Head of Pricing Oversight

Polo; Greater London; Hybrid; GBP 120,000 - 180,000; Full time

Benefits offered by this job

Benefits Band 5

Job summary

Polo Managing Agency seeks an experienced Head of Pricing Oversight to lead pricing governance across Lloyd’s syndicates. You will supervise pricing frameworks, challenge methodologies, and ensure profitability and compliance while supporting growth and market leadership.

You will be a senior member of the Actuarial Function, guiding strategy, collaborating with Boards, Underwriting and Lloyd’s, and shaping pricing policy and reporting. London-based, permanent role.

Qualifications

• Non-Life actuarial experience in London/Lloyd’s market preferred.
• Qualified actuary or equivalent.
• Strong pricing governance and framework knowledge.
• Excellent leadership, communication and presentation skills.

Responsibilities

• Oversee pricing frameworks and governance for Lloyd’s syndicates.
• Provide independent review of pricing methodologies and assumptions.
• Lead actuarial function within PMA pricing and underwriting.
• Collaborate with senior management, underwriting and Lloyd’s stakeholders.

Skills

Non-Life actuarial experience

Qualified actuary

London market pricing knowledge

Leadership skills

Communication and presentation

Education

Fellow actuary / equivalent

Tools

Excel

Word

PowerPoint

Job description

Head of Pricing Oversight

Department: Managing Agency

Employment Type: Permanent

Location: London

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.

Key Responsibilities

• 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.

• 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.

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.

• 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.

• 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