Pricing Transformation Actuary: Data-Driven Pricing

markelcorp; Greater London; On-site; GBP 90,000 - 130,000; Full time

Job summary

Markel International is seeking a Pricing Transformation Actuary to develop and enhance pricing models that support underwriting decisions across its portfolios. You will collaborate with underwriters, actuarial specialists and pricing change experts to deliver practical, data-driven pricing solutions using Hyperexponential HX and related tools.

This hands-on role offers exposure to pricing, analytics, technology and business engagement, with increasing ownership of key models and transformation

Qualifications

• Experience developing, enhancing or supporting pricing models, ideally in insurance pricing or related analytical subject area.
• Strong analytical and problem‑solving skills, with the ability to work with pricing data and draw practical conclusions.
• Proficient in at least 1 coding language with transferable skills to pick up Python, experience using code beyond basic Excel.
• Ability to engage effectively with underwriters and business partners, translating priorities into practical model improvements.
• Clear communication skills, including proficiency in explaining technical concepts in plain language.
• Curiosity, ownership and a growth mindset, with a desire to develop breadth across pricing, analytics, technology and transformation.
• Capable of collaborating effectively with senior Pricing Transformation specialists, actuaries and technical colleagues.

Responsibilities

• Develop, deliver and maintain pricing frameworks that assist underwriting and portfolio decision making.
• Work closely with business partner actuaries and underwriting to understand pricing challenges and translate requirements into practical solutions.
• Take ownership for specific pricing models, model enhancements or components of the Pricing Transformation roadmap.
• Develop and improve pricing models on the Hyperexponential (HX) platform, supported by Excel, analytical tooling and appropriate technologies.
• Analyse pricing data and develop model analytics that evaluate model performance, identify areas for improvement and support calibration activities.
• Support calibration, testing, validation of pricing models and ongoing enhancement.
• Collaborate with Portfolio Management, DAI, the AI Centre of Enablement, Change & Delivery and IT to support integrated business solutions.
• Find opportunities to improve pricing capabilities, operational practices and underwriting outcomes through better use of data, analytics and technology.
• Use AI-enabled tools and modern ways of working to improve productivity, insight generation and delivery effectiveness.
• Provide knowledge sharing, best practice development and the support of graduates and junior colleagues where appropriate.

Skills

Pricing modeling

Analytical thinking

Coding (Python)

Stakeholder engagement

Clear communication

Growth mindset

Team collaboration

Tools

Hyperexponential HX

Job description

Markel International is seeking a Pricing Transformation Actuary to develop and enhance pricing models that support underwriting decisions across its portfolios. You will collaborate with underwriters, actuarial specialists and pricing change experts to deliver practical, data-driven pricing solutions using Hyperexponential HX and related tools.

This hands-on role offers exposure to pricing, analytics, technology and business engagement, with increasing ownership of key models and transformation