Pricing Analyst Graduate London 2022

The role involves being exposed to the full range of (re)insurance pricing activities at a major Lloyd’s Managing Agent. This will include finding and analysing data, developing pricing models in Excel and Python and determining rates for a diverse range of commercial insurance and reinsurance products. The role involves working closely with underwriters and there is also the opportunity to work across the functions within the Actuarial team as the business requires.

The right candidate will have excellent mathematical and statistical knowledge and be a confident, engaging communicator, who can convey complex ideas in a concise way to non-specialists.

The role is supported by a full study package for the IFoA fellowship qualification.

Main responsibilities

• Carry out data manipulation, reconciliation and analysis.
• Assist in pricing of large and/or complex risks.
• Assist in the research of key pricing assumptions and market rates.
• Assist with the development and maintenance of pricing models for London Market (re)insurance business using Python, Excel, VBA, R and SQL.
• Provide assistance to underwriters in using pricing tools in a personable and professional manner.
• Assist other teams in the Actuarial Function where resource is required and to help gain a breadth of knowledge and skills.  For example, participate in capital analyses, quarterly reserving and the development of ad hoc analyses.
• Perform duties in accordance with the applicable Canopius Policies.

Skills and experience

• High level of numeracy with an excellent examination track record.
• Ability to explain complex technical concepts to non-specialists.
• Basic understanding of general insurance with willingness to learn and develop expertise.
• Experience using statistical modelling techniques.
• Excel and/or programming skills and a strong desire to develop these further.
• Strong problem solving skills. Ability to apply existing knowledge to a new problem in order to suggest solutions.
• Ability to work in a team environment including:
  • Working in an organised manner, producing clear documentation and audit trails.
  • Recognising the need to seek support appropriately from others in the team.
  • ­Prioritising work and assessing feasibility of deadlines.
  • Building relationships within the Actuarial team and with other teams around the business.

Personal qualities

• Excellent communication skills - both verbal and written.
• Highly motivated, enthusiastic and keen to work in a structured working style, both individually and as part of a team.
• Strong attention to detail and focused on the delivery of high quality work within agreed deadlines – including thorough self-review and error checking.
• Proactive and able to use own initiative – adaptable / open minded.

Please include in your cover letter why you want to be a Pricing Analyst.

About Canopius

Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.

At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.

Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.  

We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. Canopius’ market-leading proposition offers financial, physical, social and psychological health and wellbeing benefits to ensure we create a working experience which gives everyone the freedom to do their best work.

We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate.  We encourage and welcome applicants from all diverse backgrounds. 

We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.