At a Glance
- Tasks: Design and implement pricing models for Property classes while collaborating with underwriters.
- Company: Join Starr, a rapidly growing global insurance and investment organisation.
- Benefits: Inclusive environment, first-class training, and opportunities for personal growth.
- Other info: Dynamic role with opportunities for career advancement and collaboration.
- Why this job: Make a real impact in the insurance industry with innovative pricing strategies.
- Qualifications: Qualified actuary with experience in Commercial Property and proficiency in Python/R/SQL.
The predicted salary is between 60000 - 80000 £ per year.
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.
The primary focus of the Divisional Actuary is to design and implement pricing models and processes for the syndicate, across Property classes.
Key Responsibilities- Responsible for designing and implementing pricing models and processes, across Property classes.
- Work with underwriters to define key policy features.
- Identify internal and external data sources.
- Set up pricing templates and models for use by underwriters.
- Assist with the implementation and maintenance of pricing software.
- Work closely with the Exposure Management team to monitor aggregations.
- Assist with forming Starr’s view of risk across modelled and non-modelled perils.
- Act as expert adviser to underwriters using the pricing software, adding bespoke features as required.
- Monitor and report various pricing metrics (e.g. pricing adequacy, RARC etc.).
- Develop MI to identify underperforming segments.
- Significant contribution to portfolio optimisation and capital allocation workstreams.
- Part of feedback loop between annual planning cycle, reserving, pricing and capital.
- Develop strong communication and collaboration with underwriters, capital and reserving.
- Ensure all regulatory requirements from Lloyd’s, PRA, FCA impacting Starr’s pricing function are known and addressed.
- Contribute to AFRs as required.
The above duties and responsibilities are not an exhaustive list, and you may be required to undertake other reasonable duties compatible with your experience and competencies. This description may be varied from time to time to reflect changing business requirements.
Qualifications, skills and experience- Qualified actuary (FIA or equivalent).
- Experience with Commercial Property classes, especially in the London Market.
- Experience with Python/R/SQL.
- Experience with Hx, a plus.
- Prior managerial experience.
- Analysis and decision making.
- Innovation and problem solving.
- Strategic perspective.
- Commerciality.
- Relationships.
- Communication and influence.
Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Divisional Actuary, Property in London employer: Starr
Starr is an exceptional employer that fosters a dynamic and inclusive work culture, providing first-class training and development opportunities for its employees. As a Divisional Actuary in the heart of London, you will be part of a rapidly expanding global organisation, where your expertise will directly contribute to innovative pricing models and risk management strategies, ensuring meaningful career growth and collaboration with talented professionals across the industry.
StudySmarter Expert Advice🤫
We think this is how you could land Divisional Actuary, Property in London
✨Tip Number 1
Network like a pro! Reach out to current or former employees at Starr on LinkedIn. A friendly chat can give you insider info and maybe even a referral, which can really boost your chances.
✨Tip Number 2
Prepare for the interview by brushing up on your technical skills. Since you'll be working with pricing models and software, make sure you can confidently discuss your experience with Python, R, or SQL. Show us what you've got!
✨Tip Number 3
Don’t just focus on your qualifications; highlight your soft skills too! Communication and collaboration are key in this role, so be ready to share examples of how you've successfully worked with teams in the past.
✨Tip Number 4
Apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you're genuinely interested in joining our team at Starr. Let’s get you started on this exciting journey!
We think you need these skills to ace Divisional Actuary, Property in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Divisional Actuary role. Highlight your experience with pricing models and any relevant software like Python or SQL. 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 the role and how your background makes you a perfect fit for Starr. Don’t forget to mention your experience in the London Market if you have it!
Showcase Your Analytical Skills:As an actuary, analytical skills are key. In your application, provide examples of how you've used data analysis to drive decisions or improve processes. We love seeing how you think critically and solve problems!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, you’ll find all the details you need about the role and our company culture there!
How to prepare for a job interview at Starr
✨Know Your Numbers
As a Divisional Actuary, you'll be expected to have a solid grasp of pricing models and metrics. Brush up on your knowledge of key pricing metrics like RARC and pricing adequacy. Be ready to discuss how you've used these in past roles or projects.
✨Showcase Your Technical Skills
Make sure you highlight your experience with Python, R, or SQL during the interview. Prepare examples of how you've used these tools to develop pricing models or analyse data. This will demonstrate your technical prowess and relevance to the role.
✨Communicate Effectively
Strong communication is key in this role, especially when collaborating with underwriters and other teams. Practice explaining complex actuarial concepts in simple terms. This will show that you can bridge the gap between technical and non-technical stakeholders.
✨Understand the Market
Familiarise yourself with the Commercial Property classes, particularly in the London Market. Be prepared to discuss current trends and challenges in the industry. This will not only show your interest but also your strategic perspective on how to approach pricing in a competitive landscape.
