Pricing Analyst

Chaucer Syndicates Ltd; London; On-site; GBP 35,000 - 60,000; Full time

Job summary

A leading insurance group is seeking a Pricing Analyst for its actuarial team in London. The role involves supporting pricing strategies, building models, and collaborating with underwriters to ensure competitive case pricing. Candidates should have a numerate degree and strong analytical skills, with support for actuarial qualifications provided.

Benefits

Flexible hybrid work model

Non-contributory medical and life benefits

Pension cover

Wellbeing support

Qualifications

• Graduate with a numerate degree.
• Prior experience in actuarial teams and/or (re)insurance preferred.
• Desire to sit the IFoA exams and become a qualified actuary.

Responsibilities

• Support pricing and underwriter negotiations.
• Build and enhance Excel-based pricing models.
• Collaborate with underwriters and the pricing team.

Skills

Analytical skills

Interpersonal skills

Problem solving

Numerical data interpretation

Technical skills (VBA, Python)

Education

2.1 or 1st degree in Mathematics or numeric subject

3 or more 'A' levels, including Mathematics

Tools

Excel

VBA

Python

Job description

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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 Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com

THE ROLE

This is a role within the Actuarial pricing team of a leading Lloyd's insurance company and will suit a graduate with a numerate degree. Prior experience working within actuarial teams and/or (re)insurance and experience of programming languages such as VBA and python would be advantageous.

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 individual case pricing and the development of pricing models and pricing analytics to support sustainable profitable growth and to support strategic initiatives. This role will involve supporting and developing knowledge across Chaucer's Reinsurance (including Property, Specialty and Casualty Treaty) and insurance (including Casualty, Property, Energy, Marine and Credit Lines) portfolios.

Actuarial study support towards Institute and Faculty of Actuaries qualification will be provided for this role.

Job Description

• Support account pricing and underwriter support for broker and reinsurer negotiations
• Provide support to design, build and enhance Excel-based pricing models and pricing analytics that meet underwriter requirements and incorporate improved insights (in line with Actuarial pricing frameworks and technological solutions platform requirements)
• Work collaboratively with underwriters, the pricing team and management across the planning and development process.
• Research and develop techniques and approaches to deliver improvements in modelling capabilities, data quality and operational efficiency through model design and use of technology.
• Develop strong relationships with underwriting and catastrophe modelling teams to coordinate sharing of best practices
• Document new models and providing training
• Communicate and present models to business stakeholders
• Collaborate, present and share knowledge with the wider Actuarial team
• Assistance for other pricing team activities as required
• Desire to sit the IFoA exams and become a qualified actuary

Skills and Competencies

• Strong interpersonal, verbal and written skills
• Strong analytical skills - logical, methodical and rational approach to problem solving
• Comfortable with interpreting and producing numerical data
• Able to present findings to key stakeholders
• Self-motivated, hard-working and takes initiative
• 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
• Working knowledge of VBA and/or python would be advantageous
• Comprehensive knowledge of excel

Education

• 2.1 or 1st degree in Mathematics or numeric subject (e.g. Physics, Engineering, Statistics)
• 3 or more 'A' levels, including Mathematics

We offer:

• A flexible 2 days in the office hybrid work model that supports individual and team needs.
• A diverse, inclusive culture that values people for who they are.
• Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.

Seniority level

• Seniority level

  Entry level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Analyst and Finance

• Industries

  Insurance Agencies and Brokerages, Insurance Carriers, and Insurance

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