Selby Jennings
Lead Pricing Actuary | Marine & Cargo
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Selby Jennings are partnered with a leading global insurer on the appointment of a Lead Pricing Actuary to support its Marine & Cargo portfolio in London.
This is a senior pricing opportunity sitting close to underwriting, with ownership of actuarial support across a key trading division of the business. Acting as the lead actuarial partner to the underwriting team, the successful individual will support case pricing, portfolio analysis, pricing model oversight, business planning, and pricing governance across the Marine & Cargo portfolio.
As the primary actuarial contact for the division, you will work closely with underwriters and senior stakeholders to deliver pricing insight, portfolio analytics, model stewardship, and commercially relevant actuarial challenge to the business. The position combines ownership of pricing delivery with responsibility for model governance, business planning support, and line management of a direct report, alongside broader coordination of actuarial resource aligned to the division.
The role offers a blend of technical pricing, underwriting partnership, portfolio management, and leadership, making it particularly attractive for someone looking to step into a broader front-office pricing role rather than remain in a purely technical seat.
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Key Responsibilities
- Lead actuarial pricing support for the Marine & Cargo portfolio, covering case pricing, portfolio analysis, and ad hoc commercial insight
- Act as the primary actuarial partner to underwriters, providing pricing challenge, portfolio insight, and support on strategic underwriting decisions
- Own pricing model oversight for the division, including calibration, model governance, parameter review, and pricing tool stewardship
- Support business planning and portfolio management activity, including pricing MI, portfolio performance analysis, and identification of underperforming segments
- Work closely with technical pricing teams to enhance and maintain pricing tools and ensure models remain fit for purpose for the underwriting business
- Represent pricing in divisional and wider business forums, working closely with stakeholders across underwriting, reserving, capital, finance, and exposure management
- Support regulatory and governance requirements relevant to pricing activity within the division
- Manage and develop a direct report, while also helping coordinate broader actuarial resource aligned to the portfolio
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Requirements
- Qualified Actuary (FIA or equivalent)
- Strong London Market pricing experience, ideally within Marine, Cargo, or wider Specialty lines
- Experience delivering case pricing, portfolio analysis, and pricing model calibration within a commercial insurance environment
- Strong understanding of pricing governance, model oversight, and stakeholder management within a trading business
- Ability to operate as a trusted actuarial partner to underwriters, balancing commercial awareness with independent judgement
- Prior people management or mentoring experience, with the ability to support and develop junior actuarial talent
- Strong written and verbal communication skills, with the ability to present to senior stakeholders clearly and credibly
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