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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 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 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 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 the sector.
- Experience in Lloyd’s or international (re)insurance markets.
- Familiarity with 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 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 London
✨Tip Number 1
Network like a pro! Reach out to people in the industry, attend events, and connect on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by practising common questions and showcasing your analytical skills. Use real-life examples from your experience to demonstrate how you’ve tackled challenges in pricing and modelling.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your values and career goals. Check out our website for openings at Santam Syndicate 1918 and tailor your approach to fit our culture.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can go a long way in keeping you top of mind. Mention something specific from your conversation to show you were engaged and interested.
We think you need these skills to ace PRICING ACTUARY: (Property) in 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. We want to see how you can bring value to our team!
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 background aligns with our needs. Be sure to mention your understanding of the insurance industry and any innovative ideas you might have.
Showcase Your Analytical Skills: Since this role is all about analytics, make sure to include examples of how you've used data to drive decisions in your previous roles. We love seeing candidates who can demonstrate their analytical thinking and problem-solving abilities!
Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re keen on joining our team at Santam Syndicate 1918!
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. Prepare specific examples that showcase your technical expertise.
✨Understand the Business
Familiarise yourself with Santam Syndicate 1918's approach to underwriting and portfolio analytics. Research their products and recent market trends. This will help you engage meaningfully with stakeholders during the interview and show that you're genuinely interested in contributing to their success.
✨Showcase Your Collaboration Skills
This role requires working closely with underwriters and other teams. Be prepared to share examples of how you've successfully collaborated in the past. Highlight any experiences where you’ve contributed to cross-functional projects or engaged with senior leadership to drive results.
✨Prepare for Technical Questions
Expect questions that test your modelling skills and understanding of risk management. Brush up on tools like R, Python, and SQL, and be ready to discuss how you've used them in your work. Practising common actuarial scenarios can also help you feel more confident during the technical parts of the interview.
