At a Glance
- Tasks: Lead pricing analysis and enhance actuarial models for diverse insurance portfolios.
- Company: Join a high-performing team in a dynamic insurance environment.
- Benefits: Competitive salary, professional development, and opportunities for innovation.
- Other info: Collaborate with international stakeholders and explore AI/ML in analytics.
- Why this job: Make a real impact in the insurance industry with cutting-edge analytics.
- Qualifications: Qualified General Insurance Actuary with strong reinsurance pricing experience.
The predicted salary is between 67500 - 82500 £ per year.
About the Role
We are looking for an experienced Senior Reinsurance Pricing Actuary to join a high-performing actuarial and analytics team supporting a diverse portfolio of specialty and casualty insurance business.
This is an excellent opportunity for a qualified General Insurance Actuary with strong experience across reinsurance pricing, portfolio analytics, loss ratio modelling and actuarial methodology.
Key Responsibilities
- Lead pricing and profitability analysis across complex reinsurance and insurance portfolios.
- Perform experience and exposure rating across casualty, commercial and specialty lines.
- Undertake XOL, aggregate, stop-loss and umbrella layer pricing.
- Analyse loss ratios, claims experience and portfolio performance to support underwriting decisions.
- Review actuarial methodologies, assumptions and market benchmarks.
- Conduct portfolio and profitability analysis, identifying key drivers of performance.
- Develop and enhance actuarial models, dashboards and reporting processes.
- Work closely with underwriting, actuarial and senior stakeholders across UK and international markets.
- Identify opportunities to automate and improve actuarial processes.
- Support innovative analytics initiatives, including AI and machine learning.
About You
- Qualified General Insurance Actuary/FIA with strong post-qualification experience in pricing and/or reserving.
- Experience in reinsurance pricing, casualty and commercial insurance.
- Experience with XOL and layer pricing, loss ratio analysis and business planning.
- Experience in portfolio and profitability analysis.
- Knowledge of Lloyd’s or London Market insurance.
- Strong understanding of actuarial methodologies and assumption review.
- Experience with SQL, Python, R, SAS, VBA, Qlik View, Microsoft Excel or Res Q.
- Experience developing actuarial dashboards or automating actuarial processes.
- An interest in applying AI/ML techniques to insurance analytics.
- #J-18808-Ljbffr
Senior Actuary employer: Weareedenbrook
At Weareedenbrook, we pride ourselves on being an excellent employer, offering a dynamic work culture that fosters collaboration and innovation within our UK-based financial services team. Our London and Bexhill locations provide unique opportunities for professional growth, with access to cutting-edge payment technologies and a commitment to employee development, ensuring you can thrive in your role as a Payments Analyst while making a meaningful impact on customer outcomes.
StudySmarter Expert Advice🤫
We think this is how you could land Senior Actuary
✨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 Weareedenbrook). 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 Weareedenbrook. 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 Senior Actuary
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 Weareedenbrook.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Weareedenbrook. 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 Weareedenbrook
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Weareedenbrook 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 Weareedenbrook, 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 Weareedenbrook'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.
