Senior Risk Actuary

Senior Risk Actuary

London Full-Time 60000 - 84000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Join our London Market Pricing team to analyse risks and develop pricing models.
  • Company: Be part of a leading Lloyd's syndicate backed by a top global insurance provider.
  • Benefits: Enjoy competitive pay, professional development, and a collaborative work environment.
  • Why this job: Make an impact in the insurance industry while mentoring future actuaries.
  • Qualifications: Must be a qualified Actuary through the IFoA or equivalent.
  • Other info: Opportunity to work across various Property and Casualty classes.

The predicted salary is between 60000 - 84000 £ per year.

Our client is a reputable Lloyd's syndicate, backed by one of the world's largest commercial insurance providers. They are actively seeking a Senior Pricing Actuary to join their London Market Pricing team and work across various LOBs within Property and Casualty classes.

This role will involve a blend of case pricing, portfolio analyses, and stakeholder management, working closely with their underwriting teams, as well as the more technical, pricing model development, and risk parameterisation. You will also assist in mentoring and training their more junior actuaries and analysts.

Qualified Actuary through the IFoA, or equivalent.

Senior Risk Actuary employer: Selby Jennings

As a leading Lloyd's syndicate, our client offers an exceptional work environment in the heart of London, where innovation and collaboration thrive. Employees benefit from a strong focus on professional development, with ample opportunities for mentorship and training, particularly for those in actuarial roles. The company fosters a supportive culture that values diversity and encourages a healthy work-life balance, making it an ideal place for actuaries looking to make a meaningful impact in the insurance industry.
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Contact Detail:

Selby Jennings Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Senior Risk Actuary

✨Tip Number 1

Network with professionals in the London Market Pricing sector. Attend industry events or webinars where you can meet actuaries and underwriters, as personal connections can often lead to job opportunities.

✨Tip Number 2

Stay updated on the latest trends and developments in Property and Casualty insurance. Being knowledgeable about current market conditions and regulatory changes will help you stand out during discussions with potential employers.

✨Tip Number 3

Demonstrate your mentoring skills by sharing insights or resources with junior actuaries in your network. This shows your leadership capabilities and commitment to the profession, which is a key aspect of the role.

✨Tip Number 4

Familiarise yourself with the specific pricing models and risk parameterisation techniques used by Lloyd's syndicates. Highlighting your expertise in these areas during interviews can significantly boost your chances of landing the job.

We think you need these skills to ace Senior Risk Actuary

Qualified Actuary (IFoA or equivalent)
Advanced Statistical Analysis
Pricing Model Development
Risk Parameterisation
Portfolio Analysis
Case Pricing Expertise
Stakeholder Management
Mentoring and Training Skills
Strong Communication Skills
Attention to Detail
Problem-Solving Skills
Data Interpretation
Knowledge of Property and Casualty Insurance
Adaptability in a Fast-Paced Environment

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your experience in pricing, portfolio analysis, and stakeholder management. Emphasise any relevant qualifications, particularly your status as a qualified actuary through the IFoA or equivalent.

Craft a Compelling Cover Letter: In your cover letter, explain why you are interested in the Senior Risk Actuary position specifically. Mention your experience with Property and Casualty classes and how you can contribute to the London Market Pricing team.

Showcase Your Technical Skills: Detail your experience with pricing model development and risk parameterisation. Provide examples of how you've successfully implemented these skills in previous roles, as this will be crucial for the hiring team.

Highlight Mentoring Experience: Since the role involves mentoring junior actuaries and analysts, include any relevant experience you have in training or guiding others. This will demonstrate your leadership capabilities and fit for the role.

How to prepare for a job interview at Selby Jennings

✨Showcase Your Technical Skills

As a Senior Risk Actuary, you'll need to demonstrate your expertise in pricing models and risk parameterisation. Be prepared to discuss specific projects where you've successfully developed or implemented these models, highlighting your analytical skills and attention to detail.

✨Understand the Business Context

Familiarise yourself with the Lloyd's market and the specific Property and Casualty classes relevant to the role. Showing that you understand the broader business implications of your work will impress interviewers and demonstrate your strategic thinking.

✨Prepare for Stakeholder Management Questions

Since the role involves working closely with underwriting teams, be ready to discuss your experience in stakeholder management. Think of examples where you've effectively communicated complex actuarial concepts to non-technical stakeholders, showcasing your ability to bridge the gap between technical and business teams.

✨Highlight Mentoring Experience

As you'll be mentoring junior actuaries and analysts, it's important to convey your leadership skills. Prepare examples of how you've supported the development of others in your previous roles, focusing on your approach to training and knowledge sharing.

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