Pricing Actuary

Arthur Financial; Greater London; On-site; GBP 80,000 - 100,000; Full time

Job summary

A leading insurance and reinsurance firm is seeking a Pricing Actuary to enhance their pricing function. This role involves supporting pricing across multiple business lines, developing pricing models, conducting profitability reviews, and collaborating closely with underwriting and other functions. Ideal candidates are nearly or newly qualified actuaries with a background in actuarial pricing, preferably in the Lloyd's or London Market. Strong Excel skills are a must, and experience in R or Python is advantageous.

Qualifications

• Significant experience in case pricing within the insurance or reinsurance sector.
• Lloyd’s or London Market experience is highly desirable.

Responsibilities

• Support individual risks across various business lines.
• Develop and maintain pricing models.
• Conduct profitability reviews and portfolio analysis.
• Partner with underwriters based on commercial needs.
• Contribute to the development of pricing frameworks.

Skills

Actuarial pricing experience

Strong analytical skills

Confidence in communication

Excel proficiency

R or Python skills

Education

Nearly/Newly Qualified Actuary (FIA or equivalent)

Tools

Excel

R

Python

Job description

Arthur is delighted to be collaborating with a specialityinsurance and reinsurance company who, due to additional headcount and growth, are seeking a Pricing Actuary to join their pricing function.

This position offers the opportunity to support pricing activity across multiple lines of business while collaborating closely with underwriting and other core functions.

Responsibilities

• Deliver support for individual risks across various business lines, including both insurance and reinsurance products.
• Develop and maintain pricing models to support underwriting decisions.
• Profitability reviews and portfolio analysis to inform strategy.
• Partner with underwriters in line with commercial needs.
• Contribute to the development of pricing frameworks, including new methodologies and tools as required by the business.
• Collaborate with teams across Actuarial Reserving, Risk, Claims and Finance.

Requirements

• Nearly/Newly Qualified Actuary (FIA or equivalent), with significant experience in case pricing.
• Strong background in actuarial pricing within the general insurance or reinsurance sector.
• Lloyd’s or London Market is highly desirable.
• Skilled in Excel; R or Python is advantageous.
• Confident communicator with strong analytical skills.

Right to Work

Candidates must have the right to work in the UK. Unfortunately, visa sponsorship is not available for this position.