Senior Pricing Analyst (8 Mth FTC) in London

This is an opportunity to join Ascot Group - one of the world’s preeminent specialty risk underwriting organizations.

Designed as a modern-era company operating through an ecosystem of interconnected global operating platforms, we’re bound by a common mission and purpose: One Ascot. Our greatest strength is a talented team who flourish in a collaborative, inclusive, and entrepreneurial culture, steeped in underwriting excellence, integrity, and a passion to find a better way, The Ascot Way.

The Ascot Way guides our people and our organization. Our underwriting platforms collaborate to find creative ways to deploy our capital in a true cross-product and cross-platform approach. These platforms work as one, deploying our capital creatively through our unique Fusion Model: Client Centric, Risk Centric, Technology Centric.

Built to be resilient, Ascot maximizes client financial security while delivering bespoke products and world class service — both pre- and post-claims. Ascot exists to solve for our clients’ brightest tomorrow, through agility, collaboration, resilience, and discipline.

Job Purpose:

Ascot's pricing function has grown significantly since its establishment in 2020, with more recent focus on a London-wide multi-year pricing transformation project. With continued investment in pricing, Ascot is now seeking another analyst to join the team.

The position entails supporting the ongoing pricing transformation project and providing actuarial pricing assistance to various underwriting teams. The pricing team collaboratively contributes to Ascot's actuarial function objectives, reporting to the syndicate Chief Actuary and closely collaborating with wider group pricing functions.

Detailed Duties:

The role of the successful candidate may include the following;

Advancing the Pricing Transformation project:

• Transferring existing pricing models from Excel based workbooks into hx Renew, a robust tool which offers underwriting efficiencies and technical capabilities in line with Pricing Framework.

• Developing an understanding of the existing technical pricing models and ensuring they are re-built in Renew in line with established principles and Python best practice to maintain synergies across models prior to implementation.

• Liaising with the software provider to ensure all functionality is working correctly and all efficiencies are benefitted from.

• Ensuring appropriate upkeep of accurate documentation for technical pricing models in the hx Renew system.

• Integrating key data items between hx Renew and any other overlapping data driven systems.

• Testing and validation of model functionality and results within hx Renew.

The ongoing development of the Actuarial Pricing function:

• Developing the Pricing Framework within the Syndicate and contribute to the maintenance of Lloyd’s Pricing Maturity Matrix.

• Establishing an excellent working relationship with underwriting teams across the business to ensure their long-term support for technical pricing concepts and pricing tools.

• Ongoing development, maintenance and cyclical validation of rating tools and pricing capabilities for all classes of business, including model documentation.

• Working with underwriting teams to provide ad-hoc pricing support and individual case pricing in line with best practice actuarial techniques.

• The development of portfolio management reporting to leverage data from Renew to generate new insights across all lines of business.

• Providing relevant Renew support to Underwriting teams across the business.

• Supporting in the preparation of:

  • accurate rate adequacy and rate change reporting, within internal MI and external reporting to Lloyd’s (PMDR).

  • actuarial loss ratios for syndicate business planning, ensuring consistency of assumptions across the actuarial function.

  • relevant policy documents, papers and analysis for committee meetings and external meetings with Lloyd’s and the PRA.

  • the annual Actuarial Function Report, particularly with respect to underwriting opinions.

Other

• Proactive and positive contribution to the (Group) actuarial function with respect to culture and teamwork, contributing to the overarching objectives of the team.

• Identifying and developing synergies within pricing across Ascot entities.

• Demonstrate commitment to personal and team development.

• Identifying opportunities to work more efficiently.

• Attendance at relevant industry workshops and training.

• Liaising with other Ascot functions as necessary, such as IT, MI, Data, Underwriting, Reinsurance and Exposure Management in order to further the objectives of the team.

Skills:

The successful candidate will have/be:

• 2-4 years actuarial experience and desire to pursue IFoA Fellowship.

• Experience of actuarial work principles, ideally from pricing background but not essential.

• Proactive candidate that is able to prioritise and manage own workload.

• Critical thinking skills – problem diagnosis and problem solving.

• Excellent written and oral communication skills.

• Ability to build and maintain positive relationships across functions.

• Microsoft Office skills, particularly in Excel.

• Experience in Python, hx Renew or Power BI is desirable.

• Experience in programming languages such as C#, SQL, VBA or R beneficial but not essential.

• Appetite to learn new software skills, not currently widely used within the business.

Please be aware that Ascot Group’s job opportunities will be posted on our official careers page. All official communication comes from @ascotgroup.com email addresses, if you receive a job offer or recruitment communication from Ascot Group that you suspect might be fraudulent, do not hesitate to contact us directly to verify its legitimacy. We will never ask for payment or sensitive personal information during any stage of the recruitment process. Your privacy and trust are of utmost importance to us, and we strive to ensure that you have a positive experience with Ascot Group.

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