Head of Pricing Oversight

Poloworks; Greater London; On-site; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Benefits Band 5

Job summary

Polo Managing Agency (PMA) is seeking a seasoned Head of Pricing Oversight to lead pricing governance across Lloyd's syndicates. This senior role provides independent review of pricing methodologies and supports regulatory compliance while driving profitability and client growth.

You will collaborate with Boards, senior management and underwriting teams as part of the Actuarial Function. You will guide pricing policy, data governance, reporting and system architecture, and help strengthen PMA's

Qualifications

• Non-Life actuarial experience, preferably in London or Lloyd's market.
• Qualified actuary or equivalent.
• Knowledge of pricing methods and Lloyd's Principles.
• Strong leadership and communication skills.

Responsibilities

• Overseeing pricing governance and capabilities to align with Lloyd's pricing principles.
• Leading PMA's Actuarial team and contributing to strategic direction.
• Overseeing pricing model development, validation and recalibration processes.

Skills

Non-Life actuarial experience

Leadership

Communication skills

Regulatory knowledge

Knowledge of pricing methods

Education

Qualified Actuary or equivalent

Tools

Excel

Word

PowerPoint

Job description

Description

Polo Managing Agency (PMA) is seeking an experienced and commercially astute Head of Pricing Oversight to lead and enhance pricing governance across our managed Lloyd's syndicates. This is a highly influential leadership role, providing independent oversight of syndicate pricing capabilities, frameworks and decision-making processes. Working closely with Boards, Senior Management, Underwriting teams and Lloyd's, you will play a critical role in ensuring robust pricing governance, underwriting profitability and regulatory compliance, while helping to drive client growth and market-leading standards. As a senior member of the Actuarial Function, you will provide expert challenge and guidance to syndicates, support new market entrants, contribute to strategic decision-making and help strengthen PMA's reputation as a leading managing agency.

Department: Managing Agency

Location: London

Key Responsibilities

Pricing Governance & Oversight

• Overseeing pricing frameworks and capabilities to ensure alignment with Lloyd's Principle 1.6 (Underwriting Profitability – Pricing).
• Providing independent review and challenge of pricing methodologies, assumptions and governance.
• Maintaining and developing PMA's Underwriting & Pricing Policy.
• Ensuring pricing activities operate effectively within regulatory and professional standards.

Strategic Leadership

• Acting as a key leader within the PMA Actuarial team, influencing strategy, priorities and team development.
• Supporting the growth of PMA by contributing to new client opportunities and market initiatives.
• Supporting new syndicates through Lloyd's application and "Making It Happen" processes.
• Building strong relationships across underwriting, claims, finance, risk and senior leadership teams.

Pricing Function Development

You will oversee and challenge all aspects of syndicate pricing operations, including:

• Pricing model development, validation and recalibration processes.
• Governance, peer review and approval frameworks.
• Price adequacy assessment and rate monitoring.
• Pricing management information and reporting.
• Delegated Authority pricing governance.
• Data governance, collection, storage and quality standards.
• Technology and pricing system architecture.
• Resource planning for pricing teams.
• Training and development programmes.
• Alignment of pricing assumptions with capital modelling, exposure management and reinsurance strategy.

Board & Committee Engagement

• Presenting pricing insights and recommendations to Underwriting Committees and Syndicate Management Committees.
• Producing high-quality pricing packs to support effective decision-making.
• Supporting Board training on emerging pricing topics and market developments.
• Contributing to ORSA reporting and Actuarial Function Reports, including opinions on underwriting policy and reinsurance adequacy.

Regulatory & Risk Responsibilities

• Acting as a key liaison with Lloyd's on pricing-related matters.
• Ensuring compliance with Solvency UK requirements, Lloyd's guidance, Technical Actuarial Standards (TAS) and Actuarial Professional Standards (APS).
• Supporting PMA's risk management framework and maintaining a strong control environment.
• Ensuring customer outcomes and policyholder interests remain at the forefront of decision-making.

Skills, Knowledge And Expertise

• Non-Life Actuarial experience preferably in London or Lloyd’s market.
• Qualified Actuary or equivalent.
• Knowledge of London Market pricing methods, processes and practices.
• Knowledge of Lloyd's of London Principles, in particular sub-Principle 1.6 Pricing.
• Good knowledge of Excel, Word, and PowerPoint.
• Team Player with good communication and presentation skills.
• Strong management and leadership skills.
• Ability to work with a variety of disciplines outside of the department.
• Strong planning and organisation skills.

Benefits

Benefits Band 5