Pricing Actuary

Gravitas Recruitment Group (Global) Ltd; Greater London; On-site; GBP 110,000 - 170,000; Full time

Job summary

Gravitas Recruitment Group (Global) Ltd in the City of London is seeking a Qualified Pricing Actuary (or by experience) to join a dynamic actuarial team within the underwriting support function. The role covers pricing across multiple insurance and reinsurance lines and requires strong technical ability and commercial acumen.

You will develop pricing models, perform case pricing, and provide pricing input to underwriting teams while collaborating with claims, exposure management, and finance to

Qualifications

• Qualified actuary (or by experience) with London market pricing experience.
• Strong understanding of actuarial pricing techniques and model validation processes.
• Experience with a variety of insurance and reinsurance product lines.
• Advanced Excel skills; VBA, Python, Access or R desirable.

Responsibilities

• Develop robust pricing models for all classes of business.
• Maintain documentation, testing, and validation of models and tools.
• Perform case pricing and rate monitoring on individual risks.
• Collaborate with underwriters to support technical pricing initiatives.
• Feed pricing intelligence into broader business processes.
• Contribute to cross-business projects including system transformations.
• Perform peer reviews for quality assurance.

Skills

Pricing actuary

Actuarial pricing

Analytical skills

Communication skills

Self-motivated

Education

Qualified actuary (or by experience)

Tools

VBA

Python

Access

R

Job description

We are seeking a Qualified Pricing Actuary (or by experience) to join a dynamic actuarial team based in the City of London. This position sits within the underwriting support function and is critical in expanding and enhancing pricing capabilities across multiple lines of insurance and reinsurance business.

Reporting directly to the Head of Pricing, this role sits within the underwriting support function and plays a key part in expanding and enhancing pricing capabilities across a broad range of insurance and reinsurance business lines.

The exposure is particularly diverse, covering the Syndicate's specialist portfolio, including Property, Financial Lines, D&O/E&O, Energy, Credit, Environmental, Binding Authority, and Reinsurance.

Key responsibilities include the development, maintenance, and validation of pricing models that support underwriting decisions across the business.

The team is keen to hire individuals with strong technical ability, commercial acumen, and a desire to make an impact, rather than simply seeking the finished article. As such, this could be an excellent opportunity for someone looking to bring new ideas to the table and who wants to play a meaningful role in the continued evolution of the pricing function.

You will conduct individual case pricing, support underwriting teams with technical pricing input, and contribute valuable insights to business planning and reserving. Strong working relationships with cross-functional teams including underwriting, claims, exposure management, and finance are essential.

Key responsibilities include:

• Developing and maintaining robust, accurate pricing models for all classes of business
• Ensuring continued documentation, testing, and validation of models and tools
• Performing case pricing and regular rate monitoring on individual risks
• Collaborating with underwriters to support and implement technical pricing initiatives
• Feeding pricing intelligence into broader business processes
• Contributing to cross-business projects, including system transformations and process improvements
• Functioning as an effective team member and performing peer reviews for quality assurance

To be successful in this role, you should possess the following skills and qualifications:

• Qualified actuary (or by experience) with London market pricing experience
• Strong understanding of actuarial pricing techniques and model validation processes
• Experience with a variety of insurance and reinsurance product lines
• Advanced Microsoft Excel skills; proficiency in VBA, Python, Access or R is desirable
• Excellent analytical and problem-solving skills, with strong attention to detail
• Strong communication skills, capable of translating technical information clearly to stakeholders
• Self-motivated, proactive, and able to work well both independently and collaboratively

The successful candidate will be motivated by continuous improvement and able to influence positive change across actuarial and underwriting functions. A professional and inclusive approach, combined with a strong team ethic, is essential.

Applicants must have full right to work in the UK.