Head of Pricing Oversight

Head of Pricing Oversight

Department: Managing Agency

Employment Type: Permanent

Location: London

Description

Polo Managing Agency (PMA) is seeking an experienced and commercially astute Head of Pricing Oversight to lead and enhance pricing governance across our managed Lloyd's syndicates.

This is a highly influential leadership role, providing independent oversight of syndicate pricing capabilities, frameworks and decision‑making processes. Working closely with Boards, Senior Management, Underwriting teams and Lloyd's, you will play a critical role in ensuring robust pricing governance, underwriting profitability and regulatory compliance, while helping to drive client growth and market‑leading standards.

As a senior member of the Actuarial Function, you will provide expert challenge and guidance to syndicates, support new market entrants, contribute to strategic decision‑making and help strengthen PMA's reputation as a leading managing agency.

Key Responsibilities

• Overseeing pricing frameworks and capabilities to ensure alignment with Lloyd's Principle 1.6 (Underwriting Profitability - Pricing).
• Providing independent review and challenge of pricing methodologies, assumptions and governance.
• Maintaining and developing PMA's Underwriting & Pricing Policy.
• Ensuring pricing activities operate effectively within regulatory and professional standards.

• Acting as a key leader within the PMA Actuarial team, influencing strategy, priorities and team development.
• Supporting the growth of PMA by contributing to new client opportunities and market initiatives.
• Supporting new syndicates through Lloyd's application and "Making It Happen" processes.
• Building strong relationships across underwriting, claims, finance, risk and senior leadership teams.

You will oversee and challenge all aspects of syndicate pricing operations, including:

• Pricing model development, validation and recalibration processes.
• Governance, peer review and approval frameworks.
• Price adequacy assessment and rate monitoring.
• Pricing management information and reporting.
• Delegated Authority pricing governance.
• Data governance, collection, storage and quality standards.
• Technology and pricing system architecture.
• Resource planning for pricing teams.
• Training and development programmes.
• Alignment of pricing assumptions with capital modelling, exposure management and reinsurance strategy.

• Presenting pricing insights and recommendations to Underwriting Committees and Syndicate Management Committees.
• Producing high-quality pricing packs to support effective decision-making.
• Supporting Board training on emerging pricing topics and market developments.
• Contributing to ORSA reporting and Actuarial Function Reports, including opinions on underwriting policy and reinsurance adequacy.

• Acting as a key liaison with Lloyd's on pricing-related matters.
• Ensuring compliance with Solvency UK requirements, Lloyd's guidance, Technical Actuarial Standards (TAS) and Actuarial Professional Standards (APS).
• Supporting PMA's risk management framework and maintaining a strong control environment.
• Ensuring customer outcomes and policyholder interests remain at the forefront of decision‑making.

Skills, Knowledge and Expertise

• Non-Life Actuarial experience preferably in London or Lloyd’s market.
• Qualified Actuary or equivalent.
• Knowledge of London Market pricing methods, processes and practices.
• Knowledge of Lloyd’s of London Principles, in particular sub-Principle 1.6 Pricing.
• Good knowledge of Excel, Word, and PowerPoint.
• Team Player with good communication and presentation skills.
• Strong management and leadership skills.
• Ability to work with a variety of disciplines outside of the department.
• Strong planning and organisation skills.

Benefits

Benefits Band 5

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