Senior Pricing Actuary - Commercial Reinsurance

Selby Jennings
London
1 year ago
Applications closed

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Lead Pricing Data Scientist

Our client is a reputable US-based insurer with well-established roots in London, operating through a number of Lloyd's of London syndicates that offer tailored and efficient (re)insurance solutions across robust and varied business classes, ranging from broadly available to exclusive and niche products.

They have seen tremendous return from their investments into their technology, machine learning, and AI, improving the accuracy of their modelling, the quality of their market data and ability to process/analyse large data-sets, as well as their efficiency and timeliness in generating and adapting pricing strategies. This has allowed them to enhance their competitiveness, increase profitability, and accelerate the growth of their products, both new and existing, and the wider business, while maintaining their reputation for quality and a positive, people-driven culture.

They place great value on their people, aiming to attract and retain the best minds in the (re)insurance sector, affording their staff with flexibility and promoting a healthy work-life balance, and emphasising a long-term platform for technical and professional development, through consistent access to support, advanced trainings and continued learning.

They are actively seeking to grow their Commercial Reinsurance team in London, in line with the increasing demand they have seen for this business. As a Senior Pricing Actuary, you will report directly to their Head of Pricing, seeing the opportunity both to receive hands-on mentorship from the group's leadership and to provide this to their more-junior staff, in a positive working environment that promotes collaboration, innnovation, and inclusion.

Key Responsibilities:

  • Analyse and interpret appropriate risk-related data across a variety of commercial reinsurance products.
  • Generate and adapt pricing strategies for both new and existing products/premiums.
  • Collaborate with underwriting staff to assess risk and develop tailored pricing solutions.
  • Monitor market trends and competitor strategies to inform pricing decisions and adjustments.
  • Offer mentorship and training to junior actuaries and analysts.
  • Present and justify findings to provide higher-level recommendations to senior management and stakeholders.
  • Ensure compliance with regulatory requirements and industry standards.

Role Requirements:

  • Minimum of a Bachelor's in a Numerate/Quantitative field.
  • Fellow of the Institute and Faculty of Actuaries (FIA) or equivalent.
  • 5+ years of experience in pricing for GI reinsurance and/or commercial lines.
  • Proficient with relevant actuarial software, programming and data analysis tools.
  • Strong communication and presentation skills.
  • Prior leadership and team management experience considered as beneficial.

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