Casualty Pricing Actuary
- london, england, United Kingdom
- Permanent·On-site
- Full time
- £70 - £100 Per Hour
Job Description
Raretec is delighted to be working exclusively on this Casualty Pricing Actuary role in London with OAK Global, a leading Lloyd's risk partner.
About OAK Global
OAK Global is a leading risk partner, delivering innovative and tailored risk solutions to clients around the world. Rooted in the strength of Lloyd's and with a mission to underwrite a resilient future, OAK Global aims to deliver innovative risk solutions in a fast-evolving risk landscape. The company prides itself on fostering trusted partnerships and leveraging advanced analytics and underwriting expertise to deliver growth for investors and partners.
Headquartered in London and launched in late 2024, OAK Global offers specialist capability across property, cyber, credit, marine, energy and terrorism, transition and innovation. OAK Global is at an exciting stage of growth; within its first year, the company launched two Syndicates: OAK Global insurance (Syndicate 2843) offers primary reinsurance while OAK Enterprise (Syndicate 1440) offers retrocession across multiple classes of business. Backed by diverse investors, from private equity to Lloyd's Names and trade capital, OAK Global is investing heavily in talent and technology to support its growth ambitions.
At the heart of OAK Global is a culture where everyone feels welcome, challenged and connected to our purpose. This culture thrives on collaboration, authenticity and a commitment to help others realise their potential - we value and respect the unique skills of every individual and foster an environment that enables ambition.
The role
Reporting to a Senior Actuary, you'll support the pricing and actuarial function across OAK Global. This is a broad, hands-on role that offers exposure to underwriting, capital, finance and strategy, alongside the chance to help develop OCEAN, our proprietary underwriting and pricing platform.
We recognise that no one joins knowing everything. You'll be supported to grow your technical skills, confidence and commercial judgement over time.
- Early exposure to real commercial decisions
- Strong support for learning, exams and career development
- The chance to help shape tools, processes and ways of working from the ground up
Key Responsibilities
Pricing & underwriting support
- Partner with underwriters across multiple classes to price individual risks accurately and consistently
- Apply approved pricing tools and methodologies, with guidance and peer support
- Clearly document pricing assumptions, rationale and outcomes to an auditable standard
- Help train and support colleagues in the use of pricing tools and models
- Build, maintain and improve class pricing models
- Document models in line with actuarial and internal standards
- Participate in peer reviews and model validation, learning best practice as you go
- Help keep models up to date through version control and structured change logs
- Support business planning through historical analysis and projections
- Contribute market and portfolio insights to planning and SBF submissions
- Assist with capital model inputs and scenario analysis alongside the Capital team
- Help develop clearer portfolio views and management information for decision-makers
Reserving & finance suppor t
- Provide analysis to support reserving and financial reporting cycles, including:
o Cat and non-cat loss modelling
o Class-level and portfolio analysis
o Loss ratio commentary and ceded analysis
- Support analysis of retrocession structures, including scenario testing and ROE impact
- Help assess cost/benefit trade-offs under guidance from senior colleagues
- Contribute ideas, testing and feedback to the ongoing development of OCEAN
- Work with IT and Data colleagues to improve data quality, controls and usability
Strategic projects
- Assist with analysis of new classes, ventures or strategic opportunities
- Support profitability, portfolio and capital impact assessments
- Occasionally contribute to presentations or materials for internal and external use
- Take part in mentoring and development conversations
- For actuarial students, progress exams in line with an agreed study plan
Skills and Experience
- Degree or equivalent experience
- 5+ years' actuarial experience
- Strong pricing experience - Casualty pricing experience a clear advantage
- Ideally some reinsurance pricing experience, desired not essential
- A strong insurance pricing background would also be considered
- Excellent analytical skills with a risk-focused mindset
- Ability to communicate technical concepts clearly to non-actuarial stakeholders
- Interest in technology, modelling, and data-driven decision-making