This is a role within the Actuarial pricing team of a leading Lloyd’s insurance company and will suit a graduate with a numerate degree. Prior experience working within actuarial teams and/or (re)insurance and experience of programming languages such as VBA and python would be advantageous.
The Pricing team works closely with underwriting teams to provide case pricing support and build pricing models that allow underwriters to price, compare and monitor accounts. This involves incorporating within pricing models the modelling of key drivers of claims activity for different classes to enable assessment of the expected profitability of different accounts.
The Pricing Analyst will support the pricing team in individual case pricing and the development of pricing models and pricing analytics to support sustainable profitable growth and to support strategic initiatives. This role will involve supporting and developing knowledge across Chaucer’s Reinsurance (including Property, Specialty and Casualty Treaty) and insurance (including Casualty, Property, Energy, Marine and Credit Lines) portfolios.
Actuarial study support towards Institute and Faculty of Actuaries qualification will be provided for this role.
Job Description
* Support account pricing and underwriter support for broker and reinsurer negotiations
* Provide support to design, build and enhance Excel-based pricing models and pricing analytics that meet underwriter requirements and incorporate improved insights (in line with Actuarial pricing frameworks and technological solutions platform requirements)
* Work collaboratively with underwriters, the pricing team and management across the planning and development process.
* Research and develop techniques and approaches to deliver improvements in modelling capabilities, data quality and operational efficiency through model design and use of technology.
* Develop strong relationships with underwriting and catastrophe modelling teams to coordinate sharing of best practices
* Document new models and providing training
* Communicate and present models to business stakeholders
* Collaborate, present and share knowledge with the wider Actuarial team
* Assistance for other pricing team activities as required
* Desire to sit the IFoA exams and become a qualified actuary
Skills and Competencies
* Strong interpersonal, verbal and written skills
* Strong analytical skills – logical, methodical and rational approach to problem solving
* Comfortable with interpreting and producing numerical data
* Able to present findings to key stakeholders
* Attention to detail
* Self-motivated, hard-working and takes initiative
* Organised and clear thinking
* Ability to plan and organise work to meet targets and deadlines
* Able to collaborate, work as a team and communicate with staff at all levels
* Working knowledge of VBA and/or python would be advantageous
* Comprehensive knowledge of excel
Education
* 2.1 or 1st degree in Mathematics or numeric subject (e.g. Physics, Engineering, Statistics)
* 3 or more ‘A’ levels, including Mathematics
ABOUT US
Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.
Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation).
A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment and selection process is fair, free from bias and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.
We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.
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