Pricing Actuary - Marine & Energy

ABOUT US

Chaucer is a leading insurance group at Lloyd's, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.

Our headquarters are in London, and we have international offices in Copenhagen, Miami, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website www.chaucergroup.com

Job Profile Summary

The Pricing Actuary will be responsible for Actuarial pricing primarily for Chaucer’s Marine and Energy portfolios (with a focus upon account pricing, benchmark rate reviews and portfolio analyses). The role will be strongly client-facing, incorporating support for broker negotiations, pricing support for insureds and involve developing new pricing capabilities. The Pricing Actuary will also provide support for other classes as required within the insurance, reinsurance and Partnership / Innovation divisions.

The successful applicant will have strong technical pricing skills. The Pricing Actuary will have strong communication skills and commercial awareness in order to provide effective broker and client support.

The Pricing Actuary will be located within the Actuarial pricing team in London and work directly with the underwriting team under the guidance of the Insurance Pricing Manager.

Job Description

• Develop a deep understanding of the Marine and Energy classes, trends and underwriting team strategy
• Account pricing and underwriter support for broker negotiations
• Ongoing portfolio monitoring for accounts and overall portfolio
• Contributing ideas for new MI
• Model recalibration reviews
• Support the collection and maintenance of pricing data
• Keep abreast of industry initiatives and develop new pricing/visualisation techniques and best practice where opportunities arise
• Collaborate, present and share knowledge with the wider Actuarial team on pricing approaches
• Assistance for other pricing team activities as required
• Some travel in support of Underwriter/Client meetings may be required

Skills and Competencies

• General insurance pricing experience
• Experience of Marine and Energy classes of business would be advantageous
• Model development experience would be advantageous
• Comprehensive knowledge of Excel and VBA
• Experience in building and using dashboards in PowerBI
• SQL, R or Python would be desirable
• Self motivated, hard working and committed
• Organised and clear thinking with attention to detail
• Flexible and adaptable
• Ability to plan, organise work and multitask to meet targets and deadlines
• Able to collaborate, work as a team and communicate with staff at all levels

Education

• 2.1 or 1st degree in Maths or a Maths-related subject (e.g. Physics, Engineering, Statistics)
• 3 or more ‘A’ levels, including Maths
• FIA qualified (candidates making good progress towards FIA will be considered, note that if not qualified the job title would be “Senior Pricing Analyst” until qualification)

What we offer:

· A flexible hybrid work model that supports individual and teams needs. Whilst the market moves back to 4/1 working days, we have no intention of changing this. It has always been incredibly popular and a successful way of doing business.

· Extensive, non-contributory benefits, including medical, life, and pension cover, flexible holidays, and wellbeing support.

· Chaucer is committed to diversity, actively values difference and respects people regardless of the protected characteristics which are outlined in the Equality Act 2010 (UK legislation) A diverse workforce and an inclusive workplace are core to our success as a business and integral to our winning strategy and culture.