At a Glance
- Tasks: Develop and maintain pricing algorithms while collaborating with underwriters and analysing data.
- Company: Join Travelers, a leading property casualty insurer with a culture of innovation.
- Benefits: Enjoy private medical insurance, generous holiday entitlement, and a wellness programme.
- Other info: Flexible hybrid work arrangements and excellent career growth opportunities.
- Why this job: Make an impact in a dynamic team while advancing your actuarial career.
- Qualifications: Bachelor's degree in STEM and experience in quantitative analysis required.
The predicted salary is between 50000 - 60000 £ per year.
Taking care of our customers, our communities and each other. That’s the Travelers Promise. By honoring this commitment, we have maintained our reputation as one of the best property casualty insurers in the industry for over 170 years. Join us to discover a culture that is rooted in innovation and thrives on collaboration. Imagine loving what you do and where you do it.
We are seeking a Senior Assistant Pricing Actuary to be based in London, Redhill, or Dublin office. The ideal candidate will have prior working experience within a pricing actuarial role and be either part‑qualified, nearly qualified or newly qualified. This is an analytic role with responsibility for exposure‑based pricing models in Travelers Europe.
The individual in this role is expected to be an influential member of a team that supports pricing models, pricing data and pricing analysis in the actuarial department.
Hybrid Work Arrangements
Travelers Europe offers flexibility to employees who wish to work on a hybrid basis. Full‑time employees work three days a week in the office and two days at home. This policy may be changed at the Company’s discretion.
What Will You Do?
- Maintain and develop pricing algorithms for Travelers Europe
- Implement those algorithms in the Hyperexponential (HX production system)
- Liaise with underwriters to support use of pricing models
- Run processes for batch rating portfolios of business in Python
- Expand batch rater and associated standard pricing dataset to work for more products across Travelers Europe
- Run processes for calibrating base rates
- Prepare data and analysis for actuarial rating validation exercises for specific products
- Contribute to analysis of pricing model data
- Assist with other roles (case pricing, business planning, reinsurance purchase) carried out by the Travelers Europe pricing team
Communication
- Communicates analysis, project results, and other business initiatives to peers and business partners
- Communicates technical topics to non‑technical audience within the primary working group with guidance from manager
- Actively participates and may lead group discussions at the unit level
- Creates formal written communication such as memos or presentations with guidance and peer review
- Networks and collaborates on ideas and challenges
- Perform other duties as assigned
Ideal Candidate
- Associate Actuarial Credential
- University degree in STEM related field
- Strong PC skills (MS Office) and programming skills (SQL, SAS)
- Strong understanding of insurance products and industry
- Demonstrable ability in actuarial, quantitative analysis and statistical concepts
Must Have
- Bachelor's Degree or equivalent experience
- Demonstrable experience in quantitative analysis
Benefits
- Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction
- Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution
- Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year
- Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. Our mental health programme provides access to free professional counseling services and other resources that support your daily life needs
- Volunteer Encouragement: Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice
Employment Practices
Travelers is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
If you are a candidate and have specific questions regarding the physical requirements of this role, please send us an email so we may assist you. Travelers reserves the right to fill this position at a level above or below the level included in this posting.
