International Pricing Lead – Actuarial Calibration

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

Job summary

Markel Service is seeking an experienced actuarial pricing professional to lead technical calibration across International pricing models. You will enable regional Portfolio Managers to develop pricing maturity frameworks and collaborate with the HX platform to implement calibration standards across five divisions.

The role emphasizes independent actuarial Oversight, setting review cycles, and driving consistent pricing governance while balancing technical rigor with commercial needs.

Qualifications

• Significant experience in technical pricing within the London Market or specialty insurance sector.
• Strong actuarial and pricing expertise, with deep experience of pricing model development, validation, calibration and performance monitoring.
• Experience designing and implementing pricing governance, controls and model management frameworks.

Responsibilities

• Sit within the Portfolio Management team and lead on technical pricing calibration across International, ensuring models remain robust, accurate and aligned to underwriting strategy.
• Lead the end-to-end calibration and recalibration process for pricing models, setting risk-based review cycles based on materiality, performance and model maturity.
• Enable the regional Portfolio Managers across all five divisions to build and maintain their own pricing model maturity frameworks, providing the standards, tools and technical steer to do so consistently.
• Work closely with, and in support of, the local Portfolio Managers, adapting to the different operating models and levels of maturity across each region rather than imposing a single fixed approach.
• Partner hand in hand with the Pricing Transformation team, who are responsible for the HX pricing product, to ensure calibration work, model changes and technical standards are delivered effectively within the HX platform.
• Provide a consistent technical pricing standard across the divisions, so that local models remain comparable, well governed and fit for purpose despite differences in local business, systems and regulation.
• Translate portfolio management insights from each division into pricing model improvements, and feed pricing model data back to support segment-level performance analysis.
• Collaborate with Actuarial and the Underwriting Strategy & Performance team on methodology, technical standards, peer review and final model sign-off.
• Support the divisional PMs as HX is rolled out across UK, Europe and Canada, and as the new portfolio management team is established in APAC.
• Coach and develop pricing and portfolio management colleagues across the divisions, raising technical calibration capability throughout the function.

Skills

Technical pricing

Actuarial pricing

Pricing governance

Rating methodologies

Commercial pragmatism

Stakeholder influence

Communication

Cross-functional collaboration

Pricing standards

Job description

Markel Service is seeking an experienced actuarial pricing professional to lead technical calibration across International pricing models. You will enable regional Portfolio Managers to develop pricing maturity frameworks and collaborate with the HX platform to implement calibration standards across five divisions.

The role emphasizes independent actuarial Oversight, setting review cycles, and driving consistent pricing governance while balancing technical rigor with commercial needs.