Pricing Actuary

Colonial Group; Greater London; Hybrid; GBP 65,000 - 90,000; Full time

Benefits offered by this job

Hybrid working options

35 days holiday including bank

Mental health support & counselling

Career development opportunities

Early access to salary via internal平台

Job summary

Acorn Group is seeking a Pricing Actuary to join its high-performing pricing team in a hybrid role based in Liverpool or London. The role focuses on building statistical and ML models to improve risk costs and profitability for motor products.

You will work with actuaries and data scientists to drive pricing strategy, present insights to senior stakeholders, and contribute to a fast-paced pricing roadmap. A mathematical degree and UK motor pricing experience are preferred.

Qualifications

• A background in statistical, data science or actuarial roles.
• Proficiency in Python for data handling and predictive modelling.
• 2+ years UK motor pricing experience, ideally building GBMs.
• Solid understanding of GI pricing, GLMs and machine learning techniques.

Responsibilities

• Build statistical and ML models to enhance risk cost and profitability predictions.
• Conduct data analysis to support segmentations, performance monitoring and modelling enhancements.
• Identify and implement innovative pricing solutions and policy growth ideas.
• Present insights clearly to senior stakeholders.
• Contribute to a dynamic pricing roadmap.

Skills

Statistical/Data science background

Actuarial background

Python

GBMs

GI pricing

GLMs

Machine learning

Communication

Independent thinker

Mathematical degree

Emblem/Radar/Databricks

Education

Mathematical degree

Tools

Emblem

Radar

Radar Live

Databricks

Job description

The Acorn Group is one of the fastest growing insurance businesses in the UK, delivering specialists motor insurance products through a unique and integrated model. With over £700m in GWP and exceptional performance in a highly competitive market, we’re on a mission to become the UK’s leading specialist motor insurer.

We’re looking for outstanding pricing talent to join our high-performing Pricing team. You’ll have the opportunity to shape our pricing sophistication, implement innovative data science techniques and make a real impact in a business where your input truly matters.

As a Pricing Actuary, you will play a pivotal role in the delivery of pricing strategy and innovation across Private Car, Telematics, Commercial Vehicle, and Taxi products. Working with a small team of expert actuaries and data scientists you’ll help drive business- critical decisions using advanced statistical and machine learning models.

Job Title:

Pricing Actuary

Location:

Liverpool or London on a hybrid basis

Salary:

£Competitive DOE

Working hours:

37.5 hours per week, Monday to Friday, 9am to 5:30pm

What you will be doing:

• Build statistical and machine learning models to enhance risk cost and profitability predictions
• Conduct data analysis to support segmentations, performance monitoring and modelling enhancements
• Identify and implement innovative solutions for pricing and policy growth
• Present insights and solutions clearly to senior stakeholders
• Contribute to our dynamic and fast-paced pricing roadmap

What we are looking for:

• A background in statistical, data science or actuarial roles
• Proficiency in Python for data handling and predictive modelling
• 2+ years UK motor pricing experience, ideally building GBMs
• Solid understanding of GI pricing, GLMs and machine learning techniques
• Strong communication skills, with the ability to translate technical detail for non-technical stakeholders
• A proven ability to deliver pricing initiatives with tangible results
• Independent thinker, self-starter and a problem solver
• A mathematical degree with strong academic performance is desirable
• Bonus: Experience with Emblem, Radar, Radar Live, or Databricks

Grow with Acorn

At Acorn Insurance, we’re proud of our Liverpool roots — and even prouder of how far we’ve come. As part of the Acorn Group, we bring over 40 years of specialist insurance expertise to the table. From humble beginnings, we’ve grown into a national leader, now employing 1,700+ people across the UK and reached a milestone £750 million in total value of insurance policies written in 2024.

We’re growing fast, with new opportunities emerging every week. That growth is largely due to the values we share:

• We run through walls for our customers and each other
• We challenge the status quo
• We succeed when we help those around us succeed
• We decide quickly when the smart thing to do is use our judgement

Benefits:

• A maximum of 35 days’ holiday (depending on role and tenure) including bank holidays, with additional buy/sell options
• 24/7 mental health support & free counselling available
• Grow with us: Through career fairs, leadership programs, and learning on the go!
• Flexible benefits, including early access to salary via our internal platform
• Hybrid working options to support work-life balance and individual needs
• Recognition awards, social events & more

Our Commitment to our colleague’s:

• Mindful Employer – championing mental health and wellbeing
• Disability Confident Level 1 & 2 – creating accessible, inclusive opportunities
• Menopause Friendly accredited – supporting every stage of life
• Armed Forces Covenant signatory – honouring those who serve
• Armed Forces Defence employer recognition scheme - Supporting those who serve
• Great Places to Work 2024/25 – fostering an engaging and positive workplace culture
• Best Place to Work for Development – proud to be investing in people’s future
• Best Place to Work for Women – breaking down barriers to women's career progression

If you’re looking for a company with a strong culture, real career progression, and a people-first approach — all rooted in the heart of Liverpool — Grow with Acorn.

A Few Things to Know Before You Apply

We’re really excited that you’re considering joining Acorn! To help everything go smoothly, here are a couple of things to keep in mind:

If your application is successful, we will commence relevant employment checks prior to you commencing employment with us. These will include a standard criminal record check and an insolvency register check.

Visa Requirements Because our training is quite comprehensive, we can only consider applicants who have at least one year remaining on their Graduate or Post-Study Work visa. At the moment, we’re not able to offer visa sponsorship.

We’re Here to Support You We’re committed to creating an inclusive, supportive workplace where everyone can flourish. If you need any adjustments during the recruitment process—or once you’re part of the team—just let us know. Whether it’s flexible hours, adapted equipment, or a bit of extra support, we’ll work with you to make sure you can do your best work.

#LI-JL1