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Pricing Actuary

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Social Value Portal Ltd

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Location:
United Kingdom , London

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Category:
Finance

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Contract Type:
Not provided

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Salary:

Not provided
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Job Description:

Actuarial pricing for the Property Risks Division at Beazley. It is important that within all your interactions both internally and externally you adhere to Beazley’s core values - Being Bold, Striving for Better, and Doing the Right Thing.

Job Responsibility:

  • Provide pricing support to the Property Risks underwriting teams
  • Developing pricing tools that support the estimation of price adequacy and rate change
  • Performing portfolio and transactional pricing analyses
  • Performing segmental and trend analyses
  • Performance monitoring
  • Develop, maintain and review pricing models to the required standards
  • Contribute effectively to the production of the relevant reports required for any key committees
  • Provide training to underwriters in pricing
  • Understand and support the underwriting controls related to pricing and relevant regulatory principles
  • Understand and apply the pricing quality assurance process
  • Assist in other projects undertaken by the actuarial team
  • Operate as an effective team member by supporting colleagues
  • Build your technical pricing skills and experience
  • Provide support and mentoring to the junior members of the team
  • Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
  • Build and maintain constructive working arrangements with key groups
  • Work with the underwriters, exposure management, claims managers, Data Management and Ceded Reinsurance to ensure the quality and appropriateness of the data used for pricing
  • Maintain pricing model documentation
  • Identify opportunities and contribute to delivering improvements in the pricing processes and methodologies
  • Undertake professional, technical and career development training

Requirements:

  • Actuarial qualification
  • Pricing experience
  • Firm grasp of actuarial / statistical techniques used in pricing
  • Understanding of reinsurance and capital with application to pricing
  • University degree in Mathematics or related field
  • General commercial and financial knowledge
  • Competent user of MS Excel
  • Strong analytical skills with attention to detail
  • Able to communicate effectively both verbally and in writing
  • Team worker as well as able to work on own initiative
  • Ability to manage time, meet deadlines and prioritise
  • Outcome focused, self-motivated, flexible and enthusiastic
  • Professional approach to successfully interact with team members, internal and external stakeholders

Nice to have:

  • Specialty (re)-insurance market knowledge
  • VBA, Access, Python, SQL and R skills desirable
What we offer:
  • Discretionary performance related annual bonus
  • Private medical insurance coverage for both you and your dependents
  • Company paid life assurance and long term disability insurance
  • Pension with 10% employer contribution, plus a further matched contribution up to 2.5%
  • 25 days of annual leave, plus public holidays, with the ability to flex the religious bank holidays
  • Additional annual leave purchase available up to a maximum of five additional days per year
  • Up to 2.5 days matched paid leave for volunteering
  • 5 days paid leave to provide or arrange care for a dependent with a long term care need annually
  • Up to £550 reimbursement towards home office setup
  • Free in-office lunch and monthly lifestyle allowance
  • Monthly travel allowance or annual season ticket
  • The opportunity to save for, and purchase, shares of Beazley stock
  • Six months fully paid parental leave
  • Company paid sabbatical up to 12 weeks after 10 years of continued service
  • Support with exam/study leave and fees for relevant qualifications
  • Smart working policy and flexible working culture

Additional Information:

Job Posted:
January 25, 2026

Employment Type:
Fulltime
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