Actuarial Pricing Professional

Berkshire Hathaway Specialty Insurance; London; On-site; GBP 50,000 - 90,000; Full time

Job summary

An established industry player is seeking an experienced actuarial candidate to join their European Actuarial Team in London. This innovative role focuses on developing and enhancing pricing models for a diverse portfolio, including General Property and Marine. Ideal candidates will be intellectually curious and self-motivated, thriving in a collaborative environment. With a commitment to excellence and a values-based culture, this position offers exciting growth opportunities and the chance to make a significant impact in the insurance sector. Join a dynamic team dedicated to delivering exceptional service and solutions to clients across Europe.

Benefits

Competitive salary package

Career growth opportunities

Dynamic work environment

Non-bureaucratic organization

Qualifications

• Bachelor's degree in actuarial studies or related field required.
• Actuarial experience in General Insurance, preferably Pricing.

Responsibilities

• Develop pricing models and collaborate with global actuarial teams.
• Provide pricing support across 9 European countries.

Skills

Actuarial experience

Pricing models

MS Excel

SQL

VBA

R

Python

Communication skills

Interpersonal skills

Education

Bachelor’s Degree in actuarial studies

Equivalent in mathematics or statistics

Tools

MS Excel

SQL

VBA

R

Python

Job description

Who are we?

A strategic and trusted insurance partner, Berkshire Hathaway Specialty Insurance (BHSI), provides a broad range of commercial property, casualty and specialty insurance coverages and outstanding service to customers and brokers around the world. Part of Berkshire Hathaway’s insurance operations, we bring our solutions to market with our stellar brand name, top-rated balance sheet, and the expertise of our global team of professionals, who exude excellent capabilities and strong character.

We are a values-based organization where respect, integrity, excellence, collaboration, and passion define who we are and how we do business. We value diversity of backgrounds, experience, and perspectives and strive to foster an inclusive environment that enables all our team members to bring their best selves to work. We are one team committed to building a culture where every teammate has the opportunity to contribute and be recognized. Want to be part of the team building the finest property, casualty, and specialty lines insurance company in the world?

Learn more about our unique culture and history.

Job Opportunity:

Berkshire Hathaway Specialty Insurance (BHSI) has an exciting opportunity for an experienced actuarial candidate to join our European Actuarial Team. We are looking for an individual who has both an ability to excel and an excellence of character. Our culture is innovative and fast-paced, and this position will be the perfect fit for an individual who is intellectually curious, self-motivated, and collaborative.

This position will be based in our London office with a focus on our UK and European Property and Marine portfolio including General Property, Energy & Technical Property, Builders Risk, and Marine. The tasks and responsibilities will grow in line with the maturity of the business and the candidate’s profile.

The role is open for qualified and nearly qualified candidates. Job title and compensation will be commensurate with the experience and exam level of the individual.

Duties & Responsibilities:

• Prioritize and drive the development of pricing models and work closely with the global actuarial function to ensure accurate implementation.
• Carry out and deliver existing projects such as pricing model recalibration and pricing model enhancement.
• Price individual large insurance policies and be the business partner for underwriters in this process.
• Work with the data compilation team to ensure high quality data capture.
• Provide general pricing support to the business across 9 countries in Europe, including technical assistance on pricing models, data quality issues, and so on.
• Measure, track, and monitor product performance by producing product reviews to support portfolio management and underwriting strategies.
• Collaborate across functions and regions on the development and maintenance of actuarial pricing and reporting processes.
• Carry out pricing model training sessions across Europe online and in person.
• Work with Global Underwriting Officers and build close business partnerships with key stakeholders.

Qualifications, Skills and Experience:

• Bachelor’s Degree or equivalent in actuarial studies, mathematics, statistics, or a related field.
• Actuarial experience in a General Insurance role, preferably in Pricing.
• Advanced skills in MS Excel and at least one of the programming languages such as SQL, VBA, R, and/or Python.
• Qualified actuary or nearly qualified making good progress with examinations.
• Excellent oral and written communication skills in English, capable of communicating complex concepts to a non-actuarial audience.
• Strong interpersonal skills and the ability to work in a team environment as well as independently.
• Strong desire to learn from and share knowledge with teammates.

BHSI Offers:

• A competitive package and exciting growth opportunities for career-oriented teammates.
• A dynamic, action-oriented, and thoughtful environment centered on always doing the right thing for our customers, teammates, and our other stakeholders.
• A purposely non-bureaucratic organization that embraces simplicity over complexity and emphasizes individual excellence in a team framework.

To apply, please submit your CV with a cover letter outlining why this would be the perfect role for you to [e-mail].

NOTE: Compensation will be commensurate with experience. This job description is not intended to be all-inclusive. Team members may perform other related duties as negotiated to meet the ongoing needs of the organization.