This is a role within the Actuarial pricing team of a leading Lloyd’s insurance company and will suit a student actuary working in general insurance. Prior experience working in a pricing team would be advantageous but not essential.
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 account pricing, model development and pricing analytics primarily for Chaucer’s Property, Political Violence, Political Risk and Credit portfolios but also including our other classes and broader project work.
Actuarial study support towards Institute and Faculty of Actuaries qualification will be provided for this role.
The Pricing Analyst will be located within the Actuarial pricing team in London and work directly with the Pricing Actuary responsible for the Property, Political Violence, Political Risk and Credit divisions.
Main dutiesDevelop an understanding of the Property, Political Violence, Political Risk and Credit classes, trends and underwriting team strategy
Account pricing and underwriter support for broker negotiations
Ongoing portfolio monitoring for accounts and overall portfolio
Contributing ideas for new MI
Support model recalibration reviews
Support the collection and maintenance of pricing data
Keep abreast of industry initiatives and develop knowledge of new pricing/visualisation techniques and best practice where opportunities arise
Collaborate, present and share knowledge with the wider Actuarial team on pricing approaches
Assistance for other pricing team activities as required
General insurance experience
General insurance pricing experience, particularly Property, Political Violence, Political Risk and Credit classes of business would be desirable
Essential
IT skills, including comprehensive knowledge of Excel
Desirable
VBA
Python or R
SQL
Desire to sit the IFoA exams and become a qualified actuary
2.1 or 1st degree in Maths or a Maths-related subject (e.g. Physics, Engineering, Statistics)
3 or more ‘A’ levels, including Maths
Making progress towards IFoA qualification or equivalent
Excellent interpersonal, verbal and written skills
Advanced 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
Some travel in support of Underwriter/Client meetings may be required.
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.
Skills Required
- Comprehensive knowledge of Excel
- VBA
- Python or R
- SQL
- Desire to sit IFoA exams and become a qualified actuary
- 2:1 or 1st degree in Maths or a Maths-related subject (Physics, Engineering, Statistics)
- Three or more A-levels including Maths
- Making progress towards IFoA qualification or equivalent
- Prior experience working in a pricing team
- General insurance experience
- General insurance pricing experience, particularly Property, Political Violence, Political Risk and Credit
- Excellent interpersonal, verbal and written skills
- Advanced analytical skills; logical, methodical problem solving
- Comfortable 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 meet targets and deadlines
- Able to collaborate and communicate with staff at all levels
What We Do
Chaucer are a leading specialty (re)insurance group working with brokers, coverholders and clients to protect and support business activities around the world. Our services are accessed both through Lloyd’s of London and the company markets. We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience and imagination of our expert teams. Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating.
