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- Tasks: Develop pricing models and processes while collaborating with underwriting teams.
- Company: Join a leading firm in the London Market, known for innovation and excellence.
- Benefits: Enjoy competitive pay, flexible working options, and opportunities for professional growth.
- Why this job: Be part of a dynamic team shaping pricing strategies that impact the industry.
- Qualifications: Must be a qualified actuary with experience in pricing and strong analytical skills.
- Other info: Proficiency in Python, SQL, or R is a plus; work in a vibrant London office.
The predicted salary is between 43200 - 72000 £ per year.
The pricing actuary will work closely with the head of pricing to develop pricing models and processes, underwriting teams, gaining first-hand insight to all stages of the pricing process.
- Location: London
- Type: Fixed Term
Key Duties (Including but not limited to):
- The focus will be on developing exposure rating models for day-to-day underwriting, as well as individual account pricing and portfolio management.
- Pricing and assessing profitability of large and complex accounts, as referred by underwriters.
- Updating pricing models to meet underwriters’ changing needs and evolving market conditions.
Minimum Requirements:
- Qualified Actuary.
- Pricing experience with Lloyd’s syndicate, London Market insurer or broker.
- Experience working directly with underwriters on account pricing and portfolio analysis.
- The Company makes heavy use of Python and SQL for its pricing system. Proficiency in R, Python or C# would be beneficial, as well as a database language such as SQL or SAS.
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Contact Detail:
The Emerald Group Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Property Pricing Actuary FTC – 28429
✨Tip Number 1
Familiarise yourself with the latest trends in property pricing and underwriting. Understanding the current market conditions and how they affect pricing models will give you an edge during discussions with the hiring team.
✨Tip Number 2
Brush up on your Python and SQL skills, as these are crucial for the role. Consider working on a small project or case study that showcases your ability to develop pricing models using these languages.
✨Tip Number 3
Network with professionals in the Lloyd’s syndicate and London Market. Engaging with industry peers can provide insights into the specific challenges they face, which you can address in your conversations during the interview process.
✨Tip Number 4
Prepare to discuss your experience working directly with underwriters. Be ready to share specific examples of how you've contributed to account pricing and portfolio analysis, as this will demonstrate your hands-on experience in the field.
We think you need these skills to ace Property Pricing Actuary FTC – 28429
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights your qualifications as an actuary, particularly any relevant pricing experience with Lloyd’s syndicates or London Market insurers. Emphasise your skills in Python, SQL, and any other programming languages mentioned in the job description.
Craft a Strong Cover Letter: In your cover letter, explain why you are interested in the Property Pricing Actuary position. Discuss your experience working with underwriters and how it relates to the role. Be specific about your achievements in developing pricing models and managing portfolios.
Showcase Relevant Projects: If you have worked on specific projects that involved exposure rating models or account pricing, include these in your application. Detail your role, the tools you used (like Python or SQL), and the outcomes of these projects to demonstrate your hands-on experience.
Proofread Your Application: Before submitting your application, carefully proofread all documents for spelling and grammatical errors. A polished 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 proficiency in Python, SQL, and any other relevant programming languages during the interview. Be prepared to discuss specific projects or experiences where you successfully used these skills to develop pricing models or analyse data.
✨Understand the Pricing Process
Familiarise yourself with the entire pricing process, especially how it relates to underwriting. Be ready to explain how you would approach developing exposure rating models and how you can adapt to changing market conditions.
✨Demonstrate Collaboration with Underwriters
Since the role involves working closely with underwriting teams, be prepared to discuss your previous experiences collaborating with underwriters. Share examples of how you’ve effectively communicated complex pricing concepts and how you’ve contributed to successful account pricing.
✨Prepare for Scenario-Based Questions
Expect scenario-based questions that assess your problem-solving abilities in real-world situations. Think about how you would handle specific challenges related to pricing large and complex accounts, and be ready to articulate your thought process clearly.
