This is a role within Chaucer’s Reinsurance Pricing team. The Senior Pricing Analyst will provide pricing support primarily for Chaucer’s growing reinsurance (Property, Specialty and Casualty Treaty) and Cyber portfolios across London and International offices. The Senior Pricing Analyst will work closely with divisional actuaries in the team to balance workload, broaden experience and facilitate consistency of approach.

The Pricing team works closely with underwriting teams to provide individual case pricing support, develop pricing models that allow underwriters to price, compare and monitor accounts, and development of risk and portfolio insight tools to inform business decision-making.

Actuarial study support towards Institute and Faculty of Actuaries qualification will be provided for this role.

Job Description

1. Support account pricing and underwriter support for broker and negotiations
2. Provide support to design, build and enhance Excel-based pricing models and pricing analytics that meet underwriter requirements and incorporate improved insights (in line with Actuarial pricing frameworks and technological solutions platform requirements)
3. Work collaboratively with underwriters, the pricing team and management across the planning and development process
4. Research and develop techniques and approaches to deliver improvements in modelling capabilities, data quality and operational efficiency through model design and use of technology
5. Develop strong relationships with underwriting and catastrophe modelling teams to coordinate sharing of best practices
6. Document new models and provide training
7. Communicate and present models to business stakeholders
8. Collaborate, present and share knowledge with the wider Actuarial team
9. Assistance for other pricing team activities as required
10. Desire to sit the IFoA exams and become an FIA qualified actuary

Skills and Competencies

1. London Market pricing experience (ideally reinsurance) would be advantageous
2. Strong interpersonal, verbal and written skills
3. Strong analytical skills – logical, methodical and rational approach to problem solving
4. Comfortable with interpreting and producing numerical data
5. Able to present findings to key stakeholders
6. Attention to detail
7. Self-motivated, hard-working and takes initiative
8. Organised and clear thinking
9. Ability to plan and organise work to meet targets and deadlines
10. Able to collaborate, work as a team and communicate with staff at all levels
11. Working knowledge of Python / R and SQL
12. Comprehensive knowledge of Excel and VBA

Education

1. Part-Qualified Actuary, making good progress through the IFoA exams or equivalent
2. 2.1 or 1st degree in Mathematics or numeric subject (e.g. Physics, Engineering, Statistics)
3. 3 or more A-levels, including Mathematics

Nothing in this job description may replace an individual’s contract of employment or the company’s policies and procedures as contained in the employee handbook

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 Bermuda, Copenhagen, Dubai and Singapore to be closer to our clients across the world. To learn more about us please visit our website.