Pricing Actuary - Specialty

SCOR; Greater London; On-site; GBP 65,000 - 100,000; Full time

Job summary

SCOR is seeking a pricing and modelling professional to join the SBS & Cedant Facultative P&C Pricing and Modelling team in London. You will price key accounts, develop and maintain pricing tools, and collaborate with Underwriters, CTO, and global teams on pricing methodologies.

The role emphasizes data-driven pricing, model calibration, and ad-hoc reporting across two platforms (UP and Renew SaaS). Prior Lloyd’s market experience is advantageous.

Qualifications

• FIA or FCAS preferred with pricing exposure in P&C.
• Degree in Mathematics, Actuarial Science or related field.
• Strong analytical abilities and data handling skills.
• Proficient MS Excel in pricing environment; VBA experience desirable.
• Experience with Python or similar for predictive modeling (GLMs, ML) welcomed.

Responsibilities

• Develop, test, and maintain pricing tools.
• Enhance direct & facultative pricing tools with underwriters and management.
• Ensure pricing models are calibrated and used for rate change calculations.
• Maintain pricing tool documentation and change impact analyses.
• Build pricing dashboards and management information; monitor market trends.

Skills

Pricing experience

Python

Excel VBA

Data analysis

Communication

Team collaboration

Education

FIA/FCAS

Mathematics/Actuarial degree

Tools

Xact

UP platform

Renew (SaaS)

Job description

The job holder will be a key member of the SBS & Cedant Facultative P&C Pricing and Modelling team supporting business written by SCOR (including SCOR Syndicate), focusing on Property, Construction and Specialty lines of business.

The work includes pricing of key individual accounts, working with Underwriters, developing and maintaining pricing models, conducting pricing related analyses and any other ad-hoc reporting requirements. The job holder will also represent SBS Pricing & Modelling Team in any ongoing and future global projects.

Responsibilities

Develop, test, and maintain pricing tools

Develop and enhance direct & facultative pricing tools and methodology in conjunction with Underwriters, Underwriting Management, CTO and the Specialty Insurance Methods and Tools team.

Ensure pricing models are appropriately calibrated and used appropriately by Underwriters, including rate change calculation.

Maintenance of existing pricing tools including technical documentation / specifications / change parameter documentation (including impact analysis).

Be a contributor to the long term objective of the Pricing Team by helping to implement a more innovative and data driven approach to their pricing processes with pricing model development on two web-based platforms: Underwriting Platform (UP), an internal web-based application designed to be a submission to bind tool for underwriters to write risks, and Renew, a third-party software as a service (SaaS) platform for developing and deploying Python pricing models.

Actively build relationship with Underwriters and assist in change management (including training) when onboarding Underwriters on to new pricing tools or platforms.

Portfolio analysis, business planning, parameterisation and outwards RI pricing:

Business planning for allocated lines within the team (company & syndicate)

Development and maintenance of dashboards and various management information

Monitor emerging trends in the market across allocated lines of business.

Reporting:

Contribute to various regulatory tasks such as the Lloyd’s Performance Management Data Return (PMDR)

Regular monitoring and feedback of Underwriter Adjustments, plus pricing strength (adequacy) against the long-term profitability targets.

Any other ad-hoc reporting requirements.

Development and maintenance of dashboards and various management information

Projects & Consulting:

Provide actuarial consulting during exploration of new projects.

Assist with on-going underwriting projects (developing pricing requirements, systems testing, etc.) or any other ad-hoc projects

Pricing and review key individual accounts:

Analyse and pricing of individual accounts typically with complex features or high premium in UP or Xact.

Conduct pricing reviews on accounts with high and extreme materiality to ensure that all accounts priced adheres to appropriate pricing review process as defined in SBS Pricing Guidelines and Cedant Facultative Pricing Guidelines.

Qualifications

Experience

FIA (or FCAS) with a couple years of Pricing experience in P&C insurance required, with Lloyd’s / London Market experience preferred.

Casualty (e.g. General Liability, Excess Casualty/Umbrella, Environmental, Directors & Officers, Financial Institutions, Professional Lines, etc.) experience preferred.

Strong analytical skills and ability to manipulate or handle large datasets.

Signficant experience in using MS Excel in a pricing environment required, with VBA experience preferred

Experience using Python or any other programming languages for predictive modeling (GLMs, ML, etc.) preferred.

• Highly motivated and driven individual with excellent analytical and problem-solving skills
• Inclination to challenge the status quo in a pricing/actuarial environment

Effective communication skills with excellent interpersonal verbal and written skills

Strong collaboration skills including across time zones and non-actuarial disciplines

• Strong organisational and time management skills required
• Self-starting individual and excellent team player

Required Education

FIA (Fellow of the Institute and Faculty of Actuaries) or FCAS (Fellow of the Casualty Actuarial Society)

Degree in Mathematics, Actuarial Science or any other scientific discipline (Statistics, Physics, etc.) or equivalence

• Locations Level 6, London, United Kingdom, EC2N 4BQ, GB

About Us

As a leading global reinsurer, SCOR offers its clients a diversified and innovative range of reinsurance and insurance solutions and services to control and manage risk. Applying “The Art & Science of Risk,” SCOR uses its industry-recognized expertise and cutting-edge financial solutions to serve its clients and contribute to the welfare and resilience of society in around 160 countries worldwide.

Working at SCOR means engaging with some of the best minds in the industry – actuaries, data scientists, underwriters, risk modelers, engineers, and many others – as we work together to find solutions to pressing challenges facing societies.

As an international company, our common culture is defined by “The SCOR Way.” Serving both to build momentum that drives the Group forward and as a compass to guide our actions and choices, The SCOR Way is anchored by five core values, reflecting the input of employees at all levels of the Group. We care about clients, people, and societies. We perform with integrity. We act with courage. We encourage open minds. And we thrive through collaboration.

SCOR supports inclusion and the diversity of talents, and all positions are open to people with disabilities.