At a Glance
- Tasks: Design and implement pricing models for Property classes in a dynamic insurance environment.
- Company: Join Starr, a rapidly growing global insurance and investment organisation.
- Benefits: Competitive salary, inclusive culture, and top-notch training opportunities.
- Other info: Be part of a diverse team committed to innovation and professional growth.
- Why this job: Make a real impact in the insurance industry while developing your actuarial skills.
- Qualifications: Qualified actuary with experience in Commercial Property and proficiency in Python/R/SQL.
The predicted salary is between 60000 - 80000 £ per year.
Starr is a global insurance and investment organisation providing property and casualty insurance solutions to business and industry. Starr has grown into one of the world’s fastest‑expanding insurance organisations, writing business in 128 countries across six continents. Our talented and experienced associates manage risk and ultimately support the profitable growth of organisations in a dynamic, competitive and ever-changing marketplace. Join us and become part of our talented and passionate workforce.
Role Purpose
The primary focus of the Divisional Actuary is to design and implement pricing models and processes for the syndicate, across Property classes.
Key Responsibilities
- Responsible for designing and implementing pricing models and processes, across Property classes.
- Work with underwriters to define key policy features.
- Identify internal and external data sources.
- Set up pricing templates and models for use by underwriters.
- Assist with the implementation and maintenance of pricing software.
- Work closely with the Exposure Management team to monitor aggregations.
- Assist with forming Starr’s view of risk across modelled and non-modelled perils.
- Act as expert adviser to underwriters using the pricing software, adding bespoke features as required.
- Monitor and report various pricing metrics (e.g. pricing adequacy, RARC etc.).
- Develop MI to identify underperforming segments.
- Significant contribution to portfolio optimisation and capital allocation workstreams.
- Part of feedback loop between annual planning cycle, reserving, pricing and capital.
- Develop strong communication and collaboration with underwriters, capital and reserving.
- Ensure all regulatory requirements from Lloyd’s, PRA, FCA impacting Starr’s pricing function are known and addressed.
- Contribute to AFRs as required.
Qualifications, skills and experience
- Qualified actuary (FIA or equivalent).
- Experience with Commercial Property classes, especially in the London Market.
- Experience with Python/R/SQL.
- Experience with Hx, a plus.
- Prior managerial experience.
Core behavioural competencies
- Analysis and decision making.
- Innovation and problem solving.
- Strategic perspective.
- Commerciality.
- Relationships.
- Communication and influence.
Starr is an equal opportunity employer, which means we will consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic. We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees. We offer first class training and development opportunities to all employees. Our aim is to grow our own talent and bring out the best in people.
Divisional Actuary, Property employer: ERS
Starr is an exceptional employer that fosters a dynamic and inclusive work culture, providing first-class training and development opportunities for its employees. As a Divisional Actuary in the heart of the London Market, you will be part of a rapidly expanding global organisation that values innovation and collaboration, ensuring that your contributions directly impact the success of the business while supporting your professional growth.
