PoloWorks
Head of Pricing Oversight
Get notified of more jobs like this · No spam, ever
How your CV stacks up
Upload your CV to see how well it fits this job role
?%
Department: Managing Agency
Location: London
Description
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.
Key Responsibilities
Pricing Governance & Oversight
- 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.
Reasons to use Rodeo
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
It searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Strategic Leadership
- 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.
Pricing Function Development
- 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.
Board & Committee Engagement
- 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.
Get help with your application
Your very own career expert that helps elevate your application to the next level.
Regulatory & Risk Responsibilities
- 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.
Skills, Knowledge And Expertise
- 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
Benefits Band 5
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London
Location