At a Glance
- Tasks: Design and enhance pricing models for the Property portfolio, collaborating with underwriters.
- Company: Leading Lloyd's market insurer with a focus on innovation and growth.
- Benefits: Competitive salary, professional development, and opportunities for influence in strategic decisions.
- Other info: Collaborative environment with opportunities to mentor and develop your career.
- Why this job: Join a dynamic team and make a real impact on pricing strategies and portfolio performance.
- Qualifications: FIA qualification, experience in Commercial Property pricing, and strong technical skills in Python, R, or SQL.
The predicted salary is between 80000 - 100000 £ per year.
Overview
Arthur is delighted to be supporting one of the leading Lloyd's market insurers who are seeking an experienced pricing actuary to join a growing Property team.
This role is focused on developing pricing capability across the Property portfolio, working closely with underwriters to improve pricing sophistication, portfolio performance and risk selection.
You'll play a key role in designing and enhancing pricing models, supporting underwriting decisions and contributing to wider portfolio optimisation and capital allocation initiatives.
The role offers broad exposure across underwriting, exposure management, capital and reserving, making it well suited to someone who enjoys working closely with the business.
Key Responsibilities
- Design, develop and maintain pricing models across the Property portfolio.
- Partner with underwriters to understand products, define rating structures and develop practical pricing tools.
- Identify and utilise internal and external data sources to improve pricing accuracy.
- Develop and maintain pricing templates and models for underwriting teams.
- Support the implementation and ongoing development of pricing software and tools.
- Work closely with Exposure Management to monitor portfolio accumulations and catastrophe exposures.
- Help develop the business's view of risk across both modelled and non-modelled perils.
- Act as the subject matter expert for pricing models, providing technical support and enhancing tools where required.
- Monitor pricing performance through metrics such as pricing adequacy and risk‑adjusted returns, identifying opportunities for improvement.
- Develop management information to highlight portfolio trends and underperforming segments.
- Contribute to portfolio optimisation, business planning and capital allocation initiatives.
- Work collaboratively across pricing, reserving and capital to ensure a consistent view of portfolio performance.
- Support regulatory requirements relating to pricing where required.
About You
- FIA qualification (or equivalent).
- Experience pricing Commercial Property business, ideally within the Lloyd's or London Market.
- Strong technical skills, including Python, R and/or SQL.
- Experience with HX pricing software would be beneficial but isn't essential.
- Previous experience managing or mentoring others would be an advantage.
- The ability to build strong relationships with underwriters and communicate technical concepts clearly.
- A commercial mindset with an interest in improving portfolio performance through better pricing and analytics.
Why This Role?
This is an opportunity to join a well‑established actuarial function in a role with genuine influence across the underwriting business.
You'll work closely with senior stakeholders, contribute to strategic portfolio decisions and play an important part in the continued development of pricing capability across the Property portfolio.
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Lead Pricing Actuary - Property employer: Arthur
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StudySmarter Expert Advice🤫
We think this is how you could land Lead Pricing Actuary - Property
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Arthur). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Arthur. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Lead Pricing Actuary - Property
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Arthur.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Arthur. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Arthur
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Arthur to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Arthur, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Arthur's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
