At a Glance
- Tasks: Develop innovative pricing strategies for emerging risks and new markets in a dynamic environment.
- Company: Join Valayo, a forward-thinking company at the forefront of the London Market.
- Benefits: Enjoy flexible working, competitive bonuses, pension plans, and additional perks.
- Other info: Collaborate with industry experts and gain exposure to strategic decision-making.
- Why this job: Be part of a creative team shaping the future of insurance with unique products.
- Qualifications: Nearly/newly qualified Actuary with 3-6 years of pricing experience.
The predicted salary is between 60000 - 80000 £ per year.
Overview Valayo are working on a newly created Pricing Actuary role where you can work on some of the most interesting and emerging areas of the London Market.
This is a brand-new role within a growing pricing team, focused on opportunities that sit outside traditional insurance classes.
Rather than being aligned to one established area like Property, Casualty or Marine, you will work across the portfolio, partnering with specialist businesses to bring new ideas to market and innovative products where pricing approaches often need to be built from scratch.
You will get exposure to areas that are viewed as giving the business a competitive advantage, including unique products, specialist partnerships and new markets that set them apart, such as emerging technology risks, climate-related solutions, energy transition and other developing areas of insurance.
The role is much more focused on bespoke deals and new opportunities rather than repeatedly pricing the same type of business.
You will work on new classes and complex risks where there may not much historical data or an existing pricing framework, giving you the opportunity to be creative with your approach and build solutions from the ground up.
You will help develop pricing approaches for new areas, combining technical modelling with judgement, data analysis and input from specialist underwriters.
As these products grow, you will also get involved in monitoring performance and refining pricing approaches over time.
You will work closely with underwriting teams, brokers and senior stakeholders up to CUO level, with exposure to strategic decisions around which new markets, products and opportunities the business enters.
The focus is on giving someone ownership and visibility while allowing them to remain close to technical pricing work.
Responsibilities Work across the portfolio on bespoke deals and new opportunities, including emerging technology risks, climate-related solutions, energy transition and other developing areas.
Develop pricing approaches for new areas, combining technical modelling with judgement, data analysis and input from specialist underwriters; monitor performance and refine pricing over time.
Collaborate with underwriting teams, brokers and senior stakeholders up to CUO level, supporting strategic decisions about which new markets, products and opportunities the business enters.
Take ownership and maintain visibility while remaining close to technical pricing work.
Focus on opportunities outside traditional classes rather than repeating pricing of the same business.
Qualifications Nearly/newly qualified Actuary (or close to qualification and planning to qualify soon) Around 3-6 years’ pricing experience, ideally within the London Market (large commercial lines also considered) Strong technical pricing skills Experience across multiple areas and the ability to apply pricing techniques to new situations Exposure to facilities, delegated business, portfolio pricing or complex deals would be beneficial An interest in working on new classes, emerging risks and building pricing approaches from scratch The ability to work closely with underwriters and wider stakeholders Benefits The business offers a strong package including flexible working, competitive bonus, pension and wider benefits.
Get in touch to find out more neenu@valayo. co. uk #J-18808-Ljbffr
