Pricing Actuary / Actuarial Pricing Analyst – 27867
Pricing Actuary / Actuarial Pricing Analyst – 27867

Pricing Actuary / Actuarial Pricing Analyst – 27867

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

  • Tasks: Join our Actuarial Pricing Team to support pricing for treaty reinsurance contracts.
  • Company: We are a leading firm in the insurance industry, known for innovation and excellence.
  • Benefits: Enjoy competitive pay, flexible working options, and a vibrant company culture.
  • Why this job: Make an impact by helping shape pricing strategies in a dynamic environment.
  • Qualifications: Must have a 2:1 degree in Maths, Stats, Economics or Actuarial Science and relevant experience.
  • Other info: Ideal for those looking to grow their actuarial career in a supportive team.

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

The role sits within the Actuarial Pricing Team that supports pricing of treaty reinsurance contracts and large risks that typically include loss sensitive features.

Location: London

Type: Permanent

Key Duties (including but not limited to):

  • Provide actuarial support to underwriters and their customers in the pricing of individual accounts.
  • Conduct portfolio analyses and other appropriate actuarial investigations for validating assumptions used in pricing and improving credibility of pricing outputs.
  • Assist underwriters in the structuring and pricing of Treaty Reinsurance policies; large insurance policies where experience rating is expected to be a material consideration; policies with material loss sensitive features.

Minimum Requirements:

  • 2:1 or higher degree in Mathematics, Statistics, Economics or Actuarial Science.
  • Partly or fully qualified actuary in the UK, US or Europe.
  • 2 – 4 years of experience working in General Insurance.
  • 1 – 2 years of experience in pricing general insurance and/or treaty reinsurance business.
  • London/Lloyd’s market experience (desirable).
  • Knowledge of actuarial techniques for pricing primary, excess of loss and catastrophe insurance/reinsurance products.
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Contact Detail:

The Emerald Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Pricing Actuary / Actuarial Pricing Analyst – 27867

✨Tip Number 1

Familiarise yourself with the latest trends in treaty reinsurance and loss-sensitive features. This knowledge will not only help you during interviews but also demonstrate your genuine interest in the role and the industry.

✨Tip Number 2

Network with professionals in the actuarial field, especially those working in the London/Lloyd’s market. Attend industry events or join relevant online forums to make connections that could lead to valuable insights or referrals.

✨Tip Number 3

Brush up on your actuarial techniques related to pricing primary, excess of loss, and catastrophe insurance products. Being able to discuss these topics confidently can set you apart from other candidates.

✨Tip Number 4

Prepare for potential case studies or practical assessments that may be part of the interview process. Practising how to approach real-world pricing scenarios will showcase your analytical skills and problem-solving abilities.

We think you need these skills to ace Pricing Actuary / Actuarial Pricing Analyst – 27867

Actuarial Techniques
Pricing Analysis
Portfolio Analysis
Statistical Modelling
Data Interpretation
Communication Skills
Problem-Solving Skills
Attention to Detail
Knowledge of Reinsurance Products
Experience Rating
Mathematical Proficiency
Technical Aptitude in Actuarial Software
Understanding of Loss Sensitive Features
Collaboration with Underwriters

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights relevant experience in actuarial pricing and general insurance. Emphasise any specific projects or roles that demonstrate your skills in portfolio analysis and pricing strategies.

Craft a Strong Cover Letter: Write a cover letter that directly addresses the key duties mentioned in the job description. Explain how your background in Mathematics, Statistics, or Actuarial Science aligns with the requirements and how you can contribute to the Actuarial Pricing Team.

Showcase Relevant Experience: In your application, provide examples of your experience in pricing treaty reinsurance and large risks. Highlight any specific achievements or contributions you've made in previous roles that relate to loss sensitive features.

Proofread Your Application: Before submitting, carefully proofread your application for any errors or inconsistencies. A well-presented application reflects your attention to detail, which is crucial in the actuarial field.

How to prepare for a job interview at The Emerald Group

✨Showcase Your Technical Skills

Make sure to highlight your knowledge of actuarial techniques relevant to pricing, especially for primary, excess of loss, and catastrophe insurance. Be prepared to discuss specific methods you've used in past roles and how they contributed to successful pricing strategies.

✨Demonstrate Your Analytical Thinking

The role requires strong analytical skills, so be ready to provide examples of how you've conducted portfolio analyses or validated assumptions in previous positions. Discuss any tools or software you’ve used to enhance your analyses.

✨Understand the Market

Familiarise yourself with the London/Lloyd’s market and current trends in treaty reinsurance. Being able to discuss recent developments or challenges in the industry will show your enthusiasm and commitment to the field.

✨Prepare Questions for Your Interviewers

Having insightful questions ready can demonstrate your interest in the role and the company. Consider asking about the team dynamics, the types of projects you would be involved in, or how the company supports professional development for actuaries.

Pricing Actuary / Actuarial Pricing Analyst – 27867
The Emerald Group
Location: London
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  • Pricing Actuary / Actuarial Pricing Analyst – 27867

    London
    Full-Time
    48000 - 72000 £ / year (est.)
  • T

    The Emerald Group

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