Pricing Actuary
2 days ago
This job is with Beazley, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.
GeneralJob description and person specification
Job Title: Pricing Actuary
Key Responsibilities:
Technical
- Provide pricing and analytics support to the various underwriting teams at Beazley; pricing support includes (as required):
- Developing pricing tools that support the estimation of price adequacy and rate change
- Performing portfolio and transactional pricing analyses
- Performing segmental (e.g. COB/stat, risk code, new/renewal) and trend analyses
- Performance monitoring (e.g. rate change and price adequacy metrics)
- Ceded reinsurance pricing
- Develop, maintain and review pricing models to the required standards
- Produce the relevant monthly/quarterly reports required by the Underwriting Committee
- Provide training to underwriters in pricing; this includes the benchmarking and rate change requirements
- Understand and support the underwriting controls related to pricing and the Lloyd's minimum underwriting standards
- Understand and apply the pricing quality assurance process
- Work with the underwriters, claims managers, Data Management and Ceded Reinsurance to ensure the quality and appropriateness of the data used for pricing; ensure the necessary data is captured from pricing tools to enhance future pricing capabilities
- Maintain pricing model documentation with required frequency, obtaining the appropriate managerial sign-offs
- Assist in other projects undertaken by the actuarial team e.g. liability transfer valuations and business planning analyses
- Build and maintain constructive working arrangements with those groups identified as being key to your role
- Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives
- Build your technical pricing skills and experience
- Provide support and mentoring to the junior members of the team
- Keep abreast of industry best practice, new initiatives and changes in regulatory requirements
- Identify opportunities and contribute to delivering improvements in the pricing processes and methodologies
- Undertake professional, technical and career development training (delivered internally and externally); this includes pursuing the actuarial qualification where applicable
General
At Beazley we are committed to doing the right thing because it is the right thing to do. It is important that within all your interactions both internally and externally you adhere to this principle through adoption of Beazley’s core values and behaviours – PIED and Being Beazley.
- Adopt the Beazley culture of Professionalism, Integrity, Effectiveness and Dynamic that contributes to an internal environment of teamwork and promote a positive brand image and experience to our external customers.
- Comply with Beazley procedures, policies and regulations including the code of conduct. Undertake training on Beazley policies and procedures as delivered by your line manager, the Talent Management development or assurance teams (compliance, risk, internal audit) either directly, via e-learning or the learning management system.
- Display business ethics that uphold the interests of all our customers.
- Ensure all interactions with customers are focused on delivering a fair outcome, including having the right products for their needs.
- Comply with any specific responsibilities necessary for your role as outlined by your line manager, the Talent Management or assurance teams (compliance, risk, internal audit) and ensure you keep up to date with developments in these areas. This may include, amongst others, Beazley’s underwriting control standards, Beazley’s claims control standards, other Beazley standards and customer relationship management.
- Carry out additional responsibilities as individually notified, either through your objectives or through the learning management system. These may include membership of any Beazley committees or working groups.
Personal Specification:
Education and Qualifications
- University degree in Mathematics or related field
- Actuarial qualification
Skills and Abilities
- General commercial and financial knowledge
- Competent user of MS Excel; VBA, Access, SQL and R skills desirable
- Strong analytical skills with attention to detail; accurate and numerate
- Able to communicate effectively both verbally and in writing
- Team worker as well as able to work on own initiative
- Ability to manage time, meet deadlines and prioritise
Knowledge and Experience
- Pricing experience; Lloyd’s / London market knowledge desirable
- Firm grasp of actuarial / statistical techniques used in pricing
- Understanding of reinsurance and capital with application to pricing
Aptitude and Disposition
- Outcome focused, self-motivated, flexible and enthusiastic
- Professional approach to successfully interact with team members, internal and external stakeholders
Competencies
- Achievement and solution focused
- Analytical
- Information seeking
- Stakeholder focus
- Using initiative
- Having integrity
- Taking responsibility
- Being reliable
- Attention to detail
-
Pricing Actuary
1 month ago
London,, UK, United Kingdom Eames Consulting Full timePricing Actuary Looking for someone who is looking to step up in their actuarial career and to interested in creating an impact on the business, working in a dynamic and stimulating environment. You will join the Commercial Lines Pricing Team where you will support underwriters in pricing risks and managing portfolios. You will be working closely with...
