Pricing Actuary

Time Type: Full time

Worker Type: Employee

Pricing Actuary

Location: London

Type: Permanent (Hybrid)

About QBE

At QBE, we get to the heart of what matters for our customers. And we do it all with a human touch.

We’re an international insurer with more than 13,000 people working across 26 countries – which means we’re big enough for your ambitions, yet small enough for you to make a real impact.

It’s an exciting time. We’re building momentum towards our vision to become the most consistent and innovative risk partner.

As part of the QBE team, you’ll get to spend every day working with people who are passionate, talented, and kind.

Having the right to work in the UK is a requirement for this role. QBE may consider sponsorship at its discretion.

The opportunity

We have an opportunity for a Pricing Actuary to join our Data Science Pricing team in London. The role will include creating future-focused processes and tools that will help both Marine and the wider pricing transformation.

It will give you exposure to the London Market, with the world’s largest and most complex insurance risks.

Our vision is to be the market-leading Pricing Data Science team, working with Underwriters to deliver profitable business, investing in the development of every team member to build expertise in both insurance and data science.

We aim to provide them with the tools and data that they need to excel in their roles.

Your New Role:

• Work with the Marine Pricing Data Science lead and build strong relationships with Marine underwriters working in the European and Lloyd’s markets.
• Be responsible for the ongoing development of Marine models used by the various Marine underwriting teams (covering Cargo, P&I, Hull, Liability, Ports & Terminals, Specie, and War).
• Work on the case pricing of larger risks and binders.
• Fuse new data science techniques with traditional pricing methods to help form a market-leading team of pricing data science professionals.
• Provide support and guidance to junior members of the Marine Pricing Data Science team.

About You:

• Knowledge and experience of working in General Insurance; specific experience within Marine classes (Cargo, Hull, P&I, etc.) is advantageous.
• Qualified / Nearly qualified actuary, or a similar mathematical or scientific qualification backed up by relevant experience in the insurance industry.
• Strong analytical and problem-solving skills.
• Excellent communication skills and collaborative mindset.
• Willingness and desire to learn new skills.
• Ability to manage multiple priorities and projects.
• A quantitative undergraduate degree.
• Experience in using Excel, Python, R, SQL, or other programming languages.

Perks:

• Work for a world-leading insurer alongside experts in pricing, data science, insurance underwriting, claims, and information technology.
• Develop and deploy industry-leading pricing and machine learning models into a $5 Billion book of business.
• Invest in your personal development with support to train and learn new skills.
• Utilise high-quality data science lab environments including QBE’s Google Cloud Platform.
• Exposure to the London Market: the world’s largest and most complex insurance risks, and gain exposure to UK, European insurance, and Reinsurance sectors.
• Competitive compensation, pension, training, and benefits.
• Study support for actuarial exams and other relevant professional qualifications.

Benefits:

We offer a range of benefits to help provide holistic support for your work life, whatever your circumstances. As a QBE employee, you will have access to and benefit from:

30 days holiday a year with the option to buy up to 2 additional days.

Flexible working: balancing work and life is important so our flexible working opportunities are open to all, this can include part-time, job share, and compressed hours.

Pension: you are automatically enrolled into the QBE pension plan, which entitles you to receive employer contributions of 10% of your basic salary.

Private medical insurance: we fund fully comprehensive private medical cover for you and all the family.

Family friendly policies: we offer 26 weeks leave at full pay regardless of gender identity, sexual orientation, or how you become a parent.

Short term remote work abroad: you can request up to 20 days per year to work remotely from certain locations abroad.

Sustainable investing: we believe sustainable integration is important for long-term financial, environmental, and social outcomes.

Our pension strategy supports our net-zero goal to achieve year-on-year reductions in carbon footprint, by investing more in green businesses than the broader market.

Cycle-to-Work: benefit from regular exercise whilst making your commute greener and cheaper, select a bike and/or accessories up to the value of £5,000.

Awards & Recognition:

We value our employees’ experience with us and are proud to have been recognized for various awards.

Winner of Excellence in Diversity, Equity & Inclusion Award 2025 at the Insurance Business Australia Awards for our Respect program.

Insurance Post British Insurance Awards 2025: Winner: Commercial Lines Insurer of the Year, Winner: Reinsurer of the Year - QBE Re, Winner: ESG, Diversity, Equity and Inclusion Initiative of the Year, Winner: Insurance Personality of the Year - Chris Wallace, Executive Director UK insurance.

AXCO Global Insurance Awards 2024 Winner: Network Management of the Year.

Insurance Business UK 5-Star Cyber Awards 2024: QBE rated as a 5-Star Cyber Insurer.

UK IT Industry Awards 2023 Winner: Green Technology Innovation of the Year.

Working Dads Employer Awards 2023 Winner: Parental Policies Award.

Insurance Post British Insurance Awards 2023: QBE rated as a 5-Star Employee.

Apply now and let’s make it happen!

If you’re looking for a career that combines your expertise and your empathy, apply today.

Your career. At the heart of it.

Skills:

Actuarial Science, Analytical Thinking, Collaboration Tools, Communication, Critical Thinking, Customer Service, Data Quality Assessments, Intentional Collaboration, Managing Performance, Price Modelling, Pricing Strategies, Programming Languages, Research Analysis, Risk Management, Working Independently.

Equal Employment Opportunity:

QBE is an equal opportunity employer and is required to comply with equal employment opportunity legislation in each jurisdiction it operates.