At a Glance
- Tasks: Engage in pricing across direct insurance and reinsurance, influencing underwriting decisions.
- Company: Join a dynamic international insurer with a growing London Market team.
- Benefits: Enjoy competitive bonuses, flexible hybrid working, and excellent career progression.
- Other info: Collaborative environment with opportunities to contribute ideas and improve processes.
- Why this job: Gain unique exposure to diverse portfolios and shape the future of pricing.
- Qualifications: 3+ years of pricing experience; London Market experience preferred.
The predicted salary is between 63000 - 77000 £ per year.
Reinsurance & Direct Pricing Actuary / Senior Actuarial Analyst
Valayo is working with an international insurer on two newly created Pricing opportunities within a growing London Market team.
One of the biggest attractions of these roles is the breadth of exposure.
Rather than specialising in either direct insurance or reinsurance, you'll work across both throughout the year, gaining experience that's difficult to find elsewhere in the London Market.
Alongside this, you'll gain exposure to a broad range of Specialty classes London Market business, making it an excellent opportunity for someone looking to broaden their pricing experience and become a genuinely well-rounded pricing actuary.
The work itself combines case pricing, pricing model development, portfolio analytics and business planning, with regular interaction with experienced underwriters.
They're looking for someone who enjoys understanding the commercial side of pricing and helping to influence underwriting decisions, rather than simply producing models behind the scenes.
You'll also join the business at an exciting time.
The team is growing, with multiple hires planned as the portfolio continues to expand.
At the same time, they're investing heavily in their pricing capability, with projects spanning pricing technology, new modelling approaches, data improvements and the development of new pricing tools.
This is a role where you'll have the opportunity to contribute ideas, help shape how the team works and play an active part in building the next generation of pricing capability.
One of the biggest advantages is the level of ownership and exposure.
As part of a relatively small, collaborative pricing team, you'll be involved throughout the pricing lifecycle, work closely with a wide range of underwriters and gain exposure across multiple portfolios rather than being confined to a single area of the business.
They're particularly interested in candidates who are...
- Senior Actuarial Analyst or Nearly/Newly Qualified Actuary
- Around 3+ years' pricing experience
- London Market pricing experience preferred (large commercial lines also considered)
- Experience in case pricing, pricing model development, or ideally a combination of both
- Comfortable working closely with underwriters and wider business stakeholders
- Curious, commercially minded and interested in improving pricing processes rather than simply maintaining existing models
- Experience within Aviation, Marine, Energy, Casualty, Political Violence & Terror or other Specialty classes would be advantageous, although not essential
The business offers a strong overall package including competitive bonus, flexible hybrid working and excellent long-term career progression within a growing pricing function.
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Reinsurance & Direct Pricing Actuary / Senior Actuarial Analyst employer: Valayo
Valayo is an exceptional employer that champions a flexible remote-working environment, allowing you to balance your professional and personal life while making a significant impact in the field of capital modelling. With a strong focus on employee growth, we offer opportunities for continuous learning and collaboration with senior leaders, ensuring that your contributions directly influence strategic decision-making and business success. Join us to be part of a dynamic team that values innovation and empowers you to drive meaningful change in the insurance landscape.
StudySmarter Expert Advice🤫
We think this is how you could land Reinsurance & Direct Pricing Actuary / Senior Actuarial Analyst
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Valayo). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Valayo. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Reinsurance & Direct Pricing Actuary / Senior Actuarial Analyst
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Valayo.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Valayo. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Valayo
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Valayo to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Valayo, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Valayo's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
