Chaucer Group
Pricing Actuary - Portfolio Solutions
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Pricing Actuary - Portfolio Solutions
Chaucer: Pricing Actuary – Job Description
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 position ourselves closer to our clients globally. Visit our website www.chaucergroup.com to learn more.
Job Summary
The Pricing Actuary will be responsible for actuarial pricing for Chaucer’s growing Partnership and Innovation portfolio across London and international offices. Chaucer’s Partnership team is a well-resourced and high-profile business within the Group, writing a combination of bespoke partnership deals, large market facilities, and innovative products.
This role is strongly underwriter and client-facing, involving:
- Support for broker negotiations and case-by-case pricing
- Development of portfolio analytics capabilities
- Strategic project coordination
- Enhancement of new pricing methodologies
The Pricing Actuary will also provide pricing support in other classes and Group-wide projects as required.
Key Candidate Attributes:
- Strong technical pricing skills
- Project management and communication expertise
- Passion for problem-solving and innovation
The position sits within the Actuarial pricing team in London, working alongside underwriting teams and top-level pricing leadership.
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Main Duties and Responsibilities
The Pricing Actuary will oversee and collaborate on pricing activities, including:
- Underwriting and broker support – Pricing for accounts and negotiation assistance
- Portfolio monitoring – Continuous analysis of accounts and overall portfolio health
- Tool and model development – Aligning with actuarial frameworks and technology
- Analytics & decision support – Leveraging data for risk selection and optimisation
- Portfolio deep dives & reviews – Supporting model usage, analysis, and strategic oversight
- Risk alignment – Ensuring pricing adheres to evolving exposure management frameworks
- Industry thought leadership – Driving new techniques, visualisations, and best practices
- Cross-functional collaboration – Partnering with underwriters, pricing teams, and management
- Teaching & sharing knowledge – Presenting pricing approaches to wider actuarial teams
- Junior colleague mentoring – Managing project teams and cross-functional contributors
Requirements
Relevant Experience (Essential)
- Proven experience in London Market pricing
Relevant Experience (Desirable)
- Hands-on experience pricing bespoke deals or large facilities
- Skill in extracting portfolio insights from data
Technical Skills (Essential)
- Strong actuarial expertise
- Proficiency in advanced Excel, including complex simulations/calculations
Technical Skills (Desirable)
- VBA or Python for automation/development
- SQL for data extraction or analysis
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Education & Qualifications
- FIA Qualification (Fully Qualified Actuary)
- First or upper-second-class degree in Mathematics or a related field (e.g., Physics, Engineering, Statistics)
- Three or more strong 'A' levels, including mathematics
Personal Skills
- Strong stakeholder and project management skills (coordinating across teams)
- Excellent interpersonal, verbal and written communication
- Intellectually curious, strategic thinker with a results-driven mindset
- Self-motivated, committed, and responsible
- Ability to collaborate, work in teams, and engage effectively at all levels
Additional Responsibilities
- Occasional travel to support meetings with underwriters and clients
- Attendance at Chaucer’s various underwriting locations, as required
Why Join Chaucer?
Chaucer is a global insurer operating at Lloyd’s and beyond, helping industries like shipping, nuclear, manufacturing, and property manage risk. With strong financial growth (premiums rising from £1.4bn in 2019 to £3.5bn in 2024), we’re backed by:
- Strong teams, platforms, and client relationships
- Future growth potential
Our Offering Includes:
- A flexible hybrid work model tailored to individual and team needs
- A diverse, inclusive culture that values human connection
- Comprehensive non-contributory benefits:
- Medical and life insurance
- Pension plans and flexible holidays
- Wellbeing support and personal growth initiatives
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