Graduate Pricing Analyst 2024

Type: Graduate
Region: London

We are a leading U.S.-based property and casualty insurance company with more than 2,500 employees and a vast network of independent insurance agents across the United States. We provide personal insurance in 10 states, commercial insurance in 21 states, and surety products in all 50 states. A proven commitment to people is at the heart of all we do.

Westfield was founded in 1848 by a small group of hard-working farmers who wanted a better way to protect their farmland and the livelihood of their community. While a lot has changed since then, our commitment to our founders’ vision and our communities has not.

Key accountabilities

• Support the build, development and review of the rating models for each line of business.
• Assess and determine the pricing adequacy on individual accounts both open market and binders.
• Monitor and report of key pricing metrics – adequacy and rate change – for internal and external use.
• Support portfolio analysis work carried out by the pricing team to achieve any underwriting strategy or portfolio steering targets.
• Support the examination of historic loss information (internal and external data) across the portfolios to enhance the performance of the accounts.
• Gain knowledge of the market, and learn about advanced pricing methods, to support adapting pricing techniques in order to achieve organisational targets.
• Begin to build effective working relationships with the underwriting department and other key stakeholders, providing training and support to underwriting teams where necessary.
• Ad hoc analyses to support management as required.
• Participate in group-wide pricing or actuarial projects.

Role requirements

Skills/competencies

• Ability to work in a team environment
• Desire to focus on both business and technical issues
• Ability to apply independent thought to coming up with solutions to business problems
• Able to communicate technical ideas to non-practitioners in a clear and concise manner

Qualifications

• Expecting to join the Institute of Actuaries and beginning taking the actuarial exams.
• 2:1 or above in a highly numerate degree.
• Grade A at A-Level Mathematics.

Experience

• Basic Excel skills desirable.
• Experience using programming languages such as Python, R or SQL desirable.