At a Glance
- Tasks: Lead pricing analysis for complex (re)insurance transactions and build stochastic pricing models.
- Company: Innovative Lloyd's market underwriting platform with a focus on entrepreneurial growth.
- Benefits: Competitive salary, dynamic work environment, and opportunities for professional development.
- Other info: Fast-paced environment with opportunities to collaborate closely with underwriters and brokers.
- Why this job: Shape pricing methodologies and influence underwriting decisions in a rapidly growing platform.
- Qualifications: Qualified actuary with experience in commercial (re)insurance pricing and strong modelling skills.
The predicted salary is between 60000 - 80000 £ per year.
Selby Jennings are working with an innovative Lloyd's market underwriting platform to secure a Pricing Actuary into a highly commercial and entrepreneurial role within a growing Alternative Risk Transfer (ART) business. This opportunity sits within a specialist platform focused on complex and bespoke (re)insurance solutions across a range of commercial lines. The role offers broad exposure to structured and non-standard transactions, working directly alongside underwriters, brokers, and senior stakeholders to shape pricing methodology and support long‐term portfolio growth.
Rather than being limited to traditional actuarial pricing work, this is a genuinely front‐office role combining quantitative modelling, commercial underwriting support, and strategic analysis. The environment is highly entrepreneurial, offering the opportunity to help build pricing frameworks, influence underwriting decisions, and contribute to the evolution of a rapidly growing platform.
Key Responsibilities- Lead pricing analysis for complex and structured (re)insurance transactions, including multi-line and non‐proportional structures.
- Build and maintain stochastic pricing models, running sensitivity and scenario analysis across bespoke deals.
- Integrate catastrophe modelling outputs into pricing and portfolio analysis.
- Translate technical pricing outputs into clear commercial recommendations for underwriters, brokers, and clients.
- Analyse submissions, exposure data, programme structures, and policy wordings to support underwriting decisions.
- Draft underwriting memoranda and pricing recommendations for complex transactions.
- Use AI‐enabled research and analytical tools to support client analysis, market research, and risk selection.
- Benchmark cedants and industry peers to support underwriting and pricing decisions.
- Support the development of pricing methodologies and actuarial parameterisation for new lines of business.
- Partner closely with underwriting and wider platform teams to establish pricing frameworks and governance standards.
- Qualified actuary (FIA or equivalent) with experience in commercial (re)insurance pricing.
- Strong background in structured, bespoke, or non‐proportional (re)insurance transactions.
- Commercially minded with the ability to balance technical rigour and underwriting judgement.
- Strong communication skills with experience engaging directly with brokers and underwriters.
- Strong technical modelling capability, including stochastic modelling techniques.
- Programming experience in Python, R, or SQL advantageous.
- Entrepreneurial mindset with the ability to operate effectively in a fast‐paced and evolving environment.
Pricing Actuary | Alternative Risk Transfer in London employer: Selby Jennings
Join an innovative Lloyd's market underwriting platform that champions entrepreneurial spirit and offers a dynamic work environment for Pricing Actuaries. With a focus on complex and bespoke (re)insurance solutions, employees benefit from broad exposure to structured transactions, robust professional development opportunities, and the chance to influence pricing methodologies directly. This role not only fosters collaboration with underwriters and brokers but also encourages the use of cutting-edge analytical tools, making it an ideal place for those seeking meaningful and rewarding employment in a rapidly growing sector.
StudySmarter Expert Advice🤫
We think this is how you could land Pricing Actuary | Alternative Risk Transfer in London
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or at events. We can’t stress enough how important it is to make connections that could lead to job opportunities.
✨Tip Number 2
Prepare for interviews by practising common questions and scenarios related to pricing actuary roles. We recommend doing mock interviews with friends or mentors to boost your confidence.
✨Tip Number 3
Showcase your skills! Create a portfolio of your work, especially any projects involving stochastic modelling or pricing frameworks. This will help you stand out when discussing your experience.
✨Tip Number 4
Don’t forget to apply through our website! We’ve got loads of exciting opportunities, and applying directly can sometimes give you an edge over other candidates.
We think you need these skills to ace Pricing Actuary | Alternative Risk Transfer in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Pricing Actuary role. Highlight your experience in commercial (re)insurance pricing and any relevant projects you've worked on that showcase your technical modelling capabilities.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your entrepreneurial mindset fits with our innovative platform. Don’t forget to mention your experience with structured transactions and how you can contribute to our team.
Showcase Your Technical Skills:Since this role involves a lot of quantitative modelling, make sure to highlight your programming skills in Python, R, or SQL. If you’ve built stochastic pricing models or used AI-enabled tools, share those experiences to demonstrate your technical prowess.
Apply Through Our Website:We encourage you to apply directly through our website. It’s the best way for us to receive your application and ensures you’re considered for the role. Plus, it shows you’re proactive and keen to join our team!
How to prepare for a job interview at Selby Jennings
✨Know Your Numbers
As a Pricing Actuary, you'll need to demonstrate your strong technical modelling capabilities. Brush up on stochastic modelling techniques and be ready to discuss how you've applied them in past roles. Prepare examples of complex pricing analyses you've led, especially those involving structured or non-proportional transactions.
✨Speak Their Language
This role requires strong communication skills, so practice translating technical jargon into clear, commercial recommendations. Think about how you can explain your pricing methodologies to underwriters and brokers in a way that highlights their impact on decision-making. Role-play with a friend to get comfortable with this.
✨Show Your Entrepreneurial Spirit
The environment is highly entrepreneurial, so come prepared to discuss how you've contributed to the evolution of previous projects or teams. Share specific examples where you've helped build pricing frameworks or influenced underwriting decisions. This will show your potential employer that you're not just a number-cruncher but a strategic thinker.
✨Familiarise Yourself with AI Tools
Since the role involves using AI-enabled research and analytical tools, make sure you’re familiar with any relevant software or programming languages like Python, R, or SQL. If you have experience using these tools for market research or risk selection, be ready to share those insights during the interview.
