Senior Pricing Actuary - Reinsurance

JR United Kingdom; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a Senior Pricing Actuary to enhance their reinsurance pricing team. This role offers an exciting opportunity to work in a dynamic London/Bermuda market, where you will provide vital technical pricing expertise and collaborate closely with underwriters. Your contributions will directly influence strategic decisions and help drive profitable growth in the underwriting portfolio. If you are a qualified actuary with a strong commercial mindset and experience in the London Market, this position will allow you to thrive in a fast-paced environment while making a significant impact on the company's success.

Qualifications

• Qualified actuary with strong commercial mindset and London Market experience.
• Ability to communicate statistical and actuarial output effectively.

Responsibilities

• Provide actuarial support to underwriters in pricing individual accounts.
• Conduct portfolio analyses to validate pricing assumptions.

Skills

Technical Pricing Expertise

Communication Skills

Analytical Skills

Team Collaboration

Proactive Approach

Education

University degree in Mathematics

Qualified Actuary (FIA or equivalent)

Tools

MS Excel

R

Python

Job description

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Senior Pricing Actuary - Reinsurance, London

Client: Antares

Location: London, United Kingdom

Job Category: Other

EU work permit required: Yes

Job Views: 2

Posted: 13.04.2025

Expiry Date: 28.05.2025

Job Description:

We're looking for a Senior Pricing Actuary to join our reinsurance pricing team. As a key member of the actuarial function, you will provide technical pricing expertise, collaborating closely with underwriters to drive profitable growth. This role offers the opportunity to work in a fast-paced London/Bermuda market environment, influencing strategic decisions and contributing to the success of our underwriting portfolio. If you are a qualified actuary with London Market experience and a strong commercial mindset, we encourage you to apply and be part of our exciting journey.

Knowledge and Qualifications:

• University degree in Mathematics or related field
• Qualified Actuary (FIA or equivalent)
• London/Lloyd’s market experience (desirable)
• General commercial and financial knowledge
• Experienced user of MS Excel
• Coding skills in R or Python an advantage
• Strong technical skills and relevant market knowledge with good experience of pricing techniques for pricing primary, excess of loss and catastrophe insurance/reinsurance products.
• Investigating ability to understand claim trends, impact of legislative and other drivers.
• Ability to communicate effectively both verbally and in writing
• Works well as part of a high performing team, providing support and coaching as well as able to work on own initiative
• Pro-active, takes the initiative and adopts a positive approach to challenges seeking to make improvements.
• Ability to manage time, meet deadlines and prioritise
• Continue to develop and improve own capability including non-technical soft skill aspects.
• Ability to communicate statistical and actuarial output to underwriters using appropriate language
• Strong interpersonal skills

Day to Day Tasks:

• Provide actuarial support to underwriters and their customers in the pricing of individual accounts
• Conduct portfolio analyses and other appropriate actuarial investigations for validating assumptions used in pricing and improving credibility of pricing outputs.
• Contribute to portfolio monitoring and profitability analysis that feed into strategic decision making
• Maintain existing pricing tools and templates
• Work with underwriters and other actuaries in the Group for developing new pricing tools as required by the business
• Peer review of pricing analysis performed by actuaries and underwriters
• Where applicable ensure company, market and client related documentation is issued (internally and externally) accurately and on time
• To operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives