Graduate Trainee Pricing Actuary

This graduate role involves joining a multidisciplinary actuarial team to focus on technical portfolio pricing, maintaining underwriting pricing tools, and enhancing management reporting across the firm's syndicate and company divisions.

Job Description

As a part of a multidisciplinary actuarial team working across both company and syndicate, the main role is to assist the team with driving further development of the Actuarial function through business-as-usual activities as well as project work. It is envisaged this role will mainly be focused on actuarial pricing but can also encompass some aspects of portfolio management, business planning, cat modelling and outwards reinsurance analysis.

The jobholder will have strong technical interest and excellent communication skills. This opportunity will provide a successful candidate with an excellent opportunity to gain a wide range of experience and industry knowledge in a dynamic working environment.

Responsibilities

• Work closely with underwriters, underwriting management, exposure management/cat modelling and other members of the actuarial pricing team to develop and maintain appropriate pricing tools for multiple lines of business. 

• Technical pricing of portfolio risks (such as binders or MGAs) and large single risks, providing insightful analysis to underwriters through clear communication, with a focus on improving profitability. 

• Help enhance management information and reporting within the division, to Lloyd’s and SCOR Group to meet regulatory requirements and drive key decisions within the business, monitoring key performance indicators such as risk adjusted rate change.

• Assist in the division having a joined-up view of the actuarial control cycle by contributing to other aspects of the actuarial function including reserving, business planning, capital modelling, cat modelling and outward reinsurance purchase processes.

• Assist in the review of key insurance and economic assumptions for all actuarial tasks.

Qualifications

Required experience & competencies

• Communication : Excellent interpersonal verbal and written skills that enable the candidate to communicate effectively with colleagues (especially underwriters), brokers and clients.

• Integrity : the ability to make a principled stand where required. 

• Independent : a thinker with an analytical mindset.

• Flexibility : the ability to manage workload and prioritise different tasks.

• Personality : a self motivator who is keen to learn and take on increasing responsibility over time.

• Team work : Ability to work collaboratively with others in the Actuarial Team.

Desirable

• Excel, SQL, Tableau, Power BI Python or other programming language skills an advantage. 

Required Education 

• Actuarial Degree or Numerical degree 

• Interested in pursuing a career as an Actuary