Pricing Actuary (casualty)

Salary
£85000 - £110000 per annum
Location
London
Type
Permanent
Workplace
Hybrid
Published
Jan 24, 2025
Ref
BBBH156375_1737719833
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Pricing Actuary (Casualty) - London

Overview:

We are looking for a highly motivated and driven Pricing Actuary to join our growing team. In this role, you will be responsible for actuarial pricing, working closely with the Head of Pricing and underwriting teams to drive profitability and develop stronger portfolios across the business. You will lead the day-to-day development and maintenance of pricing models for all casualty lines, playing a key role in shaping the future of our pricing function. This is an exciting opportunity to contribute to a team that is set for significant growth, with the potential for future line management responsibilities as the team expands.

Key Responsibilities:

  • Provide pricing and analytics support to casualty underwriting teams, including US Casualty, Healthcare, and Professional Lines.
  • Develop pricing tools to assess price adequacy and rate changes.
  • Perform portfolio and individual case pricing analyses.
  • Review and refine the methodology and assumptions used in casualty pricing.
  • Ensure pricing model documentation remains accurate and up-to-date.
  • Act as a strong ambassador for the pricing team, fostering effective relationships with underwriting teams.
  • Comply with IFoA standards and the PRA/FCA Conduct Standards.
  • Progress toward completion of IFoA professional exams, as applicable.

Experience & Skills:

  • Nearly or newly qualified actuary with pricing experience, ideally in the Lloyd's and/or London market.
  • Strong understanding of actuarial and statistical techniques applied to pricing.
  • Expertise in Excel and VBA is essential.
  • Coding skills in Python, R, or similar languages are a plus.
  • Previous experience in casualty pricing is advantageous.
  • Team player, willing to support colleagues and contribute to achieving team and business objectives.
  • Excellent interpersonal and communication skills, with the ability to translate complex actuarial concepts into business-friendly language.

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