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Pricing Actuary
Job summary
A leading insurance and reinsurance firm is seeking a Pricing Actuary to support Underwriters with portfolio design and pricing models. The role requires at least 3 years of experience in the London (re)insurance market and advanced technical skills in Python and SQL. Competitive salary and various employee benefits are offered, along with a collaborative work environment.
Benefits
Qualifications
- At least 3 years’ experience in the London market (re)insurance sector.
- Proven ability to effectively communicate both verbally and in writing.
- Strong skills in cross-functional collaboration and influence.
Responsibilities
- Support Underwriters with risk selection and pricing model design.
- Collaborate with various teams for consistent decision-making.
- Drive initiatives to build leading data tech capabilities.
Skills
Education
Department: Actuarial / Analytics
Employment Type: Permanent
Location: London, UK
The Impact Analytics team at Convex supports Underwriters in insurance and reinsurance by offering Actuarial assistance with portfolio design, pricing models, and risk analysis.
Your primary role will be to work closely with Underwriters, advising on portfolio design, building pricing models, and aiding in risk selection for various insurance and reinsurance lines. You'll also collaborate with teams in catastrophe analytics, capital optimisation, and ceded reinsurance.
Active engagement with Underwriters is expected to enhance transparency and confidence in the analytics provided.
- Supporting Underwriters with risk selection by designing pricing models, evaluating new markets, and optimising existing portfolios.
- Collaborating with Exposure Management, Capital Modelling, Ceded Re, and Actuarial teams for consistent decision-making.
- Driving wider initiatives that support Convex’s ambition to build market leading data lead tech capabilities.
- Creating analytical tools and dashboards with Data Engineers and BI Developers.
- Upholding Convex values and sharing expertise across the company.
- Part or newly qualified Actuary with at least 3 years’ experience in the London market (re)insurance sector.
- Articulate communicator, both verbally and written.
- Ability to maintain a collaborative approach and use influencing skills to deliver results using cross‑functional resource.
- Genuine interest in using data and technology to improve processes and decision making.
- Advanced technical skills including Python, SQL and Power BI would be valued.
- Competitive Salary
- 30 days Annual Leave
- Birthday Leave
- 10% Employer Pension Contribution
- Private Health Insurance Medical Cover
- Group Income Protection
- Life Assurance Cover
- Enhanced Parental Leave
- Annual Health Check
- 3 days of Volunteer Leave each year
- 10 days of help with care (elder/childcare) through Bright Horizons
- £1,300 to spend on learning & wellbeing
- Give as You Earn
- Cycle to Work
- Season Ticket Loan
* The salary benchmark is based on the target salaries of market leaders in their relevant sectors. It is intended to serve as a guide to help Premium Members assess open positions and to help in salary negotiations. The salary benchmark is not provided directly by the company, which could be significantly higher or lower.