Pricing Actuary (FTC)

Join to apply for the Pricing Actuary (FTC) role at Ascot Group

Ascot Group is 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 Summary

Pricing Transformation Project

• Support the implementation and development of a new Syndicate Pricing Tool to improve underwriting efficiency and meet Lloyd’s pricing standards.
• Learn and use Hx Renew software and Python to build and maintain pricing models independently, following the agreed development plan.
• Work closely with the software provider to ensure the tool functions correctly and delivers expected benefits.
• Understand current pricing models and help rebuild them in Hx Renew, ensuring consistency and accuracy before they go live.
• Create portfolio reports using data from Hx Renew to provide useful insights across different business areas.
• Maintain clear documentation for all pricing models moved into Hx Renew.
• Provide training and support to Underwriting teams to help them use Hx Renew effectively.

Pricing Framework Responsibilities

• Support the development and ongoing upkeep of the Syndicate’s Pricing Framework, while contributing to the maintenance of Lloyd’s Pricing Maturity Matrix.
• Build strong relationships with underwriting teams to encourage long‑term engagement with pricing tools and technical pricing methods.
• Lead the development, maintenance, and regular review of rating tools and pricing models for assigned classes, including technical rating, base rates, relativity analysis, ILFs, rate monitoring, and documentation.
• Provide ad‑hoc pricing support to underwriting teams, including individual case pricing for risks outside standard criteria, using sound actuarial techniques.
• Work with pricing teams across the Ascot Group to align pricing approaches where appropriate.
• Support the Actuarial Function Report by contributing to the Opinion on Underwriting Policy and related analysis, in line with Lloyd’s guidance.
• Collaborate regularly with reserving, capital, and risk teams to ensure pricing reflects emerging trends and experience.

Wider Actuarial Responsibilities

• Provide training and support to junior actuarial team members to help them carry out their responsibilities and contribute to broader team objectives.
• Participate in relevant technical training and attend industry events or seminars to stay current with actuarial developments as needed.
• Support the wider goals of the Ascot Group Actuarial Function by contributing to pricing, reserving, and capital modelling activities as needed.
• Contribute to the business planning process and loss ratio allocations as required.

Other

• Proactive and positive contribution to the pricing, development and wider ERM teams with respect to culture and teamwork, contributing to the overarching objectives of the team.
• Identifying opportunities to work more efficiently.
• Collaborative working style and a team player.
• Microsoft Office skills.
• 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.

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.

Seniority Level

Entry level

Employment Type

Full‑time

Job Function

Finance and Sales

Industries

Insurance