Location: London/ Hybrid
Salary: Market Related
Job Summary
This role sits within the Actuarial Pricing Team, responsible for supporting the pricing of treaty reinsurance contracts and large risks, including those with loss-sensitive features. The position is highly visible, involving close collaboration with underwriters, clients, and various internal departments such as Claims, Actuarial Reserving, and Risk teams.
Job Description
- Provide actuarial support for pricing individual accounts
- Conduct portfolio analysis and actuarial investigations to validate assumptions used in pricing
- Contribute to portfolio monitoring and profitability analysis for strategic decision-making
- Maintain existing pricing tools and templates
- Develop new pricing tools in collaboration with underwriters and other actuaries
- Peer review pricing analysis performed by underwriters and other actuaries
- Ensure accurate and timely delivery of company and client documentation (internal and external)
- Support colleagues and contribute to achieving team and business objectives
- Ensure compliance with health and safety standards, GDPR regulations, and all relevant company policies
- Adhere to regulatory and statutory requirements and internal policies
Key Performance Indicators (KPIs)
- Quality, quantity, and timeliness of actuarial output
- Feedback from key stakeholders, including the head of pricing, underwriters, actuaries, and senior management
- Appropriate documentation maintained for pricing models and analyses
- Compliance with regulatory, risk, and conduct policies
- Demonstrated contribution to pricing strategy, profitability monitoring, and underwriting decision-making
Knowledge & Qualifications
- University degree in mathematics or a related field
- Qualified actuary (FIA or equivalent)
- Experience in the London/Lloyd’s market (desirable)
Skills & Experience
- Strong general commercial and financial knowledge
- Experienced user of MS Excel
- Coding skills in R or Python are an advantage
- Expertise in pricing techniques for primary, excess of loss, and catastrophe insurance/reinsurance products
- Ability to analyze claim trends and the impact of legislative or other changes
- Strong verbal and written communication skills
- Proactive, with a positive approach to challenges and process improvements
- Strong time management skills and the ability to prioritize effectively
- Ability to communicate actuarial results to non-technical stakeholders (e.g., underwriters)
- Strong interpersonal skills and ability to work well in a team
- Ensure customers are treated fairly in accordance with conduct risk policy and company guidelines
- Maintain compliance with Lloyd’s minimum standards, regulatory obligations, and internal policies
- Adhere to GDPR regulations, ensuring secure handling of personal and company data