Pricing Actuary

4 weeks ago


London, Greater London, United Kingdom The Travelers Companies, Inc. Full time
Job Summary

The Travelers Companies, Inc. is seeking a skilled Pricing Actuary to join our team in Europe. As a Pricing Actuary, you will be responsible for maintaining and developing pricing algorithms for Travelers Europe, liaising with underwriters to support the use of pricing models, and running processes for batch rating portfolios of business in Python.

Key Responsibilities

Operational:

• Maintain and develop pricing algorithms for Travelers Europe
• Liaise with underwriters to support the use of pricing models
• Run processes for batch rating portfolios of business in Python
• Expand batch rater (and associated standard pricing dataset) to work for more products across Travelers Europe
• Run processes for calibrating base rates
• Prepare data and analysis for actuarial rating validation exercises for specific products
• Contribute to analysis of pricing model data
• Assist with other roles (e.g. case pricing, business planning, reinsurance purchase) carried out by the Travelers Europe pricing team.

Communication:

• Communicate with underwriters on the use of pricing tools
• Communicate with actuaries on the appropriateness of data and analyses

Requirements

• University degree in a STEM-related field
• Programming skills in R/Python or similar
• Strong understanding of insurance products and industry
• Demonstrable ability in actuarial and quantitative analysis and statistical concepts
• Associate Actuarial Credential preferred

What We Offer

• Private Medical Insurance: On commencement of employment, you are eligible for single cover provided by Travelers, with the option to add cover for your dependents, at your expense through payroll deduction.
• Retirement: Travelers will make a core contribution of a percentage of salary to your Pension Plan. Additionally, if you decide to contribute to the plan, you will receive an increased company contribution.
• Holiday Entitlement: Start your career at Travelers with a minimum of 25 days holiday entitlement annually, plus the opportunity to purchase additional days to allow for up to a total of 35 holidays per year.
• Wellness Programme: The Travelers wellness programme is comprised of tools, discounts and resources that empower you to achieve your wellness goals and caregiving needs. In addition, our mental health programme provides access to free professional counseling services and other resources that support your daily life needs.
• Volunteer Encouragement: We have a deep commitment to the communities we serve and encourage our employees to get involved. Travelers has a Matching Gift and Volunteer Rewards programme that enables you to give back to the charity of your choice.

Equal Opportunities Employer

The Travelers Companies, Inc. is an equal opportunity employer. We value the unique abilities and talents each individual brings to our organization and recognize that we benefit in numerous ways from our differences.
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