Head of Pricing Oversight

Polo Managing Agency (PMA) is seeking an experienced and commercially astute Head of Pricing Oversight to lead and enhance pricing governance across our managed Lloyd's syndicates. This is a highly influential leadership role, providing independent oversight of syndicate pricing capabilities, frameworks and decision-making processes. Working closely with Boards, Senior Management, Underwriting teams and Lloyd's, you will play a critical role in ensuring robust pricing governance, underwriting profitability and regulatory compliance, while helping to drive client growth and market-leading standards.

As a senior member of the Actuarial Function, you will provide expert challenge and guidance to syndicates, support new market entrants, contribute to strategic decision-making and help strengthen PMA's reputation as a leading managing agency.

Department: Managing Agency

Location: London

• Overseeing pricing frameworks and capabilities to ensure alignment with Lloyd's Principle 1.6 (Underwriting Profitability – Pricing).
• Providing independent review and challenge of pricing methodologies, assumptions and governance.
• Maintaining and developing PMA's Underwriting & Pricing Policy.
• Ensuring pricing activities operate effectively within regulatory and professional standards.

• Acting as a key leader within the PMA Actuarial team, influencing strategy, priorities and team development.
• Supporting the growth of PMA by contributing to new client opportunities and market initiatives.
• Supporting new syndicates through Lloyd's application and "Making It Happen" processes.
• Building strong relationships across underwriting, claims, finance, risk and senior leadership teams.

You will oversee and challenge all aspects of syndicate pricing operations, including:

• Pricing model development, validation and recalibration processes.
• Governance, peer review and approval frameworks.
• Price adequacy assessment and rate monitoring.
• Pricing management information and reporting.
• Delegated Authority pricing governance.
• Data governance, collection, storage and quality standards.
• Technology and pricing system architecture.
• Resource planning for pricing teams.
• Training and development programmes.
• Alignment of pricing assumptions with capital modelling, exposure management and reinsurance strategy.

• Presenting pricing insights and recommendations to Underwriting Committees and Syndicate Management Committees.
• Producing high-quality pricing packs to support effective decision-making.
• Supporting Board training on emerging pricing topics and market developments.
• Contributing to ORSA reporting and Actuarial Function Reports, including opinions on underwriting policy and reinsurance adequacy.

• Acting as a key liaison with Lloyd's on pricing-related matters.
• Ensuring compliance with Solvency UK requirements, Lloyd's guidance, Technical Actuarial Standards (TAS) and Actuarial Professional Standards (APS).
• Supporting PMA's risk management framework and maintaining a strong control environment.
• Ensuring customer outcomes and policyholder interests remain at the forefront of decision-making.

• Non-Life Actuarial experience preferably in London or Lloyd’s market.
• Qualified Actuary or equivalent.
• Knowledge of London Market pricing methods, processes and practices.
• Knowledge of Lloyd's of London Principles, in particular sub-Principle 1.6 Pricing.
• Good knowledge of Excel, Word, and PowerPoint.
• Team Player with good communication and presentation skills.
• Strong management and leadership skills.
• Ability to work with a variety of disciplines outside of the department.
• Strong planning and organisation skills.

Benefits Band 5