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- Tasks: Review client processes, create pricing models, and improve efficiency in insurance.
- Company: Join a vibrant insurtech scale-up with Series A funding, focused on innovation in insurance.
- Benefits: Enjoy opportunities for advanced qualifications and a dynamic work environment.
- Why this job: Be part of a growing team, make an impact in the insurance market, and develop valuable skills.
- Qualifications: BSc/MSc in analytical subjects; insurance experience required; Excel proficiency essential.
- Other info: Gain exposure to the London market and reinsurance while working with cutting-edge technology.
The predicted salary is between 36000 - 60000 £ per year.
My client is a vibrant scale-up who have secured Series A funding and are looking to expand greatly over the coming years. They specialise in the insurance sector and are in need of an additional Senior Technical Analyst/Actuarial Analyst with plenty of experience in the insurance space to help them develop their two key products.
Summary of role:
The Senior Analyst is responsible for reviewing assigned client business processes from end-to-end to identify and address operational, financial and technological risks. Identify opportunities to improve efficiency. Liaise with software team to provide most efficient solution. Creating pricing models in Excel, Python and R that can be used as templates for clients who do not have this capacity.
This role will work in the General Insurance space, specifically helping them to develop their product for the insurance markets of Reinsurance and the London market.
Experience of:
- BSc or MSc in analytical subject e.g. Mathematics, Sciences, Engineering is required
- Insurance - either in an underwriting, actuarial or systems capacity a must
- Prefer London Market or large Reinsurance experience either directly within Lloyd’s or one of the Managing Agents or Delegated Authorities
- Advanced knowledge of MS Excel including VBA and User Defined Functions is essential
- Insurance/actuarial pricing model techniques preferred
- R or Python experience beneficial but not required.
Tasks involved:
- Requirements gathering using appropriate technique(s) including:
- Facilitating requirements workshops with business stakeholders
- Provide diagrams and other visual aids to clearly communicate concepts
- Ask clarifying questions to ensure understanding and tease out implicit requirements
- Document and communicate the outcomes of the workshop in specifications and BDD documentation
- 1:1 Interviews
- Converting existing, complex pricing models clients have created in Excel (VBA), Python and R into our proprietary solutions
- Creating models that can be used as templates in similar that can be used by less sophisticated clients that do not have them ready to go.
- Creating custom models/raters in similar from underwriter guidelines and rules.
- Orchestrating pricing workflows between a combination of the above.
Additional skills and qualifications you will develop as a Business Analyst and into future roles:
- Continue to develop your understanding of the dependencies between elements of a project through running daily meetings with developers, business analysts and clients.
- Be able to understand client priorities and how these relate to software deliverables through running meaningful and structured meetings
- Client/project management skills required to keep clients happy and projects on track
- Advanced BA qualifications provided and funded depending on your specialisation (industry specific, project management, product development etc.)
Actuarial Analyst - Insurtech - Reinsurance / London market (pricing) employer: The Workplace Consultancy
Contact Detail:
The Workplace Consultancy Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Actuarial Analyst - Insurtech - Reinsurance / London market (pricing)
✨Tip Number 1
Familiarise yourself with the London market and reinsurance sector. Understanding the specific challenges and opportunities in this area will help you stand out during interviews, as you'll be able to speak knowledgeably about industry trends and how they relate to the role.
✨Tip Number 2
Brush up on your Excel skills, especially VBA and User Defined Functions. Since advanced Excel knowledge is essential for this role, being able to demonstrate your proficiency through practical examples or even a mini-project can give you an edge over other candidates.
✨Tip Number 3
Network with professionals in the insurance and actuarial fields. Attend industry events or webinars to connect with potential colleagues or mentors who can provide insights into the company culture and expectations, which can be invaluable during your application process.
✨Tip Number 4
Prepare to discuss your experience with pricing models in detail. Be ready to explain your approach to creating and converting complex pricing models, as well as any specific tools or methodologies you've used, as this will be a key focus of the role.
We think you need these skills to ace Actuarial Analyst - Insurtech - Reinsurance / London market (pricing)
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in the insurance sector, particularly in underwriting or actuarial roles. Emphasise your proficiency in Excel, Python, and R, as well as any experience with pricing models.
Craft a Compelling Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific projects or experiences that align with the responsibilities outlined in the job description, such as creating pricing models or stakeholder management.
Showcase Technical Skills: Clearly outline your technical skills, especially your advanced knowledge of MS Excel, including VBA and User Defined Functions. If you have experience with Python or R, be sure to mention it, even if it's not required.
Highlight Problem-Solving Abilities: Demonstrate your ability to identify operational, financial, and technological risks in your application. Provide examples of how you've improved efficiency in past roles, as this is a key aspect of the position.
How to prepare for a job interview at The Workplace Consultancy
✨Showcase Your Analytical Skills
As an Actuarial Analyst, your analytical skills are crucial. Be prepared to discuss specific examples of how you've used data analysis in previous roles, particularly in the insurance sector. Highlight any experience with pricing models and how you approached problem-solving.
✨Demonstrate Technical Proficiency
Make sure to emphasise your advanced knowledge of MS Excel, including VBA and User Defined Functions. If you have experience with Python or R, mention it too, even if it's not required. Be ready to discuss how you've applied these tools in real-world scenarios.
✨Understand the Insurance Landscape
Familiarise yourself with the London market and reinsurance processes. Be prepared to discuss current trends and challenges in the industry. This will show your potential employer that you're not just technically skilled but also knowledgeable about the field.
✨Prepare for Stakeholder Engagement Questions
Since the role involves liaising with various stakeholders, think about your past experiences in managing expectations and communication. Prepare examples of how you've successfully engaged with different teams and ensured project alignment.
