Retrocession Actuarial Pricing Analyst

Retrocession Actuarial Pricing Analyst

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Location: City of London

Sector: General Insurance

Reporting to: Specialty Pricing Actuary

Contract Type: Permanent

Hours: Full Time

Salary: £45,000 - £50,000 basic P/A

Further Information

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Our Client, a leading multinational Broker, is searching for a bright, personable and self-assured actuarial analyst to join their Retrocession pricing team.

The structure of the team: 15-20 brokers with an embedded actuarial function.

Lead Retro Pricing Actuary

Senior Retro Pricing Actuary

This role (Retro Pricing Analyst)

Benefits of working in Retro:

- Being reinsurance of reinsurers, you would work and be exposed to hundreds of clients around the globe: All multinational reinsurers, Lloyd's syndicates and London Market reinsurers.
- Retro covers every line of business therefore offers exposure all around the business.
- Value add factor: In Retro, unlike other areas, the Brokers won`t do/change/approve anything so won`t go to market without actuarial input due to it all being account of catastrophe risk - your input makes a clear-cut difference to the business of the team.
- Specialty lines reinsurance, particularly Retro, at a Global broker is an excellent stamp to have on your CV and enables unmatched career progression. 

Key Responsibilities:

- Reinsurance pricing and analysis, through data collection and analysis, model build and testing, report writing, documentation and delivery.
- Presenting analysis and reinsurance advice to clients.
- Working collaboratively in a team environment with colleagues and client stakeholders.
- Communicating in a collaborative and client-focused manner.

Key Traits of candidates:

- This is a client-facing role so the successful candidate will be confident, act with integrity and self-assurance.
- Speak with conviction to clients and brokers.

Skills & Experience:

- 2-3 years Actuarial experience (GI pricing preferred but not essential if strong communicator)
- 2:1 or above in a numerate subject
- Strong A-level results
- Knowledge of Excel & VBA
- Knowledge of Catastrophe Modelling a plus but not essential
- Excellent communication/interpersonal skills

Also Offers:

- Study package is 40 days leave, cover for exams, tutorials and material - must meet requirements of scheme though which is passing so many each year, etc.
- Above market bonuses.