Senior Pricing Actuary, UKISA (12 Month Fixed Term Contract)

Chubb Ltd.; City Of London; On-site; GBP 150,000 - 200,000; Full time

Job summary

A leading global insurance company is seeking a Senior Pricing Actuary for a 12-month fixed-term contract in London. This role involves collaborating with underwriters to optimize risk selection, develop advanced pricing tools, and mentor junior staff. Ideal candidates are near-qualified actuaries with strong analytical skills and experience in portfolio management. This position offers a dynamic work environment and career growth opportunities.

Qualifications

• Professional actuarial qualification or near qualification required.
• Experience in case pricing and portfolio management.
• Strong loss cost modeling and statistical analysis capabilities.

Responsibilities

• Collaborate with underwriters to assess portfolio performance.
• Lead portfolio reviews and planning.
• Build and calibrate exposure and experience rating engines.
• Monitor and communicate key portfolio trends.
• Engage with reserving and catastrophe modeling teams.
• Mentor junior talent within the pricing team.

Skills

Actuarial expertise

Analytical skills

Commercial acumen

Stakeholder management

Tech savvy

Self-starter attitude

Education

Professional actuarial qualification

Tools

Microsoft Office

Dataiku

Qlik

VBA

R

Radar

ResQ

Python

Job description

Senior Pricing Actuary, UKISA (12 Month Fixed Term Contract)

London, United Kingdom

Job Description

Are you a qualified or nearly qualified Actuary with a passion for portfolio management and pricing? Do you thrive in a dynamic, fast-paced environment where your expertise can make a tangible impact? If so, we have an exceptional opportunity for you to join one of the world's leading property and casualty insurers - CHUBB!

At CHUBB, we don't just offer jobs; we offer careers that empower you to grow, innovate, and make a difference. As part of CHUBB Europe P&C, you'll play a pivotal role in shaping the future of our UK and Ireland (UKI) Property portfolio, which boasts a gross written premium of nearly USD 1 billion.

This is a highly visible and strategic actuarial pricing role, where you'll partner closely with underwriters and senior leaders to drive performance, innovation, and growth. If you're ready to take your career to the next level, we'd love to hear from you!

Why Join Us?

• Global Impact: Be part of a world-renowned insurer with a strong presence across Europe and beyond.
• Strategic Role: Work on high-profile projects that directly influence the success of our UKI Property portfolio.
• Collaborative Environment: Partner with underwriters, senior management, and actuarial teams to deliver meaningful results.
• Career Growth: Take ownership of key initiatives, mentor junior staff, and develop your leadership skills.
• Innovation: Leverage cutting-edge tools and technologies to drive data-driven decision-making.

Your Key Responsibilities:

• Act as a Trusted Partner: Collaborate with UKI Fire and Tech Lines underwriters to assess portfolio performance, optimize risk selection, and develop strategies to enhance underwriting results and grow the book.
• Drive Portfolio Excellence: Lead portfolio reviews, planning, and forecasting to ensure sustainable growth and profitability.
• Develop Advanced Tools: Build and calibrate exposure and experience rating engines to support benchmark rating and case pricing. Ensure tools are tailored to meet the needs of underwriters and stakeholders.
• Deliver Insights: Monitor and communicate key portfolio trends, including renewal rate changes, new business adequacy, inflation impacts, and more, through dashboards and reports.
• Support Risk Management: Lead the parameterization of underwriting risk for UKI Property and contribute to reinsurance submissions and allocations.
• Collaborate Across Teams: Engage with reserving, catastrophe modeling, and other actuarial teams to share knowledge and drive common projects.
• Mentor Junior Talent: Provide guidance and indirect management to junior staff within the Short Tail lines pricing team.

Qualifications

What We're Looking For:

• Actuarial Expertise: Professional actuarial qualification (or close to qualifying) with experience in case pricing and portfolio management.
• Analytical Skills: Strong loss cost modeling and statistical analysis capabilities.
• Commercial Acumen: Knowledge of commercial insurance and catastrophe risk.
• Stakeholder Management: Exceptional communication skills to articulate complex concepts clearly to diverse audiences.
• Tech Savvy: Proficiency in Microsoft Office and familiarity with tools like Dataiku, Qlik, VBA, R, Radar, ResQ, and Python (a plus).
• Self-Starter Attitude: Highly motivated, adaptable, and able to drive projects independently while collaborating with cross-functional teams.