Senior Pricing Actuary

SPE Travelers Management, LTD; London; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading company in the insurance sector is seeking a skilled Business Unit Actuary for its Marine and Aviation division. You will play a key role in case pricing and business planning, leveraging your actuarial expertise and mentoring capabilities. This position offers flexible hybrid arrangements, competitive benefits including medical insurance, retirement contributions, and generous holiday options.

Benefits

Medical insurance, with options for dependents.

Retirement contributions, including company match.

Minimum 25 days holiday, up to 35 with purchase options.

Wellness programs and mental health resources.

Volunteer and community engagement programs.

Qualifications

• Preferably a qualified actuary with strong London Market experience.
• Management experience preferred.
• Quantitative analysis experience essential.

Responsibilities

• Price large risks based on historical data.
• Engage in business planning, estimating loss ratios.
• Lead and review analytical work, translating business needs into solutions.

Skills

Analytical skills

Statistical skills

Programming in R

Programming in Python

Communication skills

Education

Degree in STEM (2:1 or above)

Bachelor's Degree

Job description

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Description

This is an analytic leadership role responsible for actuarial support for the Marine and Aviation business unit.

Travelers boasts a strong actuarial community involved in pricing, portfolio management, capital modelling, and R&D. We are creating new opportunities for skilled Actuaries to shape our future.

As a Business Unit Actuary, you will handle case pricing, business planning, pricing models, and portfolio management for Marine and Aviation. You should be an experienced (preferably qualified) Actuary with strong London Market experience, mentoring junior team members and supporting professional development.

Travelers Europe offers flexible hybrid work arrangements: three days in-office and two days remote, subject to policy changes.

What Will You Do?

• Price large risks based on historical data.
• Engage in business planning, estimating loss ratios, building profit and loss models, and recommending underwriting actions.
• Manage exposure-based pricing models and collaborate with underwriters to build confidence in these models.
• Segment books of business to monitor profitability and guide underwriters.
• Utilize R and Python for data analysis.
• Build relationships with underwriters to act on actuarial insights.
• Improve systems and processes for efficiency.
• Lead and review analytical work, translating business needs into solutions.
• Support European and enterprise initiatives within scope.

Strategy

• Assess and influence strategic options, communicate with senior leaders.
• Complete strategic initiatives and projects effectively.
• Identify process improvements and innovations.
• Lead unit-specific and cross-unit initiatives as appropriate.

Talent

• Manage talent acquisition, retention, and development.
• Implement talent development and performance goals.
• Mentor less experienced staff.
• Support training and recruitment efforts.

Candidate Requirements

• Degree in STEM (2:1 or above).
• Programming skills in R/Python or similar.
• Preferably a qualified actuary.
• Strong insurance industry knowledge, especially London Market.
• Proven analytical and statistical skills.
• Management experience preferred.
• Excellent communication and relationship skills.
• Ability to simplify complex information.

Must Have

• Bachelor's Degree.
• Quantitative analysis experience.

What Is in It for You?

• Medical insurance, with options for dependents.
• Retirement contributions, including company match.
• Minimum 25 days holiday, up to 35 with purchase options.
• Wellness programs and mental health resources.
• Volunteer and community engagement programs.

Employment Practices

Travelers is an equal opportunity employer, valuing diversity and inclusion.

If you have questions about physical requirements, please contact us. We reserve the right to fill this position at a different level. For more benefits info, visit our website.