Senior Pricing Actuary

• Conduct pricing calibrations and oversee pricing models, model governance, pricing strategy, processes, and compliance
• Evaluate the need for external pricing software support, collaborating closely with IT to enhance the existing system and integrate pricing changes
• Serve as the company’s pricing and data expert, providing a reference point for related matters
• Mentor and develop a near-qualified actuary within the Underwriting Management team as part of the Finance team, contributing to pricing work
• Expand the current infrastructure to implement cutting-edge pricing and analytics practices throughout the commercial business in alignment with the company’s pricing framework
• Analyse the performance of different customer segments to review pricing structures and recommend changes
• Assess external and internal data sources for their relevance to insurance pricing, offering recommendations
• Design and execute pricing tests to gain insights into customer behaviour, such as elasticity
• Create and manage regular reports/dashboards highlighting performance by different segments, providing actionable insights for continuous improvement of the pricing structure
• Support the Chief Underwriting Officer (CUO) in establishing product-level benchmark prices and developing underwriting and reinsurance strategies from a pricing perspective
• Assist in pricing new products and conducting product fair value assessment reviews
• Translate complex analyses into easily understandable information for non-technical audiences, focusing on the material financial impacts of key modelling
• Take ownership of pricing risk governance, generating relevant regular reports and ensuring the integration of pricing controls
• Communicate results, prepare pricing regulatory returns, and provide Management Information (MI) across the Underwriting and Product Management Committees

• Achieved a 2.1 or higher in a quantitative degree such as Mathematics, Engineering, or Economics (or equivalent)
• Possesses strong numerical skills with exceptional attention to detail
• Brings over 5 years of experience in commercial insurance pricing, with additional value placed on personal lines pricing knowledge
• Holds qualifications as a fully or partially qualified actuary
• Proficient in coding, specifically in Python or similar languages
• Demonstrates prior experience in any programming language, with a preference for SAS, SQL, Big Query, or a similar language
• Exhibits high motivation and the ability to work independently
• Strong communication and interpersonal skills
• Proficient in Excel with the capability to establish basic business models
• Effectively manages own workload to meet deadlines
• Adaptable to changing conditions and priorities
• Experienced in setting and integrating pricing controls, handling complex data, and navigating ambiguity
• Quick learner with efficient execution skills, adept at identifying crucial aspects, recognizing potential issues, and swiftly implementing solutions
• Possesses a keen commercial sense, coupled with a deep understanding of FCA/PRA pricing requirements

personal lines pricing knowledge