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- Tasks: Join a dynamic team to price new deals and develop innovative pricing tools.
- Company: Be part of a leading reinsurer in the heart of London, specialising in Life insurance.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Make an impact in a collaborative environment while building relationships with clients and colleagues.
- Qualifications: Ideal for nearly/newly qualified Actuaries with pricing experience in longevity or protection.
- Other info: Work on diverse projects across all product lines and enhance your actuarial skills.
The predicted salary is between 36000 - 60000 £ per year.
pmactuarial specialise in Actuarial search within UK Life insurance. We have been asked to find two Pricing Actuaries to join a London based reinsurer.
The purpose of the role will be to cover the pricing of new deals, negotiating commercial terms both internally and with clients, as well as basis development work across all products lines (longevity, protection, financial reinsurance).
More specifically the role will include:
* Involvement within quotes and basis development across all lines of business
* Development of strong relationships with internal business developers and external clients
* Derive best estimate bases for protection and longevity quotations
* Develop and maintain pricing tools.
The ideal candidate will be a nearly/newly qualified Actuary with pricing experience in at least one of longevity, protection or structured products. The chosen candidate will have strong technical and communication skills and be interested in working across all lines of business.
Pricing Actuary employer: Pmactuarial
Contact Detail:
Pmactuarial Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary
✨Tip Number 1
Network with professionals in the actuarial field, especially those who work in pricing roles. Attend industry events or webinars to connect with potential colleagues and learn more about the specific requirements of the role.
✨Tip Number 2
Familiarise yourself with the latest trends and tools in pricing within the life insurance sector. Being knowledgeable about current practices will help you stand out during interviews and discussions.
✨Tip Number 3
Prepare to discuss your experience with pricing tools and methodologies in detail. Be ready to provide examples of how you've successfully developed or maintained pricing models in previous roles.
✨Tip Number 4
Demonstrate your communication skills by engaging in mock interviews or discussions with peers. Being able to clearly articulate complex actuarial concepts will be crucial when negotiating terms with clients and internal teams.
We think you need these skills to ace Pricing Actuary
Some tips for your application 🫡
Understand the Role: Read the job description carefully to understand the specific responsibilities and requirements for the Pricing Actuary position. Highlight key skills such as pricing experience in longevity, protection, or structured products.
Tailor Your CV: Customise your CV to reflect your relevant experience and skills that align with the role. Emphasise your actuarial qualifications, pricing experience, and any specific projects related to longevity or protection.
Craft a Compelling Cover Letter: Write a cover letter that showcases your enthusiasm for the role and the company. Mention your experience in developing pricing tools and building relationships with clients, as these are crucial for the position.
Proofread Your Application: Before submitting, thoroughly proofread your application materials. Check for any spelling or grammatical errors, and ensure that all information is clear and concise to make a strong impression.
How to prepare for a job interview at Pmactuarial
✨Understand the Role
Make sure you have a clear understanding of the responsibilities of a Pricing Actuary. Familiarise yourself with pricing strategies, basis development, and the specific products mentioned in the job description, such as longevity and protection.
✨Showcase Your Technical Skills
Be prepared to discuss your technical expertise in actuarial pricing. Highlight any relevant experience you have with pricing tools and methodologies, and be ready to provide examples of how you've successfully applied these skills in previous roles.
✨Demonstrate Communication Skills
Since the role involves negotiating commercial terms and building relationships, practice articulating your thoughts clearly. Prepare to discuss how you've effectively communicated complex actuarial concepts to non-technical stakeholders in the past.
✨Prepare Questions
Have insightful questions ready for the interviewers. This could include inquiries about the company's approach to pricing, their expectations for the role, or how they foster collaboration between actuaries and business developers.
