At a Glance
- Tasks: Lead pricing support for Marine & Cargo, providing insights and analysis to underwriters.
- Company: Join a leading global insurer with a strong presence in the London market.
- Benefits: Competitive salary, career development opportunities, and a dynamic work environment.
- Other info: Opportunity to mentor junior talent and influence key business decisions.
- Why this job: Step into a senior role that blends technical expertise with strategic decision-making.
- Qualifications: Qualified Actuary with strong pricing experience in Marine or Cargo insurance.
The predicted salary is between 60000 - 80000 £ per year.
Selby Jennings are partnered with a leading global insurer on the appointment of a Lead Pricing Actuary to support its Marine & Cargo portfolio in London. This is a senior pricing opportunity sitting close to underwriting, with ownership of actuarial support across a key trading division of the business. Acting as the lead actuarial partner to the underwriting team, the successful individual will support case pricing, portfolio analysis, pricing model oversight, business planning, and pricing governance across the Marine & Cargo portfolio.
As the primary actuarial contact for the division, you will work closely with underwriters and senior stakeholders to deliver pricing insight, portfolio analytics, model stewardship, and commercially relevant actuarial challenge to the business. The position combines ownership of pricing delivery with responsibility for model governance, business planning support, and line management of a direct report, alongside broader coordination of actuarial resource aligned to the division. The role offers a blend of technical pricing, underwriting partnership, portfolio management, and leadership, making it particularly attractive for someone looking to step into a broader front-office pricing role rather than remain in a purely technical seat.
Key Responsibilities- Lead actuarial pricing support for the Marine & Cargo portfolio, covering case pricing, portfolio analysis, and ad hoc commercial insight.
- Act as the primary actuarial partner to underwriters, providing pricing challenge, portfolio insight, and support on strategic underwriting decisions.
- Own pricing model oversight for the division, including calibration, model governance, parameter review, and pricing tool stewardship.
- Support business planning and portfolio management activity, including pricing MI, portfolio performance analysis, and identification of underperforming segments.
- Work closely with technical pricing teams to enhance and maintain pricing tools and ensure models remain fit for purpose for the underwriting business.
- Represent pricing in divisional and wider business forums, working closely with stakeholders across underwriting, reserving, capital, finance, and exposure management.
- Support regulatory and governance requirements relevant to pricing activity within the division.
- Manage and develop a direct report, while also helping coordinate broader actuarial resource aligned to the portfolio.
- Qualified Actuary (FIA or equivalent).
- Strong London Market pricing experience, ideally within Marine, Cargo, or wider Specialty lines.
- Experience delivering case pricing, portfolio analysis, and pricing model calibration within a commercial insurance environment.
- Strong understanding of pricing governance, model oversight, and stakeholder management within a trading business.
- Ability to operate as a trusted actuarial partner to underwriters, balancing commercial awareness with independent judgement.
- Prior people management or mentoring experience, with the ability to support and develop junior actuarial talent.
- Strong written and verbal communication skills, with the ability to present to senior stakeholders clearly and credibly.
Lead Pricing Actuary | Marine & Cargo in London employer: Selby Jennings
Selby Jennings is an exceptional employer, offering a dynamic work culture that fosters collaboration and innovation in the heart of London. Employees benefit from extensive growth opportunities, competitive compensation, and a supportive environment that encourages professional development, making it an ideal place for those looking to make a meaningful impact in the finance technology sector.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Pricing Actuary | Marine & Cargo in London
✨Dive Into Industry Networking Events
Get your foot in the door by attending insurance industry events and conferences. Not only will you learn about the latest trends, but you'll also meet potential employers and industry peers. Check out local chapters of professional bodies like the Chartered Insurance Institute for valuable meetups.
✨Use LinkedIn to Your Advantage
Don’t underestimate the power of LinkedIn in the insurance world. Engage with industry content, join relevant groups, and connect with professionals at companies you admire (like Selby Jennings). A thoughtful message explaining your interest can really make a difference!
✨Look Out for Graduate Schemes
Many firms in insurance have structured graduate programmes. Keep an eye on application windows and utilise your university's career services for insider tips. These schemes are designed to develop talent and often lead to permanent roles after your initial training.
✨Leverage Your Current Connections
Got friends or family in the industry? Now’s the time to reach out! Personal referrals can give you a head start, so let them know you're on the lookout for full-time opportunities at places like Selby Jennings. Don’t shy away from asking for a coffee chat; you never know what doors it might open!
We think you need these skills to ace Lead Pricing Actuary | Marine & Cargo in London
Some tips for your application 🫡
Highlight Your Analytical Skills:In insurance, we love a candidate who can crunch numbers and analyse data effectively. When crafting your CV, make sure to showcase any relevant coursework or experiences that highlight your analytical abilities, especially if you’ve tackled risk assessment or financial modelling.
Showcase Industry Knowledge:Don’t be shy about your knowledge of the insurance sector! We want to see that you've done your homework on current trends, regulations, and challenges in the industry. Mention any relevant projects or studies you’ve completed that demonstrate your understanding of the field in your cover letter.
Craft a Compelling Cover Letter:Your cover letter should tell us why you’re passionate about insurance. Share any personal experiences or what drew you into this profession. We’re looking for enthusiasm and a clear motivation for why you want to be part of our team at Selby Jennings.
Tailor Your CV for the Role:Don't just send a generic CV! Focus on tailoring it specifically for the insurance role at Selby Jennings. Highlight relevant skills such as risk management, customer service experience, or any certifications you've earned in the industry to make your application stand out.
How to prepare for a job interview at Selby Jennings
✨Know Your Numbers: Insurance Fundamentals
Brush up on your understanding of key insurance concepts, like underwriting principles and risk assessment. Expect the interviewer at Selby Jennings to throw some technical questions your way, so be ready to demonstrate your grasp of these essentials.
✨Showcase Your Analytical Side
In the insurance world, it's all about data. Prepare to discuss any analytical tools or methodologies you've used in past experiences. If you have a portfolio of projects where you've tackled complex data, bring that along to impress the team!
✨Prepare for Behavioural Questions
As a full-timer at Selby Jennings, they'll want to know how you handle real-life scenarios, not just theory. Think about challenges you've faced in teamwork or customer service, and how those experiences can relate to a career in insurance.
✨Know the Company Culture Inside Out
Understanding Selby Jennings's values and workplace culture is essential. Don’t just memorise their mission statement; think about how your personal values align with theirs. This will show your genuine interest in being part of their team long-term.
