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About Chaucer
Chaucer is a leading insurance group at Lloyd’s, the world's specialist insurance market. We help protect industries around the world from the risks they face. Our customers include major airlines, energy companies, shipping groups, global manufacturers and property groups.
Headquartered in London, with international hubs in Copenhagen, Dubai, Miami, Dublin, Singapore, Sydney and Bermuda, we work to be closer to our clients globally.
Visit our website to learn more.
Job Summary: Pricing Actuary
The Pricing Actuary will be responsible for actuarial pricing, primarily for Chaucer’s Political Violence, Political Risk and Credit portfolios, with a focus on account pricing, benchmark rate reviews, and portfolio analysis.
Key Aspects of the Role:
- Strongly client-facing, involving support for broker negotiations, pricing advice for insureds, and developing new pricing capabilities.
- Contributions to other insurance classes as required across divisions, including reinsurance and innovation.
- Requires self-assessed technical pricing expertise, combined with excellent communication and commercial awareness to support clients and brokers.
- Located in London, working within the actuarial pricing team and underwriting guidance from the Insurance Pricing Manager.
Main Duties
- Develop an in-depth understanding of Political Violence, Political Risk, and Credit insurance classes, underwriting strategies, and market trends.
- Liaise with underwriters for account pricing during broker negotiations.
- Implement ongoing portfolio monitoring for individual accounts and the full portfolio.
- Propose new reporting metrics and improve measurement indicators (MI).
- Conduct model recalibration reviews and regulatory reporting.
- Support data collection and maintenance for pricing needs.
- Stay current with industry developments while developing new pricing and visualisation techniques to enhance best practices.
- Collaborate with the wider actuarial team on pricing methodologies, presentations, and knowledge sharing.
- Assist with other team-wide pricing tasks as required.
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Experience & Skills
Relevant Experience
Essential:
- Experience in general insurance pricing.
Desirable:
- Industry-specific experience in Political Violence, Political Risk, and Credit insurance.
- Hands-on experience in model development.
Technical Skills
Essential:
- Strong IT and numerical proficiency, including advanced knowledge of Excel and VBA.
Desirable:
- Technical skills in R, Python, or SQL.
- Experience in building dashboards using Power BI.
Education & Qualifications
Essential:
- 2:1 or 1st-class degree in mathematics (or an associated field, such as Physics, Engineering, or Statistics).
- At least three A-levels, including Mathematics.
Desirable:
- FIA qualification (strong candidates in progress towards FIA assessment will be considered). Note: Candidates not yet qualified would hold a temporary title of "Senior Pricing Analyst" until qualified.
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Personal Attributes & Skills
- High attention to detail and analytical precision.
- Self-motivated, concentrating on result-driven outcomes.
- Hardworking, committed, and adaptable to project requirements.
- Professional demeanour and consistency in presentation.
- Strong organisational skills for multitasking, meeting deadlines and budget planning.
- Work effectively individually and collaboratively across teams and with stakeholders at all levels.
- Flexible and proactive in adjusting to new priorities.
Other Responsibilities
Some travel may be required to support client, underwriter, and broker meetings.
Why Join Chaucer?
- Chaucer is a leading global insurer in both Lloyd’s and company markets, safeguarding industries including nuclear, shipping, manufacturing, and property. Headquartered in London, our international hubs in Copenhagen, Bermuda, Sydney, Ireland, Miami, Dubai, and Singapore ensure proximity to our global client base.
- Our strong financial performance has grown gross written premiums from $1.4bn in 2019 to $3.5bn in 2024, supported by our cohesive teams, scalable platforms, and long-standing industry relationships.
Core Benefits:
- Flexible hybrid work model tailored to personal and team needs.
- Diverse, inclusive culture celebrating individual differences.
- Generous employee benefits, including comprehensive medical and life cover, pension, flexible holidays, and well-being support.
(Note: All benefits are non-contributory.)
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