Lead Pricing Actuary

Direct Reports: 2 Pricing Actuaries and 2 Pricing Analysts

Employment Type: Permanent

Location: London (St Botolph)

Help Us Insure it!

TMHCC are one of the world’s leading Specialty Insurers. With deep expertise in our chosen lines of business, our unparalleled track record and a solid balance sheet, TMHCC evaluates and manages risk like no one else in the industry.

Oversight of pricing team covering a broad portfolio of Casualty, Financial and Professional Liability lines including Directors & Officers, Professional Indemnity, Cyber, Trade Credit and Surety products, written across TMHCC’s company and Lloyd’s syndicate platforms. The successful candidate will be working closely with underwriters to provide support in areas including, but not limited to, pricing model development, case pricing, modelling underwriting risk and budget analytics.

• Lead the pricing oversight and analytical support for a diverse portfolio of Casualty, Financial and Professional Liability products across both company and Lloyd’s syndicate platforms.
• Partner closely with underwriting leadership to influence underwriting strategy, portfolio management and risk selection through robust pricing insight and analytics.
• Lead the development, enhancement and deployment of technical pricing models that integrate effectively into underwriting workflows and support consistent, data-driven decision making.
• Drive pricing transformation initiatives, including improving pricing infrastructure, enhancing data capture and reporting capabilities, and identifying opportunities to modernise pricing methodologies and processes.
• Deliver case pricing support for large and complex accounts, programmes and facilities, providing clear insight into risk-adjusted profitability and portfolio impact.
• Perform portfolio monitoring and pricing performance analysis to identify trends, emerging risks and opportunities for underwriting improvement.
• Contribute to business planning and portfolio steering through technical analysis and projections supporting the annual budgeting and forecasting process.
• Support reinsurance strategy and outward reinsurance purchase decisions through pricing analytics, exposure assessment and portfolio modelling.
• Act as a subject matter expert to the capital modelling team, supporting the calibration and review of underwriting risk assumptions, including attritional losses, large losses and catastrophe exposure assumptions.
• Collaborate with Underwriting, Finance, BI/IT, Exposure Management, Reinsurance and Compliance teams to deliver joined-up analytical solutions and improve management information.
• Support the ongoing development of pricing governance and regulatory compliance, including contributions to:
  Actuarial Function opinions relating to underwriting and pricing, Lloyd’s Pricing Maturity Matrix assessments and internal pricing standards and controls
• Lead, mentor and develop a small pricing team, helping to build technical capability, encourage knowledge sharing and support the continued development of pricing best practice.
• Identify opportunities to improve efficiency through automation, enhanced reporting and the use of modern analytical and programming techniques.

Qualifications and

Experience:

• Bachelor’s degree in Actuarial Science, Mathematics, Statistics, Computer Science, STEM or related field.
• Qualified as a Fellow of the Institute and Faculty of Actuaries (FIA), Fellow of the Casualty Actuarial Society (FCAS) or similar.
• Typically 8+ years general insurance actuarial experience, including a minimum of 5 years relevant pricing experience in the London Market.
• Strong preference given to candidates with Casualty/Fin Pro pricing background.
• Commercial awareness and knowledge of the industry, including regulatory frameworks and technical developments affecting the business environment in which TMHCC operates.

• Strong interpersonal and stakeholder management abilities
• Excellent written and verbal communications skills (experience drafting formal reports/memos an advantage)
• Programming aptitude/experience (SQL, VBA, R, Python beneficial)

• Opportunity to play a…