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About the Role
The Senior Actuary, Pricing & Portfolio plays a pivotal role in driving pricing excellence, portfolio performance and sustainable growth across Pen Underwriting’s portfolios, providing trusted actuarial leadership and strategic insights to support underwriting decisions, capacity partnerships and long-term business success.
Responsibilities
- Lead pricing strategy, governance and actuarial oversight to ensure pricing adequacy, profitability and sustainable portfolio growth.
- Monitor and analyse portfolio performance, providing insights and recommendations to improve underwriting outcomes and loss ratios.
- Deliver portfolio reviews, forecasting and performance reporting, identifying key trends, risks and opportunities for improvement.
- Support binder renewals and capacity relationships through actuarial analysis, pricing assessments and portfolio performance reporting.
- Partner with underwriting, data and technology teams to enhance pricing models, rating tools and digital trading capabilities.
- Provide strategic actuarial advice to senior leaders, supporting product development, business planning and key business decisions.
Requirements
- Fellow of the Institute of Actuaries (or equivalent) with significant actuarial experience in general insurance.
- Strong expertise in pricing, portfolio analytics, performance management and advanced actuarial modelling.
- Proven ability to deliver actuarial insights and present recommendations to senior executives and external stakeholders.
- Strong commercial acumen, balancing technical excellence with practical business outcomes.
- Excellent communication and stakeholder management skills; experience within delegated underwriting, specialty insurance or capacity-led markets will be highly regarded.
Education Level
- Fellow of the Institute of Actuaries (or equivalent)
Salary/Compensations
- Competitive compensation
Benefits
- Comprehensive benefits programs designed to support your well-being
- Career development opportunities and ongoing learning
- A collaborative, people-first culture with accessible leadership
- The opportunity to do meaningful work with global reach and local impact
- Personalised career pathways
- Tailored training programs
- Tuition assistance
- Employee assistance program
- Additional Lifestyle Leave
- Gallagher Rewards, offering discounts at over 350 major retailers
- Employee Stock Purchase Plan
- Salary-sacrificed superannuation options
- Paid volunteering days
About the Company
- At Pen, we don’t just underwrite risk, we unlock possibility. We’re a dynamic underwriting and distribution business backed by the strength of Gallagher and powered by a belief that every challenge has a solution. With entrepreneurial energy, niche expertise, and a bold growth mindset, we’re transforming what it means to be an MGA in today’s insurance landscape.
- Gallagher is a global leader in Insurance broking, risk management and consulting, with over 71,000 employees worldwide in over 130 countries. We have a global reach with a local presence and pride ourselves on being a socially responsible and an ethical organisation expressed through our Shared Values, The Gallagher Way. We are proud to have been awarded one of Insurance Business Australia Top Insurance Employers and Forbes Best Employer for Women.
Equal Opportunity
- Gallagher is an Equal Employment Opportunity (EEO) employer committed to workplace diversity and inclusion. We embrace a working environment that celebrates individuality and fosters collaboration.
- Gallagher is an affirmative action/equal opportunity employer (Minorities/Females/Veterans/Disabled)