Pricing Build Manager

About us

We are seeking a Pricing Build Manager for a Corporate & Specialty Insurer. With over 120 years of experience, they operate across five continents, around 40 countries and employs over 5,000 people worldwide.

This is a newly created management position, leading the Pricing workstream that is focused on pricing projects. We're seeking an actuary with great project management skills.

The role

• Strategic Leadership and Oversight: Support the Head of Technical and Specialty Pricing in providing strategic direction across the 'Technical Pricing' Function.
• Actuarial Development and Delivery: Oversee the development and delivery of new pricing tools and Level 3 pricing reviews for both local and global models, ensuring compliance with relevant documentation standards and the replatforming of existing tools and datasets.
• Relationship and Stakeholder Management: Build and maintain effective internal relationships to facilitate cross-functional collaboration, particularly with Pricing Development and UK Pricing Delivery teams, while representing the company externally at relevant events.
• Project Management and Compliance: Lead end-to-end management of actuarial projects, ensuring compliance with regulatory requirements (FCA, PRA), and providing accurate documentation in line with company policies and actuarial best practices.
• Leadership, Team Development, and Process Improvement: Guide team performance and development by identifying skill gaps, managing HR-related matters, and driving process improvements while addressing risks and control weaknesses to maintain high operational standards.

Key accountabilities

Actuarial

• For all fully local and Global models:
  • Development and delivery of new pricing tools to satisfy Fully Local or Global requirements
  • Development and delivery of Level 3 pricing reviews to the agreed scope
  • TAS compliant documentation for all Level 3 pricing reviews
  • Replatforming of existing pricing tools and migration of existing datasets

Relationship Management

• Build strong and effective relationships within the business, encouraging cross Company team working to facilitate effective commercial underwriting decisions.
• In particular working with the Pricing Development team to ensure the required coding, process and documentation standards are met and the UK Pricing Delivery teams to ensure a smooth transition from project builds to ongoing delivery support
• Represent the company externally at any appropriate events

Compliance and Conduct

• Maintain an understanding of and comply with all relevant FCA / PRA / Company regulatory requirements and other relevant regulatory requirements

Project Management

• End to end project management of Actuarial projects

Reporting

• Ensure appropriate documentation is completed for allocated work with the necessary commentary, insights and findings in line with Global Specialty policies and procedures, and actuarial best practice.

Leadership and Team Performance

• Work with the people team on any HR related people matters
• Oversee the development of the team by ensuing they have the opportunities, training and experience to expand their knowledge and improve their skills
• Identify skills gaps and training requirements of the function.
• Ensure the performance of the function remains at an excellent standard ensuring that:
  • Objectives are met in full and in a timely fashion
  • Performance objectives are cascaded appropriately.
  • Performance review forms are submitted to the required standard.
  • Underperformance is actively managed.

Process Improvement

• Identify and enhance the quality and value of processes across the function
• Report any existing or new risks, as well as significant control failings/weaknesses or events that may arise to the head of function.

Skills & experience

• Experience of Specialty Pricing
• Experienced user in software relevant to actuarial analyses (e.g. SQL, GLM software, Python, PowerBI, etc)
• Strong knowledge of Microsoft Excel and VBA for excel
• IFoA qualified or equivalent experience
• Extensive and varied knowledge of Market Actuarial pricing experience
• Experience of managing technical experts