Department
Actuarial
Team
LMRe Actuarial
Location
London
Type
Permanent
About the Role
At LM Re, our pricing transformation is a live, multi‑year initiative to migrate the majority of LM Re pricing models onto the hx platform, using a modular, reusable architecture across classes of business rather than traditional line‑of‑business models. This project is one of several high‑profile investments aimed at transforming the LM Re business capabilities through people, process, data & technology change.
Reporting to the Head of LMRe Portfolio, Pricing & Analytics, this role supports the delivery of a high‑profile Global Reinsurance Pricing Platform built on hx Renew. The cloud‑based, fully integrated solution enables Underwriters and Actuaries to move away from team‑specific pricing tools and supports enhanced risk decision‑making through improved data aggregation, global pricing consistency, and increased efficiency.
As part of an Agile delivery team, the role works closely with Actuarial, Underwriting, Business Agility, Technology, Operations to support the implementation of a best‑in‑class pricing platform. The role strengthens pricing model foundations, embeds best practice, and helps build durable platform capabilities that minimise rework, technical debt, and integration risk as the platform evolves.
Stakeholders
- Metaline actuaries: partner closely to translate pricing and modelling requirements into buildable solutions and support effective adoption.
- Business Agility, Technology and Operations as part of an agile pricing transformation team
- Underwriting: To help drive better underwriting decision making through account pricing, portfolio deep dives and product development
- LM Re Data & Management Information Team: As a key user of central MI, you will be critical in ensuring the required data is captured, appropriate pricing metrics are designed and used
About the Department & Team
The actuarial team evaluate business performance and provide LM Re management with a clear, risk‑based view for making decisions on business strategy and risk mitigation. The department covers aspects of actuarial work including pricing, non‑cat parametrisation and business planning. The team also collaborate with other functions in the actuarial support of data & analytics, capital management, exposure management and reinsurance purchasing & strategy.
The LM Re actuarial team consists of 24 members, across Singapore, Paris, London, Stamford, and Boston. We form part of the wider, 60 person, LSM actuarial team.
Key Responsibilities
- Pricing Models - support development of pricing tools and MI as part of the wider underwriting transformation, delivering next generation pricing models on leading‑edge platforms to increase pricing sophistication, improve data quality, functionality, user experience, and speed up model build/maintenance.
- Drive personal and team capability development to strengthen the technical skills and analytical capabilities required for future‑facing actuarial work.
- Support the LMRe’s pricing model risk governance framework and assist in the delivery of projects in compliance against both internal and external standards.
- Support LMRe‑wide strategic initiatives by enabling greater use of data and analytics to strengthen underwriting and portfolio decision‑making.
- Understanding the external and competitive landscape and to increase help LM Re’s position and reputation in the market.
- Adherence to all relevant regulatory requirements forms part of your role, and the demonstration of behaviours as set out in the Conduct Risk Policy, as they relate to your role, is core to LSM's commitment to our Liberty Values, placing customers at the centre of our business and behaving with integrity. LSM expects you to understand your responsibilities relating to all regulatory and internal requirements, and to proactively demonstrate compliance with these requirements and behaviours at all times. These requirements include the Senior Managers and Certification Regime Conduct Rules, Solvency II, fair treatment of customers, Financial Crime, Data Protection, Conflicts of Interest, and Whistleblowing.
Skills and Experience
- Qualified actuary with relevant work experience ideally in reinsurance.
- Requires educational attainments: 2.1 or better (or equivalent) in a numerate/scientific degree and an A / A* in A-Level Maths or equivalent.
- Strong IT skills with practical experience (and/or desire to learn) in Excel, SQL, Python, R, PowerPivot, Power BI, and DAX and demonstrated experience working with rating technologies such as Hyperexponential (hx) Renew or comparable platforms is required.
- Highly self‑motivated and adaptable, with a strong desire to continuously develop expertise and align work to evolving business needs and organisational objectives.
- Take clear ownership of deliverables, managing complex, multi‑stakeholder workstreams to define success criteria, prioritise competing demands, and deliver high‑quality outcomes on time, with effective handovers and proactive response to feedback.
- Strong analytical, decision‑making, and negotiation capability, with the ability to assess trade‑offs and make sound judgements in complex or ambiguous situations.
- Ability to apply appropriate methods and data to produce well‑structured analysis, assess trade‑offs, form sound recommendations, and communicate conclusions clearly with robust audit trails.
- Strong communication and interpersonal skills, with the ability to clearly explain complex concepts to stakeholders with varying levels of technical and actuarial understanding.
- Ability to build strong cross‑functional relationships, engaging stakeholders in inclusive problem‑solving and contributing to capability development through collaboration and coaching.
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