Location: London/ Hybrid
Salary: Market Related
Job Summary
The senior pricing actuary will be a key member of the actuarial pricing team, supporting the pricing of treaty reinsurance contracts and large risks, often involving loss-sensitive features. The role involves close collaboration with underwriters, clients, and various internal teams, including claims, actuarial reserving, and risk. The team provides pricing and analytical support for property and casualty treaty business across multiple classes.
Job Description
- Provide actuarial pricing support to underwriters and their clients
- Contribute to portfolio monitoring and profitability analysis to inform strategic decision-making
- Maintain and enhance existing pricing tools and templates
- Collaborate with underwriters and actuaries to develop new pricing tools based on business needs
- Peer review pricing analysis conducted by actuaries and underwriters
- Ensure accurate and timely issuance of company, market, and client-related documentation
- Operate as an effective team member, supporting colleagues and contributing to overall team and business objectives
- Ensure compliance with regulatory requirements, Lloyd’s minimum standards, and company policies
- Adhere to GDPR obligations, ensuring compliance with data protection requirements
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)
- Strong technical skills and experience in pricing techniques for primary, excess of loss, and catastrophe insurance/reinsurance products
- Ability to analyze claim trends and the impact of legislative or market changes
- Strong commercial and financial knowledge
- Proficiency in MS Excel
- Coding skills in R or Python (advantageous)
- Excellent written and verbal communication skills, with the ability to explain statistical and actuarial outputs to underwriters in clear, practical language
- Ability to work independently and within a team, providing support, coaching, and mentorship as needed
- Proactive and solution-oriented approach, with a willingness to improve processes
- Strong time management and prioritization skills
Compliance & Risk Management
- 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