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- Tasks: Lead pricing and performance analytics for our property portfolio, driving profitability.
- Company: Join Santam Syndicate 1918, a dynamic and innovative insurance company in London.
- Benefits: Competitive salary, diverse workplace, and opportunities for professional growth.
- Why this job: Make a real impact in the insurance industry with cutting-edge analytics and collaborative teamwork.
- Qualifications: Qualified actuary or equivalent, strong modelling skills, and 5-10 years of experience.
- Other info: Empowerment and accountability in a supportive, inclusive environment.
The predicted salary is between 36000 - 60000 £ per year.
LOCATION: LONDON
This career opportunity is available at Santam Syndicate 1918 for a Pricing Actuary: [Property] who will be based in the UK & have right to work in the UK.
WHAT WILL YOU DO?
We are seeking a highly analytical and commercially minded actuary to lead the pricing and performance analytics of our [Product] portfolio. This role will sit at the heart of driving profitability within our business, requiring technical expertise, market awareness, and collaborative stakeholder engagement.
WHAT WILL MAKE YOU SUCCESSFUL IN THE ROLE?
- 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
WHO WE ARE:
Santam syndicate 1918 is a new wholly owned and capitalised entity of Santam Insurance, the largest insurance company in South Africa with a 107 year heritage. 1918 is strategically important in expanding and developing Santam’s international footprint, through access to the London market talent, distribution network and Lloyd’s global insurance and reinsurance licenses. Our syndicate is a London managed and run business, with a strong, experienced leadership team, focused on underwriting discipline, whilst allowing our teams to feel empowered and accountable for their actions. We are building a collaborative team where underwriting, claims, actuarial and other functions work closely, to help achieve superior underwriting results. At Santam Group we are committed to transformation and embracing diversity. This commitment is what drives us to achieve a diverse workplace with the aim to create an inclusive workforce.
PRICING ACTUARY: (Property) in City of London employer: Santam Syndicate 1918
Contact Detail:
Santam Syndicate 1918 Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land PRICING ACTUARY: (Property) in City of London
✨Tip Number 1
Network like a pro! Get out there and connect with industry professionals on LinkedIn or at events. We all know that sometimes it’s not just what you know, but who you know that can land you that dream job.
✨Tip Number 2
Prepare for interviews by researching the company and its culture. We want to show that we’re not just a good fit for the role, but also for the team. Tailor your answers to reflect how your skills align with their needs.
✨Tip Number 3
Practice makes perfect! Do mock interviews with friends or use online platforms. We need to be confident in articulating our experiences and how they relate to the pricing actuary role.
✨Tip Number 4
Don’t forget to follow up after interviews! A quick thank-you email can go a long way. It shows we’re genuinely interested and keeps us fresh in their minds. Plus, it’s a great chance to reiterate our enthusiasm for the position.
We think you need these skills to ace PRICING ACTUARY: (Property) in City of London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Pricing Actuary role. Highlight your relevant experience in pricing models and portfolio analytics, and don’t forget to showcase your technical skills like R or Python!
Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you’re the perfect fit for this role at Santam Syndicate 1918. Mention your analytical mindset and how you can contribute to driving profitability.
Showcase Your Achievements: When detailing your experience, focus on specific achievements that demonstrate your impact in previous roles. Use numbers and examples to illustrate how you’ve successfully tackled challenges in pricing and analytics.
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets the attention it deserves. Plus, it shows us you’re keen on joining our team!
How to prepare for a job interview at Santam Syndicate 1918
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your analytical skills. Brush up on your pricing models and be ready to discuss how you've applied methodologies like experience rating or exposure rating in past roles. Show them you can crunch the numbers and make sense of complex data!
✨Showcase Your Collaboration Skills
This role involves working closely with underwriters and other stakeholders. Prepare examples of how you've successfully collaborated in the past. Highlight any experiences where your insights led to improved decision-making or enhanced product development.
✨Stay Current with Industry Trends
Familiarity with litigation trends and emerging risks is crucial. Do your homework on recent developments in the insurance industry, especially those affecting property pricing. Being able to discuss these topics will show your market awareness and commitment to staying informed.
✨Practice Your Presentation Skills
You'll likely need to present findings to senior leadership. Practice explaining complex actuarial concepts in simple terms. Use clear visuals if possible, and be prepared to answer questions. This will demonstrate your communication skills and ability to engage with non-technical stakeholders.
