Actuarial Analyst (Pricing)

Berkley Re UK Limited (a Berkley Company); Greater London; On-site; GBP 30,000 - 45,000; Full time

Job summary

A leading insurance company is seeking an Entry Level Actuarial Analyst to join their Pricing team. The role involves developing pricing tools, conducting market analysis, and assisting in the pricing of accounts. Ideal candidates will have actuarial experience and strong Excel skills. This is an excellent opportunity for those looking to grow in the actuarial field within a collaborative and diverse environment.

Qualifications

• Insurance industry actuarial experience required.
• Strong interpersonal skills to communicate effectively.

Responsibilities

• Assist underwriters in reviewing and pricing accounts.
• Support development of pricing models and metrics.
• Help produce price monitoring reports.

Skills

Excel

Python

SQL

Communication

Education

Institute of Actuaries qualification

Job description

Join to apply for the Actuarial Analyst (Pricing) role at Berkley Re UK Limited (a Berkley Company)

Responsibilities

The Pricing function is responsible for developing and maintaining pricing tools and metrics across all of Berkley Re UK’s underwriting teams. This includes market and profitability analysis, managing rate, trend, and other pricing assumptions. The pricing function provides actuarial assistance to underwriting, the business planning process, and the corporate actuarial team.

1. Individual Account Pricing: Assist underwriters in reviewing and pricing accounts for Property and Casualty Treaty.
2. Pricing Models: Support the development, periodic review, and update of all pricing models and assumptions in collaboration with underwriters and other actuaries.
3. Pricing Metrics: Assist with the production of pricing metrics, including priced loss ratios and rate changes.
4. Portfolio Tools: Support the Head of Pricing in developing the pricing function, particularly in building out the new pricing platform.
5. Monitoring Reports: Help with regular MI for monitoring underwriting performance against plan and prior periods, and produce price monitoring reports.
6. Reserve Reviews and Business Planning: Assist in reserve reviews and business planning.

Qualifications

• Insurance industry actuarial experience
• Self-starter, proactive, with the ability to develop, recommend, and implement new approaches
• Expertise in Excel (including VBA) and/or Python
• Knowledge of SQL is beneficial
• Progress towards Institute of Actuaries qualification or equivalent
• Strong interpersonal skills with proven ability to communicate effectively with stakeholders at various levels, both verbally and in writing
• Ability to work within and promote a diverse and inclusive culture
• Able to establish credibility and build strong relationships with senior underwriters

Additional Details

• Seniority level: Entry level
• Employment type: Full-time
• Job function: Finance and Sales
• Industries: Insurance