At a Glance
- 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 a fixed-term contract with opportunities for professional growth and skill development.
- Why this job: Gain hands-on experience in pricing and portfolio management in a dynamic environment.
- Qualifications: Must be a qualified actuary with pricing experience in the Lloyd’s syndicate or London Market.
- Other info: Proficiency in Python, SQL, or R is a plus; work closely with industry experts.
The predicted salary is between 60000 - 84000 £ per year.
The pricing actuary will work closely with the head of pricing to develop pricing models and processes, gaining first-hand insight into all stages of the pricing process.
- Location: London
- Type: Fixed Term
Key Duties (Including but not limited to):
- 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.
- Proficiency in R, Python, or C#. A database language such as SQL or SAS is also beneficial.
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Property Pricing Actuary FTC – 28429 employer: The Emerald Group
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
Make sure to familiarize yourself with the specific pricing models used in the Lloyd’s syndicate and London Market. Understanding these models will not only help you during interviews but also demonstrate your commitment to the role.
✨Tip Number 2
Network with professionals in the industry, especially those who work as underwriters or actuaries. Engaging with them can provide valuable insights into the pricing process and may even lead to referrals.
✨Tip Number 3
Brush up on your programming skills, particularly in Python and SQL. Being able to showcase your proficiency in these languages during discussions can set you apart from other candidates.
✨Tip Number 4
Stay updated on market trends and changes in underwriting practices. This knowledge will not only help you in interviews but also show that you are proactive and well-informed about the industry.
We think you need these skills to ace Property Pricing Actuary FTC – 28429
Some tips for your application 🫡
Understand the Role: Make sure you fully understand the responsibilities of a Property Pricing Actuary. Familiarize yourself with pricing models, underwriting processes, and the specific requirements mentioned in the job description.
Highlight Relevant Experience: In your CV and cover letter, emphasize your experience as a qualified actuary, particularly any work you've done with Lloyd’s syndicates or London Market insurers. Mention specific projects where you developed pricing models or worked closely with underwriters.
Showcase Technical Skills: Since the company uses Python and SQL extensively, make sure to highlight your proficiency in these languages. If you have experience with R or C#, mention that too. Provide examples of how you've used these skills in previous roles.
Tailor Your Application: Customize your application materials to reflect the specific needs of the company. Use keywords from the job description and demonstrate how your background aligns with their requirements, especially in terms of pricing experience and portfolio management.
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 where you've utilized these skills, especially in relation to pricing models.
✨Understand the Pricing Process
Familiarize yourself with the entire pricing process, from exposure rating models to portfolio management. Be ready to explain how you have contributed to or improved these processes in your previous roles.
✨Engage with Underwriting Teams
Since the role involves working closely with underwriting teams, demonstrate your experience in collaborating with them. Share examples of how you've successfully communicated complex pricing concepts to non-technical stakeholders.
✨Stay Updated on Market Trends
Research current trends in the London Market and Lloyd’s syndicate. Being knowledgeable about market conditions will show your commitment to adapting pricing models to meet evolving needs.