Senior Pricing Analyst (Actuarial)

Chaucer Group; London; On-site; GBP 45,000 - 80,000; Full time

Job summary

A leading insurance group seeks a Senior Pricing Analyst to provide actuarial pricing support for its Casualty portfolio. This role is pivotal in client-facing activities, including broker negotiations and the development of innovative pricing capabilities. The ideal candidate will possess strong technical pricing skills, along with excellent communication and commercial awareness. You will work closely with the underwriting team, contributing to portfolio analyses and new pricing techniques. Join a dynamic team in a forward-thinking company that values diversity and offers flexible working arrangements, making a significant impact in the insurance industry.

Benefits

Flexible working arrangements

Diversity and inclusion initiatives

Professional development opportunities

Qualifications

• Strong technical pricing skills and experience in general insurance pricing.
• Ability to collaborate and support broker negotiations effectively.

Responsibilities

• Develop a deep understanding of Casualty classes and underwriting strategies.
• Provide pricing support for broker negotiations and account pricing.
• Monitor portfolio performance and contribute to new MI ideas.

Skills

Actuarial pricing support

Strong communication skills

Commercial awareness

Excel

VBA

R

Python

SQL

PowerBI

Education

2.1 or 1st degree in Maths or related subject

3 or more strong ‘A’ levels including Maths

Progress towards FIA qualification

Tools

Excel

PowerBI

SQL

Job description

The Senior Pricing Analyst will provide Actuarial pricing support primarily for Chaucer’s Casualty portfolio (with a focus upon account pricing, benchmark rate reviews, and portfolio analyses). The role will be strongly client-facing, incorporating support for broker negotiations, pricing support for insureds, and involve developing new pricing capabilities. The Senior Pricing Analyst will also provide pricing support for other classes as required including Political Risk and Credit, and other classes within the insurance, reinsurance, and Partnership / Innovation divisions.

The successful applicant will have strong technical pricing skills. The Senior Pricing Analyst will have strong communication skills and commercial awareness in order to provide effective broker and client support.

The Senior Pricing Analyst will be located within the Actuarial pricing team in London and work directly with the underwriting team under the guidance of the Insurance Pricing Manager.

Responsibilities

1. Development of a deep understanding of the Casualty classes, trends, and underwriting team strategy.
2. Account pricing and underwriter support for broker negotiations.
3. Ongoing portfolio monitoring for accounts and overall portfolio.
4. Contributing ideas for new MI.
5. Support the collection and maintenance of pricing data.
6. Keep abreast of industry initiatives and develop new pricing/visualisation techniques and best practices where opportunities arise.
7. Collaborate, present, and share knowledge with the wider Actuarial team on pricing approaches.
8. Assistance for other pricing team activities as required.

Our Requirements

1. General insurance pricing experience.
2. Experience in pricing delegated business.

Technical Skills

1. Strong IT skills, including comprehensive knowledge of Excel and VBA.
2. R or Python.
3. SQL.
4. Experience in building and using dashboards in PowerBI.

Education & Experience

1. 2.1 or 1st degree in Maths or a Maths-related subject (e.g. Physics, Engineering, Statistics).
2. 3 or more strong ‘A’ levels, including Maths.
3. Making good progress towards FIA qualification or equivalent.

Personal Skills

1. Self-motivated.
2. Hard working and committed.
3. Professionally presented.
4. Organised and clear thinking.
5. Flexible and adaptable.
6. Ability to plan, organise work and multitask to meet targets and deadlines.
7. Able to collaborate, work as a team, and communicate with staff at all levels.

About Us

Chaucer is a leading insurance group at Lloyd’s, the world’s specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers, and property groups.

Our headquarters are in London, and we have international offices in Bermuda, Copenhagen, Dubai, and Singapore to be closer to our clients across the world. To learn more about us please visit our website.

Chaucer is committed to diversity, actively values difference, and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) as a result of the Equal Treatment Directive 2006 (EU legislation). A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture. We recruit from the widest available pool of talent, and our hiring, assessment, and selection process is fair, free from bias, and one which ensures we select the right person for the job, based on merit. We are committed to promoting a culture that actively values difference, and recognises that everyone has the right to be treated with dignity and respect throughout their employment.

We are open to considering flexible working arrangements for all roles and encourage you to outline your needs during the interview process.

About Chaucer

Chaucer is a leading specialty (re)insurance group working with brokers, coverholders, and clients to protect and support business activities around the world. Our services are accessed both through Lloyd’s of London and the company markets.

We are defined by an enterprising, bespoke approach to (re)insurance, enabled by the individual character, experience, and imagination of our expert teams.

Chaucer is a member of the China Re Group and backed by their financial and operational resources. China Re is one of the world’s largest reinsurance companies whose outstanding and comprehensive strength is rated A (excellent) by AM Best and A (strong) by S&P Global Rating.