, credibility theory, and insurance fundamentals.
- Advanced proficiency in Excel and at least one analytical or programming language such as SQL, R, Python, SAS, or VBA.
- Experience working with large datasets, actuarial systems, and complex analytical environments.
- Demonstrated ability to take ownership of deliverables and drive projects to completion.
- Strong analytical judgment, attention to detail, and structured problem-solving skills.
- Ability to balance multiple priorities and meet deadlines in a dynamic environment.
- Confident communicator with the ability to present complex concepts clearly to management and business partners.
How you will succeed:
In your first year you will establish yourself as a trusted actuarial partner by delivering accurate pricing analyses, supporting regulatory filings, and providing data-driven recommendations that contribute to profitable growth. You will build strong relationships across underwriting, claims, and product teams, demonstrate ownership of projects from start to finish, and leverage your technical expertise to enhance pricing models, identify emerging trends, and support informed business decisions.
How we take care of our Employees:
By joining Millennium Insurance, you will belong to a passionate and purpose-driven team. As part of the Wheaton Group Companies, we pride ourselves on being family oriented, socially responsible, and in doing business the right way. Millennium is proud to be Great Place to Work Certified for creating an outstanding employee experience and an amazing workplace culture.
Some of the amazing benefits our employees have access to include:
- Flexible time-off and vacation program to support work–life balance.
- Group Retirement Savings Plan with employer matching contributions.
- Fitness subsidy to help you stay active and healthy.
- Education assistance to support your professional growth and certifications.
- Comprehensive health, dental, and insured benefits.
- Health and lifestyle spending account for additional wellness and personal needs.
- Access to employee discount programs to help you save on everyday purchases.
About Millennium Insurance:
Millennium Insurance is a locally owned and operated property and casualty insurance company based in Sherwood Park, AB. We pride ourselves on offering relevant and competitively priced insurance products, along with industry-leading customer service. Our business lines include personal automobiles, personal property, home warranty, commercial property, and commercial liability insurance. With over $400 million in written premium, Millennium Insurance is proud to be part of the Wheaton Group of Companies.
Interested in applying?
If you are ready to pursue a new challenge, visit our careers page and apply today! We thank all candidates for their interest but only candidates selected to advance in the hiring process will be contacted. Final candidates will be asked to undergo pre-employment backchecks, results of which must be satisfactory to Millennium. Millennium is committed to fostering an inclusive, equitable and accessible workplace. If we can make any adjustments to the hiring process to better accommodate you, please provide feedback when submitting your application or let us know when we reach out about a job opportunity.
This role not a fit for you? Stay connected with us through LinkedIn for information on other career opportunities that are available.
Actuarial Associate - Pricing in Nottingham employer: Millennium Insurance Corporation
Millennium Insurance Corporation is an attractive employer due to its commitment to employee development and a supportive work culture. The company provides opportunities for career advancement and engages employees in meaningful work that positively impacts customers' lives.
Contact Details:
Millennium Insurance Corporation Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Actuarial Associate - Pricing in Nottingham
✨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.
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✨Look Out for Graduate Schemes
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✨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 Millennium Insurance Corporation. 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 Actuarial Associate - Pricing in Nottingham
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 Millennium Insurance Corporation.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Millennium Insurance Corporation. 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 Millennium Insurance Corporation
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Millennium Insurance Corporation 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 Millennium Insurance Corporation, 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 Millennium Insurance Corporation'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.
