Actuarial Analyst – Pricing & Portfolio Management

The Lancashire Group; London; On-site; GBP 40,000 - 60,000; Full time

Job summary

A leading insurance firm in London seeks an Actuarial Analyst to develop and enhance pricing models. The role requires advanced programming skills, a strong understanding of pricing in the Lloyd's market, and effective communication abilities. You will work collaboratively to support underwriting decisions and maintain high standards in pricing analytics.

Qualifications

• Minimum of a second class degree in a mathematical or science based subject.
• Solid experience within a pricing related role.
• Good understanding of the Lloyd’s market.

Responsibilities

• Develop, maintain and enhance pricing models and reporting.
• Translate models into the hx pricing platform.
• Assist with portfolio management analytics.

Skills

Advanced programming and data management skills

Solid experience within a pricing related role

Excellent IT skills

Excellent attention to detail

Good understanding of the Lloyd’s market

Good written and verbal communication skills

Problem solving skills

Project management skills

Education

Minimum of a second class degree in a mathematical or science based subject

Tools

hx pricing platform

Microsoft Power BI

Job description

Actuarial Analyst – Pricing & Portfolio Management

Department: Actuarial

Employment Type: Permanent - Full Time

Location: London

Description

The primary purpose of this role is to develop, maintain and enhance pricing models and reporting across the Lancashire Group and facilitate underwriter support through case pricing and portfolio analytics.

Specific Responsibilities

• Translate models into the hx pricing platform
• Build pricing and underwriting MI reporting
• Liaise with underwriters around pricing model scoping and enhancements
• Review and enhance existing pricing models
• Ensure models and process are aligned with minimum standards and/or best practice
• Maintain pricing models and update parameters
• Undertake case pricing reviews
• Assist with portfolio management analytics
• Upkeep of relevant documentation
• Assist with Lloyd’s oversight compliance with respect to pricing
• To act in accordance with all applicable Supervisory Bodies, principles, rules and regulations

Skills and Requirements

• Advanced programming and data management skills
• Solid experience within a pricing related role
• Minimum of a second class degree in a mathematical or science based subject
• Excellent IT skills
• Excellent attention to detail
• Good understanding of the Lloyd’s market
• Good written and verbal communication skills
• Problem solving skills and project management skills
• Experience of case pricing in the London Market is desirable
• Knowledge of hx is desirable
• Knowledge of Microsoft Power BI is desirable

The Lancashire Way

At Lancashire, we believe our culture sets us apart. The way we behave and approach our work day-to-day is what makes us unique and creates a positive experience for our people, business partners and other stakeholders. Honesty and integrity in all we do is a given and The Lancashire Way reflects our true character and spirit.

Straight-talking

We feel empowered to share thoughts and ideas, because everyone’s voice matters.

Collaborative

We work together towards common goals, share knowledge and support each other.

Hard-working

We all have a stake in the company’s success and are proactive in contributing to our goals and vision.

Responsible

We focus on achieving tangible results with consistent standards across the Group.

Positive

We engage with brokers, clients, communities, stakeholders and colleagues professionally and passionately as proud ambassadors of Lancashire.