At a Glance
- Tasks: Support pricing and actuarial functions while collaborating on innovative projects.
- Company: Join OAK Global, a leading risk partner with a vibrant culture.
- Benefits: Early exposure to commercial decisions and strong support for career development.
- Other info: Diverse and inclusive workplace committed to your growth.
- Why this job: Shape tools and processes while growing your skills in a dynamic environment.
- Qualifications: Degree or equivalent experience with a curiosity for data-driven decision-making.
The predicted salary is between 63000 - 77000 £ per year.
Raretec is delighted to be working exclusively on this Pricing Actuary role in London with OAK Global, a leading Lloyd's risk partner.
About OAK Global
OAK Global is a leading risk partner, delivering innovative and tailored risk solutions to clients around the world. Rooted in the strength of Lloyd's and with a mission to underwrite a resilient future, OAK Global aims to deliver innovative risk solutions in a fast-evolving risk landscape. The company prides itself on fostering trusted partnerships and leveraging advanced analytics and underwriting expertise to deliver growth for investors and partners. Headquartered in London and launched in late 2024, OAK Global offers specialist capability across property, cyber, credit, marine, energy and terrorism, transition and innovation. OAK Global is at an exciting stage of growth; within its first year, the company launched two Syndicates: OAK Global insurance (Syndicate 2843) offers primary reinsurance while OAK Enterprise (Syndicate 1440) offers retrocession across multiple classes of business. Backed by diverse investors, from private equity to Lloyd's Names and trade capital, OAK Global is investing heavily in talent and technology to support its growth ambitions. At the heart of OAK Global is a culture where everyone feels welcome, challenged and connected to our purpose. This culture thrives on collaboration, authenticity and a commitment to help others realise their potential - we value and respect the unique skills of every individual and foster an environment that enables ambition.
The role
Reporting to a Senior Actuary, you'll support the pricing and actuarial function across OAK Global. This is a broad, hands‑on role that offers exposure to underwriting, capital, finance and strategy, alongside the chance to help develop OCEAN, our proprietary underwriting and pricing platform. We recognise that no one joins knowing everything. You'll be supported to grow your technical skills, confidence and commercial judgement over time.
Why join Oak Global?
- Early exposure to real commercial decisions
- Strong support for learning, exams and career development
- The chance to help shape tools, processes and ways of working from the ground up
Key Responsibilities
- Pricing & underwriting support
- Partner with underwriters across multiple classes to price individual risks accurately and consistently
- Apply approved pricing tools and methodologies, with guidance and peer support
- Clearly document pricing assumptions, rationale and outcomes to an auditable standard
- Help train and support colleagues in the use of pricing tools and models
- Model development
- Build, maintain and improve class pricing models
- Document models in line with actuarial and internal standards
- Participate in peer reviews and model validation, learning best practice as you go
- Help keep models up to date through version control and structured change logs
- Planning, capital & portfolio insight
- Support business planning through historical analysis and projections
- Contribute market and portfolio insights to planning and SBF submissions
- Assist with capital model inputs and scenario analysis alongside the Capital team
- Help develop clearer portfolio views and management information for decision-makers
- Reserving & finance support
- Provide analysis to support reserving and financial reporting cycles, including:
- Cat and non-cat loss modelling
- Class-level and portfolio analysis
- Loss ratio commentary and ceded analysis
- Retrocession & risk transfer
- Support analysis of retrocession structures, including scenario testing and ROE impact
- Help assess cost/benefit trade-offs under guidance from senior colleagues
- OCEAN platform development
- Contribute ideas, testing and feedback to the ongoing development of OCEAN
- Work with IT and Data colleagues to improve data quality, controls and usability
- Strategic projects
- Assist with analysis of new classes, ventures or strategic opportunities
- Support profitability, portfolio and capital impact assessments
- Occasionally contribute to presentations or materials for internal and external use
- Learning & development
- Take part in mentoring and development conversations
- Support (and over time help develop) junior colleagues
- For actuarial students, progress exams in line with an agreed study plan
Skills and Experience
- Degree or equivalent experience
- Early‑career actuarial or pricing experience
- Excellent analytical skills with a risk‑focused mindset
- Curiosity and attention to detail, with a desire to understand the "why" as well as the "how"
- Ability to communicate technical concepts clearly to non‑actuarial stakeholders
- Interest in technology, modelling, and data‑driven decision‑making
- Proactive and collaborative approach, with confidence to ask questions and challenge thinking
- Forward‑thinking mindset, including the ability to horizon scan and think creatively
- Excellent ownership and follow‑through, with the ability to see tasks and projects through to completion
Our Commitment to Diversity and Inclusion
Oak Global is committed to building a diverse and inclusive workplace. We encourage applicants from candidates of all backgrounds and experiences.
Pricing Actuary – Nearly/Newly Qualified in London employer: Raretec Recruitment Ltd.
As a leading reinsurance group based in London, we pride ourselves on fostering a dynamic work culture that encourages collaboration and innovation. Our Capital Solutions Senior Analyst role offers not only competitive benefits and opportunities for professional growth but also the chance to engage with senior stakeholders and contribute to strategic decision-making in a highly visible capacity. Join us to be part of a team that values your insights and supports your career development in the heart of one of the world's leading financial hubs.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary – Nearly/Newly Qualified 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 Raretec Recruitment Ltd.). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
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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 Raretec Recruitment Ltd.. 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 Pricing Actuary – Nearly/Newly Qualified 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 Raretec Recruitment Ltd..
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Raretec Recruitment Ltd.. 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 Raretec Recruitment Ltd.
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Raretec Recruitment Ltd. 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 Raretec Recruitment Ltd., 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 Raretec Recruitment Ltd.'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.
