Pricing Manager (Commercial Insurance) in London

Are you looking to step up in your actuarial/pricing career? Are you looking to have your voice heard and make a real, measurable impact on our business? Are you seeking variety in your role while working alongside some of the best actuaries, data scientists and underwriters in the market? Are you excited about joining a team that is constantly looking to innovate and explore the art of the possible?

If so, this could be your next role and we would love to hear from you. The location of this role can be flexible but travel to meet other team members and stakeholders in our London office on a regular basis will be required. As part of our hybrid working approach, you'll also have the opportunity to work from home as well as joining our team in Mark Lane, London. Many of our employees work flexibly in a variety of different ways, including part-time, flexible hours, job share, an element of working from home or compressed hours. This is because we want the best people for our roles, and we recognise that sometimes those people aren’t available full-time. Please talk to us at the interview about the flexibility you may need.

We are committed to being an inclusive employer and want all candidates to feel comfortable and able to perform at their best during the interview. You'll have the opportunity to let us know of any reasonable adjustment or practical support needed when you apply. Our benefits provide real flexibility so our people can make considered choices and tailor their benefits throughout the year.

Responsibilities

• We have three management roles available within our Commercial Lines Pricing team, spanning a range of products including Casualty, Motor, Financial Lines, Energy, Marine & Construction. These roles focus on our Corporate business, meaning you will work on some of the largest and most complex insurance programmes in the market.
• You will primarily be responsible for assisting Commercial underwriting teams in bespoke pricing and performance analysis.
• Support the delivery of pricing and portfolio management solutions, across multiple portfolios, through advanced analytics, data analysis and modelling.
• Collaborate closely with local underwriting functions and Group actuarial and underwriting teams to scope, build, develop, document, and maintain pricing tools.
• Pricing of large individual accounts, often across multiple lines of business, tailoring your approach and pricing techniques to the unique specifics of these highly complex risks.
• Provide regular training and support to the actuarial and underwriting communities with a focus on best practice.
• Collaborate with subject matter experts across claims, reserving, underwriting and finance to develop Country Underwriting Plans, demonstrating increasing knowledge of relevant disciplines and procedures, informing portfolio insights and profitability, and providing first-class service and analysis to local management and stakeholders.
• Manage a team, supporting junior analysts with their personal development and coaching them in their technical and non-technical skills.
• Responsible for multiple lines of business within your portfolio, including ownership of technical price assumptions, and input into market pricing decisions.
• Regularly monitor and report key trends and performance to senior stakeholders in the UK and to Group.
• Develop and maintain pricing and underwriting systems and incorporate efficiencies or improvements.
• Role model and contribute to a positive and supportive team culture.

Qualifications

• Educated to degree level
• Qualified actuary / preferred but not essential
• Experience gained in an actuarial / commercial lines role (ideally commercial lines / London market)
• Excellent knowledge of actuarial professional guidance
• Market, risk and business awareness
• Excellent knowledge of insurance products and industry
• Highly numerate and analytical
• Technical experience – MS Office suite, coding languages (R/Python, VBA, SQL)
• Communication and interpersonal skills
• Ability to manage own and other team members work portfolio

Benefits

• 12% defined non-contributory pension scheme
• Annual company bonus
• Income protection
• Life cover – four times your salary
• 28 days holiday a year plus