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 in London employer: Tokio Marine HCC
At TMHCC, we pride ourselves on being a leading specialty insurer that fosters a collaborative and innovative work culture. Located in the heart of London, our team enjoys a supportive environment that encourages professional growth and development, with opportunities to influence underwriting strategy and pricing innovation. We offer competitive salaries and benefits, ensuring our employees feel valued while making a meaningful impact in the insurance industry.
StudySmarter Expert Advice🤫
We think this is how you could land Lead Pricing Actuary in London
✨Tip Number 1
Network like a pro! Reach out to industry professionals on LinkedIn or attend relevant events. Building connections can lead to job opportunities that aren't even advertised.
✨Tip Number 2
Prepare for interviews by researching the company and its products. Understand their pricing strategies and be ready to discuss how your skills can enhance their team. Show them you mean business!
✨Tip Number 3
Practice your pitch! Be clear about your experience and how it aligns with the Lead Pricing Actuary role. Confidence is key, so rehearse until you can deliver it smoothly.
✨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 take the initiative to connect directly.
We think you need these skills to ace Lead Pricing Actuary in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience 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 for our team. Don’t forget to mention any relevant projects or achievements.
Showcase Your Analytical Skills:Since this role involves a lot of analytical work, be sure to include examples of how you've used data to drive decisions in your previous roles. We love seeing how you’ve tackled complex problems with your analytical 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 don’t miss out on any important updates from our team!
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 strong analytical skills. Brush up on key metrics and pricing models relevant to Casualty and Financial Liability lines. 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 small team, so it's crucial to highlight your mentoring experience. Prepare examples of how you've developed others in your previous roles and how you plan to foster a collaborative environment within your new team.
✨Understand the Business Landscape
Familiarise yourself with TMHCC's position in the market and the regulatory frameworks affecting the industry. Being able to discuss current trends and challenges will show that you're not just a numbers person but also have a commercial mindset.
✨Prepare for Technical Questions
Expect questions on programming languages like SQL or Python, as well as advanced Excel techniques. Brush up on your technical skills and be prepared to explain how you've applied them in real-world scenarios, especially in pricing transformation initiatives.
