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Actuarial Pricing Analyst

Allied World

London

On-site

GBP 35,000 - 55,000

Full time

8 days ago

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Job summary

An established industry player is seeking a motivated Actuarial Analyst to join their dynamic team. In this role, you will provide essential actuarial pricing support to underwriting departments, ensuring that various lines of insurance are accurately priced. You'll engage in research and model updates, contributing to annual portfolio reviews and the maintenance of pricing models. This is a fantastic opportunity to grow your career within a collaborative environment that values professional development and unique perspectives. If you are passionate about analytics and eager to make a significant impact, this position is perfect for you.

Qualifications

  • Up to 3 years of experience as a General Insurance actuary, preferably in London Market.
  • Bachelor's degree in Mathematics, Statistics, or a related field.

Responsibilities

  • Provide actuarial pricing support to various underwriting departments.
  • Research and update pricing parameters used in pricing models.

Skills

Analytical Skills
Communication Skills
Excel Proficiency
Ability to Learn Quickly
Ethics and Integrity

Education

Bachelor's degree in Mathematics
Bachelor's degree in Statistics
Bachelor's degree in related field

Tools

Excel
Visual Basic for Applications (VBA)
Rulebook
SAS
R
GLM modeling

Job description

Allied World is an ideal place for talented professionals who are driven by a belief in the value of collaboration and the power of knowledge.

We believe that when our great people work together and support one another, our clients receive the best solutions. We embrace unique perspectives and empower each person to grow through professional development, career training and mentoring programs.

Our people are our most important asset, and we are very proud of the quality of our team members.

Allied World Assurance Company, Ltd. seeks an individual to fill the position of Actuarial Analyst. The successful candidate will be expected to provide actuarial pricing support to various underwriting departments.

Responsibilities Include:

  • Provide actuarial pricing support to various underwriting departments under moderate supervision
  • Support all lines of insurance written from the European offices and through Lloyd’s. Lines of business include property, general casualty, D&O, E&O, medical malpractice, marine and onshore construction
  • Research and update various pricing parameters used within our pricing models such as increased limits factors, loss trend factors, underlying loss costs per unit of exposure, etc.
  • Support annual portfolio reviews across all class of business written through Europe, Asia and the Lloyd’s Syndicate
  • Help build and maintain pricing models in Excel and Rulebook
  • Any other duties as assigned by manager

Education, Skills and Experience:

The successful applicant will preferably have the following:

  • Up to 3 years of experience a General Insurance actuary, preferably London Market Pricing insurance or reinsurance
  • Bachelor’s degree in mathematics, statistics or related field
  • Proficient with Excel
  • Experience using Visual Basic for Applications (VBA), Rulebook, SAS, R and GLM modeling would be beneficial
  • Strong analytical and communication skills
  • Ability to learn quickly
  • Strong ethics and integrity
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