At a Glance
- 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 Β£ 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 in Slough employer: Resourgenix Ltd
Contact Detail:
Resourgenix Ltd Recruiting Team
StudySmarter Expert Advice π€«
We think this is how you could land Pricing Actuary in Slough
β¨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend local meetups. We all know that sometimes itβs not just what you know, but who you know that can help you land that Pricing Actuary role.
β¨Tip Number 2
Prepare for interviews by brushing up on your technical skills and market knowledge. We recommend practising common actuarial scenarios and being ready to discuss how youβd tackle pricing models and portfolio analytics in real-time.
β¨Tip Number 3
Showcase your analytical prowess! Bring along examples of your previous work, especially any innovative pricing models or analyses you've done. We want to see how you think and solve problems, so make sure to highlight your best projects.
β¨Tip Number 4
Donβt forget to apply through our website! Itβs the best way to ensure your application gets seen by the right people. Plus, we love seeing candidates who are proactive about their job search!
We think you need these skills to ace Pricing Actuary in Slough
Some tips for your application π«‘
Tailor Your CV: Make sure your CV reflects the specific skills and experiences mentioned in the job description. Highlight your modelling skills and any relevant experience in pricing and analytics to show us youβre the right fit for the Pricing Actuary role.
Craft a Compelling Cover Letter: Use your cover letter to tell us why youβre passionate about this role and how your background aligns with our needs. Donβt just repeat your CV; give us insights into your thought process and how you approach problem-solving in actuarial work.
Showcase Your Technical Skills: Since weβre looking for someone with strong technical expertise, make sure to mention your proficiency in tools like R, Python, and SQL. If youβve worked with pricing tools like HyperX Radar or Emblem, let us know!
Apply Through Our Website: We encourage you to apply directly through our website. Itβs the best way for us to receive your application and ensures you donβt miss out on any important updates during the hiring process.
How to prepare for a job interview at Resourgenix Ltd
β¨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.
β¨Showcase Your Technical Skills
Make sure you highlight your experience with statistical tools and programming languages like R, Python, and SQL. Prepare examples of how you've built or enhanced pricing models, and be ready to explain your thought process behind these projects.
β¨Engage with Stakeholders
This role requires collaboration with various teams, so be prepared to discuss how you've successfully engaged with stakeholders in the past. Share specific instances where your insights influenced decision-making or improved processes within your team or organisation.
β¨Prepare for Scenario Questions
Expect questions that assess your problem-solving abilities and how you handle emerging risks. Think of scenarios where you've had to adapt your pricing strategies based on new data or market changes, and be ready to articulate your approach clearly.