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    Job title: Senior Pricing Actuary

    Salary: £120,000

    Location: London

    Purpose of role:


    Our client seeks an ambitious and enthusiastic candidate with strong numerical skills and analytical abilities to bolster the Pricing department. The role involves spearheading projects aimed at enhancing pricing through the integration of new external and internal data sources. Additionally, this individual will assume a leadership role alongside other senior team members in formulating rate change proposals within the existing pricing framework.

    Key Responsibilities:


    • Conduct pricing calibrations and oversee pricing models, model governance, pricing strategy, processes, and compliance.
    • Evaluate the need for external pricing software support, collaborating closely with IT to enhance the existing system and integrate pricing changes.
    • Serve as the company’s pricing and data expert, providing a reference point for related matters.
    • Mentor and develop a near-qualified actuary within the Underwriting Management team as part of the Finance team, contributing to pricing work.
    • Expand the current infrastructure to implement cutting-edge pricing and analytics practices throughout the commercial business in alignment with the company’s pricing framework.
    • Analyse the performance of different customer segments to review pricing structures and recommend changes.
    • Assess external and internal data sources for their relevance to insurance pricing, offering recommendations.
    • Design and execute pricing tests to gain insights into customer behaviour, such as elasticity.
    • Create and manage regular reports/dashboards highlighting performance by different segments, providing actionable insights for continuous improvement of the pricing structure.
    • Support the Chief Underwriting Officer (CUO) in establishing product-level benchmark prices and developing underwriting and reinsurance strategies from a pricing perspective.
    • Assist in pricing new products and conducting product fair value assessment reviews.
    • Translate complex analyses into easily understandable information for non-technical audiences, focusing on the material financial impacts of key modelling.
    • Take ownership of pricing risk governance, generating relevant regular reports and ensuring the integration of pricing controls.
    • Communicate results, prepare pricing regulatory returns, and provide Management Information (MI) across the Underwriting and Product Management Committees.


    • Achieved a 2.1 or higher in a quantitative degree such as Mathematics, Engineering, or Economics (or equivalent).
    • Possesses strong numerical skills with exceptional attention to detail.
    • Brings over 5 years of experience in commercial insurance pricing, with additional value placed on personal lines pricing knowledge.
    • Holds qualifications as a fully or partially qualified actuary.
    • Proficient in coding, specifically in Python or similar languages.
    • Demonstrates prior experience in any programming language, with a preference for SAS, SQL, Big Query, or a similar language.
    • Exhibits high motivation and the ability to work independently.
    • Strong communication and interpersonal skills.
    • Proficient in Excel with the capability to establish basic business models.
    • Effectively manages own workload to meet deadlines.
    • Adaptable to changing conditions and priorities.
    • Experienced in setting and integrating pricing controls, handling complex data, and navigating ambiguity.
    • Quick learner with efficient execution skills, adept at identifying crucial aspects, recognizing potential issues, and swiftly implementing solutions.
    • Possesses a keen commercial sense, coupled with a deep understanding of FCA/PRA pricing requirements.

    If you have the relevant experience or know someone that does please contact us now on 0203 411 8430 or email us at admin@lawesgroup.co.uk







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