Underwriting Pricing Risk Manager

HFG; City Of London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a strategic Underwriting and Pricing Risk Manager to enhance their Group Risk & Compliance function. This pivotal role involves providing second-line oversight of underwriting and pricing risks, ensuring effective model risk management, and supporting ORSA processes. The ideal candidate will be a qualified or part-qualified actuary or a financial risk professional with relevant experience in general insurance, particularly within a Solvency II and PRA-regulated environment. Join this dynamic firm to make a significant impact on their risk management strategies and contribute to a forward-looking approach in the industry.

Qualifications

• Experience in general insurance and financial risk management.
• Strong understanding of Solvency II and PRA regulations.

Responsibilities

• Provide oversight and assurance of underwriting and pricing risks.
• Support the Risk Management Framework and ORSA processes.
• Liaise with Finance and Actuarial functions for risk oversight.

Skills

Underwriting Risk Management

Pricing Risk Management

Model Risk Management

Financial Risk Assessment

Regulatory Compliance (Solvency II, PRA)

Education

Qualified Actuary

Part-Qualified Actuary

Degree in Finance or Actuarial Science

Job description

We are working with a leading general insurance group to recruit an Underwriting and Pricing Risk Manager to support their Group Risk & Compliance function. Reporting to the Head of Financial Risk, this newly created role will play a key part in providing 2nd line oversight of underwriting and pricing risks across the business, with a focus on embedding effective model risk management and supporting the delivery of ORSA processes. Key Responsibilities include but are not limited to:

• Providing 2nd line oversight and assurance of underwriting and pricing risks, including deep dive reviews, policy updates, and risk event reporting.

• Supporting the application of the Risk Management Framework to identify, assess, and monitor material risks within underwriting and pricing functions.

• Assisting in the design and delivery of group-wide ORSA processes and stress testing.

• Helping to embed and oversee the Group's Model Risk Management Framework, with particular focus on underwriting and pricing models.

• Liaising with the wider Finance and Actuarial functions to support oversight of reinsurance and investment strategies.

• Attending and contributing to relevant governance forums such as Underwriting and Pricing Committees.

This is a fantastic opportunity for a qualified or part-qualified actuary, or a financial risk professional with relevant experience, to take on a strategic oversight role in a dynamic and forward-looking environment. Prior experience in general insurance within a Solvency II and PRA-regulated setting is highly desirable. Apply below to learn more.