Pricing Analyst

Canopius; Greater London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A major global specialty insurer in London is seeking an experienced actuary to join their pricing team. The ideal candidate will have a strong background in general insurance actuarial roles and proven progress through the Actuarial exams. You will take ownership of complex pricing models, collaborate with pricing actuaries, and assist underwriters. A robust training package and comprehensive benefits, including hybrid working, are offered. This role emphasizes a collegial work environment that values diverse contributions.

Benefits

Hybrid working

Competitive salary

Non-contributory pension

Discretionary bonus

Health and dental cover

Qualifications

• Experience in a general insurance actuarial role.
• Progress through Actuarial exams.
• Excellent statistical knowledge and communication skills.

Responsibilities

• Own pricing models and case pricing.
• Monitor quality and accuracy of pricing data.
• Case pricing of complex risks.
• Research pricing assumptions and market rates.
• Develop pricing models using various tools.
• Assist underwriters in using pricing tools.
• Support other teams in the Actuarial Function.

Skills

General insurance actuarial experience

High numeracy and examination track record

Ability to explain complex concepts

Statistical modelling techniques

Excel and/or programming skills

Strong problem-solving skills

Education

Progress through Actuarial exams

Tools

Python

Excel

VBA

R

SQL

Job description

This is an opportunity to join a market-leading actuarial pricing team at a major global specialty (re)insurer, giving exposure to a wide range of products and pricing techniques.

From day one you will be contributing to the development of sophisticated pricing models in a diverse range of classes, collaborating with specialist pricing actuaries and underwriters to assess multimillion-dollar deals.

The right candidate will have experience in a general insurance actuarial role and will have made strong progress through the Actuarial exams. They will also have excellent statistical knowledge and be a confident, engaging communicator, who can convey complex ideas in a concise way to non-specialists. Prior Python knowledge is desirable but not essential.

A full training package is provided, including a generous study allowance to complete the IFoA fellowship qualification.

Responsibilities

• Take ownership of pricing models and case pricing for allocated classes of business.
• Monitor the quality and accuracy of pricing data produced by pricing models.
• Case pricing of large and/or complex risks.
• Research key pricing assumptions and market rates.
• Develop and maintain pricing models for London Market (re)insurance business using Python, Excel, VBA, R and SQL.
• Provide assistance to underwriters in using pricing tools in a personable and professional manner.
• Assist other teams in the Actuarial Function where resource is required and to help gain a breadth of knowledge and skills.

Skills and experience

• Experience in a general insurance actuarial role.
• High level of numeracy with an excellent examination track record.
• Ability to explain complex technical concepts to non-specialists.
• Strong understanding of general insurance with eagerness to further develop expertise.
• Experienced in using statistical modelling techniques.
• Excel and/or programming skills and a strong desire to develop these further.
• Strong problem-solving skills. Ability to apply existing knowledge to a new problem to suggest solutions.
• Ability to work in a team environment including:
  • Working in an organised manner, producing clear documentation and audit trails.
  • Recognising the need to seek support appropriately from others in the team.
  • Prioritising work and assessing feasibility of deadlines.
  • Building relationships within the Actuarial team and with other teams around the business.

About Us

Our benefits

We offer all employees a comprehensive benefits package that focuses on their whole wellbeing. This includes hybrid working, a competitive base salary, non-contributory pension, discretionary bonus, insurances including health (family) and dental cover, and many other benefits to enhance financial, physical, social and psychological health.

About Canopius

Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd's of London insurance market with offices in the UK, US, Singapore, Australia and Bermuda.

At Canopius we foster a distinctive, positive culture which enables us to bring our whole selves to work to flourish as people, and build a business which delivers profitable, sustainable results.

Based in incredible new offices in the heart of the City of London, Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best and where everyone's unique contributions are recognised, valued and respected.

We are fully committed to equal employment opportunities for all applicants and providing employees with a work environment free of discrimination and harassment. All employment decisions are made regardless of age, sex, gender identity, ethnicity, disability, sexual orientation, socio-economic background, religion or beliefs, marital or caring status, or any other status protected by the laws or regulations in the locations where we operate. We encourage and welcome applicants from all diverse backgrounds.

We make reasonable adjustments throughout the recruitment process and during employment. Please let us know if you require any information in an alternate format or any other reasonable adjustments.