Senior Actuary, Pricing & Portfolio

Gallagher; Sydney; On-site; AUD 180,000 - 240,000; Full time

Job summary

Gallagher, via Pen Underwriting in Australia, seeks a Senior Actuary, Pricing & Portfolio to lead pricing governance and portfolio oversight across Pen's portfolios, driving profitability and sustainable growth.

You will collaborate with underwriting, data and technology teams to enhance models and tools, deliver forecasting and performance reporting, and provide strategic actuarial guidance to senior leaders.

Qualifications

• Fellow of the Institute of Actuaries (or equivalent) with significant actuarial experience in general insurance.
• Strong pricing, portfolio analytics, and performance management skills.
• Proven ability to present insights to senior executives and external stakeholders.
• Excellent commercial acumen with practical business outcomes.
• Clear communication and stakeholder management in delegated underwriting or capacity-led markets.

Responsibilities

• Lead pricing strategy, governance and actuarial oversight to ensure pricing adequacy, profitability and sustainable portfolio growth.
• Monitor and analyse portfolio performance, providing insights and recommendations to improve underwriting outcomes and loss ratios.
• Deliver portfolio reviews, forecasting and performance reporting, identifying key trends, risks and opportunities for improvement.
• Support binder renewals and capacity relationships through actuarial analysis, pricing assessments and portfolio performance reporting.
• Partner with underwriting, data and technology teams to enhance pricing models, rating tools and digital trading capabilities.
• Provide strategic actuarial advice to senior leaders, supporting product development, business planning and key business decisions.

Skills

Pricing analytics

Portfolio analytics

Stakeholder management

Executive communication

Commercial acumen

Education

Fellow of the Institute of Actuaries

Job description

Introduction

At Pen, we don’t just underwrite risk, we unlock possibility. We’re a dynamic underwriting and distribution business backed by the strength of Gallagher and powered by a belief that every challenge has a solution. With entrepreneurial energy, niche expertise, and a bold growth mindset, we’re transforming what it means to be an MGA in today’s insurance landscape. Whether you’re shaping new products, solving complex problems, or collaborating across teams, your ideas and initiative will help deliver smarter solutions for our clients—and move the industry forward. Here, agility meets stability. Creativity meets execution. And your career meets real opportunity. At Pen, we champion innovation, value accountability, and thrive on building something better together. If you’re looking to join a team that’s rewriting the future of underwriting, we’d love to hear from you.

How you'll make an impact

Pen Underwriting is a leading underwriting agency, partnering with more than 500 broking businesses and thousands of brokers across Australia. We deliver innovative insurance products and risk solutions across a broad range of insurance classes, backed by highly rated domestic and international insurance and reinsurance partners.

What sets us apart is our combination of deep technical expertise and exceptional service. Our close-knit team of commercial insurance professionals brings together more than 1,000 years of collective underwriting experience, enabling us to provide solutions for complex risks while building trusted, long-term broker relationships.

At Pen, we're proud of our collaborative culture and commitment to customer outcomes. We value diversity, inclusion and community engagement, and foster an environment where our people are empowered to grow, contribute and succeed. It's a workplace built on strong relationships, collaboration and shared success.

The Senior Actuary, Pricing & Portfolio plays a pivotal role in driving pricing excellence, portfolio performance and sustainable growth across Pen Underwriting’s portfolios, providing trusted actuarial leadership and strategic insights to support underwriting decisions, capacity partnerships and long‑term business success.

The Role:

• Lead pricing strategy, governance and actuarial oversight to ensure pricing adequacy, profitability and sustainable portfolio growth.
• Monitor and analyse portfolio performance, providing insights and recommendations to improve underwriting outcomes and loss ratios.
• Deliver portfolio reviews, forecasting and performance reporting, identifying key trends, risks and opportunities for improvement.
• Support binder renewals and capacity relationships through actuarial analysis, pricing assessments and portfolio performance reporting.
• Partner with underwriting, data and technology teams to enhance pricing models, rating tools and digital trading capabilities.
• Provide strategic actuarial advice to senior leaders, supporting product development, business planning and key business decisions.

What You’ll bring:

• Fellow of the Institute of Actuaries (or equivalent) with significant actuarial experience in general insurance.
• Strong expertise in pricing, portfolio analytics, performance management and advanced actuarial modelling.
• Proven ability to deliver actuarial insights and present recommendations to senior executives and external stakeholders.
• Strong commercial acumen, balancing technical excellence with practical business outcomes.
• Excellent communication and stakeholder management skills; experience within delegated underwriting, specialty insurance or capacity‑led markets will be highly regarded.

Employment offers are subject to satisfactory reference & background checks.

Gallagher is an Equal Employment Opportunity (EEO) employer committed to workplace diversity and inclusion. We embrace a working environment that celebrates individuality and fosters collaboration.

This is an exciting chance to join a global leader and make a real impact.

Compensation and benefits

At Gallagher, we believe supporting our colleagues goes far beyond the role itself.For more information, visit our Benefits page.

• Competitive compensation
• Comprehensive benefits programs designed to support your well‑being
• Career development opportunities and ongoing learning
• A collaborative, people‑first culture with accessible leadership
• The opportunity to do meaningful work with global reach and local impact

At Gallagher, we are dedicated to building an inclusive and authentic workplace. If your past experience doesn’t align perfectly, we encourage you to join our Talent Community to stay connected to additional career opportunities. At times, we will consider transferable skills from previous roles.

Gallagher is an affirmative action/equal opportunity employer (Minorities/Females/Veterans/Disabled)