Actuarial Consultant

Actuarial Consultant

Full-Time 48000 - 72000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Build and update pricing models for casualty and marine lines.
  • Company: Dynamic consultancy based in Central London with a focus on innovation.
  • Benefits: Competitive pay, flexible working arrangements, and potential for contract extension.
  • Why this job: Join a collaborative team and make a real impact in the insurance industry.
  • Qualifications: Experience in pricing tool development and strong analytical skills.
  • Other info: Opportunity for professional growth in a fast-paced environment.

The predicted salary is between 48000 - 72000 £ per year.

We are seeking an experienced Actuarial Pricing Contractor to support pricing model development within casualty and marine lines for one of our clients based in Central London. The role involves building, updating, parameterizing and calibrating pricing models and supporting rate change processes. Role will be inside IR-35, initially 4-6 months. Although, it could potentially be extended.

Main Responsibilities

  • Parameterize pricing models (using relevant experience, benchmark & third-party data).
  • Identify and validate rating factors.
  • Integrate core minimum standards such as rate change calculations into selected pricing models to ensure compliance.
  • Assist with rollout of pricing models.
  • Compilation of key pricing metrics for portfolio analytics.
  • Provide ad hoc case pricing support as needed.
  • Other pricing support as required.

Essential Skills, Knowledge, and Experience

  • Proficiency in pricing tool development.
  • Highly collaborative approach.
  • Excellent analytical and problem‑solving skills.

Actuarial Consultant employer: Selby Jennings

Join a dynamic team in Central London where your expertise as an Actuarial Consultant will be valued and nurtured. Our collaborative work culture fosters innovation and professional growth, offering you the chance to develop cutting-edge pricing models while enjoying competitive benefits and a supportive environment. With opportunities for career advancement and a focus on employee well-being, we are committed to making your experience both meaningful and rewarding.
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Contact Detail:

Selby Jennings Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Actuarial Consultant

✨Tip Number 1

Network like a pro! Reach out to your connections in the actuarial field and let them know you're on the lookout for opportunities. You never know who might have a lead or can refer you to someone looking for an Actuarial Consultant.

✨Tip Number 2

Prepare for interviews by brushing up on your pricing model knowledge. Be ready to discuss your experience with parameterising models and integrating compliance standards. Show them you’re not just a number cruncher, but a problem solver!

✨Tip Number 3

Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds and shows your enthusiasm.

✨Tip Number 4

Apply through our website! We’ve got loads of opportunities that might be perfect for you. Plus, it’s a great way to ensure your application gets seen by the right people. Let’s get you that Actuarial Consultant gig!

We think you need these skills to ace Actuarial Consultant

Actuarial Pricing
Pricing Model Development
Parameterization of Pricing Models
Data Validation
Rate Change Calculations
Portfolio Analytics
Analytical Skills
Problem-Solving Skills
Collaboration Skills
Ad Hoc Case Pricing Support

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience with pricing models and any relevant projects you've worked on. We want to see how your skills align with the role, so don’t be shy about showcasing your achievements!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the Actuarial Consultant role. Share specific examples of your work in casualty and marine lines to grab our attention.

Showcase Your Analytical Skills: Since this role requires excellent analytical and problem-solving skills, make sure to include examples that demonstrate these abilities. We love seeing how you tackle challenges and come up with innovative solutions!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the easiest way for us to keep track of your application and ensures you’re considered for the role. Plus, we can’t wait to hear from you!

How to prepare for a job interview at Selby Jennings

✨Know Your Pricing Models

Make sure you brush up on your knowledge of pricing models, especially those relevant to casualty and marine lines. Be ready to discuss your experience in building and calibrating these models, as well as any specific tools you've used.

✨Showcase Your Analytical Skills

Prepare to demonstrate your analytical and problem-solving skills with real-life examples. Think of situations where you identified and validated rating factors or integrated compliance standards into pricing models.

✨Collaborate Like a Pro

Since the role requires a highly collaborative approach, be prepared to talk about your teamwork experiences. Share examples of how you've worked with others to roll out pricing models or compile key metrics for portfolio analytics.

✨Stay Updated on Industry Trends

Familiarise yourself with current trends in the actuarial field, particularly in pricing strategies. Being able to discuss recent developments or changes in regulations can set you apart and show your commitment to the industry.

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