Divisional Pricing Actuary - Marine

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• Own and deliver technical pricing across all assigned classes of business, including case pricing, portfolio pricing and ad hoc analytical work
• Maintain independent and objective pricing views, remaining commercially aware and sensitive to business needs without being subject to commercial pressure in forming analytical judgements
• Conduct calibration exercises across assigned classes to reduce model adjustments, bias and noise in deployed pricing models
• Review underwriting adjustments to model outputs, assessing their suitability and escalating material concerns to the Head of Pricing (International) where appropriate
• Ensure appropriate pricing controls are embedded within all models deployed to the assigned division
• Contribute to business planning for all classes within the divisional remit, coordinating the pricing function’s input alongside other actuaries

• Hold ultimate accountability for all pricing models deployed to the business within the assigned division, including sign-off on model releases in accordance with the pricing model release policyl
• Maintain sufficient technical competency to interrogate pricing model databases for BAU data, update model parameters, perform low-level code changes and review back-testing results;
• Maintain awareness of how pricing systems are implemented and maintained — including the hx Renew platform and other pricing tools in use — to enable effective oversight, informed sign-off and productive collaboration with the Technical Pricing team;
• Provide specifications and requirements for model developments to the Technical Pricing team, taking ownership of the output once tested and deployed;
• Adhere to all pricing governance policies in force, including those governing the review, approval and release of models into production;
• Deliver training to underwriting teams on deployed pricing models, ensuring underwriters understand model mechanics, outputs and appropriate use.

• Act as the primary point of contact for the assigned underwriting division, building trusted working relationships at the divisional level and establishing a consistent pricing presence in underwriting-led forums;
• Represent the pricing function at Pricing Committee, presenting items originating from the assigned division
• Provide actuarial challenge on pricing-related matters, maintaining a clear boundary between actuarial and underwriting judgement
• Support functions outside of underwriting — including Finance, Reserving, Risk and Capital — on actuarial pricing matters pertaining to the assigned division, ensuring a consistent and well-informed pricing view is available across the business
• Act as the primary point of contact for regulatory queries relating to class-specific pricing matters, coordinating responses in conjunction with relevant stakeholders as required, including Lloyd’s and PRA/FCA requirements and contributions to Actuarial Function Reports (AFRs).

• Monitor and report pricing metrics across the assigned division, including pricing adequacy & risk-adjusted rate change (RARC)
• Develop MI to identify underperforming segments and inform…