Actuary for Pricing Strategies

Job Title: Actuary for Pricing Strategies Division: Finance - Actuarial Reports To: Lead Pricing Actuary - Cyber & Executive Risks Key Relationships: Underwriters and business managers, Beazley actuaries, Claims managers, Data Management and Ceded Reinsurance teams, regulators, external actuaries, brokers. Job Summary: Join our team as an Actuary focusing on pricing within the Cyber Risks Division and Executive Risks classes at Beazley. You will be instrumental in optimizing pricing strategies to ensure our market offerings are competitive and adequate. Key Responsibilities: Technical Provide dedicated pricing support for Cyber & Executive Risks underwriting teams. Develop and refine pricing tools to improve the accuracy of rate assessments. Conduct comprehensive portfolio and transactional pricing analyses to evaluate pricing strategies. Perform detailed segmental and trend analyses to inform pricing decisions. Monitor performance metrics such as rate changes and price adequacy. Maintain and enhance pricing models to meet established standards. Prepare and contribute to reports for key committees as necessary. Deliver training to underwriters on pricing techniques and regulatory requirements. Collaborate with teams to ensure compliance with pricing controls and regulatory standards. Participate in special projects, including liability transfer valuations and business planning analyses. Support and mentor junior team members to foster a collaborative environment. Stay informed about industry best practices and regulatory changes that may affect pricing. Ensure data quality for pricing decisions by collaborating with Underwriters, Claims managers, and Data Management. Conduct regular documentation reviews of pricing models with necessary managerial sign-offs. Identify and implement improvements in pricing processes and methodologies. Engage in ongoing professional development and pursue necessary actuarial qualifications. General Expectations: In all interactions, you will embody Beazley’s core values of Being Bold, Striving for Better, and Doing the Right Thing, contributing to our team environment and promoting a positive brand experience. Comply with Beazley’s procedures, policies, and conduct regulations. Engage in training provided on company policies and compliance measures. Uphold ethical standards to protect the interests of our customers. Ensure customer interactions are focused on delivering fair and suitable outcomes. Stay updated on specific responsibilities and continue to develop professionally. Personal Specification: Essential Criteria: Actuarial qualification. Relevant pricing experience, particularly within the specialty (re)-insurance market. Strong foundation in actuarial/statistical pricing techniques. Knowledge of reinsurance and capital application in pricing. Education and Qualifications: University degree in Mathematics or a related discipline. Skills and Abilities: Strong commercial and financial acumen. Proficiency in MS Excel with desirable skills in VBA, Access, Python, SQL, and R. Exceptional analytical skills with an attention to detail. Effective communication skills, both verbal and written. Ability to work collaboratively and independently. Strong time management skills and ability to prioritize effectively. Aptitude and Disposition: Results-focused, self-motivated, adaptable, and eager. Professional demeanor for interactions with colleagues and stakeholders. Competencies: Achievement and solutions-focused. Strong analytical capabilities. Proactive in seeking information. Attentive to stakeholder needs. Initiative-driven. Integrity in work conduct. Responsibility for tasks assigned. Detail-oriented approach. About Us: Beazley is a pioneering insurance company with over 30 years of experience in helping individuals and businesses manage risk worldwide. Our mission is to inspire confidence and freedom in our clients, enabling them to thrive while protecting against various risks. Our Culture: At Beazley, our diverse workforce is our strength, promoting innovation and progress. We foster a collaborative and inclusive environment, guided by our core values: Be Bold, Strive for Better, and Do the Right Thing. Be bold Strive for better Do the right thing By upholding these values, we adapt to the changing world and affirm our commitment to diversity and sustainability. We encourage applications from all backgrounds and offer a supportive atmosphere for all employees. Career Development: At Beazley, we encourage internal career progression, providing tools and resources for your professional growth. Internal Pathways for career advancement. Access to iLearn and LinkedIn Learning platforms. Mentorship opportunities. Support for external qualifications. Continuing education reimbursement. Flexible secondment options. The Rewards: UK Benefits: Competitive base salary with performance-related bonuses. Comprehensive medical insurance for you and your dependents. Life assurance and long-term disability insurance coverage. Pension scheme with a considerable employer contribution. 25 days of annual leave plus public holidays and options for additional leave. Paid volunteer leave for charity work. Home office setup reimbursement and additional perks. US Benefits: Competitive salary with performance-based bonuses. Medical, dental, and vision insurance options. 401(k) plan with a company match and immediate vesting. Generous PTO and paid holidays with flexible options. Home office setup reimbursement and various workplace perks. The expected salary range for this role is $134,000 - $157,000 per year, plus a discretionary annual bonus.

Created: 2026-03-05