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Pricing Lead, Marine

Arc IT Recruitment
Posted 9 days ago, valid for 6 days
Location

London, Greater London EC2V 7WS, England

Contract type

Full Time

In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.

Sonic Summary

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  • The Pricing Lead position for Marine is based in London with a hybrid work model, offering a salary of circa £63k plus bonus and benefits.
  • The role requires significant pricing experience in the London Market and a qualified actuary by exams or extensive experience.
  • Key responsibilities include managing Marine product lines, mentoring direct reports, and conducting individual pricing assessments of large risks.
  • The candidate should possess strong mathematical/statistical knowledge in (re)insurance and effective communication skills to convey complex models.
  • Additional duties involve maintaining pricing models, analyzing data, and supporting underwriting processes within the syndicate business planning.
Pricing Lead, MarineLondon/HybridCirca £63k + bonus + benefitsPricing Lead with Marine experienced is required by ever growing, highly successful insurance group operating in the London Market.You will support the provision of actuarial pricing support to our client's specialty global markets division.Responsibilities
  • Demonstrate ownership of Marine products lines; taking responsibility to ensure pricing reviews are undertaken in a timely manner and pricing models are developed and maintained as required
  • Effectively manage, mentor and support your direct report(s), including managing their time, providing training and reviewing their work as required
  • Work independently on individual pricing assessments of large risks and binder reviews, including clear communication of results to the underwriters
  • Support pricing team in achieving the high standards as indicated within the Lloyd's oversight framework, including technical rating of all risks and regular monitoring of Delegated underwriting contracts
  • Construction, review and maintenance of pricing models for varied classes of business
  • Analysis of pricing model data including parameter validations
  • Support for syndicate business planning process
  • Production and review of pricing management information
  • New business initiative analyses and independent reviews
  • Investigation and utilisation of alternative data sources for parameterisation of pricing models
  • Support underwriting within depth portfolio analyses and performance management
Key Skills:
  • Significant pricing experience in the London Market
  • Qualified actuary by exams OR extensive experience
  • Experience with Marine products
  • Highly developed mathematical/statistical knowledge in (re)insurance
  • Effective communication skills and ability to translate complex models in business terms
  • Detailed knowledge of actuarial methods and techniques, and the ability to apply them in practice, making reasoned judgements within a business environment
  • Knowledge of a range of modelling techniques and applications for pricing
  • Willingness to continue to develop knowledge of any pricing related matters.
  • Knowledge and understanding of the underlying principles of insurance and reinsurance
For a full consultation on this exciting new opportunity, get in touch with ARC IT today!

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In order to submit this application, a Reed account will be created for you. As such, in addition to applying for this job, you will be signed up to all Reed’s services as part of the process. By submitting this application, you agree to Reed’s Terms and Conditions and acknowledge that your personal data will be transferred to Reed and processed by them in accordance with their Privacy Policy.