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- Tasks: Lead pricing and performance analytics for innovative insurance products.
- Company: Dynamic insurance firm focused on profitability and innovation.
- Benefits: Competitive salary, professional development, and collaborative work environment.
- Why this job: Make a real impact in the insurance industry with your analytical skills.
- Qualifications: Qualified actuary with strong modelling and analytical skills.
- Other info: Exciting opportunities for career growth and cross-functional collaboration.
The predicted salary is between 36000 - 60000 £ per year.
Our client is seeking a highly analytical and commercially minded actuary to lead the pricing and performance analytics of their product portfolio. This role will sit at the heart of driving profitability within their business, requiring technical expertise, market awareness, and collaborative stakeholder engagement.
Key responsibilities:
- Pricing & Modelling: Develop, maintain, and enhance pricing models for product classes using actuarial best practices. Apply experience rating, exposure rating, and scenario-based pricing methodologies tailored to emerging risks. Work closely with underwriters on bespoke account pricing, structuring, and negotiation.
- Portfolio Analytics: Analyse portfolio performance, risk-adjusted profitability, and rate adequacy across regions and products. Identify loss trends and support the refinement of underwriting strategy. Contribute to business planning, rate monitoring, outwards reinsurance design and capital allocation exercises.
- Innovation & Risk Understanding: Support integration of broader augmented risk data, intelligence, and litigation trends into actuarial models. Collaborate with other experts to enrich models and assumptions. Contribute to the development of new or enhanced products.
- Stakeholder Engagement: Work embedded in the underwriting team. Engage proactively with the Chief Actuary to ensure commonality of standards and best practice. Provide actuarial insights to claims, capital, and reinsurance teams. Present findings to senior leadership and contribute to internal committees and pricing reviews. Support regulatory, Lloyd's, and internal audit requirements where needed.
Qualifications and Experience:
- Qualified/near-qualified actuary or equivalent qualification
- Bachelor's degree
- Strong modelling skills including experience in performing statistical investigations and building pricing/predictive models
- 5-10 years' experience in a technical role
- Excellent report writing and presentation skills
- Advanced computer literacy skills, e.g. R, Python, Excel, SQL, etc.
- Familiarity with pricing tools such as HyperX Radar / Emblem, or internal pricing platforms.
- Leadership skills within own team and cross-functionally
- Strong data management skills
- Good understanding of insurance industry
- Knowledge of litigation trends, regulatory developments, and emerging risks in product.
- Experience in Lloyd's or international (re)insurance markets.
- Familiarity with product risk exposure modelling.
Knowledge and Skills:
- Delivering results and meeting customer expectation
- Relating and networking
- Analyses
- Applying expertise and technology
- Achieving personal work goals and objectives
- Attention to detail
- Planning and organizing skills
- Problem Solving
- Negotiating
- Business Acumen/Knowledge
- Business Analysis
Personal Attributes:
- Drives results
- Deciding and initiating action
- Leading and supervising
- Collaborates
- Client focus
- Flexibility and adaptability
- Cultivates innovation
- Strategic decision making
- Analytical thinking
- Influencing/gaining commitment
- Business acumen
- Coaching and development
Pricing Actuary employer: Resourgenix Ltd
Contact Detail:
Resourgenix Ltd Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Pricing Actuary
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend local meetups. We can’t stress enough how important it is to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by practising common actuarial questions and scenarios. We recommend doing mock interviews with friends or mentors to boost your confidence and refine your answers.
✨Tip Number 3
Showcase your skills through real-world examples. When discussing your experience, focus on specific projects where you’ve developed pricing models or analysed portfolio performance. We want to see your impact!
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Pricing Actuary
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing Actuary role. Highlight your experience in pricing models, portfolio analytics, and any relevant software skills. We want to see how your background aligns with what we're looking for!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your skills can drive profitability in our [Product] portfolio. Keep it engaging and relevant to the job description.
Showcase Your Technical Skills: Don’t forget to highlight your technical expertise! Mention your experience with R, Python, Excel, or any pricing tools you've used. We love seeing candidates who are comfortable with data and modelling techniques.
Apply Through Our Website: We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us!
How to prepare for a job interview at Resourgenix Ltd
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your analytical prowess. Brush up on key metrics and trends in the insurance industry, especially those related to pricing models and portfolio performance. Be ready to discuss how you've used data to drive decisions in past roles.
✨Showcase Your Technical Skills
Make sure you highlight your experience with tools like R, Python, and SQL during the interview. Prepare examples of how you've built pricing or predictive models, and be ready to explain your thought process behind them. This will show that you can hit the ground running.
✨Engage with Stakeholders
Since this role involves collaboration with underwriters and senior leadership, think of examples where you've successfully engaged with stakeholders. Discuss how you’ve communicated complex actuarial insights in a way that’s easy for non-technical colleagues to understand.
✨Stay Current on Industry Trends
Familiarise yourself with the latest developments in the insurance sector, particularly around emerging risks and litigation trends. Being able to discuss these topics will not only show your passion for the field but also your commitment to continuous learning and innovation.