At a Glance
- Tasks: Lead the design and delivery of innovative pricing models for the London Market.
- Company: Dynamic insurance firm focused on transformation and innovation.
- Benefits: Hybrid work, competitive salary, and opportunities for professional growth.
- Other info: Join a team that values creativity and offers excellent career advancement.
- Why this job: Shape the future of pricing in a fast-paced, collaborative environment.
- Qualifications: Experience in pricing, actuarial modelling, and stakeholder management required.
The predicted salary is between 70000 - 90000 £ per year.
We are seeking an experienced Pricing Transformation Actuary to drive the end-to-end delivery of a new, clearly defined rating model system and process for our London Market business. This role will be central to reshaping how pricing models are developed, governed, and deployed across all London Market lines. The successful candidate will combine strong technical pricing expertise with proven transformation leadership, excellent stakeholder management, and the ability to navigate complexity in a highly matrixed environment. This is a hands-on delivery role requiring ownership, pace, and clarity.
Key Responsibilities
- Pricing Model & Platform Delivery: Lead the design, build, testing and deployment of a new pricing model framework and supporting platform, including database, reporting capabilities, and UI integration. Coordinate across pricing, underwriting, IT, and data teams to ensure technical accuracy and usability. Ensure the solution is scalable, compliant, and aligned to business strategy.
- Process & Governance Development: Define and implement a robust pricing process covering model development, updates, sign-off, and version control. Establish governance documentation, including RACI, workflow maps, and control frameworks. Drive consistency across lines of business while allowing for appropriate specialty variation.
- Stakeholder Management & Engagement: Partner with key stakeholders, including 4 x London Market Heads of Pricing, Underwriters, IT & Data Engineering, Operations & Change Management. Serve as the subject-matter expert in workshops, decision forums, and steering committees to drive informed decision-making. Translate technical topics into clear, decision-ready materials for senior leaders.
- Change & Adoption: Develop and execute adoption and communication plans alongside the change management team. Ensure underwriters and pricing teams understand and are fully trained on the new model and platform. Monitor adoption success, gather feedback, and iterate where needed.
Required Skills & Experience
- Deep experience in pricing for London Market insurance.
- Strong understanding of actuarial modelling and pricing platforms (Excel-based models, Python, proprietary tools).
- Proven experience in pricing model or technology transformation programmes.
- Familiarity with underwriting processes and data requirements.
- Understanding of regulatory requirements relevant to pricing governance.
- Ability to influence and align senior stakeholders with competing priorities.
- Strong communication skills – capable of simplifying complex issues for executive and non-technical audiences.
- Highly organised, disciplined, and delivery-focused.
Personal Attributes
- Proactive, pragmatic, and comfortable with ambiguity.
- Collaborative partnership style with the confidence to challenge where needed.
- Strong analytical mindset combined with commercial awareness.
- Ability to work at both strategic and hands-on delivery levels.
Pricing Transformation Actuary employer: Hiscox Underwriting Group Services Ltd (HUGS)
As a leading player in the London Market, our company offers an exceptional work environment that fosters innovation and collaboration. Employees benefit from a hybrid working model, competitive remuneration, and comprehensive training programmes that support professional growth. With a strong emphasis on stakeholder engagement and a culture that values diverse perspectives, we empower our team to drive meaningful change in pricing transformation.
Contact Details:
Hiscox Underwriting Group Services Ltd (HUGS) Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Transformation Actuary
✨Tip Number 1
Network like a pro! Reach out to industry contacts on LinkedIn or attend relevant events. We all know that sometimes it’s not just what you know, but who you know that can help you land that Pricing Transformation Actuary role.
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and understanding of pricing models. We recommend practising common interview questions and scenarios related to actuarial modelling and transformation leadership to show you’re the right fit.
✨Tip Number 3
Showcase your stakeholder management skills! Be ready to discuss how you’ve influenced senior stakeholders in past roles. We want to see how you can translate complex topics into clear, decision-ready materials for leaders.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, we love seeing candidates who are proactive about their job search.
We think you need these skills to ace Pricing Transformation Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV speaks directly to the role of Pricing Transformation Actuary. Highlight your experience in pricing for London Market insurance and any transformation programmes you've led. We want to see how your skills align with what we're looking for!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for this role. Share specific examples of your stakeholder management and technical expertise, and don’t forget to show your enthusiasm for joining us at StudySmarter.
Showcase Your Technical Skills:Since this role requires strong actuarial modelling skills, make sure to mention your proficiency with tools like Excel, Python, or any proprietary platforms. We love seeing candidates who can demonstrate their technical prowess clearly and confidently.
Apply Through Our Website:We encourage you to apply through our website for a smoother application process. It helps us keep track of your application and ensures you don’t miss out on any important updates from us. Plus, it’s super easy!
How to prepare for a job interview at Hiscox Underwriting Group Services Ltd (HUGS)
✨Know Your Pricing Models
Make sure you brush up on your knowledge of pricing models, especially those relevant to the London Market. Be ready to discuss your experience with actuarial modelling and any specific tools you've used, like Excel or Python. This will show that you’re not just familiar with the concepts but can also apply them practically.
✨Showcase Your Transformation Experience
Prepare examples from your past roles where you led transformation initiatives. Highlight how you managed the design, build, and deployment of new systems. This is a hands-on delivery role, so demonstrating your ability to drive change effectively will be key.
✨Engage Stakeholders Effectively
Think about how you’ve engaged with stakeholders in previous positions. Be ready to share strategies you’ve used to communicate complex topics clearly to both technical and non-technical audiences. This will illustrate your strong communication skills and your ability to influence decision-making.
✨Be Ready for Change Management Questions
Since this role involves developing adoption plans, prepare to discuss your approach to change management. Think about how you’ve trained teams on new processes or systems and how you’ve gathered feedback to improve those implementations. This will show that you understand the importance of user adoption in successful transformations.
