Lead Actuary - Marine & Cargo

Arthur Financial; Greater London; On-site; GBP 90,000 - 120,000; Full time

Job summary

Arthur offers aSenior Pricing Actuary role in the Lloyd's market, focusing on building pricing capability for the Marine & Cargo portfolio. You will work with underwriters to enhance pricing sophistication, improve portfolio performance and support capital allocation decisions.

Key duties include designing pricing models, refining rating structures, leveraging data sources, and maintaining pricing tools. The role requires FIA or equivalent, strong Python/R/SQL skills, and prior Marine & Cargo

Qualifications

• FIA qualification (or equivalent) is required.
• Pricing experience in Commercial Marine & Cargo, preferably Lloyd's or London Market.
• Strong technical skills in Python, R and/or SQL.
• Experience with pricing software such as HX is beneficial but not essential.

Responsibilities

• Design, develop and maintain pricing models for the Marine & Cargo portfolio.
• Collaborate with underwriters to define rating structures and pricing tools.
• Utilise internal and external data to improve pricing accuracy.
• Develop pricing templates and models for underwriting teams.
• Support pricing software implementation and ongoing development.
• Monitor portfolio risk through pricing performance metrics and analytics.
• Contribute to portfolio optimisation and capital allocation initiatives.
• Provide SME support for pricing models and tooling enhancements.

Skills

Python

R

SQL

Education

FIA qualification (or equivalent)

Tools

HX pricing software

Job description

Arthur is delighted to be supporting one of the leading Lloyd's market insurers who are seeking an experienced pricing actuary to join a growing Marine & Cargo team, supporting This role is focused on developing pricing capability across the Marine & Cargo portfolio, working closely with underwriters to improve pricing sophistication, portfolio performance and risk selection.

You'll play a key role in designing and enhancing pricing models, supporting underwriting decisions and contributing to wider portfolio optimisation and capital allocation initiatives. The role offers broad exposure across underwriting, exposure management, capital and reserving, making it well suited to someone who enjoys working closely with the business.

Key Responsibilities

• Design, develop and maintain pricing models across the Marine & Cargo portfolio.
• Partner with underwriters to understand products, define rating structures and develop practical pricing tools.
• Identify and utilise internal and external data sources to improve pricing accuracy.
• Develop and maintain pricing templates and models for underwriting teams.
• Support the implementation and ongoing development of pricing software and tools.
• Work closely with Exposure Management to monitor portfolio accumulations and catastrophe exposures.
• Help develop the business's view of risk across both modelled and non-modelled perils.
• Act as the subject matter expert for pricing models, providing technical support and enhancing tools where required.
• Monitor pricing performance through metrics such as pricing adequacy and risk-adjusted returns, identifying opportunities for improvement.Develop management information to highlight portfolio trends and underperforming segments.
• Contribute to portfolio optimisation, business planning and capital allocation initiatives.
• Work collaboratively across pricing, reserving and capital to ensure a consistent view of portfolio performance.
• Support regulatory requirements relating to pricing where required.

About You

• FIA qualification (or equivalent).
• Experience pricing Commercial Marine & Cargo business, ideally within the Lloyd's or London Market.
• Strong technical skills, including Python, R and/or SQL.
• Experience with HX pricing software would be beneficial but isn't essential.
• Previous experience managing or mentoring others would be an advantage.
• The ability to build strong relationships with underwriters and communicate technical concepts clearly.
• A commercial mindset with an interest in improving portfolio performance through better pricing and analytics.

Why This Role?

This is an opportunity to join a well-established actuarial function in a role with genuine influence across the underwriting business. You'll work closely with senior stakeholders, contribute to strategic portfolio decisions and play an important part in the continued development of pricing capability across the Marine & Cargo portfolio.