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Specialty (Re)insurer Pricing Actuary

Employer
Fairbank Partners
Location
London (Greater)
Salary
£90,000 - £120,000 depending on experience
Closing date
14 Feb 2025
View more categoriesView less categories
Sector
General insurance, Reinsurance
Contract Type
Permanent
Hours
Full Time
Experience/Function
Qualified, Nearly qual (11+ exams)

Job Details

An opportunity for a Pricing Actuary role within a dynamic and fast-growing Lloyd’s (re)insurer. With a basic salary of £90,000 - £120,000 plus a competitive package, this is a fantastic chance to make a real impact in shaping pricing processes across diverse specialty lines.

The Role

This newly created position supports the expansion of a forward-thinking organisation into Marine, Property, Professional Lines, Reinsurance, and Specialty business. As a Pricing Actuary, you’ll play a key role in designing and implementing innovative pricing processes and collaborating with underwriters to drive success.

Key Highlights:

  • Design and Implement Pricing Processes: Define policy parameters, identify key data sources, and create pricing templates to calculate risk and market prices.
  • Technology and Innovation: Work with IT to integrate and refine pricing software, tailoring it to meet underwriting needs.
  • Collaboration: Act as a trusted adviser to underwriters, ensuring pricing processes align with business strategy.
  • Compliance and Strategy: Ensure all regulatory requirements are met, while supporting strategic initiatives for portfolio growth.
  • Enhance Platforms: Oversee updates to the pricing platform and assist with capital model validations.

What’s In It for You?

  • Hybrid Working: Flexibility to balance office and remote working.
  • Competitive Package: Earn £90,000 - £120,000 basic salary, with an attractive additional package.
  • Career Growth: Be part of an innovative team at the forefront of market expansion, working on diverse specialty lines.
  • Influence and Impact: A rare opportunity to design and implement pricing strategies that shape the future of underwriting.

About You

To succeed in this role, you’ll need:

  • Actuarial skills at the level of a qualified UK actuary.
  • Strong pricing knowledge, ideally in Property or Specialty lines.
  • Familiarity with programming in R or Python (advantageous).
  • Excellent communication skills to engage with underwriters and other stakeholders.

This is the perfect role for an actuary who thrives in a collaborative, forward-thinking environment and wants to drive innovation in pricing processes.

Company

Fairbank Partners is one of the world's leading specialist actuarial recruitment consultancies. Covering the UK and International Actuarial market, we pride ourselves on being market experts working with you to find the right opportunity. Our consultants specialise in Life Insurance/Re-Insurance, General Insurance, Insurance Risk and Pensions/Investments operating at all levels from Students to Senior Searches. If you are interested in any of our vacancies, or curious about opportunities available to you, do get in touch. www.fairbankpartners.com www.twitter.com/fairbankpartner http://www.linkedin.com/company/fairbank-partners

Company info
Website
Telephone
+44 (0) 203 869 2000
Location
10-13 Lovat Lane
London
London
EC3R 8DN
GB

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