Senior Actuary - Reinsurance Specialty Pricing

Liberty Specialty Markets; London; On-site; GBP 50,000 - 80,000; Full time

Job summary

A leading company in insurance and reinsurance services is seeking an Actuary/Senior Actuary based in London. This role will involve providing actuarial pricing support and analytics within the Specialty sector, enhancing underwriting decision-making and contributing to strategic business goals. The ideal candidate should be a qualified actuary and possess excellent communication and analytical skills.

Qualifications

• Qualified Actuary with experience in Specialty Reinsurance or Pricing preferred.
• Strong communication skills and ability to manage ownership and timelines.
• Educational qualifications include a numerate degree with A-Level Maths.

Responsibilities

• Perform account pricing and monitor performance.
• Develop underwriter rating tools and lead pricing modernization initiatives.
• Assist in planning exercises and conduct performance analysis.

Skills

Communication

Analytical

Negotiation

Problem Solving

Interpersonal Skills

Technical Understanding

Education

2.1 or better in a numerate/scientific degree

A/A* in A-Level Maths or equivalent

Tools

Excel

SQL

Python

Job description

Country: United Kingdom of Great Britain and Northern Ireland

Creation Date: 29-May-2025

Employment Type: Permanent, Full-time

Ref #: 1234571662

Description & Requirements

Role Title: Actuary / Senior Actuary - LMRe Specialty

Department: Actuarial

Team: LM Re Actuarial

Location: London

About the Role:

The Specialty Metaline remit includes Aviation, Cyber, Credit, Surety, Mortgage, Treaty Personal Accident, and Crisis Management throughout LMRe on a global basis. This role will provide actuarial pricing support and portfolio analytics to improve business performance, growth, and meet strategic goals within the Specialty meta-line Actuarial team. Core responsibilities include case pricing, pricing transformation support, portfolio analytics for strategic decision-making, and planning initiatives.

You will work closely with:

• Underwriting: To enhance underwriting decision-making through account pricing, portfolio analysis, and product development.
• Reserving: To understand reserve drivers, communicate findings, and improve pricing/reserving outputs based on feedback.
• Finance: To coordinate with finance partners and understand business results.

About the Department & Team:

The LMRe Actuarial team evaluates business performance and provides risk-based insights for strategy and risk mitigation. The team covers pricing, business planning, data & analytics, capital management, exposure management, and reinsurance strategy. The team comprises about 20 actuaries globally, supporting underwriters across Latin America, Miami, Bermuda, London, Paris, Madrid, Milan, Amsterdam, and Cologne. The role reports to the Pricing Head of Reinsurance Specialty.

Key Responsibilities:

• Account pricing and performance monitoring.
• Support development of underwriter rating tools, including model maintenance, assumptions, R&D, and portfolio metrics.
• Lead pricing modernization initiatives with online rating platforms.
• Support local and global pricing standards, analytics, and new product initiatives.

Business Planning:

• Assist the Pricing Head in planning exercises.
• Conduct deep dives into performance segmentation to inform financial planning, underwriting appetite, and growth strategies.
• Analyze market landscape to maintain LMRe’s market leadership in Specialty classes.

Adherence to regulatory requirements and demonstrating behaviors aligned with Conduct Risk Policy and Liberty Values are essential.

Skills and Experience:

• Qualified Actuary.
• Experience in Specialty Reinsurance or Pricing preferred.
• Excellent communication skills.
• Ability to manage ownership, timelines, and deliverables effectively.
• Strong interpersonal skills and ability to communicate technical concepts clearly.
• Negotiation, analytical, and decision-making skills.
• Proficiency in Excel, SQL, and an interest in Python.
• Ability to solve technical problems and draw meaningful conclusions.
• Self-motivated with a desire to learn and develop.
• Educational requirements: 2.1 or better in a numerate/scientific degree and A/A* in A-Level Maths or equivalent.

About Liberty Specialty Markets (LSM):

Part of Liberty Mutual Insurance Group, offering global insurance and reinsurance services. We value our people and promote diversity, inclusion, and work-life balance. For more information, visit:

• https://www.libertymutualre.com/careers/working-for-us
• https://www.libertymutualre.com/careers/diversity-inclusion-wellbeing/inclusion-matters-networks