Assistant Pricing Actuary

Birmingham Full-Time No home office possible

Job Title: Assistant Pricing Actuary

Division: Finance – Actuarial

Key Relationships: Underwriters and business managers, Beazley actuaries, claims managers, Data Management, software developers and Ceded Reinsurance teams, Lloyd’s, external actuaries and auditors.

Job Summary: Actuarial pricing for various lines of business at Beazley.

Key Responsibilities:

Technical

Provide pricing and analytics support to the various underwriting teams at Beazley; pricing support includes (as required):

Developing pricing tools that support the estimation of price adequacy and rate change
Performing portfolio and transactional pricing analyses
Performing segmental (e.g. COB/stat, risk code, new/renewal) and trend analyses
Performance monitoring (e.g. rate change and price adequacy metrics)
Reinsurance pricing
Develop, maintain and review pricing models to the required standards

Produce the relevant monthly/quarterly reports required by the Underwriting Committee

Understand and support the underwriting controls related to pricing and the Lloyd\’s Oversight Principles

Work with the underwriters, claims managers, Data Management and Ceded Reinsurance to ensure the quality and appropriateness of the data used for pricing; ensure the necessary data is captured from pricing tools to enhance future pricing capabilities

Maintain pricing model documentation with required frequency, obtaining the appropriate managerial sign-offs

Assist in other projects undertaken by the actuarial team e.g. liability transfer valuations and business planning analyses

Build and maintain constructive working arrangements with those groups identified as being key to your role

Operate as an effective team member by supporting colleagues and contributing in the delivery and achievement of overall team and business objectives

Build your technical pricing skills and experience

Contribute to improving the pricing processes and methodologies

Undertake professional, technical and career development training (delivered internally and externally); this includes pursuing the actuarial qualification where applicable

Personal Specification:

Education and Qualifications:

University degree in Mathematics or related field
Progress towards an actuarial qualification

Skills and Abilities:

General commercial and financial knowledge
Competent user of MS Excel; VBA, Access, Python, Hyperexponential, SQL and R skills desirable
Strong analytical skills with attention to detail; accurate and numerate
Able to communicate effectively both verbally and in writing
Team worker as well as able to work on own initiative
Ability to manage time, meet deadlines and prioritise

Knowledge and Experience:

Building pricing experience; Lloyd’s / London market knowledge desirable
Grasp of actuarial / statistical techniques used in pricing
Building understanding of reinsurance and capital with application to pricing

Aptitude and Disposition:

Outcome focused, self-motivated, flexible and enthusiastic
Professional approach to successfully interact with team members, internal and external stakeholders

Competencies:

Achievement and solution focused
Analytical
Information seeking
Stakeholder focus
Using initiative
Having integrity
Taking responsibility
Being reliable
Attention to detail

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Contact Detail:

Beazley Recruiting Team

View Beazley Profile

Assistant Pricing Actuary

Birmingham

Full-Time

Application deadline: 2027-04-19
Beazley

View Beazley Profile

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