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Pricing Actuary

Posted 10 days 11 hours ago by The Acorn Group

Permanent
Full Time
Academic Jobs
London, United Kingdom
Job Description

The Acorn Group is one of the fastest growing insurance businesses in the UK, delivering specialists motor insurance products through a unique and integrated model. With over £700m in GWP and exceptional performance in a highly competitive market, we're on a mission to become the UK's leading specialist motor insurer.

We're looking for outstanding pricing talent to join our high-performing Pricing team. You'll have the opportunity to shape our pricing sophistication, implement innovative data science techniques and make a real impact in a business where your input truly matters.

As a Pricing Actuary, you will play a pivotal role in the delivery of pricing strategy and innovation across Private Car, Telematics, Commercial Vehicle, and Taxi products. Working with a small team of expert actuaries and data scientists you'll help drive business critical decisions using advanced statistical and machine learning models.

Job Title: Pricing Actuary

Location: Liverpool or London on a hybrid basis

Working hours: 37.5 hours per week, Monday to Friday, 9am to 5:30pm

What you will be doing:
  • Build statistical and machine learning models to enhance risk cost and profitability predictions
  • Conduct data analysis to support segmentations, performance monitoring and modelling enhancements
  • Identify and implement innovative solutions for pricing and policy growth
  • Present insights and solutions clearly to senior stakeholders
  • Contribute to our dynamic and fast paced pricing roadmap
What we are looking for:
  • A background in statistical, data science or actuarial roles
  • Proficiency in Python for data handling and predictive modelling
  • 2+ years UK motor pricing experience, ideally building GBMs
  • Solid understanding of GI pricing, GLMs and machine earning techniques
  • Strong communication skills, with the ability to translate technical detail for non technical stakeholders
  • A proven ability to deliver pricing initiatives with tangible results
  • Independent thinker, self starter and a problem solver
  • A mathematical degree with strong academic performance is desirable
  • Bonus: Experience with Emblem, Radar, Radar Live, or Databricks
Grow with Acorn

At Acorn Insurance , we're proud of our Liverpool roots - and even prouder of how far we've come. As part of the Acorn Group , we bring over 40 years of specialist insurance expertise to the table. From humble beginnings, we've grown into a national leader, now employing 1,700+ people across the UK and reached a milestone £750 million in total value of insurance policies written in 2024.

We're growing fast, with new opportunities emerging every week. That growth is largely due to the values we share :

W e run through walls for our customers and each other

W e challenge the status quo

W e succeed when we help those around us succeed

We decide quickly when the smart thing to do is use our judgement

A maximum of 35 days' holiday ( depending on role and tenure) including bank holidays, with addit ional buy/sell options

24/7 mental health support & free counselling available

Grow with us : Through career fairs, leadership programs, and learning on the go!

Flexible benefits , including early access to salary via our internal platform

H ybrid working options to support work life balance and individual needs

Our Commitment to our colleague ' s :

T hese aren't just words - they're the principles we live by. And we're proud to back them up with real action, earning recognition and accreditation from leading organisations that share our commitment to people and growth:

Mindful Employer - championing mental health and wellbeing

Disability Confident Level 1 & 2 - creating accessible, inclusive opportunities

Menopause Friendly accredited - supporting every stage of life

️ Armed Forces Covenant signatory - honouring those who serve

️ Armed Forces Defence employer recognition scheme - Supporting those who serve

Great Places to Work 2024/25 - fostering an engaging and positive workplace culture

Best Place to Work for Development - proud to be investing in people's future

A Few Things to Know Before You Apply

We're really excited that you're considering joining Acorn! To help everything go smoothly, here are a couple of things to keep in mind:

If your application is successful, we will commence relevant employment checks prior to you commencing employment with us. These will include a standard criminal record check and an insolvency register check.

Visa Requirements B ecause our training is quite comprehensive, we can only consider applicants who have at least one year remaining on their Graduate or Post Study Work visa. At the moment , we're not able to offer visa sponsorship.

We're Here to Support You W e're committed to creating an inclusive, supportive workplace where everyone can flourish . If you need any adjustments during the recruitment process-or once you're part of the team-just let us know. Whether it's flexible hours, adapted equipment, or a bit of extra support, we'll work with you to make sure you can do your best work.

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