At a Glance
- Tasks: Lead a pricing team and develop innovative pricing models for diverse insurance products.
- Company: Join a respected specialty insurer with a collaborative culture.
- Benefits: Competitive salary, professional development, and opportunities for career growth.
- Other info: Dynamic environment with opportunities for innovation and leadership.
- Why this job: Make a real impact on pricing strategies and shape the future of the insurance industry.
- Qualifications: 8+ years in general insurance actuarial roles, with strong pricing experience preferred.
The predicted salary is between 65000 - 80000 £ per year.
Reporting to: Head of Pricing
Direct Reports: 2 Pricing Actuaries and 2 Pricing Analysts
Employment Type: Permanent
Location: London (St Botolph)
Job Purpose: Oversight of pricing team covering a broad portfolio of Casualty, Financial and Professional Liability lines including Directors & Officers, Professional Indemnity, Cyber, Trade Credit and Surety products, written across TMHCC’s company and Lloyd’s syndicate platforms. The successful candidate will be working closely with underwriters to provide support in areas including, but not limited to, pricing model development, case pricing, modelling underwriting risk and budget analytics.
What you will be doing:
- Lead the pricing oversight and analytical support for a diverse portfolio of Casualty, Financial and Professional Liability products across both company and Lloyd’s syndicate platforms.
- Partner closely with underwriting leadership to influence underwriting strategy, portfolio management and risk selection through robust pricing insight and analytics.
- Lead the development, enhancement and deployment of technical pricing models that integrate effectively into underwriting workflows and support consistent, data‑driven decision making.
- Drive pricing transformation initiatives, including improving pricing infrastructure, enhancing data capture and reporting capabilities, and identifying opportunities to modernise pricing methodologies and processes.
- Deliver case pricing support for large and complex accounts, programmes and facilities, providing clear insight into risk‑adjusted profitability and portfolio impact.
- Perform portfolio monitoring and pricing performance analysis to identify trends, emerging risks and opportunities for underwriting improvement.
- Contribute to business planning and portfolio steering through technical analysis and projections supporting the annual budgeting and forecasting process.
- Support reinsurance strategy and outward reinsurance purchase decisions through pricing analytics, exposure assessment and portfolio modelling.
- Act as a subject matter expert to the capital modelling team, supporting the calibration and review of underwriting risk assumptions, including attritional losses, large losses and catastrophe exposure assumptions.
- Collaborate with Underwriting, Finance, BI/IT, Exposure Management, Reinsurance and Compliance teams to deliver joined‑up analytical solutions and improve management information.
- Support the ongoing development of pricing governance and regulatory compliance, including contributions to: Actuarial Function opinions relating to underwriting and pricing, Lloyd’s Pricing Maturity Matrix assessments, internal pricing standards and controls.
- Lead, mentor and develop a small pricing team, helping to build technical capability, encourage knowledge sharing and support the continued development of pricing best practice.
- Identify opportunities to improve efficiency through automation, enhanced reporting and the use of modern analytical and programming techniques.
What you’ll bring to us:
- Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Computer Science, STEM or related field.
- Qualified as a Fellow of the Institute and Faculty of Actuaries (FIA), Fellow of the Casualty Actuarial Society (FCAS) or similar.
- Typically 8+ years general insurance actuarial experience, including a minimum of 5 years relevant pricing experience in the London Market.
- Strong preference given to candidates with Casualty/FinPro pricing background.
- Commercial awareness and knowledge of the industry, including regulatory frameworks and technical developments affecting the business environment in which TMHCC operates.
Key Skills:
- Strong interpersonal and stakeholder management abilities.
- Excellent written and verbal communications skills (experience drafting formal reports/memos an advantage).
- Advanced MS Excel proficiency.
- Programming aptitude/experience (SQL, VBA, R, Python beneficial).
What We Offer:
- Opportunity to play a highly visible role within a growing and well-regarded specialty insurer.
- Broad exposure across multiple specialty product lines and both company and Lloyd’s platforms.
- Close partnership with experienced underwriting teams and regular interaction with senior underwriting and executive leadership.
- Ability to influence underwriting strategy, pricing sophistication and portfolio performance in a commercially focused environment.
- Opportunity to lead pricing innovation and help shape the future direction of the pricing function.
- Collaborative and agile team structure with genuine opportunity to make an immediate impact.
- Supportive environment that encourages initiative, continuous improvement and professional development.
The Tokio Marine HCC Group of companies is an equal opportunity employer.
Lead Pricing Actuary in London employer: Dormont Manufacturing Co
At Tokio Marine HCC, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London. Our collaborative culture fosters innovation and professional growth, allowing you to lead impactful pricing initiatives while working closely with seasoned underwriting teams. With a commitment to continuous improvement and employee development, we provide a supportive atmosphere where your contributions are valued and recognised.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Pricing Actuary in London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
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Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Dormont Manufacturing Co. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Lead Pricing Actuary in London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Dormont Manufacturing Co.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Dormont Manufacturing Co's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Dormont Manufacturing Co
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Dormont Manufacturing Co.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Dormont Manufacturing Co will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Dormont Manufacturing Co employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
