Senior Pricing Actuary (Technical Pricing)

At Zego, we know that traditional motor insurance holds good drivers back. It’s too complicated, too expensive, and it doesn't take into account how well you actually drive. 

That’s why, since 2016, we’ve been on a mission to change all of that. Our mission at Zego is to offer the lowest priced insurance for good drivers.

From van drivers and gig workers to everyday car drivers, our customers are our driving force — they’re at the heart of everything we do.

We’ve sold tens of millions of policies so far, and raised over $200 million in funding. And we’re only just getting started.

Who we're looking for

We are looking for a Senior Pricing Actuary (Technical Pricing) who will play a key role in defining and delivering our pricing sophistication strategy aiming to implement best-in-class pricing. You will partner with the Street Pricing and Pricing, Tooling, & Modelling teams in initiating and driving the vision, strategy, and deliverables to meet key objectives in a fast-paced, results-driven environment.

What we are looking for

You will use a combination of outstanding analytical reasoning, business acumen, and technical skills to bring the risk, demand, and market models to an implementable, technical price. You will use your ability to analyse and understand complex data to drive decisions on technical pricing models. You will have strong cross-functional skills and will be comfortable working closely with both actuarial and non-actuarial teams. You should be a self-starter who can manage multiple projects simultaneously and drive them to completion. 

Key Responsibilities

• Work closely with the Pricing, Tooling & Modelling team to review, challenge, and contribute to the development of risk, demand, and market models
• Develop the implementable, technical price based on the underlying models taking a mid- to long-term view of performance, external trends, costs etc.
• Collaborate closely with the Street Pricing team to bring the technical price to market, with required commercial adjustments.
• Define and drive the Pricing Sophistication Strategy and Roadmap for Zego including a continuous monitoring of the performance of all technical prices
• Develop, implement, and monitor KPIs aimed at the forward looking performance of each book, including the expected, prospective rating strength
• Analyse insurance data to identify trends, anomalies, and opportunities for improvements
• Collaborate with product, tech, and pricing teams to implement pricing changes effectively 
• Communicate key results and uncertainties to stakeholders and relevant committees

Required Skills

• Education: Bachelor’s or Master’s degree in Statistics, Mathematics, Economics, Actuarial Science, or related field
• Experience: Proven experience in motor insurance pricing, with a strong focus on technical pricing
• Technical Skills:
  • Hands-on experience with modelling and implementing pricing for non-life insurance
  • Experience with insurance pricing tools like Akur8, Emblem, or similar
  • Experience with tools such as SQL, R, Excel VBA or similar
• Soft Skills: Excellent communication and project management skills, with a proven ability to work collaboratively across teams and present complex information in a clear, accessible way

Nice To Have

• Python: Python programming skills, with experience in developing and maintaining analytics packages and tools. Familiarity with data science libraries such as pandas and scikit-learn
• SQL: Proficient in SQL, particularly with cloud data warehouses like Snowflake
• Data Tools: Familiarity with cloud-based data platforms (we’re on AWS) and data visualisation tools (Looker, matplotlib, seaborn)

What’s it like to work at Zego?

Joining Zego is a career-defining move. People go further here, reaching their full potential to achieve extraordinary things. 

We’re spread throughout the UK and Europe, and united by our drive to get things done. We’re proud of our company and our culture – a friendly and inclusive space where we can lift each other up and celebrate our wins every day.

Together, we’re setting the bar higher, delivering exceptional work that makes a difference. Our people are the most important part of our story, and everyone here plays a role. There’s loads of room to learn and grow, and you’ll get the freedom to steer your career wherever you want.

You’ll work alongside a talented group who embrace each other's differences and aren’t afraid of a challenge. We recognise our achievements, learn from our mistakes, and help each other to be the best we can be. Together, we’re making insurance matter. 

How we work

We believe that teams work better when they have time to collaborate and space to get things done. We call it Zego Hybrid.

Our hybrid way of working is unique. We don't mandate fixed office days. Instead, we foster a flexible approach that empowers every Zegon to perform at their best. We ask you to spend at least one day a week in our central London office. You have the flexibility to choose the day that works best for you and your team. We cover the costs for all company-wide events (3 per year), and also provide a separate hybrid contribution to help pay towards other travel costs. We think it’s a good mix of collaborative face time and flexible home-working, setting us up to achieve the right balance between work and life.

Benefits

We reward our people well. Join us and you’ll get a market-competitive salary, private medical insurance, company share options, generous holiday allowance, and a whole lot of wellbeing benefits. And that’s just for starters.

We’re an equal opportunity employer and we value diversity at our company. We do not discriminate on the basis of race, religion, national origin, gender, sexual orientation, age, marital status, or disability status.

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