Berkley

Senior Pricing Actuary

Location Name London, UK - 52 Lime Street, Level 15
ID
2025-11673
Date Posted
2 months ago(1/20/2025 7:31 AM)
Company
W. R. Berkley Syndicate Limited
Primary Location
UK-POST-LON-London
Category
Actuarial

Responsibilities

  • Support underwriting teams with accounts analysis, case pricing of risks and assist with portfolio analysis and strategy.
  • Development of pricing algorithms that will enable technical pricing at class of business level that are compliant with Actuarial and Lloyd’s Principles.
  • Support Technical Pricing resource by implementing pricing tool enhancements within the Hx platform. Monitor the performance of pricing models and strategies. Analyze results and make adjustments as necessary to improve accuracy and profitability
  • Monitoring and analysis of underwriting loss trends, by frequency/severity, by segment, using internal & external data as well as using outputs from Pricing models.
  • Support selection of premium risk parameters to feed into the Internal Capital model.
  • Provide support to Financial Planning & Analysis (FP&A) team with Actuarial inputs to the business planning process.
  • Support compliance with Lloyd’s Principles in line to be an Established Syndicate for Pricing and Portfolio Management.
  • Mentor and develop junior actuaries and analysts. Provide guidance and support to ensure the team’s continuous professional growth and development

Identify opportunities for innovation in pricing methodologies and processes. Implement new techniques and technologies to enhance pricing accuracy and efficiency

Qualifications

  • Experience:
    • Extensive experience in actuarial roles, with significant exposure to pricing in the Lloyd's and London markets (6+ years)
    • Deep technical knowledge of Specialty Property / Specialty Casualty classes
    • Qualified actuary, member of the Institute and Faculty of Actuaries (IFoA)
  • Communication:Excellent communication skills to effectively convey complex actuarial concepts to non-technical stakeholders. Ability to establish credibility with senior underwriters
  • Collaboration: Experience working closely with underwriters, portfolio managers, and other stakeholders to align pricing strategies with business objectives.
  • Model Development:Proven track record in developing, validating, and maintaining complex pricing models
  • Data Science: Beneficial to have experience in applying data science techniques in an insurance setting
  • Market Trends:Awareness of current market trends, emerging risks, and industry best practices
  • Self-starter, curious, proactive and with the ability to develop, recommend and implement new approaches
  • Expert at Excel (including VBA) and at least intermediate to expert knowledge of SQL and Python programming languages

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