Actuarial Pricing Analyst – London Market

Sompo International; Greater London; On-site; GBP 55,000 - 75,000; Full time

Benefits offered by this job

Health benefits

Retirement plans

Parental leave

Employee assistance program

Tuition reimbursement

Job summary

Sompo International is seeking an Actuarial Analyst for UK Pricing based in London to support London Market underwriters across Marine, Energy, Aviation, Financial & Political Risk, delivering pricing insights and models.

You will develop pricing models, analyze data, and collaborate with cross-functional teams to inform business decisions and growth strategies in a dynamic, global insurer.

Qualifications

• Bachelor's or Master's in Actuarial Science, Mathematics, Statistics, or related field.
• Qualified or progressing towards qualification with the Institute & Faculty of Actuaries or similar actuarial body.
• A minimum of 2 years of experience in the commercial insurance industry with the ability to learn quickly and think critically and commercially.
• Previous experience in the classes of business listed would be preferred.
• Strong analytical and quantitative skills in Excel, SQL or other relevant tools and strong IT skills in areas such as R and Python are an advantage.

Responsibilities

• Assist in data collection, analysis and validation for actuarial modelling and calculations.
• Use and develop tools for the monitoring and reporting of rate change and rate adequacy.
• Collaborate with cross-functional teams to understand business objectives and provide actuarial insights.
• Pricing of complex contracts across the classes listed, ensuring close collaboration with the underwriters, providing clear explanation of technical Actuarial modelling techniques alongside the results.
• Support in developing pricing models for new areas of business written by the Underwriting team and update the pricing models through reparameterisation exercises and structural modifications where necessary.
• Apply actuarial pricing techniques to individual account analysis and portfolio analyses and prepare presentations and quantitative exhibits for management and underwriters that convey insight and key outcomes.
• Contribute to the business planning process, working with the lead Pricing Actuary for the class of business and the underwriters to articulate business plans and the rationale that underpins them.
• Assist in identifying and assessing strategic growth opportunities by working alongside the underwriting team to better understand the current portfolio against the market portfolio.
• Completion of risk audits to ensure the pricing models are being completed appropriately by the underwriters and that the modelled results are reasonable, taking action to resolve any deficiencies.
• Research into industry developments and trends that could impact Sompo.
• Other ad hoc duties as required.

Skills

Analytical skills

Excel

SQL

Python

R

Interpersonal skills

Organizational skills

Education

Bachelor's or Master's in Actuarial Science

Actuarial qualification progress

Tools

Excel

SQL

R

Python

Job description

Sompo International is seeking an Actuarial Analyst for UK Pricing based in London to support London Market underwriters across Marine, Energy, Aviation, Financial & Political Risk, delivering pricing insights and models.

You will develop pricing models, analyze data, and collaborate with cross-functional teams to inform business decisions and growth strategies in a dynamic, global insurer.