-
Reinsurance Pricing Actuary
2 months ago
London,, UK, United Kingdom Sellick Partnership Full timePricing Actuary sought by a globally renowned insurance broker. Our client are looking for an experienced reinsurance Pricing analyst with a good balance of technical and stakeholder management skills to join their Retro Property Pricing team as a Pricing Actuary.Due to exceptional growth in their Retro Property books, our client are currently expanding...
-
Pricing Actuary
1 month ago
London, UK, United Kingdom HFG Full timeWe have partnered with a fast-growing syndicate to assist them in finding a Nearly Newly Pricing Actuary. This role includes but not limited to: Enhancing the syndicate's pricing function, working closely with underwriting teams. Exposure to all lines of business as well as reinsurance. Developing and maintaining technical pricing models, ensuring they...
-
Actuarial Pricing Analyst
2 months ago
London, UK, UK, United Kingdom HFG Insurance Recruitment Full timeWe have partnered with a market leading global Re/Insurer to assist them in finding a Pricing Analyst. This role involves supporting the Lead Actuary with actuarial pricing activities, working closely with underwriting teams, and contributing to various group functions related to pricing, business planning, and actuarial tasks. Key responsibilities...
-
Pricing Actuary
2 weeks ago
London,, UK, United Kingdom The Emerald Group Ltd, Search and Selection Full timeYour key responsibilitiesManage to completion the technical delivery and reporting for projects (primarily pricing focused supporting their clients on BAU and transformational pricing activities) whilst providing insights to their clients and working with other teamsDevelop and support people through effectively supervising, coaching and mentoringLead...
-
Pricing Actuary
2 weeks ago
London,, UK, United Kingdom HAYS Full timeYour new company Global Reinsurer (confidential).Your new role This a fantastic opportunity for an experienced pricing actuary (or by experience), to manage the company’s Cyber class of business, where you will work independently on individual pricing assessments of large risks and binder reviews, including clear communication of results to the...
-
Senior Pricing Actuary
1 month ago
London,, UK, United Kingdom Vallum Associates Full timeSenior Pricing Actuary – Pricing – London – Hybrid - Paying up to £95,000My client is a Lloyd's Market Syndicate who are looking for a Senior Pricing Actuary. This position is based in London with the option to work remotely and will be paying up to £95,000!!!Role ResponsibilitiesManage actuarial resourcing to support the underwriting referrals...
-
BPA Pricing Actuary
6 months ago
London, UK, UK, United Kingdom Edgworth Partners Full timeMy client is a market leading Life Insurer with an award winning PRT business. They are looking to hire a db pensions actuary (or BPA Pricing Actuary) to join their team to continue their growth. The team are generalists, so whilst you would join focusing on more technical pricing initially, there is scope to also support on running deals as wellThey work on...
-
Nearly / Newly Pricing Actuary
2 months ago
London,, UK, United Kingdom Bolton Associates Full timeLloyd's market organisation has an opening for a nearly /newly or stopped the exams pricing actuary to support across various both direct and treaty - multi classes. This is a newly created role reporting into the senior pricing actuary. The business is small but with ambitious plans so the opportunity to really be involved in wider actuarial work with...
-
Pricing Actuary
7 days ago
London,, UK, United Kingdom Eames Consulting Full timeOur client is hiring for a Pricing Actuary to join their dynamic team at a leading Lloyd’s syndicate, specializing in property insurance!Key Responsibilities:* Develop and refine pricing models to assess risk and determine competitive premiums* Collaborate with underwriters to support data-driven decision-making* Conduct detailed analysis of market trends...
