At a Glance
- Tasks: Dive into a real actuarial role, pricing risks and analysing portfolios from day one.
- Company: Join SCOR, a leading global reinsurer with a collaborative culture.
- Benefits: Gain exposure to Lloyd’s markets and global actuarial projects while developing your skills.
- Why this job: Make an impact in the insurance industry and work with top professionals.
- Qualifications: Ideal for those with actuarial experience or a strong background in mathematics.
- Other info: Embrace a dynamic environment with opportunities for professional growth and inclusion.
The predicted salary is between 28000 - 35000 £ per year.
This is a unique opportunity to step into a real actuarial role from day one—working alongside underwriters, actuaries, and data specialists who shape pricing decisions across multiple lines of business. You’ll gain exposure to Lloyd’s markets, portfolio analysis, and global actuarial projects.
Responsibilities
- Work closely with underwriters and other members of the Actuarial pricing team to price risks for multiple lines of business;
- Participate in portfolio monitoring and analyses, to help assess the profitability of business that has already been written;
- Support and drive efficiency within the data manipulation process to help streamline the pricing workflow within the team;
- Assist with pricing during busy periods;
- Contribute to global actuarial projects as required, to drive gains across the whole SCOR global enterprise;
- Support CAT modelling and reporting.
Qualifications
Required experience & competencies
Experience: The ideal candidate will have gained some actuarial work experience in insurance/reinsurance or mathematical modelling. Experience of participation in projects and teams.
Personal Competences:
- Familiarity with standard Microsoft Office applications such as Excel, Word and PowerPoint;
- Excellent analytical skills with attention to detail;
- Able to communicate clearly and concisely, verbally and in writing;
- Collaborative team ‑ player spirit with experience of project participation;
- Ability to work effectively with minimal supervision;
- Self ‑ starter/motivator and creative;
- Interest in data science with preference given to programming capability and experience of Python, SQL or VBA.
Required Education
- University degree in mathematics, economics or related field or equivalent;
- Willingness to attain a professional actuarial designation.
Graduate Trainee Pricing Actuary - 12 months in London employer: SCOR UK Company Limited
Contact Detail:
SCOR UK Company Limited Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Graduate Trainee Pricing Actuary - 12 months in London
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, or even reach out to alumni from your university. Building relationships can open doors that you didn’t even know existed.
✨Ace the Interview
Prepare for your interviews by practising common actuarial questions and scenarios. Don’t forget to showcase your analytical skills and teamwork spirit—these are key in the role. Remember, it’s not just about answering questions; it’s about showing who you are!
✨Show Off Your Skills
If you’ve got experience with Python, SQL, or VBA, make sure to highlight that! Create a portfolio or a GitHub page to showcase your projects. This will give you an edge and demonstrate your passion for data science.
✨Apply Through Our Website
Don’t forget to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, you’ll be one step closer to joining our amazing team at SCOR!
We think you need these skills to ace Graduate Trainee Pricing Actuary - 12 months in London
Some tips for your application 🫡
Tailor Your CV: Make sure your CV is tailored to the Graduate Trainee Pricing Actuary role. Highlight any relevant actuarial experience, especially in insurance or mathematical modelling, and don’t forget to showcase your analytical skills!
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 SCOR's values. Be sure to mention any programming skills you have, like Python or SQL.
Showcase Team Spirit: SCOR values collaboration, so make sure to highlight any team projects you've been part of. Share specific examples of how you contributed to a team's success and how you can bring that spirit to our actuarial pricing team.
Apply Through Our Website: We encourage you to apply through our website for the best chance of getting noticed. It’s straightforward and ensures your application goes directly to us, making it easier for us to review your credentials!
How to prepare for a job interview at SCOR UK Company Limited
✨Know Your Numbers
As a Graduate Trainee Pricing Actuary, you'll be dealing with data and numbers daily. Brush up on your mathematical skills and be prepared to discuss any relevant experience you have with statistical analysis or actuarial models. Show them you can handle the numbers!
✨Familiarise Yourself with the Industry
Make sure you understand the basics of the insurance and reinsurance sectors, especially how pricing decisions are made. Research SCOR and their approach to risk management. This will help you ask insightful questions and demonstrate your genuine interest in the role.
✨Show Off Your Tech Skills
Since programming knowledge is a plus, be ready to talk about your experience with Python, SQL, or VBA. If you've worked on any projects involving data manipulation or analysis, share those examples. It’ll show that you’re not just a number cruncher but also tech-savvy!
✨Be a Team Player
Collaboration is key in this role, so think of examples where you've successfully worked in a team. Whether it was a university project or a previous job, highlight your ability to communicate clearly and work well with others. They want to see that you can contribute positively to their team dynamic.