Lead Algorithmic Pricing Actuary

Emerald Group Ltd; Greater London; On-site; GBP 65,000 - 85,000; Full time

Job summary

A leading insurance firm in Greater London seeks a qualified actuary to manage algorithm development and risk assessment processes. Responsibilities include overseeing the development of digital risk pricing capabilities, researching risk modeling techniques, and leading a team. The ideal candidate holds a Bachelor's Degree in a STEM field and has significant experience in actuarial science. This position offers a unique opportunity to impact innovative underwriting approaches in a dynamic market.

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 a team or in a technical leadership role.

Responsibilities

• Develop underwriting and algorithm development processes.
• Oversee digital risk and portfolio pricing capabilities.
• Research and develop risk modelling approaches.

Skills

Risk modelling

Data analysis

Team management

Algorithm development

Education

Bachelor’s Degree in a STEM field

Senior Qualified actuary or equivalent

Job description

Key Duties (Including but not limited to):

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).

You will be 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. Some of things you might oversee include:

• 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 required:

• Bachelor’s Degree or higher in a STEM field
• Senior Qualified actuary (with significant post‑qualification experience) or equivalent Qualified‑by‑Experience

Experience required:

• Experience managing and enabling a team of individuals as a capability, either via people management or in a technical leadership role