Lead Pricing Actuary - Property

The Actuary; Greater London; Hybrid; GBP 70,000 - 100,000; Full time

Job summary

The Actuary is seeking an experienced Pricing Actuary to join a growing Property team within a leading Lloyd's market insurer. You will design and enhance pricing models, work with underwriters to refine rating structures and drive portfolio performance.

You will leverage Python/R/SQL to build pricing tools, monitor pricing performance and support capital allocation initiatives across underwriting, exposure management and reserving. Mentoring others is a plus.

Qualifications

• FIA qualification (or equivalent).
• Experience pricing Commercial Property business, ideally within the Lloyd's or London Market.
• Strong technical skills, including Python, R and/or SQL.
• HX pricing software experience would be beneficial but isn't essential.
• Previous mentoring or management experience is advantageous.

Responsibilities

• Design, develop and maintain pricing models across the Property portfolio.
• Partner with underwriters to understand products, define rating structures and develop pricing tools.
• Identify and utilise data sources to improve pricing accuracy.
• Develop and maintain pricing templates and models for underwriting teams.
• Support pricing software and tools development and deployment.
• Collaborate with Exposure Management on portfolio accumulations and cat exposures.
• Contribute to risk-based pricing views across modelled and non-modelled perils.
• Act as pricing SME, providing technical support and enhancing tools.
• Monitor pricing performance using metrics like pricing adequacy and ROE.
• Produce MI to highlight portfolio trends and underperforming segments.
• Contribute to portfolio optimisation, business planning and capital allocation.
• Work with pricing, reserving and capital to ensure a consistent portfolio view.
• Support regulatory pricing requirements where needed.

Skills

FIA qualification

Pricing Commercial Property

Python

R

SQL

HX pricing software

Education

FIA qualification (or equivalent)

Tools

Python

R

SQL

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 Property team, supporting This role is focused on developing pricing capability across the Property 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 Property 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 Property 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 Property portfolio.