Location: City of London (Hybrid)
Salary: Up to £40k
The Role
This is an opportunity to join a market-leading actuarial pricing team at a major global specialty (re)insurer, giving exposure to a wide range of products and pricing techniques.
From day one you will be contributing to the development of sophisticated pricing models in a diverse range of classes, working alongside specialist pricing actuaries and underwriters to assess multimillion-dollar deals.
A full training package is provided, including a generous study allowance for the IFoA fellowship qualification.
The role will also provide a clear development path, with opportunities to specialise in and manage specific classes in due course.
You must have excellent numerical / statistical skills and be a confident communicator, who can convey complex ideas in a concise way to non-specialists.
A full training package is provided, including a generous study allowance for the IFoA fellowship qualification.
Key Responsibilities
Responsibilities:
- Assist in pricing of large and/or complex risks
- Assist with the development and maintenance of pricing models for London Market (re)insurance business
- Assist in the research of key pricing assumptions and market rates
- Carry out data manipulation, reconciliation and analysis
- Help underwriters to use pricing tools in a personable and professional manner
- Assist other teams in the Actuarial Function where required and to help gain a breadth of knowledge and skills. For example, participate in capital analyses, quarterly reserving and the development of ad hoc analyses
Qualifications
Skills and Experience
- High level of numeracy with an excellent record of academic achievement
- Ability to explain complex technical concepts to non-specialists
- Willingness to learn and develop expertise within the insurance market
- Experience using statistical modelling techniques
- Excel and/or programming skills and a strong desire to develop these further
- Strong problem solving skills. Ability to apply existing knowledge to a new problem in order to suggest solutions
- Work in an organised manner, producing clear documentation and audit trails.
- Ability to prioritise work and assess feasibility of deadlines.