Pricing Actuary, Wholesale Casualty and Portfolio Solutions

Overview

In this role you will support Sompo UK Insurance pricing for London Market, collaborating with Underwriting to deliver data-driven insights. You’ll lead pricing for assigned lines, develop and refine pricing models, and supervise junior team members. The position offers exposure to Casualty, Property and FinPro classes within Portfolio Solutions. You’ll influence business planning and growth opportunities while maintaining governance and accuracy.

Pay / Benefits

• Health & Wellness Benefits
• Retirement & Savings Plans
• Global Parental Leave & Adoption Assistance
• Employee Assistance Program
• Tuition Reimbursement & Professional Qualification benefits

Responsibilities

• Assist in data collection, analysis and validation for actuarial modelling and calculations
• Lead development of tools to monitor and report rate changes and rate adequacy
• Be the lead pricing contact for your lines of business and manage daily underwriting relationships
• Lead individual account pricing and review delegated business
• Develop pricing models for new areas of business and update models via reparameterisation
• Apply actuarial methods to analyse portfolios and prepare management exhibits
• Lead the business planning process for allocated classes with the lead Pricing Actuary and underwriters
• Identify strategic growth opportunities with underwriting and portfolio understanding
• Complete risk audits to ensure pricing models and results are reasonable
• Research industry developments that could impact Sompo
• Perform other ad hoc duties as required

Key requirements

• Bachelor’s or Master’s degree in Actuarial Science, Mathematics, Statistics, or related field
• Qualified or progressing toward actuarial qualification (IFoA or equivalent)
• Minimum 5 years’ experience in commercial insurance, preferably pricing
• Experience leading case pricing and communicating findings to underwriting teams
• Ability to work cross-functionally and support day-to-day pricing activities
• Strong verbal and written communication skills; ability to present non-actuarial findings
• Good time management and ability to meet deadlines
• Strong analytical and quantitative skills with Excel; SQL or other tools; R and Python advantage
• Dynamic, client-service oriented with strong interpersonal skills

• Strong communication
• Collaborative mindset
• Proactive problem-solving
• Excel
• SQL
• R

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