Head of Pricing

9 Days Old

Job Description

Head of Pricing for a major managing agency - new role


Our client has laid significant ground work to start a 2-3 year pricing transformation journey for their operations, which comprise of a managing agency with two wholly owned syndicates. As part of this journey, they have created a new role for a Head of Pricing, to cover all syndicates under management. The role will see you inherit a small pricing staff, with the remit to 1) expand the team and 2) implement a modern, web based pricing platform.


What does success in the first six months look like? You will need to have met with the management team and all major stakeholders, including senior underwriters, with the aim of understanding the pricing processes as well as the business lines. You will have produced a clear pricing team strategy, using your professional judgment as well as lean ing on some ground work done by external actuarial consultants. Working with the support of the management team and Chief Actuary, you will have gained approval to start recruiting for some more pricing staff, and also started to pilot some pricing platforms, with the objective of starting to migrate the Excel-based pricing models to deploy into production.


What are we looking for? Experience of pricing large scale, complex commercial risks, either within a Lloyd's or broader London Market, corporate and commercial environment. Ideally you will have some experience of (or at least demonstrate potential for) managing staff. You will likely have some experience of process improvement, either as a leader or team member, and can articulate clearly what you've learned (and what to avoid). Any experience of presenting, being part of committees or work groups (even outside of work) will be welcome.


The package is extremely attractive and will come with a strong base salary, generous bonus target with multiplier, eligibility for LTIPs and one of THE leading pension schemes in the Lloyd's market.


This is an exclusive search so please get in touch for further details. We have started our proactive outreach to senior pricing actuaries, heads of pricing and pricing managers at larger entities and divisional pricing actuaries but we would also welcome a discussion if you feel you have the right skills and experience for the role. Shortlist due in the new year.

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Location:
London
Job Type:
FullTime
Category:
Business

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