At a Glance
- Tasks: Support strategic pricing initiatives and analyse complex insurance contracts.
- Company: Dynamic insurance firm focused on innovation and collaboration.
- Benefits: Competitive salary, professional development, and a supportive team environment.
- Other info: Join a team that values continuous improvement and cross-functional collaboration.
- Why this job: Make an impact in the insurance industry while developing your analytical skills.
- Qualifications: Newly qualified actuary with 3+ years of London Market pricing experience.
The predicted salary is between 36000 - 60000 £ per year.
We are seeking a highly motivated and analytically strong Pricing Actuary to support the Deputy Head of Pricing, International in delivering strategic pricing initiatives across our International portfolio. The role will report to the Deputy Head of Pricing, International and sits within the International Pricing & Planning team as part of the CUO Office.
Your responsibilities will include:
- Complex Risk Pricing: Supporting the Deputy Head of Pricing and wider pricing team in the analysis, pricing and structuring of large and complex insurance and reinsurance contracts across multiple lines of business.
- Pricing Tool Development & Improvement: Working closely with class underwriters, contribute to the development and enhancement of pricing tools ensuring alignment with best practice methodologies. Help introduce new exposure models and improve parameterisation processes.
- Portfolio Steering & Analytics: Conduct analyses and investigations that inform growth strategies and remediation efforts. Participate in the monitoring of key accounts and support regular performance reviews with internal stakeholders and external partners.
- Business Planning Support: Support the production of planning materials, including loss ratio setting and analysis of key drivers such as loss trends and inflation. Contribute to the loss ratio volatility analysis needed for the capital model.
- Continuous Improvement: Identify opportunities to enhance pricing maturity and capabilities. Contribute to initiatives that support our ambition to be a best-in-class pricing function. Engage in peer review processes and seek and give feedback to develop your technical and professional skills as well as those of others.
- Contribute cross-functionally: Collaborate with colleagues across actuarial, underwriting, and other business functions to deliver high-quality insights and contribute to cross-functional projects.
Your skills and abilities should include:
- Newly qualified actuary with at least 3+ years of experience in London Market pricing.
- Practical experience of using a range of pricing techniques particularly for Lloyd’s/London Market risks.
- Experience of Casualty, Marine, Aviation or Energy advantageous.
- Experience in building and enhancing exposure-based pricing tools.
- Excellent MS Excel skills.
- Power BI and experience in a coding language (SQL, Python) desirable.
- Curious, open-minded and proactive with a desire to continuously improve and learn new skills.
- Collaborative mindset with the ability to work effectively in a team environment.
- Demonstrated commitment to delivering high quality work.
- Ability to communicate effectively with a wide range of stakeholders.
Pricing Actuary employer: SiriusPoint
As a leading player in the insurance sector, we pride ourselves on fostering a dynamic and inclusive work culture that encourages innovation and professional growth. Our London-based team offers competitive benefits, including ongoing training and development opportunities, ensuring that our employees are equipped to excel in their roles. Join us to be part of a collaborative environment where your contributions directly impact our strategic pricing initiatives and drive success across our International portfolio.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary
✨Network Like a Pro
Get out there and connect with people in the industry! Attend events, join online forums, and don’t be shy about reaching out on LinkedIn. We all know that sometimes it’s not just what you know, but who you know that can help you land that Pricing Actuary role.
✨Show Off Your Skills
When you get the chance to chat with potential employers, make sure to highlight your experience with pricing techniques and tools. We want to see how you’ve used your analytical skills in real-world scenarios, so come prepared with examples that showcase your expertise!
✨Ask Smart Questions
During interviews, don’t just wait for them to ask you questions. Show your interest by asking insightful questions about their pricing strategies and tools. This not only demonstrates your knowledge but also shows that you’re genuinely interested in contributing to their team.
✨Apply Through Our Website
We encourage you to apply directly through our website! It’s the best way to ensure your application gets seen by the right people. Plus, it shows you’re proactive and really keen on joining our team as a Pricing Actuary.
We think you need these skills to ace Pricing Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that match the Pricing Actuary role. Highlight your experience in London Market pricing and any relevant projects you've worked on. We want to see how you can contribute 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 pricing and how your background aligns with our goals. Don’t forget to mention your collaborative mindset and commitment to continuous improvement.
Showcase Your Technical Skills:Since we’re looking for someone with strong analytical skills, make sure to highlight your proficiency in MS Excel, Power BI, and any coding languages you know. We love seeing how you’ve used these tools in past roles to drive results.
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 don’t miss out on any important updates. Plus, it shows you’re keen to join our team!
How to prepare for a job interview at SiriusPoint
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your analytical skills. Brush up on key metrics and pricing techniques relevant to the London Market. Be ready to discuss how you've applied these in past roles, especially with complex insurance contracts.
✨Showcase Your Tool Skills
Familiarise yourself with the pricing tools mentioned in the job description. If you have experience with MS Excel, Power BI, or coding languages like SQL or Python, be prepared to share specific examples of how you've used these tools to enhance pricing strategies.
✨Collaborate and Communicate
This role requires working closely with various teams. Think of examples where you've successfully collaborated across functions. Highlight your communication skills and how you've effectively engaged with stakeholders to deliver high-quality insights.
✨Continuous Improvement Mindset
The company values a proactive approach to learning and improvement. Prepare to discuss how you've identified opportunities for enhancement in your previous roles. Share any initiatives you've led or contributed to that aimed at improving pricing capabilities.
