Actuarial Pricing Analyst

TN United Kingdom; London; On-site; GBP 40,000 - 70,000; Full time

Job summary

An established industry player is seeking an Actuarial Pricing Analyst to join their dynamic team in London. This role offers the opportunity to support the Pricing Best Estimate and Possible Outcome Scenarios for Commercial Lines, collaborating with various teams to ensure data quality and enhance modelling techniques. Ideal candidates will have a strong mathematical background, experience in pricing or actuarial roles, and proficiency in tools like SAS, Python, and SQL. Join a forward-thinking company that values diversity and empowers its employees to innovate and excel.

Benefits

50% off insurance products

Up to 10% annual bonus

30 days holiday plus bank holidays

EV car leasing scheme

Employee discounts and cashback

Buy as you earn share scheme

Qualifications

• Experience in pricing or actuarial roles is essential.
• Strong background in mathematics, engineering, or data science is preferred.

Responsibilities

• Support quarterly reviews of Pricing Best Estimate and Possible Outcome Scenarios.
• Collaborate with teams to ensure data quality and improve modelling techniques.

Skills

Pricing Experience

Actuarial Knowledge

Mathematics

Data Science

SAS

Python

SQL

Education

Degree in Mathematics

Degree in Engineering

Degree in Data Science

Tools

SAS

Python

SQL

Job description

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Actuarial Pricing Analyst – Centre of Expertise, Pricing & Underwriting

London/Leeds

Let’s make the most of your talent.

We are looking to recruit an Actuarial Pricing Analyst to join our Commercial Lines team in our Pricing Profitability team to produce the Pricing Best Estimate (PBE) and Possible Outcome Scenarios (POS).

About Us

At Direct Line Group, insurance is just the start. Combining decades of industry experience with talented people in every field, we’re a customer-obsessed market powerhouse. We all work together to be brilliant for customers, every single day.

Pricing and Underwriting is a complex field where historical data, geospatial information, and mathematical models intersect. Our pricers and underwriters are the best of the best, balancing business goals with customer needs to reduce risk and predict future events, ensuring sustainable growth and fair pricing for our consumers.

What you’ll be doing

Our mission is to be a best-in-class function. To achieve this, we need exceptional people. You’ll support our Principal Analysts in managing the Pricing Best Estimate and Possible Outcome Scenarios. Whether you have prior experience in actuarial or pricing roles or come from a math, engineering, or data background, curiosity and a desire to learn are essential.

• Support quarterly reviews of the PBE and POS processes for all Commercial Lines Products.
• Collaborate with teams such as Corporate Actuarial, Claims, and Modelling to leverage shared data, systems, and methods.
• Ensure data quality for projections and work with Data & MI teams for data and report releases.
• Continuously improve the statistical validity and efficiency of modelling, projection processes, and techniques.
• Manage business risks in line with the company's risk framework.

What we are looking for

We seek enthusiastic, passionate, and curious individuals with experience in pricing or a strong background in maths, engineering, or data science.

• Experience in pricing, actuarial roles, or a related mathematical/data field with an interest in developing a career in pricing/actuarial work.
• Understanding of data quality, processing, visualisation principles, and some knowledge of data science.
• Proficiency in SAS, Python, and SQL.
• A demonstrated curiosity to develop your skills.

What we’ll give you

We value our people and their diverse perspectives. Our benefits include:

• 50% off home, motor, and pet insurance, plus free travel insurance and breakdown cover.
• Up to 10% annual bonus.
• 30 days holiday plus bank holidays.
• EV car scheme for leasing electric or hybrid cars.
• Buy as you earn share scheme.
• Employee discounts and cashback.
• And more.

Be yourself

We support diverse ways of working and encourage reasonable adjustments during recruitment. If you need support, please reach out.

Everyone’s unique strengths and quirks make them valuable. Join us to be part of a team that empowers you to be your best. We’re proud of our diversity and commitment to equal opportunity. Your individuality is what brings potential to our business.

Join us. Help us innovate and keep customers at the heart of everything. Together, we can achieve great things by inspiring, challenging, and supporting each other to aim higher.