At a Glance
- Tasks: Lead pricing strategies and tools for Berkley Re UK's underwriting teams.
- Company: Join a leading reinsurance firm with a focus on innovation and collaboration.
- Benefits: Competitive salary, professional development, and opportunities for career advancement.
- Other info: Mentor a talented team and influence pricing strategies across the business.
- Why this job: Shape the future of pricing in a dynamic and impactful role.
- Qualifications: Actuary with reinsurance pricing experience and advanced Excel skills.
The predicted salary is between 80000 - 100000 £ per year.
Responsibilities
- The Pricing function is responsible for pricing tools and metrics across all of Berkley Re UK’s underwriting teams.
- This includes overseeing the development and maintenance of pricing tools, case pricing during renewal periods, market and profitability analysis, managing rate, trend and other pricing assumptions.
- Oversee the development, periodic review and update of all pricing models and assumptions in collaboration with underwriters and other actuaries.
- Management and coordination of actuarial case pricing and pricing support for underwriters, ensuring good collaboration with underwriting teams.
- Responsible for the production of pricing metrics, including priced loss ratios and rate change. This includes a process of review to ensure the reasonableness of these metrics for use by the broader actuarial team, management and in the reserving process.
- Management Information for monitoring U/W performance against plan and prior periods and price monitoring reports.
- Work with Chief Actuary to develop strategic plan for the development of the pricing function. In particular build out portfolio reporting and a view of rate adequacy and return on capital for appropriate segmentations of the business.
- Assisting in business reviews and planning. Act as the point person to drive the feedback loop between historical reserving results and any required updates to the pricing basis.
Qualifications
- Actuary with reinsurance pricing experience.
- Advanced Excel skills; the ability to create and maintain robust models, including the use of VBA. Experience of SQL Server or Python desirable.
- A broad knowledge of actuarial pricing techniques including being able to build and run experience rating models, exposure rating models, ILF curves and simulation tools.
- Strong professional and technical pricing skills.
- Good people and management skills for managing and mentoring of team members and their performance and influencing across the wider business.
- Ability to deliver and explain technical material to all levels and disciplines within the business.
- Self-reliance – to plan, implement and work either on their own or in a team and deliver a multitude of tasks to a timescale.
Head of Pricing in London employer: WR Berkley
Berkley Re UK is an exceptional employer that fosters a collaborative and innovative work culture, particularly for the Head of Pricing role. Employees benefit from comprehensive professional development opportunities, competitive remuneration, and a supportive environment that encourages growth and mentorship. Located in a vibrant area, the company offers unique advantages such as access to industry-leading resources and a strong focus on work-life balance, making it an ideal place for actuaries looking to make a meaningful impact in the reinsurance sector.
We think you need these skills to ace Head of Pricing in London
Actuarial Pricing
Reinsurance Pricing Experience
Advanced Excel Skills
VBA
SQL Server
Python
Experience Rating Models
