Pricing Actuary

About the role

You will be exposed to the full range of pricing activities at a major international global specialty (re)insurer, including working closely with underwriters to price multi-million-dollar commercial insurance deals, determining rates for a diverse range of (re)insurance products, and finding and analysing new sources of data to increase the accuracy of forecasts and predictions. The role also offers the opportunity to work as part of an international team developing the next generation of actuarial pricing models, using Python, SQL, and Excel. You will collaborate closely with senior stakeholders and will have the opportunity to work across functions within the Actuarial team as the business requires.

Responsibilities

• Take ownership of case pricing for US classes of business, directly influencing the risk selection process and helping to deliver ambitious underwriting goals.
• Support the development and maintenance of next-generation pricing models for US business using Python, Excel, VBA, R, and SQL.
• Gain a deep understanding of commercial lines insurance products, including Cyber, Professional lines, and Marine.
• Research key pricing assumptions and market rates and stay apprised of broader industry trends, relaying these to colleagues in the US and globally as required.
• Deliver training to underwriters on technical topics to enhance understanding of the techniques and approaches that underpin the pricing process.
• Update Pricing Model parameters on a regular basis while adding enhancements for improved accuracy and process efficiency wherever possible.
• Proactively communicate findings and recommendations to business partners in a manner that is understandable and actionable.
• Assist other teams in the Actuarial Function where resource is required and to help gain a breadth of knowledge and skills.

Requirements

• 5-8+ years of actuarial experience with demonstrated analytic skills and a proven record of success closely aligned with supporting a business.
• FCAS credential, though related experience will be considered in lieu of actuarial credentials.
• We will consider filling this role as part of our actuarial student program for a qualified Associate meeting requirements for entry into the program.
• Experience in pricing P&C commercial lines, including experience using statistical modelling techniques.
• Specialty Lines and/or Marine pricing experience is a plus.
• Ability to explain complex technical concepts to non-specialists.
• Strong understanding of P&C commercial insurance with eagerness to further develop expertise.
• Excel and/or programming skills and a strong desire to develop these further.
• Strong problem-solving skills and ability to apply existing knowledge to new problems to suggest solutions.

Skills

• Excellent statistical knowledge.
• Confident, engaging communicator who can convey complex ideas concisely.
• Ability to work in a team environment, including:
  • Working in an organised manner, producing clear documentation and audit trails.
  • Recognising the need to seek support appropriately from others in the team.
  • Prioritising work and assessing feasibility of deadlines.

Pay

Salary Range: $150,000 - $187,600

Benefits

We offer all employees a comprehensive benefits package that focuses on whole wellbeing, including:

• Hybrid working.
• Competitive base salary.
• Non-contributory 401k.
• Discretionary bonus.
• Insurances including medical, dental, and vision cover.
• Many other benefits to enhance financial, physical, social, and psychological health.

About Us

Canopius is a global specialty lines (re)insurer. We are one of the leading insurers in the Lloyd’s of London insurance market with offices in the UK, US, Singapore, Australia, and Bermuda. At Canopius, we foster a distinctive, positive culture that enables employees to bring their whole selves to work, flourish as people, and build a business delivering profitable, sustainable results. Canopius operates a flexible, hybrid working model and is committed to providing an environment that challenges employees to be their best, where everyone's unique contributions are recognised, valued, and respected.