At a Glance
- Tasks: Lead a pricing team and develop innovative pricing models for diverse insurance products.
- Company: Join TMHCC, a leading specialty insurer with a strong reputation.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Collaborative team culture with opportunities for growth and innovation.
- Why this job: Make a real impact on pricing strategy and shape the future of the insurance industry.
- Qualifications: Bachelor's degree in a relevant field and 8+ years of actuarial experience.
The predicted salary is between 80000 - 100000 £ per year.
Direct Reports: 2 Pricing Actuaries and 2 Pricing Analysts
Employment Type: Permanent
Location: London (St Botolph)
Help Us Insure it! TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry.
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 and 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
Qualifications and Experience:
- 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).
- 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 offers a competitive salary and employee benefit package. We are a successful, dynamic organization experiencing rapid growth and are seeking energetic and confident individuals to join our team of professionals. The Tokio Marine HCC Group of companies is an equal opportunity employer.
Lead Pricing Actuary employer: Tokio Marine HCC International
At Tokio Marine HCC, we pride ourselves on being a leading specialty insurer that offers a dynamic and supportive work environment in the heart of London. Our collaborative culture fosters innovation and professional growth, allowing employees to make a meaningful impact while working closely with experienced underwriting teams. With competitive salaries and a comprehensive benefits package, we are committed to nurturing talent and providing opportunities for career advancement in a rapidly growing organisation.
Contact Details:
Tokio Marine HCC International Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Lead Pricing Actuary
✨Tip Number 1
Network like a pro! Reach out to your connections in the insurance and actuarial fields. Attend industry events or webinars, and don’t be shy about introducing yourself to potential employers. You never know who might have the inside scoop on job openings!
✨Tip Number 2
Prepare for interviews by brushing up on your technical skills and industry knowledge. Be ready to discuss your experience with pricing models and analytics. Show us how you can bring value to our team by sharing specific examples of your past successes.
✨Tip Number 3
Don’t just apply; engage! When you submit your application through our website, follow up with a friendly email to express your enthusiasm. This shows initiative and keeps you on the radar of hiring managers.
✨Tip Number 4
Stay updated on industry trends and regulatory changes. Being knowledgeable about the latest developments in the London Market will not only impress us but also help you stand out as a candidate who’s genuinely interested in the field.
We think you need these skills to ace Lead Pricing Actuary
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the specific skills and experiences that align with the Lead Pricing Actuary role. Highlight your pricing experience, especially in Casualty and Financial lines, to show us you’re the right fit!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about pricing and how your background makes you a great candidate. Don’t forget to mention your experience with programming and analytics.
Showcase Your Communication Skills:Since excellent written communication is key for this role, make sure your application is clear and concise. Use professional language but keep it friendly – we want to see your personality shine through!
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 don’t miss out on any important updates from our team!
How to prepare for a job interview at Tokio Marine HCC International
✨Know Your Numbers
As a Lead Pricing Actuary, you'll need to demonstrate your expertise in pricing models and analytics. Brush up on key metrics and be ready to discuss how you've used data to influence underwriting strategies in the past.
✨Showcase Your Leadership Skills
You'll be leading a team of Pricing Actuaries and Analysts, so it's crucial to highlight your leadership experience. Prepare examples of how you've mentored others, driven team success, and fostered a collaborative environment.
✨Understand the Business Landscape
Familiarise yourself with TMHCC's portfolio and the broader insurance market. Be prepared to discuss current trends in Casualty and Financial Liability lines, and how they might impact pricing strategies.
✨Prepare for Technical Questions
Expect questions that test your programming skills and technical knowledge. Brush up on SQL, R, or Python, and be ready to explain how you've applied these skills in real-world scenarios to enhance pricing methodologies.
