Pricing Actuary

JR United Kingdom; City of Edinburgh; On-site; GBP 50,000 - 70,000; Full time

Job summary

A leading company in the insurance sector seeks two pricing actuaries for their European Actuarial Team. Candidates will develop pricing models, analyze insurance data, and collaborate across functions in a dynamic environment. This role offers a competitive salary and growth opportunities in a non-bureaucratic organization focused on excellence.

Benefits

Competitive package and career growth opportunities

Dynamic, thoughtful work environment

Non-bureaucratic organization

Qualifications

• Qualified or nearly qualified actuary required.
• Strong technical skills and a desire to learn.
• Ability to communicate complex concepts clearly.

Responsibilities

• Develop and implement new pricing models.
• Analyze claims and exposure data.
• Collaborate on actuarial pricing processes across Europe.

Skills

Actuarial experience in a General Insurance role

Advanced skills in MS Excel

Programming languages (SQL, VBA, R, Python)

Excellent oral and written communication skills in English

Strong interpersonal skills

Education

Bachelor’s Degree in actuarial studies, mathematics, statistics, or related field

Job description

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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.

Berkshire Hathaway Specialty Insurance (BHSI) are looking for two pricing actuaries to join our European Actuarial Team. We are looking for individuals who have both abilities to excel and excellence of character. Our culture is innovative and fast paced and positions will be the perfect fit for individuals who are intellectually curious, self-motivated, and collaborative.

Both positions will be based in our London office and cover our UK and European portfolios with involvement in global projects. One focuses on Property and Marine including General Property, Energy & Technical Property, Builders Risk, and Marine. The other focuses on our Executive & Professional product line, including Financial Lines portfolios such as Commercial Directors & Officers, Professional Indemnity, Financial Institutions, as well as Cyber and Transactional Liability. Both roles may have exposure to other lines of business. The tasks and responsibilities will grow in line with the maturity of the business and the candidate’s profile.

The roles are open for candidates who are qualified or nearly qualified as an actuary and have the right to work in the UK. Compensation will be commensurate with the experience the individuals.

Duties & Responsibilities

• Prioritize and drive the development of new pricing models and work closely with the global actuarial function to ensure accurate implementation.
• Carry out and deliver recalibration and enhancements of existing pricing models.
• Research and implementation of new pricing techniques
• 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.
• Measure, track, and monitor products performance by producing product reviews to support portfolio management and underwriting strategies.
• Analyse claims and exposure data
• Collaborate across functions and regions on the development and maintenance of actuarial pricing and reporting processes.
• Provide general pricing support to the business across 9 countries in Europe, including technical assistance on pricing models, data quality issues and so on.
• Carry out training sessions on pricing models and reporting tools across Europe on-line and in person.
• Work with Global Underwriting Officers and build close business partnership 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
• Fully qualified actuary, or nearly qualified with strong technical skills
• 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 [emailprotected] .

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