Lead Algorithmic Pricing Actuary – 28855

The Emerald Group; City Of London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading actuarial firm is seeking a Lead Algorithmic Pricing Actuary in London. The role focuses on developing scalable digital pricing capabilities and involves overseeing risk assessment model validation. Candidates should have a STEM degree and significant actuarial experience, including team management skills. This is a permanent position commuting to the city center.

Qualifications

• Senior Qualified actuary with significant post-qualification experience.
• Experience in managing a team in a technical leadership role.

Responsibilities

• Oversee the development of scalable digital risk- and portfolio-pricing capabilities.
• Research and develop cutting-edge risk modelling approaches.
• Identify and calibrate new rating factors for evolving classes of business.
• Explore external data sets for risk assessment.

Skills

Actuarial expertise

Machine learning methods

Team management

Education

Bachelor’s Degree in a STEM field

Job description

Overview

They’re looking for a Lead Algorithmic Pricing Actuary to join their Algorithmic Underwriting team

Location: London

Type: Permanent

Key Responsibilities

You will work at the intersection of underwriting and algorithm development, ensuring that the development, calibration, validation and monitoring of their risk assessment models meets commercial and regulatory requirements, whilst effectively serving their end users at the point of quote (brokers).

• Overseeing the development of the Company’s scalable digital risk- and portfolio-pricing capabilities, leveraging actuarial and machine learning approaches to support their line size generation.
• Researching and developing cutting-edge risk modelling approaches
• Identifying and calibrating new rating factors for classes of business which are continually evolving (like Cyber insurance!)
• Exploring external data sets and sources of information to use in their assessment of risk

Qualifications

• Bachelor’s Degree or higher in a STEM field
• Senior Qualified actuary (with significant post-qualification experience) or equivalent Qualified-by-Experience
• Experience managing and enabling a team of individuals as a capability, either via people management or in a technical leadership role