At a Glance
- Tasks: Lead pricing oversight and analytical support for diverse insurance products.
- Company: Join a leading specialty insurer with a strong reputation in the industry.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Collaborative team structure with opportunities for immediate impact and growth.
- Why this job: Make a real impact on pricing innovation and underwriting strategy.
- Qualifications: Bachelor's degree in a relevant field and 8+ years of actuarial experience.
The predicted salary is between 80000 - 100000 £ per year.
Reporting to: Head of Pricing
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, 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).
- Advanced MS Excel proficiency.
- 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
At TMHCC, 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, providing employees with the opportunity to influence underwriting strategies and lead pricing initiatives across diverse product lines. With a commitment to continuous improvement and a competitive benefits package, we empower our team members to make a meaningful impact while advancing their careers.
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. 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 them you’re not just a numbers person, but someone who can influence strategy and drive results.
✨Tip Number 3
Practice your storytelling! When you get the chance to interview, share specific examples of how you've led teams or improved processes. Make it clear how your contributions have made a difference in previous roles.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, we love seeing candidates who are proactive about their job search. Let’s make it happen together!
We think you need these skills to ace Lead Pricing Actuary
Some tips for your application 🫡
Tailor Your Application:Make sure to customise your CV and cover letter to highlight your experience in pricing and actuarial science. We want to see how your skills align with the Lead Pricing Actuary role, so don’t hold back on showcasing your relevant achievements!
Showcase Your Technical Skills:Since this role involves advanced pricing models and programming, be sure to mention your proficiency in tools like Excel, SQL, or Python. We love seeing candidates who can bring technical expertise to the table, so let us know what you’ve got!
Communicate Clearly:Your written communication skills are key for this position. When drafting your application, keep it clear and concise. We appreciate well-structured documents that convey your thoughts effectively, especially since you'll be drafting reports and memos.
Apply Through Our Website:We encourage you to submit your application through our website. It’s the best way for us to receive your details directly and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Tokio Marine HCC
✨Know Your Numbers
As a Lead Pricing Actuary, you'll need to demonstrate your expertise in pricing models and analytics. Brush up on your technical skills, especially in MS Excel and any programming languages like SQL or Python. Be ready to discuss specific examples of how you've used these tools to influence pricing strategies in the past.
✨Understand the Business
Familiarise yourself with TMHCC's portfolio, especially in Casualty and Financial Liability lines. Research recent trends in the insurance market and be prepared to discuss how they might impact pricing strategies. Showing that you understand the broader business context will impress the interviewers.
✨Showcase Your Leadership Skills
You'll be leading a small team, so it's crucial to highlight your leadership experience. Prepare examples of how you've mentored others or driven team initiatives in previous roles. Discuss how you can foster a collaborative environment and encourage knowledge sharing within your team.
✨Prepare for Scenario Questions
Expect scenario-based questions that assess your problem-solving abilities. Think about complex pricing cases you've handled and how you approached them. Be ready to explain your thought process and the outcomes, as this will showcase your analytical skills and decision-making capabilities.
