Pricing Contractor (Actuarial) Transformation & Framework

Bolton Associates; Greater London; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading market insurer in the United Kingdom is seeking a Pricing Actuary to support the implementation of a new syndicate pricing platform. Candidates will work on enhancing pricing frameworks, utilizing modern pricing tools, and collaborating closely with underwriting teams. The ideal applicant possesses strong collaboration skills, experience with Python and Hx Renew, and a proactive approach to teamwork. This role provides opportunities for growth within a dynamic actuarial environment.

Qualifications

• Proven ability to work collaboratively and identify efficiency opportunities.
• Strong communication skills for engaging with underwriters.
• Desirable experience with Python and Hx Renew.

Responsibilities

• Support implementation of new Syndicate Pricing Tool.
• Build and maintain pricing models in Hx Renew.
• Develop pricing frameworks and support underwriting teams.

Skills

Collaborative mindset

Proactive approach to teamwork

Communication skills

Experience with Python

Experience with Hx Renew

Tools

Python

Hx Renew

Power BI

SQL

C#

VBA

R

Job description

A leading market insurer is undertaking a major pricing transformation and is seeking a Pricing Actuary to support the implementation of a new syndicate pricing platform, strengthen pricing frameworks, and partner closely with underwriting teams. This role offers exposure to modern pricing tools, portfolio analytics, and cross-functional actuarial collaboration within a dynamic specialty environment.

Pricing Transformation

• Project Support the implementation and ongoing development of a new Syndicate Pricing Tool to improve underwriting efficiency and meet Lloyd’s pricing standards.
• Learn and utilise Hx Renew software and Python to independently build, maintain, and enhance pricing models in line with an agreed development roadmap.
• Work closely with the external software provider to ensure the tool performs as intended and delivers expected business benefits.
• Understand existing pricing models and lead their rebuild within Hx Renew, ensuring accuracy, consistency, and readiness prior to go-live.
• Produce portfolio-level reports using Hx Renew data to generate actionable insights across underwriting and management teams.
• Maintain clear and comprehensive documentation for all pricing models migrated into Hx Renew.
• Deliver training and ongoing support to underwriting teams to drive effective adoption of the pricing platform.

Pricing Framework Responsibilities

• Support the development, maintenance, and continuous improvement of the Syndicate Pricing Framework, including contributions to Lloyd’s Pricing Maturity Matrix.
• Build strong working relationships with underwriting teams to promote long-term engagement with pricing tools and technical pricing methodologies.
• Lead the development, maintenance, and periodic review of rating tools and pricing models for allocated classes, including:
  • Technical rating and base rates
  • Relativity analysis
  • Increased Limit Factors (ILFs)
  • Rate monitoring and documentation
• Provide ad-hoc and case-by-case pricing support for risks outside standard underwriting criteria, applying robust actuarial judgement.
• Collaborate with wider group pricing teams to align approaches and share best practice where appropriate.
• Contribute to the Actuarial Function Report, including analysis supporting the Opinion on Underwriting Policy in line with Lloyd’s requirements.
• Work closely with reserving, capital, and risk teams to ensure pricing reflects emerging experience and market trends.

Wider Actuarial Responsibilities

• Provide guidance, training, and support to junior actuarial team members.
• Participate in relevant technical training and attend industry events to remain current with actuarial and market developments.
• Support broader actuarial objectives across pricing, reserving, and capital modelling as required.
• Contribute to business planning activities, including loss ratio setting and allocations.

Skills & Experience

• Strong collaborative mindset with a proactive and positive approach to teamwork and culture.
• Ability to identify and implement opportunities for increased efficiency.
• Confident communicator, comfortable working closely with underwriters and technical stakeholders.
• Experience with Python, Hx Renew, and/or Power BI is desirable.
• Experience with programming languages such as C#, SQL, VBA, or R is beneficial but not essential.