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About the Role

Starr, a global leader in commercial insurance, seeks an Actuarial Pricing professional to deliver technical pricing, maintain independent pricing views, and conduct calibration exercises. This role involves owning and stewarding pricing models, acting as a business partner to underwriting divisions, and providing actuarial challenge on pricing matters. You will also be responsible for analytics, management information, and contributing to business planning and risk assessment.

Responsibilities

Own and deliver technical pricing across assigned classes of business, including case pricing, portfolio pricing, and ad hoc analytical work.
Maintain independent and objective pricing views, remaining commercially aware and sensitive to business needs without being subject to commercial pressure.
Conduct calibration exercises across assigned classes to reduce model adjustments, bias, and noise in deployed pricing models.
Review underwriting adjustments to model outputs, assessing their suitability and escalating material concerns.
Ensure appropriate pricing controls are embedded within all deployed pricing models.
Contribute to business planning for all classes within the divisional remit, coordinating the pricing function's input.
Hold accountability for all pricing models deployed to the business within the assigned division, including sign-off on model releases.
Maintain technical competency to interrogate pricing model databases, update model parameters, perform code changes, and review back-testing results.
Maintain awareness of how pricing systems are implemented and maintained to enable effective oversight and collaboration.
Provide specifications and requirements for model developments, taking ownership of the output.
Adhere to all pricing governance policies, including those governing the review, approval, and release of models into production.
Deliver training to underwriting teams on deployed pricing models.
Act as the primary point of contact for the assigned underwriting division, building trusted working relationships.
Represent the pricing function at Pricing Committee, presenting items originating from the assigned division.
Provide actuarial challenge on pricing-related matters, maintaining a clear boundary between actuarial and underwriting judgement.
Support functions outside of underwriting on actuarial pricing matters pertaining to the assigned division.
Act as the primary point of contact for regulatory queries relating to class-specific pricing matters.
Monitor and report pricing metrics across the assigned division, including pricing adequacy and risk-adjusted rate change (RARC).
Develop MI to identify underperforming segments and inform portfolio optimisation decisions.
Coordinate the design and delivery of class-specific management information.
Propose rate changes and conduct impact analyses, presenting findings to senior stakeholders.
Work closely with the Exposure Management team to monitor risk aggregations.
Contribute to the annual planning cycle and the feedback loop between planning, reserving, pricing, and capital.

Requirements

Qualified UK actuary or equivalent, with actuarial skills applied in a general insurance pricing context.
Proven pricing knowledge across London Market or specialty lines of business, including delegated authority contracts and large open market accounts.
Ability to maintain independent and objective analytical views in a commercial environment, with strong awareness of the boundary between actuarial and underwriting judgement.
Experience delivering case pricing, calibration exercises, MI development, and portfolio analysis.
Strong collaboration and stakeholder management skills, with demonstrated ability to build trusted relationships with underwriting teams.
Experience managing or directing junior actuarial staff, including technical supervision and peer review.
Strong written and verbal communication skills, including experience presenting to senior stakeholders.
Experience working across multiple lines of business or in a divisional actuary capacity within the London Market (preferred).
Familiarity with pricing software and model governance frameworks, including experience using or overseeing hx Renew or similar platforms (preferred).
Experience with programming in Python or R (preferred).
Knowledge of Lloyd's regulatory requirements, AFR processes, and PRA/FCA pricing-related conduct expectations (preferred).
Experience contributing to business planning, capital allocation, or reserving feedback cycles (preferred).

Skills

Actuarial pricing
Technical pricing
Case pricing
Portfolio pricing
Analytical work
Model calibration
Pricing controls
Business planning
Model ownership
Model stewardship
Technical competency
Data interrogation
Model parameter updates
Code changes
Back-testing
Pricing systems oversight
Model development specifications
Pricing governance
Training delivery
Stakeholder management
Relationship building
Pricing Committee representation
Actuarial challenge
Regulatory query response
Management information (MI) development
Portfolio optimisation
Rate change proposals
Impact analysis
Risk aggregation monitoring
Python programming
R programming

Location

London

Work Type

Full-time

Experience Level

Qualified UK actuary or equivalent
Proven pricing knowledge
Experience delivering case pricing, calibration exercises, MI development and portfolio analysis
Experience managing or directing junior actuarial staff
Experience working across multiple lines of business or in a divisional actuary capacity
Experience using or overseeing hx Renew or similar platforms
Experience with programming in Python or R
Experience contributing to business planning, capital allocation or reserving feedback cycles

Education Level

Qualified UK actuary or equivalent

Benefits

First class training and development opportunities

About the Company

Starr is a global leader in commercial insurance with over a century of expertise.
We empower our employees to innovate, make impactful decisions, and build lasting client relationships worldwide.
We operate in an entrepreneurial culture alongside accessible leaders.
We leverage our financial strength and vast industry experience to deliver solutions for our clients.
We are a rapidly growing company that invests in its people and their ability to drive real progress.

Equal Opportunity

Starr is an equal opportunity employer, which means we'll consider all suitably qualified applicants regardless of gender identity or expression, ethnic origin, nationality, religion or beliefs, age, sexual orientation, disability status or any other protected characteristic.
We recruit and develop our people based on merit and we're committed to creating an inclusive environment for all employees.
Our aim is to grow our own talent and bring out the best in people.