At a Glance
- Tasks: Collaborate with underwriters on pricing and portfolio management for complex specialty classes.
- Company: Leading Lloyd's insurer with a strong actuarial function.
- Benefits: Hybrid working, exposure to senior stakeholders, and career development opportunities.
- Other info: Open to diverse backgrounds, including pricing, reserving, and analytics.
- Why this job: Make an impact in pricing decisions and enhance your skills in a dynamic environment.
- Qualifications: Nearly or newly qualified actuary with up to 2 years PQE.
The predicted salary is between 50000 - 70000 £ per year.
Valayo are working with a leading Lloyd's insurer looking to hire a Pricing Actuary focused on a few Specialty classes. This role offers you the opportunity to work directly alongside underwriters on a portfolio of complex specialty classes, supporting both account pricing and wider portfolio management activities.
The role combines case pricing, pricing model development, portfolio analysis and business performance monitoring. Depending on the class and type of business being written, the work can range from individual account pricing on large and bespoke risks through to the development and enhancement of pricing models used by UWs across the portfolio.
You will work closely with underwriters, helping to assess opportunities, monitor portfolio performance, challenge assumptions and support pricing decisions. There is also scope to contribute to wider pricing initiatives, model development projects and cross-class actuarial work across Insurance and Reinsurance.
This role offers strong exposure to senior stakeholders, underwriting strategy and commercial decision making. This is an opportunity to join a well-established actuarial function whilst remaining close to the business and underwriting teams.
The firm is open to considering candidates from a range of backgrounds including:
- Lloyd's and London Market Pricing
- Commercial Lines Pricing
- Reinsurance Pricing
- Broking Analytics/Pricing teams
Exceptional candidates from Reserving or Capital backgrounds may also be considered where there is a clear understanding of pricing principles and a strong desire to move into pricing.
• Newly qualified to 2 years PQE level
• Hybrid working (2 days per week in London)
Specialty Pricing Actuary (Nearly/Newly Qualified) - 2 days in office in London employer: Valayo
Valayo is an exceptional employer that fosters a collaborative and dynamic work environment, particularly for those in the Specialty Pricing Actuary role. With a strong emphasis on employee growth, you will have the opportunity to work closely with senior stakeholders and underwriters, enhancing your skills in pricing model development and portfolio management while enjoying the flexibility of hybrid working in the heart of London.
StudySmarter Expert Advice🤫
We think this is how you could land Specialty Pricing Actuary (Nearly/Newly Qualified) - 2 days in office in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in Lloyd's or specialty pricing. A friendly chat can lead to insider info about job openings that aren't even advertised yet.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of pricing models. We recommend practising common actuarial scenarios and case studies to show off your expertise during the interview.
✨Tip Number 3
Don’t underestimate the power of follow-ups! After an interview, drop a quick thank-you email to express your appreciation and reiterate your interest in the role. It keeps you fresh in their minds!
✨Tip Number 4
Apply through our website! We’ve got a range of roles that might just be perfect for you. Plus, it’s a great way to ensure your application gets seen by the right people in our team.
We think you need these skills to ace Specialty Pricing Actuary (Nearly/Newly Qualified) - 2 days in office in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Specialty Pricing Actuary role. Highlight any relevant experience in pricing, portfolio management, or working with underwriters to show us you’re a great fit!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about this role and how your background in Lloyd's or commercial lines pricing makes you the ideal candidate. We want to see your personality come through!
Showcase Your Analytical Skills:Since this role involves a lot of analysis, be sure to mention any specific tools or methodologies you’ve used in your previous roles. Whether it's pricing models or portfolio analysis, we want to know how you can contribute to our team!
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
How to prepare for a job interview at Valayo
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your understanding of pricing principles. Brush up on key metrics and models relevant to specialty lines. Be ready to discuss how you've applied these in past roles or projects.
✨Engage with Underwriting
Since this role involves working closely with underwriters, show your enthusiasm for collaboration. Prepare examples of how you've successfully partnered with underwriting teams in the past, and be ready to discuss how you can support their decision-making processes.
✨Portfolio Performance Insights
Familiarise yourself with portfolio analysis techniques. During the interview, share insights on how you would monitor and assess portfolio performance. This shows that you’re not just about numbers but also understand the bigger picture.
✨Ask Smart Questions
Prepare thoughtful questions about the company's pricing strategies and initiatives. This not only demonstrates your interest in the role but also gives you a chance to showcase your knowledge of the industry and your eagerness to contribute.
