We are seeking a nearly or newly qualified Pricing Actuary to join a dynamic actuarial team based in the City of London. This position sits within the underwriting support function and is critical in expanding and enhancing pricing capabilities across multiple lines of insurance and reinsurance business.
The role involves the development, maintenance, and validation of pricing models that are used throughout the underwriting process. You will conduct individual case pricing, support underwriting teams with technical pricing input, and contribute valuable insights to business planning and reserving. Strong working relationships with cross-functional teams including underwriting, claims, exposure management, and finance are essential.
Key responsibilities include:
- Developing and maintaining robust, accurate pricing models for all classes of business
- Ensuring continued documentation, testing, and validation of models and tools
- Performing case pricing and regular rate monitoring on individual risks
- Collaborating with underwriters to support and implement technical pricing initiatives
- Feeding pricing intelligence into broader business processes
- Contributing to cross-business projects, including system transformations and process improvements
- Functioning as an effective team member and performing peer reviews for quality assurance
To be successful in this role, you should possess the following skills and qualifications:
- Nearly or newly qualified actuary with London market experience
- Strong understanding of actuarial pricing techniques and model validation processes
- Experience with a variety of insurance and reinsurance product lines
- Understanding of catastrophe modelling, inwards and outwards reinsurance principles
- Advanced Microsoft Excel skills; proficiency in VBA, Python, Access or R is desirable
- Excellent analytical and problem-solving skills, with strong attention to detail
- Strong communication skills, capable of translating technical information clearly to stakeholders
- Self-motivated, proactive, and able to work well both independently and collaboratively
The successful candidate will be motivated by continuous improvement and able to influence positive change across actuarial and underwriting functions. A professional and inclusive approach, combined with a strong team ethic, is essential.
Salary: £90,000 to £120,000 per year + Bonus + Benefits
Location: City of London, Greater London, United Kingdom
Hybrid working
