Pricing Actuary: [Property] who will be based in the UK & have right to work in the UK.
WHAT WILL YOU DO?
Our client is seeking a highly analytical and commercially minded actuary to lead the pricing and performance analytics of our [Product] portfolio. This role will sit at the heart of driving profitability within their business, requiring technical expertise, market awareness, and collaborative stakeholder engagement.
WHAT WILL MAKE YOU SUCCESSFUL IN THE ROLE?
Key responsibilities:
Pricing & Modelling:
Develop, maintain, and enhance pricing models for [Product] classes using actuarial best practices.
Apply experience rating, exposure rating, and scenario-based pricing methodologies tailored to emerging risks.
Work closely with underwriters on bespoke account pricing, structuring, and negotiation.
Portfolio Analytics:
Analyse portfolio performance, risk-adjusted profitability, and rate adequacy across regions and products.
Identify loss trends and support the refinement of underwriting strategy.
Contribute to business planning, rate monitoring, outwards reinsurance design and capital allocation exercises.
Innovation & Risk Understanding:
Support integration of broader augmented risk data, intelligence, and litigation trends into actuarial models.
Collaborate with other experts to enrich models and assumptions.
Contribute to the development of new or enhanced products.
Stakeholder Engagement:
Work embedded in the underwriting team.
Engage proactively with the Chief Actuary to ensure commonality of standards and best practice.
Provide actuarial insights to claims, capital, and reinsurance teams.
Present findings to senior leadership and contribute to internal committees and pricing reviews.
Support regulatory, Lloyd's, and internal audit requirements where needed.
QUALIFICATIONS AND EXPERIENCE:
Qualified/near-qualified actuary or equivalent qualification
Bachelor's degree
Strong modelling skills including experience in performing statistical investigations and building pricing / predictive models
5-10 years' experience in a technical role
Excellent report writing and presentation skills
Advanced computer literacy skills, e.g. R, Python, Excel, SQL, etc.
Familiarity with pricing tools such as HyperX Radar / Emblem, or internal pricing platforms.
Leadership skills within own team and cross- functionally
Strong data management skills
Good understanding of insurance industry
Knowledge of litigation trends, regulatory developments, and emerging risks in [Product].
Experience in Lloyd's or international (re)insurance markets.
Familiarity with [Product] risk exposure modelling.
KNOWLEDGE AND SKILLS:
Delivering results and meeting customer expectation
Relating and networking
Analyses
Applying expertise and technology
Achieving personal work goals and objectives
Attention to detail
Planning and organizing skills
Problem Solving
Negotiating
Business Acumen/Knowledge
Business Analysis
PERSONAL ATTRIBUTES:
Drives results
Deciding and initiating action
Leading and supervising
Collaborates
Client focus
Flexibility and adaptability
Cultivates innovation
Strategic decision making
Analytical thinking
Influencing/ gaining commitment
Business acumen
Coaching and development
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