Pricing Actuary

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