Pricing Actuary in Slough

Atrium is a leading (re)insurance group at Lloyd's, the world's specialist insurance market. With a proud history going back to the 1930s, we protect our clients around the world from the risks they face.

We manage Syndicate 609, one of the oldest syndicates at Lloyd’s, and Syndicate 2026 which launched at 1/1. Our longevity reflects the strength of our underwriting discipline, the depth of our relationships, and our ability to adapt to the evolving needs of our clients and the wider insurance marketplace.

Atrium is ranked as one of the top-performing Lloyd’s Syndicates of the past decade, measured by high profitability and low volatility, achieving substantial growth whilst generating value for the Group.

Atrium offers all permanent employees the chance to work flexibly through our charter for flexible working - we actively invite applications from candidates requiring any form of flexible working arrangements.

Role

• Work closely with underwriting teams to provide support to underwriters in maintaining existing pricing tools, including providing periodic updates where these are needed to remain up to date, or extensions/changes to existing tools to improve usefulness.
• Develop new pricing tools where needed; for example new accounts or sections of accounts or where an existing account may benefit from a pricing tool.
• Ensure an effective roll out of tools provided to underwriters and ensure that tools are effectively embedded within teams on an ongoing basis.
• Carry out individual risk pricing where requested by class underwriter or Syndicate Active Underwriter.
• Develop awareness of actuarial pricing support available so that underwriters continue to develop and enhance the actuarial pricing offering.
• Bring experience to suggest and implement tangible improvements to current pricing practices.
• Support underwriting teams in developing pricing methodology documents that reflect current practices and helping teams improve these to the best methodologies possible.
• Ensure an appropriate level of peer review and documentation of pricing work in line with current actuarial standards.
• Support Atrium’s compliance with external regulations including Lloyd’s Principles for Doing Business relevant to pricing.
• Provide support to Atrium’s second line oversight when requested by Agency or senior Underwriting staff – commonly by providing a one-off pricing review on individual contracts.
• Provide mentoring and support to junior members of the pricing team.
• Assist members of the team with offering further career development.
• Assist with business planning work for individual classes and ensure that pricing activities feed into and are consistent with this work where relevant.
• Provide support cross-team to ensure knowledge from pricing activities is adequately reflected in other activities (e.g. reserving and capital modelling assumptions) aiming for a consistency of approach across the team.
• Support the roll out of new pricing platform in the future as needed.
• Enhance existing analytics, working closely with underwriting and data functions.

Required skills

• FIA or equivalent, or close to achieving FIA.
• Highly numerate with financial awareness.
• A thorough understanding of the classes of business transacted by the organization.
• Good judgement skills regarding task prioritisation, delegation and resource allocation.
• Able to take responsibility for own competence and address requirements in a timely manner.
• Good IT skills and in particular, good knowledge of Microsoft Excel and dedicated Actuarial software. Knowledge of pricing platforms is useful but not essential.
• A good understanding of Lloyd’s and a knowledge of issues affecting the insurance market.
• Good mentoring skills. Ability to motivate and work well with team members.

At Atrium, we embrace diversity and inclusion and value the different perspectives and contributions of every individual. We believe that diversity fuels our business and benefits our employees, partners, and the community.

We are committed to developing a diverse talent pool at every level. Our people are at the heart of our business, which is why we value the diversity of thought and talent of our colleagues, and we are committed to supporting and celebrating difference.

Atrium is an equal opportunity employer and considers applicants for all positions without discrimination or regard to characteristics. We welcome applications from all individuals, regardless of race, ethnicity, nationality, religion, gender, gender identity, sexual orientation, age, disability, marital status, or any other protected characteristic.

We are committed to fostering a culture of respect in which everyone feels they belong and has the same opportunities to progress in their careers.