Property Divisional Pricing Actuary
- Employer
- Fairbank Partners
- Location
- London (Greater)
- Salary
- Up to £140,000
- Closing date
- 14 Feb 2025
View more categoriesView less categories
- Sector
- General insurance
- Contract Type
- Permanent
- Hours
- Full Time
- Experience/Function
- Qualified (executive), Qualified
Job Details
An opportunity for a Property Divisional Pricing Actuary role within a fast-growing Lloyd’s (re)insurer. With a basic salary of up to £140,000 plus a competitive package, this role offers the chance to shape pricing strategies across diverse property classes in a highly dynamic environment.
The Role
This newly created position is pivotal in supporting the organisation’s expansion into Specialty lines, with a strong focus on Property classes. You’ll take ownership of designing and implementing technical pricing models, working collaboratively with underwriters and other teams to deliver strategic insights.
Key Highlights:
- Develop Pricing Excellence: Create and implement pricing models and processes, ensuring they align with market needs and underwriting strategies.
- Collaborate Closely: Work with underwriters to define key policy features and identify internal and external data sources to enhance pricing accuracy.
- Drive Portfolio Optimisation: Lead portfolio optimisation and capital allocation workstreams, using MI and pricing metrics to identify and address underperforming segments.
- Innovate and Implement: Assist with the implementation and maintenance of pricing software, adding bespoke features tailored to underwriting needs.
- Strategic Contribution: Play a key role in feedback loops between annual planning, pricing, reserving, and capital, ensuring a holistic approach to business decisions.
What’s In It for You?
- Hybrid Working: Flexibility to balance office and remote working tailored to your needs.
- Outstanding Package: A salary of up to £140,000, plus a market-leading additional package.
- Growth Opportunity: Influence the direction of pricing strategies across a diverse range of property classes.
- Collaboration and Impact: Work closely with underwriters, capital, and reserving teams to drive innovation and profitability.
About You
To succeed in this role, you’ll bring:
- Actuarial skills at the level of a qualified UK actuary.
- Strong pricing knowledge, particularly in Property classes or Specialty lines such as Political Risk, PV, War, and Terror.
- Familiarity with programming in R or Python is a plus.
- A proactive and collaborative approach to problem-solving, with strong communication skills.
This is a unique opportunity for an ambitious actuary to lead pricing strategies and make a real impact in a forward-thinking organisation.
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
- Website
- http://www.fairbankpartners.com/
- Telephone
- +44 (0) 203 869 2000
- Location
-
10-13 Lovat Lane
London
London
EC3R 8DN
GB
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