At a Glance
- Tasks: Collaborate with underwriters on complex specialty pricing and portfolio management.
- 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 and analytics.
- Why this job: Make an impact in pricing decisions and enhance your actuarial skills.
- Qualifications: Nearly or newly qualified actuary with up to 2 years PQE.
The predicted salary is between 50000 - 60000 £ 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 Slough 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 Slough
✨Tip Number 1
Network like a pro! Reach out to your connections in the industry, especially those who work in Lloyd's or have experience in specialty pricing. A friendly chat can lead to insider info about job openings and even referrals.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of pricing models. Be ready to discuss how you can contribute to portfolio management and support underwriters with real examples from your past experiences.
✨Tip Number 3
Don’t just apply anywhere; focus on companies that align with your career goals. Use our website to find roles that excite you and match your skills. Tailor your approach to each company’s culture and values.
✨Tip Number 4
Follow up after interviews! A quick thank-you email can keep you top of mind and show your enthusiasm for the role. It’s a small gesture that can make a big difference in the hiring process.
We think you need these skills to ace Specialty Pricing Actuary (Nearly/Newly Qualified) - 2 days in office in Slough
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. Keep it engaging and personal!
Showcase Your Analytical Skills:Since this role involves a lot of analysis, make sure to highlight any analytical projects or tools you've used in your previous roles. We want to see how you can contribute to pricing model development and portfolio analysis!
Apply Through Our Website:We encourage you to apply directly through our website for a smoother application process. It’s the best way for us to receive your application and get you on the path to joining our team!
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 Analysis Skills
Highlight your experience in portfolio management and analysis. Be prepared to talk about specific cases where your insights led to improved performance or strategic decisions. This will showcase your analytical skills and business acumen.
✨Ask Insightful Questions
Interviews are a two-way street! Prepare thoughtful questions about the company's pricing strategies, challenges they face in the market, and how the actuarial team collaborates with other departments. This shows your genuine interest and helps you assess if it's the right fit for you.