-
Re/Insurance Pricing Actuary
2 weeks ago
London, UK, UK, United Kingdom HFG Insurance Recruitment Full timeWe have partnered with a highly profitable and growth centric syndicate to find them a Pricing Actuary focusing on both Reinsurance and direct business. This is great opportunity to help the Chief Actuary and Head of pricing expand the offering to a high calibre group of Underwriters through case pricing, building rating tools and portfolio steering. The...
-
Actuarial Manager
7 days ago
London,, UK, United Kingdom Arthur Recruitment Full timeAs an actuarial manager, you will be responsible for overseeing and managing the pricing models and strategies for my clients E-Trade business. In this role, you will collaborate closely with stakeholders across the organisation—such as underwriters, IT teams, business intelligence professionals, and fellow actuaries—to deliver optimal pricing technology...
-
Pricing Actuary
2 weeks ago
London, UK, UK, United Kingdom Clarence George Full timeClarence George is working with a dynamic insurer and consultancy which are looking for adaptive pricing actuaries who have a desire to innovate, get their hands dirty and make a tangible impact. Below are more details on the teams and the candidates they are looking for:Role and Team:Play a pivotal role in the pricing team, collaborating with a...
-
SME Pricing Actuary
7 days ago
London, UK, UK, United Kingdom HFG Insurance Recruitment Full timeWe have partnered with one of the largest global players in Commercial and Specialty Re/Insurance to find them an SME Pricing Manager. This is a great opportunity for someone coming from either a personal lines pricing background to take that step into the London market or someone from the London market to move into an exciting new age of SME business. The...
-
Re/Insurance Pricing Actuary
2 weeks ago
London, UK, UK, United Kingdom HFG Insurance Recruitment Full timeWe have partnered with a highly profitable and growth centric syndicate to find them a Pricing Actuary focusing on both Reinsurance and direct business. This is great opportunity to help the Chief Actuary and Head of pricing expand the offering to a high calibre group of Underwriters through case pricing, building rating tools and portfolio steering. The...
-
Commercial Pricing Actuary
1 month ago
London,, UK, United Kingdom Ki Insurance Full timeWho are we?Ki is the biggest global insurance tech company you’ve never heard of, unless you’ve been looking to insure a satellite, wind farm or music festival recently.Having written over $877m in gross written premium in 2023, we’ve achieved significant growth since our beginnings in 2021. Our investors were excited about the fact we were...
-
Pricing Actuary
1 month ago
London,, UK, United Kingdom Acumen Group Full timeAcumen have partnered with a leading reinsurance company who are looking to add a Senior Actuary to their high-performing and growing team. They are looking for an actuary with strong inter-personal skills who has prior experience within the Lloyds / London Market in the Pricing space.The role will encompass a broad range of business lines and the...
-
Pricing Actuary
7 days ago
London,, UK, United Kingdom Arthur Recruitment Full timeArthur is supporting a speciality insurance provider that operates within the Lloyds Market. The focus is P&C lines, however they also underwrite business globally across marine, aviation, and other high-risk sectors.This role offers the chance to be a key player in transforming the pricing function, and as the Pricing Lead, you will drive the execution of...
-
Senior Pricing Actuary
2 weeks ago
London, UK, United Kingdom CER Financial Full timeWe are looking for an ambitious and enthusiastic candidate with good numerical skills and analytical abilities to support the Pricing area and lead projects to improve pricing using new sources of external and internal data. This person would also take on a leading role with other seniors in the team in coming up with rate change proposals in existing...
-
Senior Actuarial Pricing Analyst
7 days ago
London, UK, UK, United Kingdom HFG Insurance Recruitment Full timeWe have partnered with a highly profitable, growing Lloyd's business to find them a highly skilled Senior Actuarial Analyst to join their dynamic team. This exciting role offers a unique opportunity to work closely with experienced underwriters and contribute to real-time decision-making in a fast-paced environment. This role includes but not limited...